Paramon -- update after 40 cent special dividend !!

Copy & paste from forum....

In fact, the announcement of 40 cents dividend could well be the first of many goodies that we could hope to receive.

First, Paramount might consider returning the balance proceeds estimated at another 60 cents per share to the shareholders in the event that there is no land acquisitions in sight within the next 6 months. This is the assurance given by Dato' CQ Teo, Executive Chairman of Paramount, made during the EGM.

Second, there could be plans to give out bonus issue in an effort to boost the liquidity of its shares, which could take place as early as next year.

Third, they are already in the midst of working out a strategic plan, which involve the future listing of their education business after its KDU College has recently received approval from MOHE to upgrade to University College status, hence further enhancing the value of Paramoung shares.
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according to egm, if they dont find suitable land for property development, will pay out further 60sen in special div(from jerneh sales).

year end soon, another 30sen dividend possible!
and the valuation for their business is still low!!! so there is still value at current price. plus next year their international school is up! plus they just got university status.

plus according to dato a bonus issue might b coming soon!
so next year lots of development too in property arm, where this year super profits!!!

So, there could be more upside to the current market price if we can hold the stock long enough to reap its benefits.

保险的业务，已经获得ACE开出的价钱是6亿5400万收购澄心保险全部的股权，百乐园拥有20%的股权，所以，预计这项的脱售将会让百乐园获得1亿3080万，把公司的现金水平提高到3亿6244万，这相等于每股现金RM3.20。

Low PE, plenty cash in hand, growing profit, having resilient education business (which usually trades at double digit PE). I think any drop in share price present good opportunity to accumulate