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DeClout Limited - Initiating coverage(Image)

DeClout Limited - Initiating coverage

Shocking S$50m Windfall (If Spin Off Succeeds)

We see DeClout as an exciting high return/high risk investment opportunity. DeClout is seeking the approval of its shareholders to list its subsidiary Procurri and in the process reduce its effective stake from 69% to an assumed 40%. Based on the assumptions in the circular to shareholders, we estimate that DeClout may enjoy a windfall of at least S$48.6m – an impressive sum equivalent to 42% of DeClout’s current market capitalisation!

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Report titleDate
DeClout Limited - Initiating coverage
Shocking S$50m Windfall (If Spin Off Succeeds)
26 April 2016


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