PBBANK has just declared a distribution of share dividend of 1:68 and a 2nd interim dividend of 25%. All in all is about 1.47% + 2.06% = 3.5% of annual dividend yield. As mentioned in my previous post here, where i am expecting a share dividend as well for this quarter, true enough a share dividend is declared but of a smaller units by almost half (1:68) compare to previous (1:35).Lets work out the estimation :-
Total shares issued = 2,472,348,084
Total shares in treasury (estimated) = 93,211,433
Shares dividend of 1:68 = 2,472,348,084 / 68 = 36,358,060
Estimated balance shares in treasury (After 1:68 shares dividend)
= 93,211,433 – 36,358,060
= 56,853,373
WOW, there is still estimated about 56million shares in treasury for next round of distribution ??
Remember there will be another 10% shares buyback in my previous post here.
Another 247million shares to play with, which mean PBBANK will somehow work toward unit trust approach by giving distribution of share units every single year..?
Looks like they are going to make this as annual event. That indeed good news in the long run for long term player like me. “Laughing all the way to Bank huh”
10 comments:
Hi,
Treasury share is to be given out as share dividend? If a company is having 0 shares in Treasury share, then what would happen?
Swap REITs, sold UOAREITs at 1.31-1.32; bought ARREITs at 85sen
REITs stocks
1. BsdREITS 73%
2. UOAREITs 62%
3. ARREITs 41.5%
4. Quillcapital 40%
5. TowerREITs 25%
Trading stock
1. IGB 8.5%
Greenleaf
Company have to first buyback its own share from open market and keep them as treasury, which later can opt to declare as share-dividend.
If company doesn't buyback share at first, there will be no treasury share, company cannot declare share-dividend, but instead will opt to delcare cash-dividend.
horse
Congrat, really laughing all the way 2 D bank, well done!
ARREITs just declare second income distribution: 3.736sen, based on today cost of purchase: 85sen; yield is 4.4%
AMANAHRAYA REAL ESTATE INVESTMENT TRUST
Stock Name : ARREIT
Date Announced : 20/01/2010
EX-date : 03/02/2010
Entitlement date : 05/02/2010
Entitlement subject : Income Distribution
Entitlement description : Second Interim Income Distribution of 3.7360 sen per ARREIT unit for the period from 1 July 2009 to 31 December 2009
Have just bought Qcapita at 1.03.. :)
O.. I see.:) I thought if a company does not have treasury share, it will be taken over by other people. Hahaha...
How do you find out the total treasury share they have in the treasury? I find in my trading account, I can't find such data. :)
Greenleaf
You can assess information through Bursamalaysia: company treasury share is in their quarter financial result under balance sheet at equity/shareholder capital portion
Just bought back GENM at 2.90.
Thanks hng.
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