K1 Venture

Small cap stock in Singapore are undervalue and most under-research. Good dividend yield compare with deposit in the bank which is 0.15%. Although risky, these stock if carefully selected could be most rewarding counters for investors over long term. In order to increase your personal wealth.Buy stock which is undervalue, must do your homework.Be patient,no fear and no greed will increase your personal wealth. Lastly, there just isn\'t anywhere else to put your money.Interest rates are ridiculously low and and will remain that way until inflation starts to pick up.Inflation,anyone\'s guess which other income vehicles are good to invest such as stocks,property and commodities. Click below : secure.fundsupermart.com/main/community/...do?pid=002104&page=1 I would like to recommend K1 venture shares which are undervalue,good yield and future growth.The net asset value is 30 cents instead of 19 cents based on 31st Dec 2009 annual report due to(joint venture) McmorRan Exploration Co which the share price increase from US $8 to US $15. www.google.com/finance?q=NYSE:MMR www.mcmoran.com/pdf/2010/011110.pdf K1 venture has 2.3 million shares which the shares asset for Mcmoran will enhance the K1 venture from net asset 18 cents to 30 cents. Citibank valuation is 25 cents. Good buy which has good return of 4.5 % yield.You can use SRS and CPF for long term return.

K1 venture has 2.3 million shares which the shares asset for Mcmoran will enhance the K1 venture from net asset 18 cents to 30 cents. Yes, MMR stock price may have risen by some us$7 since 31-Dec2009. so assuming us$-to-s$ forex at $1.40 we get fairvalue gains on MMR shrs at: = 2.309m MMR shrs X 7 X 1.4 = some s$22.63m Since K1 got some 2167 million issued shrs we get 22.63 / 2167 = $0.0104 thus Gains from MMR is only a mere 1.04c per K1 share SO how you get MMR enhancing K1 net asset from 18c to 30c ????

Hi fun$, Thanks for the clear breakdown. Pardon me for asking silly questions. I was wondering what constitutes undervalued in this situation. - firm is making a loss 1H 2010 as leasing income took a hit and investments largely consolidated -Isnt it not very safe to rely on MMR value? Given that if market takes a hit further, K1 valu goes down a well? - 2009 was significantly weaker than 2008. Given that 1H 2010 is worse than 1H 2009, will dividend payout still be sustained going foward? Just some thoughts.

K1 Ventures might privatise two subsidiaries :

1) More recently, k1’s 1.43% stake in MMR was the subject of a takeover bid by Freeport–McMoRan Copper & Gold (FCX). The latter made an offer to acquire MMR for US$14.75/share in cash and 1.15 units of a royalty trust.

2) China Grand Auto has filed for initial public offering (IPO) to list on the Shanghai Stock Exchange. K1 has invested a total of approximately US $12.4 million. If IPO successful , the value should be 3 to 8 times the value of K1 invested.

Goh Han Peng from DMG on BUY recommendation.

Scoop of the Day: Following an unsuccessful privatisation offer by GKB Holding – an investment vehicle set up by major k1 shareholders Keppel Corp, Steven Green and BV Group – k1 management has committed to managing its existing investments for eventual exits and returning the proceeds of divestments to shareholders. Given the depressed share price (trading at a 14% discount to NAV), management is also putting off plans to raise fresh capital to make new investments. K1’s existing investments include railcar leasing (Helm), pre-school education (Knowledge Universe), auto distribution (China Grand Auto), financial services (Guggenheim Capital) and oil and gas (McMoran Exploration, or MMR). While timing for the divestment of these assets is uncertain, we believe management’s decision to embark on the path of divestment will unlock the substantial value embedded within key holdings such as KUH and Helm. Following numerous rounds of dividends and capital distributions, k1 has to date received more than its original investment cost of US$56m in KUH. KUH continues to have a strong capital structure and has expanded the scale of its operations to overseas markets such as Singapore, Malaysia and United Kingdom in recent years.

More recently, k1’s 1.43% stake in MMR was the subject of a takeover bid by Freeport–McMoRan Copper & Gold (FCX). The latter made an offer to acquire MMR for US$14.75/share in cash and 1.15 units of a royalty trust. Following news of the offer, MMR’s stock price shot up over 80%, valuing k1’s stake at S$44m. If the offer is successful, we believe part of the proceeds could be distributed to shareholders. Based on the last traded price of $0.126, k1 is trading at a 53% discount to our RNAV of $0.27/share. We continue to like the stock and reiterate our BUY recommendation. (Goh Han Peng)

K1 venture

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Ready to soar to New Highs soon . Going for 25 cent soon.

Portfolio investment McMoRan Exploration has been approved by shareholders and delisting soon. Another good dividend coming.


Another portfolio China Grand Auto ,which coming to one and half year for IPO application on the Shanghai Stock Exchange is going for approval soon . Usually take 2 years Shanghai Stock Exchange to approve for IPO listing.

K1 venture is looking extremely bullish and momentum is building up .Good Dividend coming and please do not
misss this apportunity.