Is Dutaland still cheap after up by more than 59% from 39.5 sen to 63 sen now? (Calvin Tan Research)

Dear Friends,

Dutaland already up 59%! Time to be cautious? Yes, if you go short term punting as Bursa is filled with day traders and gamblers. But Calvin still think it has more room to go up on these reasons:

  1. A Cash Proceed of Rm750 millions will come in a month’s time. Since total paid up shares are 846,118,039 it tanslates to a 88.6 sen Cash windfall. That’s 21.6 sen more than current price of 67 sen today.

2. Some Cash will be deployed to complete the Grand Duta Hotel. Already 33 storey or more up. So less Cash will be needed. Will there be a surplus for a Cash Payout?

3. Why there is a POSSIBLE CASH PAYOUT?

Pm Corp did that & paid out 8 Sen Cash

RceCap did that and paid out 7.5 Sen Cash

So for no reason why go for Capital Exercise?

See

Company Announcements

MULTIPLE PROPOSALS DUTALAND BERHAD (“DUTALAND” OR “COMPANY”) (I) PROPOSED SHARE PREMIUM REDUCTION; (II) PROPOSED PAR VALUE REDUCTION; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)

DUTALAND BERHAD
Type Announcement
Subject MULTIPLE PROPOSALS
Description
DUTALAND BERHAD ("DUTALAND" OR "COMPANY")

(I)	PROPOSED SHARE PREMIUM REDUCTION; 

(II)	PROPOSED PAR VALUE REDUCTION; AND

(III)	PROPOSED M&A AMENDMENTS 

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 29 August 2016 in relation to the Proposals)

We refer to the announcements dated 29 August 2016, 26 October 2016, 25 November 2016 and 30 December 2016 in relation to the Proposals.

On behalf of the Board of DutaLand, Maybank IB wishes to announce that an office copy of the sealed order of the High Court of Malaya at Kuala Lumpur dated 30 December 2016, confirming the Proposed Share Premium Reduction and the Proposed Par Value Reduction had been lodged with the Registrar of Companies (“Lodgement”) on 5 January 2017.

Following the Lodgement, the Proposed Share Premium Reduction and the Proposed Par Value Reduction will take effect on 5 January 2017. Consequently, the Proposed M&A Amendments will also take effect on the same day.

The Proposals will not result in any adjustment to the share price of DutaLand or the number of ordinary shares held in DutaLand by the shareholders of the Company.

This Announcement is dated 5 January 2017.


Announcement Info

Company Name DUTALAND BERHAD
Stock Name DUTALND
Date Announced 05 Jan 2017
Category General Announcement for PLC
Reference Number GA1-05012017-00051
So Duta Yap has in mind to give a Cash Payout after Disposing Assets?
For that we must wait.
4. DUTA YAP’s Holding Cost for Dutaland shares ABOVE RM1.00!!
Even at 63 sen Dutaland’s Shares still cheap compared to Duta Yap’s Buying price at Rm1.05
See

[DUTALND] Change In Director’s Shareholding – DATO’ YAP YONG SEONG on 03-May-2007


Stock [DUTALND]: DUTALAND BHD
Announcement Date 03-May-2007

Director’s Particular:

Name DATO’ YAP YONG SEONG

Details of Changes:

Currency RM
Date of Change Type Number of Shares Price
18-Apr-2007 Acquired 7,320,793 1.000
18-Apr-2007 Acquired 20,000 1.000
04-Apr-2007 Acquired 248,571,429  1.050 
21-Mar-2007 Others 65,887,130 0.000
21-Mar-2007 Others 50,400 0.000
Nature of Interest Direct and Indirect
Shares Ordinary
Reason 1) The no. of securities change of 50,400 represents the difference in no. of shares held by Dato’ Yap Yong Seong before and after the capital reduction and consolidation. 2) Acquisition of 20,000 shares through a subscription of Rights with Warrants. 3) The no. of securities change of 65,887,130 represents the difference in no. of shares held by Duta Equities Sdn Bhd (“DESB”) before and after the capital reduction and consolidation of Mycom Berhad. Dato’ Yap Yong Seong is deemed interested by virtue of his spouse, sons and his shareholdings in DESB. 4) The acquisition of 7,320,793 shares by DESB through a subscription of Rights with Warrants. 5) Consideration shares received by Kenny Height Developments Sdn Bhd (“KHD”) under the Restructuring Scheme
Consideration Cash and otherwise than in cash

