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Billy Sir,Good morning.My calculation is :113.HK's "Bank Balances & Cash" should be approx. HK$7/share after selling the US stock because:Sales proceed = HK$1.15B, of which realised profit = HK$0.929BAnd total number of issued shares of 113.HK is 0.3942B. So, from the sales proceed, 1 share 113.HK released "cash":1.15B/03942B = HK$2.9173/cash per share At 30Sep2019, 113.HK had "Bank Balances & Cash" approx. HK$4.20/share(already net of all bank borrowings),So, HK$4.20 + HK$2.92 - HK$0.08(interim dividend paid)= HK$7.04/cash per share And as such, 113.HK's NAV should be updated to HK$8.50/share.Conclusion: Sir Poon(Chairman of 113.HK) is quite smart! ^_^
Thanks
Billy Sir,
回覆刪除Good morning.
My calculation is :
113.HK's "Bank Balances & Cash" should be approx. HK$7/share after selling the US stock because:
Sales proceed = HK$1.15B, of which realised profit = HK$0.929B
And total number of issued shares of 113.HK is 0.3942B.
So, from the sales proceed, 1 share 113.HK released "cash":
1.15B/03942B = HK$2.9173/cash per share
At 30Sep2019, 113.HK had "Bank Balances & Cash" approx. HK$4.20/share(already net of all bank borrowings),
So, HK$4.20 + HK$2.92 - HK$0.08(interim dividend paid)
= HK$7.04/cash per share
And as such, 113.HK's NAV should be updated to HK$8.50/share.
Conclusion: Sir Poon(Chairman of 113.HK) is quite smart!
^_^
Thanks
刪除