tag:blogger.com,1999:blog-7944902213075756335.post2686252851203569846..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Tea with Ryan: SHC Capital Asia.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7944902213075756335.post-49314935602437407282014-08-08T21:00:50.934+08:002014-08-08T21:00:50.934+08:00Hi choices,
I am not familiar with the stock and ...Hi choices,<br /><br />I am not familiar with the stock and I do not have a position here. So, I am not the best person to comment on this.<br /><br />However, I believe that one should buy if one believes that the stock is undervalued and/or there are visible growth catalysts that will grow its earnings. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84721649481662166022014-08-08T20:57:45.056+08:002014-08-08T20:57:45.056+08:00SHC capital close at 0.215 after xd. I bought befo...SHC capital close at 0.215 after xd. I bought before cd at 0.315. should I leverage and buy at current price 0.215? Ryan/AK, anyone? What is your view and advice? Tks!choiceshttps://www.blogger.com/profile/02204450623629841081noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11174472374748331082014-08-04T22:47:21.482+08:002014-08-04T22:47:21.482+08:00Hi ryan,
Oh, for sure, anyone who got in earlier ...Hi ryan,<br /><br />Oh, for sure, anyone who got in earlier at much lower prices would be quite happy. :)<br /><br />"Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." Warren Buffett. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19115766839597385652014-08-04T21:35:11.729+08:002014-08-04T21:35:11.729+08:00Hi Wei Xiong,
12c dividend declared - hope this c...Hi Wei Xiong,<br /><br />12c dividend declared - hope this cheers you up! :)<br /><br />http://infopub.sgx.com/FileOpen/DeclarationOfInterimSpecialDividend_4Aug2014.ashx?App=Announcement&FileID=308168<br /><br />Now that the deal is complete, the company is truly pure cash. I'm trying to come up with a good valuation for the listing status (as a shell for RTO or parent to inject a new ryanhttps://www.blogger.com/profile/14924634897606717568noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84800479461613391542014-07-11T18:02:54.757+08:002014-07-11T18:02:54.757+08:00Shc ended at 0.285 today. Slowly losing steam. Ves...Shc ended at 0.285 today. Slowly losing steam. Vested at 0.31 :/wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89688054044128967872014-07-02T12:28:23.250+08:002014-07-02T12:28:23.250+08:00Hi Wei Xiong,
This changes the valuation a bit. S...Hi Wei Xiong,<br /><br />This changes the valuation a bit. Something for Ryan to chew on. Thanks for the update. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88820583588021346902014-07-02T11:56:35.590+08:002014-07-02T11:56:35.590+08:00from the announcement on 1st July, it seems like t...from the announcement on 1st July, it seems like there is S$8.4 million of Options Redemption Consideration and other costs and expenses which will result in NTA of about 32 cents per share. Maybe the discount is not so much afterall.wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58047825815342180822014-06-30T10:58:03.165+08:002014-06-30T10:58:03.165+08:00Hi lofan,
The possibility of the deal not going t...Hi lofan,<br /><br />The possibility of the deal not going through and a following decline in share price is the only risk I can see for anyone who chooses to buy in at this time. If the deal does go through, then, this could be a very rewarding investment. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5164355677921155382014-06-30T10:32:53.377+08:002014-06-30T10:32:53.377+08:00i believe the deal will go thru. the teoh families...i believe the deal will go thru. the teoh families have plans to do business and they r prudent wif money management. i understand this shc capital controlled by teoh chiang kai n his uncles. his brother,toh chiang quan owns paramount group n ecs in bursa n their dividen yield is ard 5%.currently,jeffrey chew from ocbc has joined them n wif his experience from banking industry, he will b lofan73https://www.blogger.com/profile/09724768290955564915noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39129057568364296072014-06-26T14:46:40.783+08:002014-06-26T14:46:40.783+08:00Hi ryan,
Thanks for the elaboration. :)
In my op...Hi ryan,<br /><br />Thanks for the elaboration. :)<br /><br />In my opinion, buying in now, the biggest risk that investors have to bear is the chance that the deal does not go through.<br /><br />I had a chance to chat with Victor regarding this and this was what he said as well. <br /><br />In such an instance, the catalyst for the higher valuation evaporates and share price would most probablyAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15227645871504579512014-06-26T14:20:36.051+08:002014-06-26T14:20:36.051+08:00Hi Hi,
There is a clause in the SPA that indicate...Hi Hi,<br /><br />There is a clause in the SPA that indicates that the shares will not be traded after completion of the deal as it is now a Cash Only Company. The Company has stated that they, thru their sponsor, apply for SGX to allow the shares to be traded. Anyone know of examples of Cash only company being traded on the exchange? <br /><br />Hi Ryan, your reasoning is fair. Cash is cash and LacyKingKonghttps://www.blogger.com/profile/13206586807253766995noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84834413817139633952014-06-26T13:41:33.871+08:002014-06-26T13:41:33.871+08:00I'll like to quickly touch on the basis of thi...I'll like to quickly touch on the basis of this blog post - the idea that cash on hand for a company should be valued at full, rather than at a discount. In a normal company where there are various assets and liabilities, based on the liquidity and valuation of the assets, a discount/premium for the liquidation value of the business may be given.<br /><br />For example, say there is a companyryanhttps://www.blogger.com/profile/14924634897606717568noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87937082288811395002014-06-26T13:36:06.228+08:002014-06-26T13:36:06.228+08:00Hi raf,
Yes, after the deal is completed and 30% ...Hi raf,<br /><br />Yes, after the deal is completed and 30% of the proceeds are distributed as a special dividend, the management will work on finding new business ventures.<br /><br />From my understanding, the management will have one year to do so, failing which they'll have to distribute all the cash and delist. In addition, the cash will be held by a bank for safe-keeping, so we won'ryanhttps://www.blogger.com/profile/14924634897606717568noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7687433146171585612014-06-26T12:08:48.472+08:002014-06-26T12:08:48.472+08:00Hi raf,
To me, that would seem to be the case. Ba...Hi raf,<br /><br />To me, that would seem to be the case. Balance cash, if the deal should materialise, would go to other business opportunities which are yet to be determined.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17105881001426795522014-06-26T11:21:05.736+08:002014-06-26T11:21:05.736+08:00Hi AK
So,isnt it the case that once sale is compl...Hi AK<br /><br />So,isnt it the case that once sale is complete, our investment is basically in a company that owns one asset i.e.cash and what it does with it will be decided by the two major shareholders who control over 80%. At present all that the shareholders have been told is that 30% of cash will (at co's discretion) be paid as special dividend. If that does happen, we are still left rafhttps://www.blogger.com/profile/00866036023081691193noreply@blogger.com