KING WAN CORP -- loads of cash

yeng
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11 years 3 weeks ago #13633 by yeng

Replied by yeng on topic KING WAN CORP -- 10% yield!

Got some today for a yield of 10%. Satisfied. King Wan is supposed to pay the regular 1.5¢ dividend in May 2013 plus a special dividend of 1.5¢. Total = 3 c and this is supposed to be the case for the next 5 years at least (or 10 years if you follow OSK DMG report recently).

The special dividends will from the sale of the Thai Associates shares. Wish me luck! :-)

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erelation
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11 years 3 weeks ago #13634 by erelation

Replied by erelation on topic KING WAN CORP -- 10% yield!

Good to know that you are camping here too.....

Another positive news;

With reference to the announcement made by King Wan Corporation Limited (the “Company”) on 17 January 2013 in relation to its 30% associate, Gold Hyacinth Development Pte Ltd (“GHD”), which entered into a sale and purchase agreement to purchase a Supramax Bulk Carrier - Crown 58 (the "Vessel"), the Board of Directors of the Company wishes to update its shareholders that GHD has formally taken delivery of the Vessel on 8 March 2013.

***** The Vessel has since been named "Hai Jin" and it has been chartered to a third party on a time charter basis. *****

Already generating revenue for this vessel.

Cheers
Yee

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Val
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11 years 2 weeks ago - 11 years 2 weeks ago #13672 by Val

Replied by Val on topic KING WAN CORP -- 10% yield!

Yeh + erelation: The final dividend for FY13 won't be 1.5 cent but 1.0 cent since King Wan has given an interim of 0.5 cent. Anyhow, 1.0 + 1.5 ct special dividend is equal to 2.5 cents or about 9% yield on current stock price of 28 cents. I look forward to it! The more interesting thing that could happen is the stock price moves up to compress the yield to about 7.5%. That happens when the stock reaches 33-34 cents. Which wouuld give us about 17-28% capital gain liao!

Last edit: 11 years 2 weeks ago by Val.

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newsman
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11 years 3 days ago #13740 by newsman

Replied by newsman on topic KING WAN CORP -- 10% yield!

Retirees Dream stock for Divi

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yeng
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10 years 11 months ago #14046 by yeng

Replied by yeng on topic KING WAN CORP -- 10% yield!

King Wan Corporation secures S$28.4 m worth of new M&E contracts.... > Now, order book stands at S$183.6 million worth of M&E engineering contracts lasting to 2016.

info.sgx.com/webcoranncatth.nsf/VwAttach...acts.pdf?openelement

Full-year results akan datang. Will King Wan deliver 2.5 cent dividend, as OSK analyst said?

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Val
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10 years 11 months ago - 10 years 11 months ago #14055 by Val

Replied by Val on topic Re:KING WAN CORP -- loads of cash

Found it.. Am going to read again, more closely, the DMG report on King Wan Corp.

mail.dmg.com.sg/dmgnew/dmgrshnew.nsf/9ea...6/$FILE/ATT3261I.pdf

Last year the full year results were announced on May 29. If it is the same date again, we have about 1.5 weeks to go before we know if the company will pay 2.5 cent dividend.

If it happens, the yield is too good for the stock to stay at 29 cents, right? I expect a jump to 33-34 cents.

Last edit: 10 years 11 months ago by Val.

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