SingPost *Official* (SGX: S08)

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lb95010

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according to sgx, there 190milions new share issue, will dilute the dividend?
what happen to treasurey share, will it part of new issue share?
 
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lb95010

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lb95010 said:
according to sgx, there are190milions new share issue, will dilute the dividend?
what happen to treasury share, will it part of new issue share?
Click to expand...

oops, i read it again, teasury shares is not part of it, but its transferred to new investor. whats the good or bad on this? thq
 
Paul Lee

Paul Lee

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The treasury shares is transferred to Alibaba as new ordinary shares. Alibaba cannot be holding treasury shares. So overall Alibaba will hold 220,096,000 shares in Singpost but the company only has to issue 190,096,000 new Shares.

Treasury shares are usually shares that the company buy back from the market. And 'cancel' in the sense that they no longer form part of the shares capital. Sometimes they are issue to employee as part of a Employee Shares Scheme.

I dun think the new share will have any impact on Singpost ability to continue with its 6.25c dividend payout. But I will work out the numbers again and see if it is so.

[Update] The new shares adds up to an additional $13.756 million in dividend, which is a drop out of the 200+ million Free Cash Flow for the last FY. So not going to have any impact on Sinpost ability to continue to pay 6.25c dividend yearly.
 
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simon_84

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fireblazt said:
Feels like dumping and buy back later ^_^!

What you all think?
Click to expand...

depending on whether is the capital gain important to you or staying vested ?

bought at 1.18 last jan, sold shortly.
identify the next entry point at 1.28 but due to lack of funds, have to forgo.
if you sell, you need to take note that at the level of STI now, buying back at a lower price will be tough in the short run unless rupiah got issue again.

not forgetting that you also need to reinvest in other counters if you are not able to re enter at a better price for singpost.
 
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athulican

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fireblazt said:
Feels like dumping and buy back later ^_^!

What you all think?
Click to expand...

ANALyst reports out? If not, there will be one more round of pumping. (I don't know why many people still act on ANALyst reports :s22:, but well, make money, don't care)
 
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mrwonderful

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Last week insiders already got hold of the news and pushed it up 20+% over the course of a few days. Look at the chart you will see...

You telling me a bunch of speculators somehow guessed the exact moment for a deal for this stock? Nah... Singapore stock market is crawling with insiders.
 
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teerance85

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mrwonderful said:
Last week insiders already got hold of the news and pushed it up 20+% over the course of a few days. Look at the chart you will see...

You telling me a bunch of speculators somehow guessed the exact moment for a deal for this stock? Nah... Singapore stock market is crawling with insiders.
Click to expand...

I second that. If the price shoot up after the announcement and trading halt, then fair enough. But the price shoot up , got halt pending for announcement, and resumed again. It clearly shows signs of insider trading.
 
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Wood4

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mrwonderful said:
Last week insiders already got hold of the news and pushed it up 20+% over the course of a few days. Look at the chart you will see...

You telling me a bunch of speculators somehow guessed the exact moment for a deal for this stock? Nah... Singapore stock market is crawling with insiders.
Click to expand...

Police report again like SMRT ?
Or Stomp it ?
Haha !
 
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lb95010

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Paul Lee said:
The treasury shares is transferred to Alibaba as new ordinary shares. Alibaba cannot be holding treasury shares. So overall Alibaba will hold 220,096,000 shares in Singpost but the company only has to issue 190,096,000 new Shares.

Treasury shares are usually shares that the company buy back from the market. And 'cancel' in the sense that they no longer form part of the shares capital. Sometimes they are issue to employee as part of a Employee Shares Scheme.

I dun think the new share will have any impact on Singpost ability to continue with its 6.25c dividend payout. But I will work out the numbers again and see if it is so.

[Update] The new shares adds up to an additional $13.756 million in dividend, which is a drop out of the 200+ million Free Cash Flow for the last FY. So not going to have any impact on Sinpost ability to continue to pay 6.25c dividend yearly.
Click to expand...

Thanks for the info
 
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