Wednesday, December 8, 2010

Paramount declares 40c special dividend

Wednesday, 08 December 2010 19:14

KUALA LUMPUR: Paramount Corp Bhd announced a windfall for its shareholders with the declaration of a special dividend of 40 sen per share.

The company said on Wednesday, Dec 8 the dividend would go ex on Dec 21 and the entitlement date would be Dec 23

Paramount, had on Dec 1, completed the sake of its 20% stake in Jerneh Insurance Bhd to ACE INA International Holdings Ltd for RM130.8 million cash.

The company’s other core businesses are rental of residential and commercial PROPERTIES, property development and CONSTRUCTION. It has a stake in KDU College Sdn Bhd.

眼看股价就快下跌了,就赶快公布特别股息来扶持,管理层好贱 我喜欢。

sell jerneh 将会有 130 mil 进账。
40sen股息 X 120 mil 股 = RM48mil。(sap sap sui 而已)

股价 4.78 - 0.40 = 4.38.
eps 2010 estimate 0.70

PE = 6.25


In fact, the announcement of 40 cents dividend could well be the first of many goodies that we could hope to receive.

First, Paramount might consider returning the balance proceeds estimated at another 60 cents per share to the shareholders in the event that there is no land acquisitions in sight within the next 6 months. This is the assurance given by Dato' CQ Teo, Executive Chairman of Paramount, made during the EGM.

Second, there could be plans to give out bonus issue in an effort to boost the liquidity of its shares, which could take place as early as next year.

Third, they are already in the midst of working out a strategic plan, which involve the future listing of their education business after its KDU College has recently received approval from MOHE to upgrade to University College status, hence further enhancing the value of Paramoung shares.

according to egm, if they dont find suitable land for property development, will pay out further 60sen in special div(from jerneh sales).

year end soon, another 30sen dividend possible!
and the valuation for their business is still low!!! so there is still value at current price. plus next year their international school is up! plus they just got university status.

plus according to dato a bonus issue might b coming soon!
so next year lots of development too in property arm, where this year super profits!!!

So, there could be more upside to the current market price if we can hold the stock long enough to reap its benefits.

THEY Really can giv out so much dividen meh ?
分到来,股价如果剩3块多,eps 还是 5,6毛,那不是很便宜?

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