Qingmei

danzing87
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12 years 7 months ago - 12 years 7 months ago #7261 by danzing87

Replied by danzing87 on topic Re:Qingmei

Qingmei proposed scrip dividend...

Last edit: 12 years 7 months ago by danzing87.

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greenrookie
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12 years 7 months ago - 12 years 7 months ago #7262 by greenrookie

Replied by greenrookie on topic Re:Qingmei

This is not anything new, as they have already announce the intention during the full year results. Even if it's an announcement out of the blue, such announcement should not cause any heavy selling? Also why didn't SGX query? Although the standard answer is always we are not aware of any material info. Observer2 or anyone has any inking what might be going on?

Last edit: 12 years 7 months ago by greenrookie.

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danzing87
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12 years 7 months ago #7263 by danzing87

Replied by danzing87 on topic Re:Re:Qingmei

didn't know abt that.. i didn't cover Qingmei in depth.. just wondering will anybody choose shares over cash dividends.. haha

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Mel
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12 years 7 months ago #7264 by Mel

Replied by Mel on topic Re:Qingmei -- will chairman take scrip or cash dividend?

Hi danzing87: The key shareholder to ask your question is the chairman. Will he take cash dividend or scrip ? Are you going to the AGM? Anyone who goes to the AGM should not let the opportunity slip by to ask the chairman this question openly. If he says he will take scrip, it is a very good sign that the business prospects are good and there is no accounting skeletons to worry about. If he says he will take cash, oh-oh..... I would be worried.

There is a recent article on the dividend
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4374-qingmei-]QINGMEI: Fast-growing S-chip with high 13% dividend yield[/url]

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observer2
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12 years 7 months ago #7265 by observer2

Replied by observer2 on topic Re:Re:Qingmei

Qingmei has been fluctuating between the range of 17.5 cts and 21 cts since June 2011. Its share price has been holding up rather well against the market meltdown over the past few weeks. I believe the large married deal yesterday could have come from someone who needed to raise cash. In a bearish market, desperate sellers selling any sizeable quantity of their shares, would usually have to do it at a discount to the market price for lack of buyers. As S-chips are out-of-favour with most people, any unusual drop in share price can easily make many retailers panicky as to join in the selling. Unless we have inside information, we will not know the truth.
The issue of script dividends is nothing new and is being done by many companies. This is an OPTION given to shareholders to receive their dividends in cash or in script. I do not see this as a negative point for the company or the shareholders.
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[greenrookie 06-10-2011]:
This is not anything new, as they have already announce the intention during the full year results. Even if it's an announcement out of the blue, such announcement should not cause any heavy selling? Also why didn't SGX query? Although the standard answer is always we are not aware of any material info. Observer2 or anyone has any inking what might be going on?

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Val
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12 years 7 months ago #7269 by Val

Replied by Val on topic Re:Qingmei

Qingmei has announcced that its chairman sold 23 m shares at 16.8 c.
by my estimate, he is going to collect abt S$3.8 million. Qingmei also announced that for dividend, the man (did he read this forum?) is going to opt for scrip. by my est, he is just giving up S$575,000. In other words, he is net net exiting. However, the % stake sale is not major. Overall, nothing alarming to me. What u other guys think?

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