RespInvstr
03 Apr 2017
Re: Wow! Do you expect a big sell off when this goes ex-div later this month?
Krayl
03 Apr 2017
Wow! We are getting 106p special dividend in addition to the 23p already announced, and it looks like there will still be considerable value left in the company as it will hold all the China property. There is probably enough information in the announcement to work out the residual value, but I haven't managed to do that yet.I am going to get caught with the new dividend tax, but I am not complaining!
Krayl
20 Mar 2017
Re: Dividend 23p dividend and StockMarketWire's headline is 'Asian Growth Properties profits fall'. Perhaps that is why the price hasn't risen as much as expected. I was able to top up at 60p this morning, which is effectively at 37p, which can't be bad.The net cash is £660M of which £204M is being paid out in dividends, 97% of that to the owners. Last year they took out about £150M and it wouldn't be surprising if they took out another big chunk next year.
Krayl
17 Mar 2017
Dividend The company has announced a dividend of HK$2.25 to be paid on April 13th, ex-div March 30th. Google converts that to 23p. Not a bad return!If you look at just the headline of the Annual Report you might think they were in trouble as profits are well down on last year - but that was due to the exceptional property sale profit last year. The NAV per share has actually increased from 139p to 150p and they have a phenomenal amount of cash.Sometime soon people are going discover this company, but I hope I get a chance to increase my stake further first.
Krayl
02 Aug 2016
Re: Difficult to buy Was easier to buy today. I could get a 'quote and buy' for up 4k pound's worth, which I did twice at 42p.This is basically a private company with the owners holding 97%, and they have decided to put a few shares for sale to make it officially public. They are currently getting their profits out by paying dividends and seem content to let the share price stay low. I am happy with the dividends and will be really happy if they decide to let the share price go to its true value.
danbrown83
24 Mar 2016
Re: Difficult to buy I think with the Dividend and Sale confirmation expected so close together - we could see a huge Rise to represent, nothing better for a PI to see £700m cash go into the company and also if they hold a few days a 17p dividend - nice profit if you buy at right timewe could see circa £1 that week, dropping back to 50p after the dividendPersonally, i am going to load up a week or two before (before Sale News) - probably Friday 20th May - before the real increase and have a nice gain - i will then hopefully try and average down thereafter and retain free shares for the Long Term - going to use the new Life ISA though as i want to hold here and woodford fund for a long time - not just trade like most of my shares
Krayl
22 Mar 2016
Re: Difficult to buy Think you are right Dan - if we get 17p one day, the SP wil drop by 17p the next.
barno99
21 Mar 2016
Current value to book worth.. Crazy! So with the close today at 49p that gives AGP a current valuation of only £429 million.The company made £1.2billion for shareholders last year, and another £700 plus million with the current deal on the table so far this year with more raps to come and possibly more dividends.Surely there cannot be another share in the market at such a crazy price..What a company !! That Management are absolutely amazing!
danbrown83
21 Mar 2016
Re: Difficult to buy I only bought here 3rd March at 42p (5953 shares only) - personally i think this is my best small buy and will make me the most money per pound invested over the long termWith the Dividend of circa 17p (depending on HK - £ rate) and all the assets and potential developments in the forthcoming years, hopefully see a few dividend payments next few years.Expect WC 23rd May to be huge with sale of Lah Dinga and the dividend payment.I also expect a lot of sales come Monday 30th May unfortunately
barno99
21 Mar 2016
Re: Difficult to buy Going to £1 easily from here ..Incredibly undervalued company.Shares hard to come by and supreme dividend and prospects.
Krayl
21 Mar 2016
Difficult to buy I see someone managed to get in and buy at 38p at 08
0 this morning. I tried to, but Barclays was not quoting a price. They didn't do the trade until around 9am and I had to pay 49p, but that still should be a good price. Eventually the market should wake up to the true value.I have been waiting a long time - my initial holding is at 33p from 2010.
barno99
19 Mar 2016
Special Dividend details... Special Dividend The Board has declared a special cash dividend of HK$1.9 per ordinary share for the year ended 31 December 2015 to shareholders of the Company whose names appear on the register of members of the Company at the close of business on Friday, 27 May 2016. The relevantdividend warrants are expected to be dispatched on or before Friday, 10 June 2016. Dividend payments will be converted to Pound Sterling at the spot rates sourced from the Hong Kong Association of Banks on the ex-dividend date (i.e. Thursday, 26 May 2016) and paid to the shareholders on the payment date. Shareholders who elect to receive the special dividend in Hong Kong Dollars should notify the Company in writing at least 5 business days prior to the payment date.BOOM ON MONDAY!!!!!
