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(07-01-2022, 08:51 AM)edragon Wrote:(06-01-2022, 04:32 PM)Jacmar Wrote: If they do IPO and a BV of around $40+/share, shareholders can expect their shares to rise from current $10(cap as a co-op) to this level. GE is trading at around BV too. A potential major windfall if it's IPO. Keep fingers cross and hold on tight.
For those who is interested in buying more NTUC Income shares, sorry they have stopped selling many many yrs ago. Oldies like me lucky to get it then and it was limited to 5000 shares per member who purchased NTUC Insurance.
Please elaborate on the above share value as $40 or current $10 as I thought the share to be worth $1 per share.
Also, I only have slightly more than 1,000 shares but you have mentioned the limit was 5,000 shares. Tried for many years (more than 2 decades) but I could not get (buy) any more as my offer was declined all these years.
Go look at the last AR 2020(2021 not out yet), it was showing around $39 BV. When the shares was issued when you purchased it long ago it was >$10 if I remembered it correctly. So you paid $10/share for your 1000 shares ie $10k. When the BV started rising they stop the sale of the shares(my guess). Yes I tried many many yrs ago to buy more for my kids and was on a long waiting list but no chance of getting it. when it's selling at far below BV and an iconic brand with 6% div yield, you can't go much wrong with it.
they also imposed a limit of 5000 shares per insurance policy holder can buy. i took the chance then to buy the max.