SUTL Enterprise    Last:0.7   -

4Cents divident declared 50% yield!!!

when will they pay out the dividends??

 

Correction:

Should be now buying more lots

 

Richman      ( Date: 26-Mar-2010 14:40) Posted: This stock is not to be missed I collected 8K of dividend last year Not buying more lots

 

This stock is not to be missed

I collected 8K of dividend last year

Not buying more lots

 

aiya u tell the story ..now everyone know..cannot buy on the cheap..

 

In 2008, Co. sold a part of their business (Component division) to Arrow of USA for USD 51.5m (approx SGD14.4 c per share).

In end 2008 it declared a capital reduction of 6c and in 2009 it declared an interim divident of 4c.

As of 2009YE, it still has about SGD40m (7.55c per share) in cash. Plenty of cash to fund a generous divident.

Unlisted SUTL (Arthur Tay) took a 25% stake in the Co. at a price of 12.5c in Dec 2009. Since then, 3 members of SUTL have taken seats on Achieva's board....with 2 Achieva directors stepping down and the current CEO will be replaced by Arthur Tay by end April........  something is certainly brewing.

See attached for SUTL business.

http://www.sutl.com.sg/_media/SUTLbrochure.pdf

 

yummygd      ( Date: 26-Mar-2010 09:56) Posted: how r they funding the dividends??They sold some buildings or somethin or they make it by pure operational profits??

 

chiong action 2nd half?

 

how r they funding the dividends??They sold some buildings or somethin or they make it by pure operational profits??

 

i bought more.. :)

 

Liquid trading trap, I am not vested at all!

ozone2002      ( Date: 26-Mar-2010 09:23) Posted: top vol today? arthur tay making announcement soon?

 

is it a TRAP?

is it a SCAM?

it it a CHARITY? 

 

top vol today?

arthur tay making announcement soon?

 

 the previous time acheiva gave divident at 2001, it was followed by the next divident only at 2008. Nt sure if there is divident this year?

http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/corporate_action

 

Will it be better by jun 2010 ?

 

Whilst 4Q 09 results not that great with no divident declared,

 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D056F87D3EF35EFF482576CF00368DF2/$file/SGX4Q09.pdf?openelement

today's announcement of board changes is an indication of the new shareholders tightening their grip to control the company.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BC30B3819A537A99482576D20008E772/$file/changes.pdf?openelement

 

 

Patiently waiting. May accumulate another round.

 

I thot the best time is the worst time and the worst time is the best time.  I think of buying at 9.5 cents don't know can get or not. as the queue is too large. Might buy at 10 cents. What is your thinking?

 

Agree. If you really want to pick up some stocks, buy Blue Chips stocks.

 

 

no idea about the dividend, but I think it's gg bust looking at the rate the price is shooting down, buy penny at this time? u must be kidding me..

 

Woa, a few more days to CNY. Wish everyone GONG XI FACAI from LL. Stock market bottoms again, so this new year good for cherry picking?.  At least we can have an "Nian Nian You Yu" since this will give us more extra fish meat, because Achieva is back to nearly 8 cents. 

Lets give it a 10% premium for it being such a good boy to us last year.  We begin picking now shall we? 

How's that Vic, ok ?

Cheers.

 

Now is time to accumulate. If you wait till SUTL announces their business plan, it may be too late.

Put it this way, SUTL got in at 12.5c. Is it their intention to let the mkt price to remain at this level or less? as has been the case since the announcement of the married deal.

I don't expect any announcement before FY09 results announcement....probably towards end Feb.

Caveat emptor