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Hi Kiwi, thanks for the Input I agree reference the Lawyer type wording. I think you are wrong about no Lump of cash it will be most interesting to see the revised NAV and figures once reorganized also those China assets taking in rent are a great start to the new property empire. Lets hope the liquidity does improve as they would like.. Take care and Best Luck and health to you..( pss take a hard look at TECH wink )
This is worth a ISA Lump if wondering where to Invest. Read the input below. Lincoln Lu will grow your Money tree for you IMHO Best luck all. Anyone have 20K to loan me I will return it in a year with 20% Ha Ha.. Peace.
My understanding is that the warning is for the current non-SEA shareholders in AGP (the shareholders in SEA don't directly own AGP shares unless the proposal goes through). The AGP board received a proposal from the major shareholder and needs to provide advice to the minority shareholders - standard takeover/restructuring rules. The board need to prepare an evaluation document for minority shareholders which will consider issues like whether the assets being paid instead of a cash dividend is a fair alternative. It looks to be (but may not have been if they tried to push the proposal through at BV not fair value for the HK Hotel). The document will almost certainly note that if the proposal isn't accepted, the share price is likely to revert to pre-offer levels. The specific tone of the letter could just reflect the legalistic nature of the lawyer who wrote the notice as its a CYA notice. It may also reflect an expectation of the AGP board that the share price should shift to only a small discount to NTA as new buyers get both a residual share with circa £0.48 of net assets and a £1.06 dividend. The share price increased but hasn't yet got to this level. It may also factually reflect that the post-reorganisation structure is quite a different company to the current one (no pile of cash, no hotel in HK and no London office building) but IMO the £1.06 and improved liquidity is a no-brainer trade-off.
Those warnings may be for the naive China SEA holders from whom they want the shares ? Now they may not want them playing around on the AIM Casino ?? The RNS is worth a good study by someone cleverer than I, Am still thinking all is well for the £1.06 SD once the meeting is out of the way and after the reorganization AGP will continue to thrive cash wise and hopefully with some confidence and renewed positivity in the share.
I've never seen a warning as prominent and as repeated as that before. I'm actually slightly worried now if I'm honest. "Shareholders and potential investors of the Company are advised to exercise extreme caution when dealing in the securities of the Company."
Maybe I can link the London stock Exchange link ? I thought it may have appeared above But it has not ? http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AGP/13184683.html
I linked as no red dot appeared above after 30 mins ? re-**************-offer. Peace and Best Luck all..
MMMM That is clear as mud. I presume the AGP Holders not in HK are still entitled to the special Dividend ? I am nearly sure they are ? A simple version needs to communicated does it not ? I am available to translate if they can explain it better to me ? Ha Good luck all.. http://www.investegate.co.uk/asian-growth-props--agp-/rns/further-re-**************-offer/201704051147416762B/
The NAV will obviously change with the reorganization although I was thinking even though the monster special dividend will come of the share price to begin with the actual new NAV may be still over the £ because the Dividend payment is arriving via SEA. I Think so anyway ? So peps could be well in ? Good luck.
I calculate NAV as £1.4345 per share on quick calculation (and using exchange rate of 0.10) Net Assets at 31/12/16 - £1,271 / shares in issue (886m) = £1.4345 per share
Net Asset Value is circa £1.56 Dividend £1.06 After Dividend - the value will be 50p in Assets (circa 22p cash) will be making cira £10m a year (on safe investments and sales) so say add 8p here anything under 40p would be a joke in my opinion, this share has been tarnished with a dodgy Chinese Company - we now know its actually been a gem - people who took the risk last year (i did hoping for the 17p DIVI) are been well rewarded and anyone buying in today should be well rewarded. As i see it - the £1.06 is guaranteed (97% BOD are going to agree) - so buying at £1.20 means 14p a share (cant go wrong)
you booking your tickets lol :)
The AGP Shares will go ex-dividend on Thursday, 27 April 2017 and the AGP Special Dividend will be paid on Wednesday, 10 May 2017.
