CSE Global

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10 years 8 months ago #17748 by BNN
Replied by BNN on topic CSE Global
A question for investors who buy now at $1.00 and plan to hold CSE beyond the special dividend payout : Will CSE fall 28 cents to 72 cents post-dividend?

Is CSE fairly valued at 72 cents post-IPO of Servelec?

For those not intending to hold CSE beyond the special dividend, an opportune time to sell would be a few days before x-d, I think.

What the price at that point would be is anyone's guess. I would venture it's higher than the current price of $1.00.

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10 years 8 months ago #17792 by zane
Replied by zane on topic CSE Global
If only CSE had been more forthcoming by giving a timeline for the payment of the special dividend!

After all, they have said 28 cents a share, and they should know what the listing date roughly would be, when the $ will be credited to their account, etc.

Leaving investors to guess or grope about in the dark is bad communications!

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10 years 8 months ago #17875 by zane
Replied by zane on topic CSE Global
EGM on 28th nov == pls ask when special dividend likely to be paid.

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10 years 8 months ago - 10 years 8 months ago #17880 by BNN
Replied by BNN on topic CSE Global
UNLOCKING VALUE : The Servelec Group is will be divested at a trailing 12-month PE ratio of 12. 6x, which is significantly higher than the parent CSE Global’s average trailing 12-month trading PE ratio of 8.0x for the past one year.

Net proceeds from IPO = $219.6 million

Special dividend = $144.5 million (= 28 cents a share).

Balance = S$75.1 million to pare down debt (which will result in the Company being in a net cash position as at 30 June 2013).
Last edit: 10 years 8 months ago by BNN.

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10 years 7 months ago #17944 by Mel
Replied by Mel on topic CSE Global
Will any surprise happen at EGM? What if the IPO fails to get shareholder approval? :lol:

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10 years 7 months ago #17985 by BNN
Replied by BNN on topic CSE Global
@ CSE Global's EGM: 28-C Special Dividend Will Be Paid On 13 Jan 2014 :)

www.nextinsight.net/index.php/story-arch...-paid-on-13-jan-2014

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