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IGB (1597) : IGB CORPORATION BERHAD
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
25 Jul 2012, 01:38 PMPost #1
Hi
According to a recent announcement to Bursa, IGB has allocated 201m units IGB REIT ("Reserved Units")for sale to IGB s/holders besides directors & employees of IGB. Anyone able to provide any further details? Next 2Q announcement will be in late August 2012 - besides an interim dividend I also anticipate a dividend in specie. This is becos IGB has been very agressive in share buyback in the last few weekssmile
thequestion
Member Star
Posts: 1
Joined: Aug 2012
Male, MYS
01 Aug 2012, 02:42 PMPost #2
Hi
According to a recent announcement to Bursa, IGB has allocated 201m units IGB REIT ("Rese...Erik @ 25 Jul 2012, 01:38 PM


Hi,

I am wondering too..what IGB s/holder will get when IGB reits listed?Thanks ya..
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
01 Aug 2012, 03:16 PMPost #3


Hi,

I am wondering too..what IGB s/holder will get when IGB reits listed?Thanks ya..thequestion @ 01 Aug 2012, 02:42 PM

Hi
I reckon the Co will issue blue forms to IGB shareholders to subscribe for their IGB REITs, the details of which will be announced in due course. The blue forms will be something like what MISC shareholders got for the MHB listing last year. So you think it's worthwhile to stock up some IGB shares?
Francisleong
Member Star
Posts: 56
Joined: Jul 2012
Male, MYS
31 Aug 2012, 08:54 AMPost #4
Hi
According to a recent announcement to Bursa, IGB has allocated 201m units IGB REIT ("Rese...Erik @ 25 Jul 2012, 01:38 PM

Talking about blue forms. Is it d same as d pink forms dat we get for which v are guarranteed succeess in our application. Are v expecting 10% dividend in Sept? Base on last year payment of 10% on 30.9.2012.
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
31 Aug 2012, 10:20 AMPost #5

Talking about blue forms. Is it d same as d pink forms dat we get for which v are guarranteed s...Francisleong @ 31 Aug 2012, 08:54 AM

Hi Francis,

If you have purchsed IGB before 15/8/2012 (ex-date) you will be entitled to purchase 80 IGB REIT units for every 1000 IGB shares you held prior to ex-date at the retail price not exceeding RM1.25/unit.

Yes, the offer from IGB will come to you in a subscription form in whatever colour blue/pink/white. I think I will post it here as soon as I receive the subscription form.

From the Bursa announcement, it appears that IGB has waived the 10% dividend payment in their 2Q announcement. However, I believe the Co would most likely pay shareholders an expected first & final dividend of 15% in March 2013 in conjunction with its full year's announcement expected to be on Feb 2013.

Keep your fingers crossed for a special dividend and a dividend-in-specie distribution because the Co is still aggresively buying back its own shares. Cheerio.
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
04 Sep 2012, 04:51 PMPost #6
Hi

The closing date for the IGB REIT units by eligible IGB shareholders is today (4 Sept) at 5pm. I have just received my blue subscription form/Prospectus by ordinary post today at about 1pm. I managed to complete the Form and delivered by hand to Symphony on time, but buying the Banker's Draft was a real hassle sweat
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
05 Sep 2012, 05:32 PMPost #7
The closing date for the IGB REIT application under the Reserved Units by eligible IGB shareholders (Blue Forms) has been extended to 5.00 pm on 6 September 2012.

This is because there was delay in the despatch of the offer documents and Prospectus by the Registrar to the Co's shareholders.
Francisleong
Member Star
Posts: 56
Joined: Jul 2012
Male, MYS
06 Sep 2012, 01:41 PMPost #8
Hoping for spec dividend next year or dividend in specie. Market is down today - 23 points.
Erik
Member Star
Posts: 28
Joined: Jul 2012
Male, MYS
29 Nov 2013, 07:29 PMPost #9
"Who knows better about the company than the directors who initiate the buy-back themselves?"
With one stroke of a pen IGB has on 29/11/2013 cancelled almost 125.5 million of its treasury shares. On the same date the company buys back 385,500 of its own shares to be retained as treasury shares.
At last the BIG question is answered what the company intends to do with their 125.5m treasury shares, close to 9.6% of its paid up capital.
As a result shareholders' hope of receiving distribution of dividend in specie, for the time being, is dashed.
Nevertheless, shareholders are rewarded with an interim dividend of 5sen L.Tax/share on the coming Xmas eve.
In any event, it is a piece of good news - the share price is stabilised (despite EPF continually dumping IGB shares) and its eps is enhanced.

IVKLSE
Member Star
Posts: 172
Joined: Aug 2015
Male, MYS
01 Nov 2015, 04:11 PMPost #10
I had review IGB annual report 2014

http://ivkls.blogspot.my/2015/11/stock-review-igb1597.html

Kindly review and give comment.
IVKLSE
Member Star
Posts: 172
Joined: Aug 2015
Male, MYS
03 Jan 2016, 09:10 PMPost #11
I had make a summary of my stock reviews in 2015.

http://ivkls.blogspot.my/p/ivkls-annual-report-2015.html

Kindly review and give comment.
1

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