Second Chance   

good divident yield

If they annouce 3.3cts dividend in Oct 2012, another S$10K dividend for me ...  

 

nooooo..i sold at 365..one of the panic mongers ( SHOULD NOT read too much of nonsensical forum news!) and then bought back, after reading Mr Raj's mail... at 375...hahaha,....initially my first buy was at 38 ...so lost like anything. feel like vomit ..see stars...now haf to wait for dividends....

 

hi tea444u, just curious, you sold and bought back at the same price!

 

wow 1234567...I got the same reply too... also he advised me next time read properly   any reports....i lost about 3k this morning when i cut in panic.... then i read his mail, i bought back the same number of lots...gosh...lucky the one who bought from me this morning...hahaha

1234567      ( Date: 03-Aug-2012 18:59) Posted: I wrote to 2nd Chance about why no dividend was declared ? Here is their reply. Good News ... stay tuned ! From: Raj [mailto:raj@secondchance.com.sg] Sent: Friday, August 03, 2012 5:45 PM To:xxx xxxx xxx Subject: Fw: continuation of its high dividend policy   Dear Mr.xxx   As announced we intend to distribute the dividend a tax exempt (one tier) of 3.3 cents.   As our year-end has been changed to 31 Aug 2012 instead of 30 June 2012. We will be announcing the payment of this dividend when we release our Full Year accounts/results in October 2012.   Thank you.    Regards Raj

 

I wrote to 2nd Chance about why no dividend was declared ?

Here is their reply. Good News ... stay tuned !

From: Raj [mailto:raj@secondchance.com.sg]
Sent: Friday, August 03, 2012 5:45 PM
To:xxx xxxx xxx
Subject: Fw: continuation of its high dividend policy

 

Dear Mr.xxx

 

As announced we intend to distribute the dividend a tax exempt (one tier) of 3.3 cents.

 

As our year-end has been changed to 31 Aug 2012 instead of 30 June 2012. We will be announcing the payment of this dividend when we release our Full Year accounts/results in October 2012.

 

Thank you. 

 

Regards

Raj

 

http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/5FC933753075963C48257A4F00314FEF?opendocument

  Daily Share Buy-Back Notice by 2nd Chance

Date of Purchase: 3 Aug 2012

Total number of shares purchased: 3,512,000




 

 

thanks oldflyingfox.....i think they will make good their dividend guidance   as mentioned   ...likely coming later...you all go and dyodd..

oldflyingfox      ( Date: 03-Aug-2012 11:03) Posted: It means you may convert the warrant into the share by paying 40 cents each. For this particular warrant, you could do the convertion on the 4th & 5th year only. Of course, when the share price is above 40 cents, you may sell the warrant in the market for the different plus some premium any time. Therefore, when you buy the warrant in the open market, you have to work out the warrant buying price plus the 40 cents convertion price and the projection of the futher share price in 4 to 5 years later. Hope that helps. tea444u      ( Date: 03-Aug-2012 00:43) Posted: hi all  can anyone exlain/   if the ex price for the bonus warrants is 40 cents..does this mean that to convert to mother share , must pay whatever above the warrant px to make 40 cents ? then can convert to mother share? does this mean that mother share is expected to be ard that price then? thanks a lot for any help

 

this may be inaccurate...they changed their year end to 31 August instead of 31 June.... please check before you do anything with your shares.

 

No dividend was declared ! My guess is bonus warrants issued lately is considered as 'dividend'.

As for the lower profit, it is due to the following reason:

===============


Overview
The group net profit after tax decreased by $12.60 million to $17.46 million in FP 2012 from $30.06 million in FY 2011 mainly because of the fair valuation of properties done on 30 June 2011 in prior year which will be done this year on 31 August 2012 i.e. the new financial year-end.


  ===============

Hi oldflyingfox,

Just want to confirm with you. I can sell my bonus warrants anytime, right ?

 

 

It means you may convert the warrant into the share by paying 40 cents each. For this particular warrant, you could do the convertion on the 4th & 5th year only. Of course, when the share price is above 40 cents, you may sell the warrant in the market for the different plus some premium any time.

Therefore, when you buy the warrant in the open market, you have to work out the warrant buying price plus the 40 cents convertion price and the projection of the futher share price in 4 to 5 years later.

