[%IAKe%] - Land Sales, Big Gains, and Plans for dividends

So here's another land disposal opportunity that's happening. We seem to be getting many of these this year. 

Briefly, I'll just summarize key points of the corporate action. You are highly encouraged to go read the original announcements from Bursa Malaysia yourself and make your own conclusions.

1. Expected net gain of disposal of RM 37.5m, or around 8.3 sen EPS.
2. Plans to declare 1 sen special dividend (at current price of 0.135, it's about a 7.5% yield)
3. Remainder will be to acquire new business. What business? No idea at this juncture.
4. Already a net cash company prior to the disposal
5. Net Asset per share expected to jump to RM 0.23 after the disposal. Of which net cash is expected to be around RM 71mil. NOSH is currently 449mil. 
6. Current market cap is RM 60mil.
7. SPA has already turned unconditional as of 22 March, with the special dividend expected to be declared within 2 months of the unconditional date. 
8. Assuming the company is valued at net cash alone, the fair value after disposal could be around RM 0.155.  
9. Worth noting is that they do already have an existing business with its own assets.

How much should they be valued at? That's up for your further reading. Good luck!

$KLSE-JASKITA - Land Sales, Big Gains, and Plans for dividends

So here's another land disposal opportunity that's happening. We seem to be getting many of these this year. 

Briefly, I'll just summarize key points of the corporate action. You are highly encouraged to go read the original announcements from Bursa Malaysia yourself and make your own conclusions.

1. Expected net gain of disposal of RM 37.5m, or around 8.3 sen EPS.
2. Plans to declare 1 sen special dividend (at current price of 0.135, it's about a 7.5% yield)
3. Remainder will be to acquire new business. What business? No idea at this juncture.
4. Already a net cash company prior to the disposal
5. Net Asset per share expected to jump to RM 0.23 after the disposal. Of which net cash is expected to be around RM 71mil. NOSH is currently 449mil. 
6. Current market cap is RM 60mil.
7. SPA has already turned unconditional as of 22 March, with the special dividend expected to be declared within 2 months of the unconditional date. 
8. Assuming the company is valued at net cash alone, the fair value after disposal could be around RM 0.155.  
9. Worth noting is that they do already have an existing business with its own assets.

How much should they be valued at? That's up for your further reading. Good luck!