Lion Asiapac

Joes
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14 years 3 months ago #2975 by Joes

Replied by Joes on topic Re:Lion Asiapac

No interim dividend. Company sitting on lots of cash. Seems like they are planning to venture into somehting, otherwise they would hv paid out something.

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Dongdaemun
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14 years 3 months ago #2981 by Dongdaemun

Replied by Dongdaemun on topic Re:Lion Asiapac

My friend sent me this: dun be disheartened.. If you look carefully under cash flows from operating activities, there is an item called \"unrealised currency translation losses\". This means that the company still has very significant foreign currency exposure, which may also imply that the sales proceeds have not been remitted to Singapore. If you refer to China Milk\'s announcement on 5th Jan, you will see that it is not easy remitting funds out of China. There are a lot of regulatory hurdles to clear and takes a lot of time. Hence, the lack of interim dividend may be simply because the funds have not arrived into the Company\'s bank accounts..As soon as the funds are remitted, I believe the Company will reward its shareholders accordingly. In any case, Lion Apac is a local company with a credible chairman (Mr Othman Wok) and reputable parent company (Lion Group). It also pays out regular dividends so I think its worth the wait..

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erelation
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14 years 3 months ago - 14 years 3 months ago #2982 by erelation

Replied by erelation on topic Re:Lion Asiapac

Thanks for your update.... Taken this opportunity to sell some of the Oceanus that i have picked up at $0.325 few days back and re-deploy these fund to buy up Lion AsiaPac today at $0.335. Cash onhand in the report was about $0.46 and yet share price trading at $0.335.... as long as management do not use the fund to buy over-valued asset/biz.. i think this counter still have a good chance to re-test $0.405 in near future.... One of the key management skill is their ability to take profit at the right time which help to create shareholders value.... and they just did it with their china\'s investment. Happy camping here......

Last edit: 14 years 3 months ago by erelation.

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erelation
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14 years 3 months ago #2985 by erelation

Replied by erelation on topic Re:Lion Asiapac

pick up some more along the way.... $0.33, $0.325..... probably the short term speculators are going for exit after the release of result without any special dividend.... anyone else \"long\" on this counter?

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RKAN
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14 years 3 months ago #2987 by RKAN

Replied by RKAN on topic Re:Lion Asiapac

Bought some @ $0.33. Wanted to buy more but trading limit was reached, perhaps blessing in disguise. Can pick up cheaper tomorrow....

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erelation
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14 years 3 months ago #2991 by erelation

Replied by erelation on topic Re:Lion Asiapac

How nice if i have this \"happy\" problem too yesterday.....

Just have to be contented with my buy at average $0.33.... Wish all of us the best for the coming new year.

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