Hope that helps.

tea444u      ( Date: 03-Aug-2012 00:43) Posted: hi all  can anyone exlain/   if the ex price for the bonus warrants is 40 cents..does this mean that to convert to mother share , must pay whatever above the warrant px to make 40 cents ? then can convert to mother share? does this mean that mother share is expected to be ard that price then? thanks a lot for any help  1234567      ( Date: 04-Feb-2012 07:28) Posted: 1 for 1 Free Bonus Warrants The Company intends to undertake a proposed bonus issue of warrants. Details of which is released in a separate announcement. Following are the main points of this proposed issue. 1. To be issued free on the basis of One (1) Bonus Warrant for every One (1) share held. 2. As there are existing warrants that can be exercised into ordinary shares, the minimum number of bonus warrants to be issued is 550,511,040 and the maximum number is 700,184,239. 3. The validity of the bonus warrants is Five (5) years and may be exercised at any time during the fourth and fifth year. 4. The exercise price is S$0.40 and gross proceeds arising from the full exercise of the bonus warrants will be approximately S$220,204,416 to S$280,073,695 depending on the actual number of bonus warrants issued.

 

Disappointed. Bad Q4 might be the reasons.

 

nstcsg      ( Date: 03-Aug-2012 09:15) Posted: No dividend declared.

 

No dividend declared.

 

hi all 

can anyone exlain/

  if the ex price for the bonus warrants is 40 cents..does this mean that to convert to mother share , must pay whatever above the warrant px to make 40 cents ? then can convert to mother share? does this mean that mother share is expected to be ard that price then?

thanks a lot for any help 

1234567      ( Date: 04-Feb-2012 07:28) Posted: 1 for 1 Free Bonus Warrants The Company intends to undertake a proposed bonus issue of warrants. Details of which is released in a separate announcement. Following are the main points of this proposed issue. 1. To be issued free on the basis of One (1) Bonus Warrant for every One (1) share held. 2. As there are existing warrants that can be exercised into ordinary shares, the minimum number of bonus warrants to be issued is 550,511,040 and the maximum number is 700,184,239. 3. The validity of the bonus warrants is Five (5) years and may be exercised at any time during the fourth and fifth year. 4. The exercise price is S$0.40 and gross proceeds arising from the full exercise of the bonus warrants will be approximately S$220,204,416 to S$280,073,695 depending on the actual number of bonus warrants issued.

 

i c... the low volumes and the tight range can help support price a bit? plus the coy is making profits and is in gold retailing too....can comment? 

 

its difficult to get the top. but i think the top was already in @ .395. goodluck!

tea444u      ( Date: 02-Aug-2012 22:44) Posted: Hi Monk...can help ? do yu think the price can move above 40 soon?or what is the max u think it can move this time round? thanks   man... monk999      ( Date: 02-Aug-2012 22:26) Posted: be careful with this stock. any bounce is a chance to sell imo. very strong down moves coming. goodluck!

 

Hi Monk...can help ? do yu think the price can move above 40 soon?or what is the max u think it can move this time round? thanks   man...

monk999      ( Date: 02-Aug-2012 22:26) Posted: be careful with this stock. any bounce is a chance to sell imo. very strong down moves coming. goodluck!

 

be careful with this stock. any bounce is a chance to sell imo. very strong down moves coming. goodluck! 

 

i pm u with a query.

  thanks 

1234567      ( Date: 01-Aug-2012 09:30) Posted: sold your bonus warrants already ? tea444u      ( Date: 31-Jul-2012 21:26) Posted: coy has guided for 3.3 cents div...an 8.6 percent return on current price... rare   find... i feel and hope and pray ...still got two   to four cents to climb.....before xd .... now cd also haven appear ,maybe some public members not in the know yet....

 

Good luck. Market should be better for small caps for the next few months.  

tea444u      ( Date: 01-Aug-2012 23:24) Posted: good to hear that Bopanha... hope volume comes in soon... Bopanha      ( Date: 01-Aug-2012 22:52) Posted: Sorry, did not see the date. Thanks for pointing out.   I had some before but have sold them already. Some long way back, for some small profits.   Was thinking this share never lose me money,so might buy some again if I see some good volumes

 

good to hear that Bopanha... hope volume comes in soon...

Bopanha      ( Date: 01-Aug-2012 22:52) Posted: Sorry, did not see the date. Thanks for pointing out.   I had some before but have sold them already. Some long way back, for some small profits.   Was thinking this share never lose me money,so might buy some again if I see some good volumes. tea444u      ( Date: 01-Aug-2012 17:27) Posted: Bopan,no i think u din see the date of his posting? btw are you vested in second chance too??