Focus on Lion Asia Pac
About LAP SP
Lion Asiapac Limited is an investment holding company.
Main business: Engages in the design-in and distribution of semiconductors and related components, limestone processing, and scrap metal trading activities in the People’s Republic of China, Malaysia, Singapore, the United States, India, Indonesia, and Thailand. The company also involves in the turnkey project management and sale of network products. In addition, it produces and supplies quicklime to the steel mills.
Highlights in March/April 2010
Cash S$ 190.174m and debt S$ 0.257m = net cash S$189.917 or S$0.467 per shr
NAV = S$0.5393
S$ 134m from disposal of automotive business in China (Anhui Jianghuai Automobile Co)
Dividend payouts: S$0.01 pr shr for past 3 yrs, S$0.05, S$0.007 and S$0.005 in 2006, 2005 and 2004
On 31 Mar - Price hit $0.45 on open and now $0.46 (27% up) on news of special $0.15/shr dividend.
Hightlights in June/July 2010
On 30 June 2010, firm proposes another $0.10 per share or (S$40.5mn) ex 13, payable 29 July 2010.
Cash pre both dividend is S$188.416mn or S$0.46 per share
Borrowings are at S$0.371mn
Share number is at 405.522704 mn x price of S$0.26 (close) = S$105.43 mn
After giving the latest dividend, firm will still have S$87.04mn or S$0.21
On 1 July 2010, Price rallied to S$0.330
Hightlights in June/July 2010
On 30 June 2010, firm proposes another $0.10 per share or (S$40.5mn) ex 13, payable 29 July 2010.
Cash pre both dividend is S$188.416mn or S$0.46 per share
Borrowings are at S$0.371mn
Share number is at 405.522704 mn x price of S$0.26 (close) = S$105.43 mn
After giving the latest dividend, firm will still have S$87.04mn or S$0.21
On 1 July 2010, Price rallied to S$0.330
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