We are now drafting share offer for QUTE Restaurant having acheived a minimum target sales of RM2,000 per week. If the proposal pass in the next general meeting QUTE JV @ Unit shares will be offered as follows:
Total Shares = 50,000 Units = 50 LOT = RM50,000
Company Profit = Gross Profit - (Rental+Utilities+Wages)
Dividend / LOT = Company Profit /50 LOT
Assume Gross Profit = RM150 X 30 Days = RM4,500
Company Profit = RM4,500 - (3,000) = RM1,500 / Month
Dividend / LOT = RM1,500 / 50 LOT = RM30 / Month
Annual Dividend = RM30 X 12 Months = RM360
Average ROI = RM360 / RM1,000 = 36 % p.a.
Result of general meeting will be posted next week. (Number of LOTs to be offered to private corporate investors will be announced along with any discounts on LOT prices)
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