Hi Philipc. Buy in Today you will qualify for the £1.06 if at the next meeting it is agreed which I presume it will be ? No notification of the dividend has as yet been released just the plan including this Dividend . As stated the rule with Dividends is that you have to have bought and hold before the XDividend date so at open on this XD date ( Not yet Notified ) you will be classed as the Dividend registered owner. You can sell on this XD Date fine you will still be Dividend qualified. On open on this XD date the Share price will reflect the Dividend price having been removed so at Today's 117.5p it theoretically would reduce to 11.5p Although sometimes buyers have already put orders in for XD open and the price may well reflect this ? Once the meeting takes place ( 21st April 9am UK Time ) and the Dividend dates notified the Share price may go up ? Wait awhile some may get cold feet before that date and the price could be cheaper ? From the Last Notification. NOTICE IS HEREBY GIVEN that a special general meeting (the “SGM”) of Asian Growth Properties Limited (the “Company”) will be held at the Board Room, 26th Floor, Dah Sing Financial Centre, 108 Gloucester Road, Wanchai, Hong Kong on Friday, 21 April 2017 at 4:00 p.m. (Hong Kong time) (9:00 a.m. London time) to consider and, if thought fit, pass the following ordinary resolutions: http://www.asiangrowth.com/html/press/AGP_Cir-31.03.2017.pdf
There should be some sort of limit on spreads. There should not be an almost 10% spread on a price. Crazy.
In theory the price should drop by the dividend amount on the XD date - if it drops to the NAV per share it should only drop to around 30p, but whether it will or not is open to debate.
New to investing, but am I missing the obvious here? Buy in at today's price, get the dividends, and unless the SP drops to under 15p its still going to be a profit? Why is the shareprice not skyrocketing? Or am I missing something? Appreciate any advice :).
Shame someone had to offload 37K yesterday or maybe not a shame if they had bought while lower and picked up on the last Dividend. This is actually a no brainer if you had lump to invest and I can see it doing well after reorganization and the monster special dividend of £1.06. We can only really guess at the new NAV ( My G 66p ) that will apply and with a bit more liquidity and more favorable write ups after recent events. This share along with the already successful HGM are actually shown to be champions of that so called doom list F40 and if you measured them against any of the the shares in the LSE you would struggle to find one better or equal. Bravo Lincoln and Lambert LU . Cmon lotto.. Best luck all.
cant use the link - but the main thing here is the NAV of circa £1.50 should be realised i cant see them dropping the SP to 9p after the Special £1.06 dividend - maybe somewhere in between (say 30p minimum) probably see some buying in the coming months here too
Well NS has finally cottoned on new article on SP today. Much has happened since I last looked at ************* AIM-China Filthy Forty play Asian Growth Properties (AGP). For a start, shareholders have seen some storming dividends announced – and paid – and this morning the company has announced proposals which will see a huge cash payment dished out. Having had a hunch that the Asian Growth story just might be true, as opposed to being too good to be true I was too much of a coward, my gaze caught by the glare from the Red Flags and I was left unconvinced. I got that badly wrong: that was at about 20p and chunky dividends later the shares have this morning raced 50% higher to 111p. I don’t like being wrong, but on this occasion I will make an exception as it is a delight to see one of the Filthy Forty show us all that not every AIM-China company is an automatic avoid as a likely fraud. Asian Growth had seen its share price being decimated along with all the other Filthy Forty stocks as it became clear that a whole raft of entities had found their way on to the Casino which should never have seen the light of day. With now 18 of the 40 having delisted either due to the Nomad walking and no potential replacement prepared to act, or from a failure to publish accounts as well as a further seven delisting – apparently in the best interests of shareholders - it is hardly surprising that the market had lost all confidence. As far as Asian Growth is concerned, the recent nadir was at just 13.5p in 2015. Since then the company has ponied up dividends well in excess of that and this morning’s news – a proposed disposal of property assets outside the People’s Republic of China and a special dividend of about 106p. Wow! - See more at: http://www.*************.com/views/28214/filthy-forty-startling-news-from-asian-growth-properties-as-shares-roof-it#sthash.sAy1zoPb.dpuf
i agree, it only hit my radar on sale last year tbh - the accounts looked great and i made a big punt for me, i sold most on ex divi date and received my dividend - i then kept a small holding - wish it was bigger, i would have made a years salary tax free on this if i kept my original amount
Two one that list are Stars AGP and HCM the only two with Panmore Gordon as Nomad/Broker. http://www.*************.com/views/28136/*************-aim-china-filthy-forty-update-unspeakable-in-pursuit-of-inedible-edition Hope to link is ok ? Best luck all.
Agree Dan I have told him that. He says he listed all the China stock as so many have been Frauds it is only right that one or two have done well. But in general most know to beware of China stock I just wish I had found this back in 2015 or before as from looking at website and honest reports it is a thriving Business making good £. 15p in 2015 Grrrrrrrrrrrr..
just looked at list - probably should be on there
his filthy 40 list: this is a share that was at 20p for most of its life until the sale last year it has provided a Dividend of 40p since then it is providing £1.06 now if its a filthy share that pays £1.46 in a year Dividend and retains circa a 50p NAV - i want to invest in all that list if thats what they are like