Shares & Derivatives
Dyna-Mac stock
By Singapore Stocks Investing (SSI)  •  May 7, 2014
Dyna-Mac stock went “XD” today (6 May 14) with a distribution of two-cents per share. Based on Dyna-Mac’s closing price on 5 May 14 of 40.5 cents, this dividend works out to around 4.9% and I have bought Dyna-Mac stock below 40-cents. I observe that Dyna-Mac stock price seems to be hovering around 39-cents when it then went as high to 41.5-cents on speculation (in my thinking) that it may be a possible target for privatisation by Temasek Holdings as the latter has a stake of around 24% in Dyna-Mac. Desmond Lim, the founder of Dyna-Mac holds another stake of 40% in Dyna-Mac and the public holds around 34% of the shareholdings. Hence the speculation of privatisation of Dyna-Mac has really got to do with Temasek and the founder holding a combined significant portfolio of 64% in Dyna-Mac, rather than the comparison of NAV vs price. In ......
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By Singapore Stocks Investing (SSI)
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