|Inch Kenneth Kajang Rubber
||EPS - Basic
||Market Cap (m)
|Construction & Materials
Inch Kenneth Kajang Rubber Share Discussion Threads
Showing 51 to 71 of 75 messages
|If you're on the UK register, it may be the dividend funds from Malaysia to the UK registrar were delayed.
If you are on the overseas register, it may just be mailing delays and/or TDW's back office having to cash a foreign currency dividend cheque.
Either way, with the shares having almost trebled and the company back on the dividend list, there's nothing to worry about -apart from the quality of back office staff thesedays !|
|Interim dividend was supposed to be paid on 25th March Nothing has arrived in TDW account|
|Large buy-backs of IKK shares at 17p being reported on the RNS system over New Year.
Why the sudden desire of the company to buy-in ?|
|Am I missing something here ?
The London price has beem stuck at 7p all year whilst the price on the main overseas market seems to have moved a wee bit:
The "historical price" link shows that 90 million have traded recently.
Can one short in one market and buy in the other ?|
|Can anyone tell me the UK asset value of Inch Kenneth's overseas assets, or should I say the "Scottish" asset value given that it is still registered north of the border ?|
|Now the 22 Feb RNS was a mistake: RM 41 not RM 47.
Good job nobody ever deals in this stock.|
|According to the Q3 numbers, the NAV was 12p per share.
Now they've just announced a property revaluation which appears to add 7.4p to the NAV - "This will result in the Company having an additional Revaluation Reserve of RM196,350,000 (RM0.47 per share).
So are we to take the NAV as 19.4p? (And it's all tangible.)
I see the quote is 9p (mid) but you rarely get both a bid and an offer on the ADVFN quote page, and there never seem to be any trades.
Also, no website, zero transparency, etc.|
|Yes - they're coming in thick and fast now!
This 70% spread may be proving a slight deterrent to buyers though.|
|Well how about a 50% increase in posts|
|I Think this BB should be nominated for the quietest BB on ADVFN.|
|Looking a bit more, I think this would be a decent investment at 12.5p if the spread weren't 5p-20p!
Maybe the huge increase in number of shares in issue will improve liquidity?
Net tangible assets are ~12p.
The 15sen earnings per share referred to in the article is ~2p. So a P/E of ~6 at mid-price.
Here's an article which I found interesting:
Tuesday June 29, 2004
Inch Kenneth plans 50-for-1 bonus
By Yvonne Chong
INCH Kenneth Kajang Rubber plc has proposed a 50-for-1 bonus issue, the largest bonus offered by a listed company in Malaysia, and perhaps the region.
The proposed exercise will enlarge the company's current paid-up capital from RM4.45mil, comprising a mere 8.25 million shares of 10 pence each, to RM287.3mil comprising 420.75mil shares. This will more than meet the minimum paid-up capital of RM60mil required by the Securities Commission (SC) for companies listed on the main board of Bursa Malaysia.
Inch Kenneth's par value is in pence as it is a company registered in Britain. Its shares are listed on the stock exchanges of London, Malaysia and Singapore. Inch Kenneth investment development manager Hussain Ahmad Abdul Kader said in Kuala Lumpur yesterday the company's assets could support the enlarged share base and provide dividends in the near future.
He said although the bonus exercise would absorb almost 80% of the company's reserves, it would be able to recoup these reserves within three years.
Inch Kenneth has two large pieces of land with development potential in Selangor, which it can develop or sell for cash. Alternatively, they can be used in a share swap exercise to acquire new assets or business.
Inch Kenneth has zero borrowings. That will make it easier to realise the potential of its property assets.
"We expect our pre-tax profit to hit RM60mil within the next three years. The profit will be generated through property development and tourism. We expect earnings per share to be 15 sen by then. And by 2008 or 2009, plantations will again be our main revenue contributor," Hussain said.
In Kajang, Inch Kenneth has 346.6 acres of land which it expects to start developing by the end of this year. The gross development value of the project, which will take eight to 10 years to complete, is expected to be in the region of RM1.2bil.
The company also has 601.6 acres of land close to Bangi. It will soon be submitting plans to convert the land.
"We aim to develop the Kajang land either on our own or with a reputable developer. As for the Bangi land, we may sell it if the offer is attractive. We will then use the proceeds to acquire land banks in Sabah and Sarawak for our plantation business," Hussain said.
Inch Kenneth aims to further expand its tourism business. It expects higher revenue from its Perhentian Island Resort and aims to acquire other eco-tourism resorts or hotels, or hotels that have synergy with its current business module, locally or in neighbouring countries such as Thailand and Indonesia.
The company also has stakes of 17.4% in FA Peninsular Bhd (FAP) and 13.4% in Concrete Engineering Products Bhd (Cepco). In turn, FAP and Cepco have shareholdings of 10.6% and almost 3%, respectively, in Inch Kenneth. Given the surge in Inch Kenneth's value, it is not surprising that FAP rose 35 sen to RM1.63 and Cepco 21 sen to RM2.07.
Inch Kenneth, which was suspended yesterday, will resume trading today.
|this company should be booted out of aim, its a private wheelers and dealers club that uses legal advantage's as a public company for which in esence is not at all public, look at the history.|
|No, but I did read through the recent RNS history:
50-for-1 bonus issue dated 14 June.
So the charts and prices should be adjusted accordingly.
Hence I didn't bother.
The spread is around 10p-35p.
Haven't studied the figures, but they've no debt and do tourism as well as plantations.|
|.....did or could you get any??????|
|What in the name of fak is this........why.....who....where....when....????
......it must be the 50 for 1 going through.........its got a wider spread then she had last night!!!!!!!!!!!!!!!|
|this stock only usses AIM as its Laundry basket|
|Check out OMG (www.omg3d.com / www.vicon.com)
With world class products, new markets opening up and cash available for further acquisitions, we expect OMG's turnover to increase dramatically in the next twelve months. Our fair value price targets for OMG are:
July 2005 : 52p (market cap. £28 million) + 116% on current level
July 2006 : 91p (market cap. £49 million) + 279% on current level
Current Price : 24p (market cap. £13 million)
Siggraph event starting Monday 9th August will generate significant sales for new MX system|
|Not a lot. No trades, and hey, bit of a spread what?|
|Well today's rise was certainly sudden. Anyone know what's happening?|
|posts 6 surely must be before post 5??????/ (my post)