Sunright

[Behappyalways]

yea^^
100 shares sell down.

[Behappyalways]

The 100 shares sold down is to a concerted party. This is to push the price down. The 100 shares at 179 trying to sell is to block buyers from buying.

The motive is to make the share price low......

Well when you read those privatisation offer they normally will show share price for the past 3 mths, 6 mths and etc.

This is to make someone's offer look nice.... ^^

This is the real world ^^

[Behappyalways]

THE PROPOSED DISPOSAL OF APPROXIMATELY 34.62% OF THE ISSUED AND
PAID-UP SHARE CAPITAL OF KESM TEST (M) SDN BHD TO KESM INDUSTRIES BERHAD
http://infopub.sgx.com/FileOpen/SR_%20Ci...eID=345317

[ngcheeki]

Based on the use of proceeds section, the company has no intention to give out any special dividend .

3.2.5 Use of Proceeds from the Proposed Disposal
Had the net proceeds of approximately S$13.03 million (after deducting estimated
expenses of approximately S$0.20 million from the Proposed Disposal) been
aggregated with the Company’s proportionate share of the Interim Dividend of
approximately RM10.39 million (approximately S$3,926,000), the total cash
realisation from the Proposed Disposal would be approximately S$16.96 million. The
excess of this cash realisation over the net tangible asset value of the Sale Shares
as at 31 July 2014 would then be approximately S$3.31 million.
The Group intends to utilise the net proceeds for product development innovations
and to build on highly complex board design capabilities, for working capital
requirements, as well as for general corporate purposes and/or to reduce the bank
borrowings of the Group.

[Behappyalways]

I doubt so but this year they should start paying dividends due to return to profit.

1H2015 profit = $1.76m
$3.926m dividend in Feb 2015 (2H2015) should be classified under other income.
So about $5.7m profit as of now, not including 2H2015 profit from operation.
$5.7m out of 120m shares. Around 5cents EPS

[ngcheeki]

Dividend record for sunright has not been very good and inconsistent. in FY2011, company EPS is 3.8 cents and only paid a pathetic dividend of 0.2 cent or payout ratio of 5%. From FY2011 to FY2014, there are only 2 dividend payments of 0.2 cents in FY2011 and FY2012. The highest dividend recorded was in FY2007 which the company paid out 0.6 cent out of EPS of 3.3 cents or Net profit of S$4.14 mil.

Based on the above facts, I find this company is not very shareholder friendly in rewarding shareholder.

[Behappyalways]

What you said is true. The earnings have been erratic too.

Hope the company will start to do well from now on. The company has a total of 120m shares. So a few million dollars of profit will give it an EPS of a few cents so if it can do well the share price will perform. I am tempted to buy more and actually I bought some more but I will wait for KESM's 3Q result to decide if to buy more. Sunright should increase its stake in KESM with its cash hoard.

http://klse.i3investor.com/blogs/stockpick/75180.jsp

[Behappyalways]

No wonder why KESM's share price has been inching up. TA Securities starts covering it
http://klse.i3investor.com/blogs/TASecurities/75378.jsp

[dydx]

There was quite a bit of buying today - an unusually high 1031.2 lots transacted between $0.31 and $0.365; Sunright closed up $0.045, or 14.8%, at $0.35 - and SGX has decided to make a query.....
http://infopub.sgx.com/Apps?A=COW_CorpAn...80c43a81af

Very good full-year (ending 31Jul16) result coming? Or a potential privatisation GO by the controlling shareholder, or better still by a 3rd-party paying a good price close to the fair intrinsic value?

I took a quick look at the latest 1H (ended 31Jan16) result.....
http://infopub.sgx.com/FileOpen/SR%201HF...eID=393906 [1H result announcement]
http://infopub.sgx.com/FileOpen/SR%201HF...eID=393907 [press release]
, which had some signs of positive development in the business on the demand side.

[Behappyalways]

Sunright has been trading below NTA because it accounted its 48% stake in KESM at book value while the share price of KESM was trading much below its NTA.

With the significant jump in profit in KESM, the share price of KESM is now higher than its NTA hence a revaluation of Sunright.