Duty Free Share Buyback and Berjaya Waterfront

divads
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9 years 9 months ago #20428 by divads

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The Board of Directors of Duty Free International Limited (the “Company”) wishes to declare a first interim ordinary dividend (one-tier tax exempt) of SGD 0.01 per ordinary share for the financial year ending 28 February 2015, payable on 8 August 2014 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 30 July 2014.
Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 31 July 2014 on which no share transfer will be effected. Duly completed registrable transfers received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 30 July 2014 will be registered before entitlements to the dividend are determined.
By Order of the Board
Lee Sze Siang
Executive Director
18 July 2014

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9 years 9 months ago #20432 by divads

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expect a special dividend in Dec when it receives final payment of 50M ringgit from Berjaya in Oct this year

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9 years 9 months ago #20435 by divads

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Duty free zon (DFZ) when it was listed in bursamalaysia has been making profit even during the horror time in 2008. And has been generous in it's dividend, and with the few potential catalyst I listed, I vested for the long term

Summary of the potential catalyst:
1) Upgrading to mainboard
2) Berjaya Vincent Tan may be interested to take it private
3) New contracts obtained in KLIA terminal 2 provides more revenue and hence potential profit
4) Restructing of Malaysia airline by Khazanah Nasional due to MH371 and MH17 may lead to selling off of non-aviation related business, so duty free international may revive talk with ERAMAN duty free for a merger to create a billion dollar revenue company.
5) Potential special dividend when they receive the 50 million ringgit payment from Berjaya by Oct this year.

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9 years 9 months ago #20456 by divads

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Ex div this Friday.. 1 cent dividend

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9 years 9 months ago #20462 by divads

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www.todayonline.com/world/asia/mas-likely-be-delisted-report

Malaysia Airline going to be delisted.
MAS plans to present a revival plan to its biggest stakeholder Khazanah Nasional this week, sources told the financial portal yesterday. The options range from privatising the company to bankruptcy, both of which involve a delisting from Bursa Malaysia.

Would there be a chance that Duty Free International can revive the proposal to buy over Eraman Duty Free so that KLIA can focus on aviation related business and leave the duty free business to duty free Zon?
www.theedgemalaysia.com/features/165470-...-eraman-outlets.html

It will be a game changer for Duty Free International (parent Atlan) if the deal can be revived.