Total no of securities after change

Direct (units) 25,600
Direct (%) 0.00
Indirect (units) 263,213,015
Indirect (%) 46.62
Total (units) 263,238,615
Total (%) 46.62
Date of Notice 27-Apr-2007
On 4th April 2007 Duta Yap bought 248,571,429 Shares of Dutaland at Rm1.05
Securities after change was 263,238,615 shares
So  248,571,429 Shares of Dutaland means Duta Yap holding cost is Rm1.05 at 94.4% of his Total Cost
Less see how much if we take a 30% Discount off Rm1.05
So i.05 x .0.7 = 73.5 sen
Yess!
Anything below 73.5 sen we have a 30% margin of safety compared to Duta Yap
THIS IS IT!
Rgrards
Calvin
Further comments:
They say, “There is no smoke without fire”
Why go for Capital Reduction from Rm1.00 to 50 Sen Par Value? Why this exercise if it is done for no purpose?
Surely, there is.
No. 1 Dutaland share price has fallen to 50 sen from over Rm1.00. So reducing Par Value from Rm1.00 to 50 sen will enable to free up credit & wipe of losses. And Surplus Cash could then be given as “CASH PAY OUT”
This was what happened in Pm Corp.
Pm Corp racked up losses. Share price has fallen far below par value. So Pm Corp went into a Capital reduction exercise to wipe off past losses. And then Use Surplus CASH As a CASH PAYOUT
See

[PMCORP] Others on 29-Apr-2016


Stock [PMCORP]: PAN MALAYSIA CORPORATION BHD
Announcement Date 29-Apr-2016

Financial Year 30-Jun-2016
Subject Others
Type Capital Distribution
Description Capital distribution of RM0.08 for each ordinary share held in Pan Malaysia Corporation Berhad (“PMCB”) on the entitlement date (“Capital Distribution”)
Amount RM 0.0800
Ex Date 12-May-2016
Entitlement Date 16-May-2016
Payment Date 26-May-2016
NOW. Those who had followed Calvin in Pm Corp know that Pm Corp earns little from selling FMCG (fast moving consumer goods). Pm Corp got the Cash from Assets disposal (Spore Woodland factory, South USA Laura Ashley franchisee shares & others)
So this Pm Corp is an example for Dutaland.
All who followed Calvin buying Pm Corp at 15 sen on 20th September 2013
RECEIVED THIS 8 SEN CASH WINDFALL
NOW ALL WHO BOUGHT ON THAT HAPPY DAY AT 15 SEN ARE NOW HOLDING PM CORP AT 7 SEN ONLY.
See

Posted by calvintaneng > Sep 20, 2013 08:57 PM Report Abuse X

DEAR friends at PM CORP. You are looking at the Best Of The Very Best Counter in BURSA! Why? What Are The Reasons? Let me give you the following reasons? Reason No.1. PM CORP(4081) has net Cash of 18.5 cts per share. When you buy PM Corp you are buying now (20th September, 2013) for Only 15 cts a Share. A discount of 3.5 cts per share. A Great Buy.

Now when Calvin recommended Pm Corp at 15 Sen there were naysayers of those  days like Anbz, sang-jero, MrTigerShark, cherrytomato, HJey and other scorners who vehemently opposed Calvin. 

But by and by Pm Corp announced this Capital Exercise to prepare for CASH PAYOUT (Pm Corp has no core earnings from operations BUT FROM ASSETS DISPOSAL)

Company Announcements

MULTIPLE PROPOSALS PAN MALAYSIA CORPORATION BERHAD (“PMCB” OR “COMPANY’) (I) PAR VALUE REDUCTION; (II) SHARE PREMIUM REDUCTION; AND (III) CAPITAL DISTRIBUTION. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

PAN MALAYSIA CORPORATION BERHAD
Type Announcement
Subject MULTIPLE PROPOSALS
Description
PAN MALAYSIA CORPORATION BERHAD ("PMCB" OR "COMPANY')

(I)	PAR VALUE REDUCTION;
(II)	SHARE PREMIUM REDUCTION; AND
(III)	CAPITAL DISTRIBUTION.

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein)

Further to the announcement made on 16 May 2016 and on behalf of the Board, KAF IB wishes to announce that the Capital Distribution has been made to the entitled shareholders of PMCB on 26 May 2016. As such, the Proposals have been fully implemented and completed today.

This announcement is dated 26 May 2016.

Why Was This Done?

