Global Investment Limited (SGX:B73)

sohguanh

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Re: Latest corp action of bonus shares + equal access offer

My understanding of the bonus issue + share buyback is either accept shares or let then give you cash for the bonus shares portion, is that correct?
I don't think they will give you cash for the bonus shares. In the announcement pdf it say they will give you 1 bonus share for every 25 existing shares you hold. You want can get already sell off in SGX but incur brokerage fees.

This company market cap is only 203.41M but they are floating 1.6 billion shares wow! With these bonus exercise the total shares will get even more. They are doing share buy-back I see but not fast enough to reduce the total shares float. Company with billion and billion of shares in market the share price are "suppressed" aka "cheap and affordable price". And the billion of shares attract shortist and investors to come and play as a lot of shares to go around.
 

Shion

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Global Investments reverses into earnings of $8.60 mil for FY2023​


https://www.theedgesingapore.com/capital/results/global-investments-reverses-earnings-860-mil-fy2023

Investment firm Global Investments B73 0.00% has reported earnings of $8.60 million for its FY2023 ended Dec 31, 2023, reversing from a loss of $35.1 million in FY2022.

This translates to an earnings per share of 0.55 cents, reversing from FY2022’s losses per share of 2.23 cents.

Meanwhile, the company’s revenue for FY2023 came in at $12.8 million, from a loss of $32.5 million the year before.

Similarly, the company reported total income of $14.3 million for the FY2023 compared to FY2022’s loss of $27.2 million, which was largely due to the fair value gain on financial assets at fair value through profit or loss (FVTPL) of $1.1 million compared to a fair value loss of $40.7 million last year.

With this, the company’s board of directors has recommended a final dividend of 0.4 cents per share for the period.

On its outlook, Global Investments aims to grow its assets and seek new investments that will generate steady income and potential appreciation in capital to deliver regular dividends and achieve capital growth, while actively managing its assets with a focus on optimising risk-adjusted asset returns.

The company’s investment objective is to seek opportunities in high-yield credits, hybrid instruments, public and private equities, operating lease assets and securitisation assets. Given the current state of the financial markets, Global Investments says that it will be selective and focus on a fundamental bottom-up analysis, with a preference for assets with defensive characteristics, and good cash flow generating ability.

Shares in Global Investments closed flat at 11 cents on Feb 22.
 
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