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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.
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
A more detailed report from the German project would be nice before Results just something to catch some favorable attention. Best Luck all..
A Larger Buy. A few more would be helpful and off we go.
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.
Well to get 9.5M in Finance agreed it means belief from the lenders. Good News ?
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
RNS Suspension and Directors Resign.
due to the Company's limited liquidity in its shares and, in practical terms, a small free float and market capitalisation, continuing admission to trading on AIM no longer sufficiently provides the Company with the advantages of providing access to capital or enabling the Common Shares to be used to effect acquisitions. The Company intends to seek shareholders' approval of the Cancellation at its annual general meeting ("AGM"), expected to be held on 25 May 2017. Notice of the AGM will be posted to shareholders in the coming weeks which will set out (amongst other matters) further details of the Cancellation, the process to be followed and the effect on shareholders of the Cancellation. TWC3N, who following the Transaction hold 89.4% of the Company's issued share capital, is supportive of the Cancellation and therefore it is highly likely that the Cancellation will become effective shortly after the AGM. From Thursdays RNS..
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..
Whatever £1.06 almost Guaranteed 99.9%. Three Projects in China providing Income One project in China for sale Other undisclosed short term investments. A Chunk of cash ready for investment Dividends 2016 17p, 2017 23p and £1.06 Due ? Shares 886M ish. £1.40 easy. Will it interest many more probably not as still classed as a China stock. I have informed TW it doesn't deserve to be on his filthy 40 list although most of the others do.
Lincoln Lu will be the man for AGP Lambert Lu will guide SEA. Looking over the figures from when they started I think I know how these two if not already will be £ Billionares. This has been a money making machine I just wish I had a % to throw in as I can foresee a Sky Ride. Best Luck all..
Just browsing through the document's the two Main director Brothers are splitting apart the AGP company Aim from SEA Hong Kong Listed they have been joined in some ways with a duplication of some assets. When studying this last week I found it a little strange that some of the Building assets were assigned to both companies although the positive valuation sums still seemed to add up. Now AGP is transferring the Hotel and The newly acquired London building to SEA. They will be left with Three buildings in China and a further one which is up for Sale. I have mentioned before the eye watering figures. The china Properties will be worth £257M added to the other figures stated from 31/12/16 converted to £, Cash £596M Short term Investments £143M Bank Borrowings -£340M roughly added this equals £656M Take of the Dividends 23p - £204M so £452M with that taken ? ( £1.06 = £939M ) Presume this is from SEA so if I am somewhat right it will be very interesting to see the complicated figures after the reorganisation. At a guess Nav 50p so share price 30p after all completed ? as seems to always price well below NAV mmmm. ( Ha fag packet calculations )
MMM http://www.asiangrowth.com/html/press/AGP_Cir-31.03.2017.pdf
Posted on 31/3 wow. Missed This. 31 March 2017 Asian Growth Properties Limited (“AGP” or the “Company”) Proposed disposal of assets Fundamental change of business Related party transactions Special dividend and Notice of special general meeting The Company is pleased to announce today the proposed AGP Reorganisation, which includes: the entry into a conditional sale agreement with its majority shareholder SEA in relation to the sale of the Company’s Non-PRC Assets to SEA at an aggregate price of HK$8,913,354,000 (£913,637,286); and the AGP Special Dividend Payment to its Shareholders in the amount of HK$10.35 (£1.06) per AGP Share. In addition, SEA has conditionally agreed to the SEA Distribution in Specie of SEA’s shareholding in the Company to SEA Shareholders. A circular to AGP Shareholders will shortly be available on the Company’s website at http://www.asiangrowth.com/html/press/AGP%20announcement%20-%2031.03.17%20FINAL.pdf
Surprising start to Monday No News posted although we know NAV is @ £1.50
Tick Tick Tick. Get the shroud ready.
Ha It Flew for two Trades then stalled and crash landed once again. No Hope.
But is this Dog having a day ??