Oakwell Engineering Limited

More
10 years 8 months ago #15847 by josephyeo
On completion of the sale (assuming the sale will get through) the company will get $56 million dollars in cash.

Balance of the $14 millions will be collected within 2 years. Please refer to their annoucement on 21 aug 2013

in sgx.com.sg. And the current capitalisation of the company is only $54.1 million based on share price of 8.1 cts.

Please Log in or Create an account to join the conversation.

More
10 years 8 months ago #15877 by josephyeo
If the deal pull through the company would be receiving 10.5 cts per share ... $70 millions divided by 668,266,000shares.

The current traded price is only 7.9 cts.

See the company's annoucement on 21st aug '13 at sgx.com.sg

Please Log in or Create an account to join the conversation.

More
10 years 8 months ago #15882 by josephyeo
If the sale of the subsidiary pull through ...

the company will receive 10.5 cts CASH per share

current traded price only 8.0 cts per share

i think this is a good opportunity. Main risk is when the sale of the subsidiary does not pull through.

pls see their annoucement on 21st aug in sgx.com.sg for details.

ps : buy at your own risk. Myself, am heavily vested.
The following user(s) said Thank You: Val

Please Log in or Create an account to join the conversation.

More
10 years 8 months ago #15884 by Val
Replied by Val on topic Oakwell Engineering Limited
Good luck Joseph!

I wonder why the market doesn't react more positively.

Please Log in or Create an account to join the conversation.

More
10 years 8 months ago #15899 by josephyeo
Thank you Viva.

Hope it will move nearer the closure date in oct.

So long as the sale get through everything should be alright

because i believe the dividend distribution would be fairly

substantial relative to current share price.

Please Log in or Create an account to join the conversation.

More
10 years 8 months ago #15900 by g6everyday
Hi Joseph, what company going to do after the deal?

Please Log in or Create an account to join the conversation.

Time to create page: 0.213 seconds
Powered by Kunena Forum
 

We have 1065 guests and no members online

rss_2 NextInsight - Latest News