Unfortunately Co. does not have to make quarterly reports till 2009. But from its 2Q08 (30 Jun08) results and info on the Sale & Purchase document:

Cash at 30 Jun08.......$38.9m

Net Current Asset at 30 Jun08.......$59.8m => inventory & receivables more than covers payables and short term loans.

Net cash proceeds of sale of components division.....S$63.3

Total issued shares as at 30 Jun08.....514.2m

From the above, Co. may be sitting on approx 38.9+63.3 = $102m cash post sale.

This works out to be approx 19.9c per share.

After Cap Red, Co may still have approx 13.9 c per share in cash.

So, post Cap Red, 4c cost of share (assume purchased at 10c......less 6c cap red) is backed by almost 14c cash.

With this excess cash, if Co. declares another, say 8 to 10c div (or cap red), it will still be left with approx 6c to 4c per share for their continuing operations.....which is more than sufficient. 

Something to think about......caveat emptor. 

6 c Cap Reduction

xd 12 Dec 08

Payment 26 Dec 08

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D56EC916A67824BF4825750F002D9453/$file/BCDAnncfinal281108.PDF?openelement

ohm136,

Under the current mkt conditions, it is difficult to predict the 'fair' price for this or any other stocks. The eps, NAV etc info is found in my post of 26 June, and earlier, in this thread.

The company will be announcing their 1H08 results soon....before mid Aug....and from sideline 'casual' discussions after the EGM, the Co. officials seem pretty optimistic about their 'other' Peripheral business.

Also, bear in mind, the Component business will also be included (for the last time) in 1H08 result as the S&P was completed on 4 July.

The winding down of  their loss making Lifestyle business is almost complete and most of the 'provisions' were made in FY07....so this will not weigh too much on its 1H08 results.

The above and my other posts are what I know and can deduce. SJ members will have to do their own research make their own decision on the 'risks/rewards' of each investment.

As usual, caveat emptor applies.

Cheers

If you refer the the EGM notice, 

NAV @ 31 Dec 2007 is 13.4c.

NAV Post S&P is 19.2c

NAV post Cap distr is 13.5c....this does not take into account YTD eps (and NAV increase) for 2008.

Last traded price.....14.5c. With 6c cap distr, cost is 8.5c....a 37% disc from its post cap distr NAV.

Referring to the S&P notice dated 4 March 08, note that the completion period of the S&P is 4 month. i.e. the S&P has to be completed by 4 July.....about 1 week from today.

So, baring any unforeseen issues, the 6c cap reduction date will be announced shortly thereafter.