barno99
19 Mar 2016
17P dividend in June 1.9HKD Thats almost 50% of the current share valuation price.. WOW!!!!
barno99
19 Mar 2016
Nice fat dividend coming our way.. 18 March 2016 Asian Growth Properties Limited Results for the year ended 31 December 2015 Asian Growth Properties Limited (the "Company"
(AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces its audited consolidated results for the year ended 31 December 2015 as follows: Financial Highlights n Profit attributable to the Company's shareholders of HK$1,336.7 million (£116.4 million) (2014: HK$703.1 million (£58.3 million)).n Profit attributable to the Company's shareholders (excluding revaluation surplus net of deferred tax) was HK$355.9 million (£31.0 million) (2014: HK$102.8 million (£8.5 million)). The increment was a result of a realized gain of HK$431.8 million (£37.6 million) on the sale of the Fo Tan project after netting off of the increase of HK$163.3 million (£14.2 million) in management fee paid to South-East Asia Investment And Agency Company, Limited ("SEAI", a wholly-owned subsidiary of S E A Holdings Limited (the holding company of the Company), pursuant to a cost sharing agreement made between the Company, its various subsidiaries and SEAI in 2014 for the use of SEAI's personnel and facilities on a cost-sharing basis for the Company to carrying its business activities. The increase in the said management fee is mainly due to the rise in SEAI's employee benefits during the year under review. n Earnings per share for profit attributable to the Company's shareholders of HK150.8 cents (13.1 pence) (2014: HK79.3 cents (6.6 pence)).n Net asset value per share attributable to the Company's shareholders as at 31 December 2015 of HK$16.0 (139.3 pence) (31 December 2014: HK$14.8 (122.7 pence)).n Geographical location of the Group's property assets were as follows:31 December 201531 December 2014Hong Kong HK$10,298.3 million (£896.7 million)HK$10,177.4 million (£843.7 million)Mainland ChinaHK$4,534.2 million (£394.9 million)HK$4,635.7 million (£384.3 million)Total HK$14,832.5 million (£1,291.6 million)HK$14,813.1 million (£1,228.0 million)n Gearing ratio of 2.3% (31 December 2014: 9.3%).n The Board has declared a special cash dividend of HK$1.9 per ordinary share to the shareholders of the Company, payable on Friday, 10 June 2016 on the share register on Friday, 27 May 2016.Huge buy going forward, just check the financial results out. WOW!!!
barno99
16 Mar 2016
Nice profit coming soon.. ‘‘AGP Group’’ AGP and its subsidiaries;‘‘AIM Rules’’ the AIM Rules for Companies published by The London StockExchange plc;‘‘Bank’’ The Hongkong and Shanghai Banking Corporation Limited;‘‘Bank Loan’’ bank loan facilities of up to HK$2,381 million (approximately£220 million) granted by the Bank to Wing Siu and theoutstanding amount of the principal sum and any interestaccrued thereon;‘‘Board’’ the board of Directors;‘‘Business Day’’ a day, other than a public holiday, Saturday or Sunday, onwhich licensed banks are open in Hong Kong to the generalpublic for business;‘‘Capex Amount’’ the sum of HK$80 million (approximately £7.4 million)payable by the Purchaser to the Vendor as compensation forcapital and other expenditure for and in connection with theProperty and furniture, furnishings, fixtures, fittings,decorations and equipment relating thereto and which is notreflected in the Consideration;‘‘Completion’’ completion of the Disposal pursuant to the Sale Agreement;‘‘Consideration’’ the total consideration in the sum of HK$10,000 million(approximately £926 million) payable by the Purchaser to theVendor for the Disposal under the Sale Agreement (subject toadjustments by reference to the net asset value of the TargetGroup (excluding the value of Property, the Bank Loan anddeferred tax liabilities) as at Completion in accordance withthe terms of the Sale Agreement);‘‘Depositary Interests’’ depositary interests representing Ordinary Shares;‘‘Director(s)’’ the director(s) of the Company;