And Why Dutaland is Also Doing This Exercise?

NOW I GOT ANOTHER HAPPY GROUP OF JOHOR BUDDIES BUYING INTO RCECAP WHICH ALSO GAVE A CAPITAL REPAYMENT

See

Company Announcements

MULTIPLE PROPOSALS RCE CAPITAL BERHAD (“RCE”) (I) CAPITAL REPAYMENT; AND (II) SHARE CONSOLIDATION (COLLECTIVELY THE “PROPOSALS”)

RCE CAPITAL BERHAD
Type Announcement
Subject MULTIPLE PROPOSALS
Description
RCE CAPITAL BERHAD ("RCE")

(I)	CAPITAL REPAYMENT; AND
(II)	SHARE CONSOLIDATION

(COLLECTIVELY THE "PROPOSALS")

We refer to the announcements dated 5 November 2015, 25 November 2015, 8 December 2015, 14 January 2016, 15 January 2016, 7 March 2016, 5 April 2016, 11 April 2016, 25 April 2016 and 26 April 2016 in relation to the Proposals (“Announcements”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements.

On behalf of the Board of Directors of RCE, AmInvestment Bank Berhad wishes to announce that the Capital Repayment via eCash Payment and cheque was made to the entitled shareholders of RCE on 6 May 2016.

In view of the above, the Capital Repayment has been completed on 6 May 2016.

This announcement is dated 6 May 2016.

RceCap was 27 Sen when Calvin called for a buy

Posted by calvintaneng > Nov 4, 2016 02:25 PM Report Abuse X

Hi guys

Very happy for all here

Anyone followed Calvin’s call to buy RCECAP at 27 Cts?

That was the Chun Chun Call at only 27 cts when nobody wanted RceCap then

See Posted by calvintaneng > Jan 18, 2014 10:07 PM | Report Abuse X

TheOneZ,

Just follow Dato’ Hashim of AMBANK. When you see share buyback at 26.5 to 27.5 try to buy some around 27 cents. Now he is buying between 28.5 to 29.5. Try to get some lower than him at 28.5 cents.

I think buying behind Company share buyback is safe. Try to get some on weakness before it crosses 30 cents. Don’t chase over 50 cents when Edgedaily or Focus Magazine do a special write up on it.

Best Regards

calvintaneng
12479 posts
Posted by calvintaneng > Jan 18, 2014 10:09 PM | Report Abuse X

My target price for RCECAP is 50 Cents. For this year we have to set our sight lower. Better be safe. Anything giving us 10% to 20% should be considered good.

And RceCap gave A CASH PAYOUT OF 7.5 SEN

[RCECAP] Others on 11-Apr-2016


Stock [RCECAP]: RCE CAPITAL BHD
Announcement Date 11-Apr-2016

Financial Year 31-Mar-2017
Subject Others
Type Capital Repayment
Description Capital repayment of RM0.075 for each ordinary share of RM0.10 each in RCE Capital Berhad (“RCE”) (“Capital Repayment”)
Amount RM 0.0750
Ex Date 21-Apr-2016
Entitlement Date 25-Apr-2016
Payment Date 06-May-2016
After Capital Payment RceCap Consolidated 4 to 1
So about 20 Sen x 4 = 80 Sen
Then RceCap doubled to Rm1.60 for a 100% gain
See

Posted by calvintaneng > Feb 3, 2017 05:32 PM Report Abuse X

What a happy day!

RceCap finally hit 100% gain!

And on February 3rd 2017 Calvin was happy to post the above  – 100% gain in RceCap (Rm1.60)

And at that price many started chasing (it was then too late!!)

FOR DUTALAND THESE ARE STILL AHEAD

1) RM750 MILLIONS CASH (88.6 SEN) FROM BPLANT

2) A CAPITAL PAYOUT

3) DUTALAND SHARE PRICE TARGETED TO RISE BACK TO RM1.00 AND ABOVE

AFTER THAT HOW FAR UP IT WILL GO.

NOW IT IS MARKET FUNDAMENTAL THAT MOVE DUTALAND UP

LATER (MUCH LATER) MASS PSYCHOLOGY WILL TAKE OVER!!

SO IT WILL BE MARKET FUNDAMENTAL VERSUS MASS PSYCHOLOGY!!

FOR CALVIN TAN RESEARCH IT IS AND IT MUST BE

“MARKET FUNDAMENTAL!!”

Warmest Regards

Calvin