KING WAN CORP -- loads of cash

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10 years 8 months ago #15502 by flyersummer
you can browse more info at www.vectorVest.com . just sharing since you ask.

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10 years 8 months ago #15505 by yeng
Replied by yeng on topic KING WAN CORP -- loads of cash
Thanks - Vector Vest is some software?

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10 years 8 months ago #15584 by BetterPrice2013
During the AGM, did the management mention any indicative price of KTIS IPO? Thanks!

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10 years 8 months ago #15599 by pine
Replied by pine on topic KING WAN CORP -- loads of cash
Me doubt it. How can mgt indicate pricing of KTIS when the SEC has not even approved the IPO? There is also a bookbuilding process that needs to be carried out -- not sure if this has been started. In addn, mgt said that KTIS will choose to time IPO with a stronger market sentiment. Goodness knows if the IPO will even happen next month, or next quarter. Year-end seems to be a better time when markets tend to rally ahead of the Jan effect. Just my guess.
The following user(s) said Thank You: Rich

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10 years 8 months ago #15620 by BetterPrice2013
Thanks abb

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10 years 7 months ago #15721 by Rich
Replied by Rich on topic KING WAN CORP -- loads of cash
Has anyone thought of the likelihood of KTIS paying dividends? If there are dividends and if King Wan holds a good % of its KTIS shares, then this will be an interesting addition to the bottomline.

Back of the envelope calcn: If King Wan sells off $10 m worth of its $50 million KTIS shares in year 1, its outstanding $40 m could earn S$1.2 m in dividends assuming a 3% yield.

$1.2 m is not peanuts compared to King Wan's core earnings of about $7 m (2013 fy figure).

Just a nice thought...Let's await more clarity.

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