Market Float: 980 million shares ( after the share swap on 20th April )
Assets in Hand: Several Magazine in hand eg Smart Investor
In the announcement via SGX, SBN has expressed 1)the possibility of returning SNMD shares to shareholders or 2) Diversivation of SNMD shares and return cash via special dividend to unlock shareholder's value.
Assumation:
1) Full return of shares to shareholders:
13 m / 980m = 0.01326
Or 13.26 shares of SNMD for every 1000 share Sun Business share held
On 21st April, SNMD was US$6.05. So ( 13.26 x 6.05 x 1.59 ) = S$127.60 will be return to shareholder. That's represent a 159% return based on closing price of S$0.08
2) Partial Return / Or diversivation
It will enhanced the asset of SBN, via cash or other form of assets.
3) Possible of a yearly Dividend policy
SBN also possess other assets, that is generating business. Plus the asset of SNMD it has, it is more than the current share price of SBN. As such, i will call for a buy for SBN, with a min target price of $0.15.
Soon Fong
Assets in Hand: Several Magazine in hand eg Smart Investor
In the announcement via SGX, SBN has expressed 1)the possibility of returning SNMD shares to shareholders or 2) Diversivation of SNMD shares and return cash via special dividend to unlock shareholder's value.
Assumation:
1) Full return of shares to shareholders:
13 m / 980m = 0.01326
Or 13.26 shares of SNMD for every 1000 share Sun Business share held
On 21st April, SNMD was US$6.05. So ( 13.26 x 6.05 x 1.59 ) = S$127.60 will be return to shareholder. That's represent a 159% return based on closing price of S$0.08
2) Partial Return / Or diversivation
It will enhanced the asset of SBN, via cash or other form of assets.
3) Possible of a yearly Dividend policy
SBN also possess other assets, that is generating business. Plus the asset of SNMD it has, it is more than the current share price of SBN. As such, i will call for a buy for SBN, with a min target price of $0.15.
Soon Fong
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