Sabana has fallen to 87.5 after going x-d, yielding 2.17 cent in dividend. Badly underperformed in this current market rally.
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[viviene 28-01-2012]:
Sabana didnt turn out to be a cool investment, as Innotek bought at $1.05 IPO price. The price currently is 91 cents, so it lost 14 cents per unit!
The dividend return probably has not covered the hole opened by the capital loss (paper loss).
SGX-Listed InnoTek Disposes Stakes in Two Subsidiaries;
Resources Re-Allocated to Move Up Value Chain;
Prepare for Investment in New Business
Thumbs Up!
Group Managing Director of InnoTek Mr. Yong Kok Hoon said, “We remain focused on reducing dependence on businesses which are lower in strategic value, facing margin pressure or are less stable. Instead, resources will be channeled to enhance our value proposition in office automation and automotive divisions, move up the value chain to capture new opportunities in higher-end smart TV business and for a new electronics-related business.”
They did not make enough profit for FY11 to distribute $0.05 div per share so they are distributing previous years' retained earnings.........
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[yeh 21-02-2012]:
Now, this is what I call a company that is shareholder-friendly!
Stock up 1 cent today to reach 48 cents.
SGX-Listed InnoTek Announces FY’11 Net Profit of S$0.5 Million;
Proposes 5.0-Cent Final Dividend For Fourth Consecutive Year
Plus Gains from selling off European subsidiary..... "The disposal of Exerion, which sells printing, medical, industrial and semiconductor equipment, is expected to realise an estimated gain on disposal of approximately Euro 1.1 million (S$2.9 million) from an aggregate consideration of approximately Euro 3.2 million (S$5.4 million)."
