Value From Research

Author: i3Value   |   Latest post: Fri, 21 Feb 2020, 6:15 PM


Seacera's Big Land In Semenyih

Author:   |    Publish date:

Seacera forum comments talk a lot about a piece of land the company have. Talk until this cheap-cheap counter is like super good buy. So I google and found this information to share.


Details About This Land   This land is 21,790,319 sf which is 500.24 acres and is a freehold land. The address is Lot 613, Geran 23940, Mukim Ulu Semenyih, District Ulu Langat, State of Selangor Darul Ehsan. This land was bought on 15 March 2017 and the net book value is RM784,451,484. So far is confirmed this land is really in Seacera’s accounts because is stated in the annual report.


Plan For This Land   Seacera want to tie up with a big property developer to develop a township. GDV is RM10 billion! The directors want to diversify from tile manufacturing. This land location is quite good. Just 5km away from Sungai Long using Silk Highway. It is also near to developments by Eco World Development Group Bhd, Mah Sing Group Bhd, UEM Sunrise Bhd and SP Setia Bhd.


Value Of This Land   The company have 376.594 million shares. Lets not talk about other assets. Also don’t care if the township will develop or not. Value of this land itself is worth RM2.08 per share! Other assets are plus/minus enough to pay the liabilities. The company’s bank loans not very high. Total only about RM68 million. Not bad. Company like quite well managed. Today share price is 21 sen. Last week crash to 15.5 sen but missed the boat already. Pay 21 sen to get RM2.08 is very interesting. No wonder the guys who comment at Seacera forum are happily laughing. This land lelong to Eco World also enough for super big profit.




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Chart Stock Name Last Change Volume 
SEACERA 0.27 -0.01 (3.57%) 374,400 

  VenFx likes this.
Alex™ U mean funeral land?
30/10/2018 7:31 PM
pang72 all property counters in high NTA , low stock price.
Can seacera exempted ? BTW seacera is not even property counter yet.
30/10/2018 7:38 PM
pang72 Try Ideal . Flash crash one in a time. EPS 10 cents but can not make it
30/10/2018 7:39 PM
qqq3 can use to bury all the value investors.
30/10/2018 7:43 PM
John_Lee When a property developer sells prime land, it is called selling core asset. Not very good for future developments.

When a manufacturer sells a non-operations related prime land, it is called durian runtuh.
30/10/2018 7:53 PM
qqq3 its the only option left......

and speed....
30/10/2018 7:59 PM
Bruce88 Can sailang lo..
30/10/2018 10:58 PM
i3Value I forgot mention that this is a new account. My old account long time no use already so just register new account. I am not a newbie <grin>
30/10/2018 11:01 PM
VenFx Buy small and keep for 10 years may worth your money ...
Value or Cash ?
What a paradox things to figure out oneself.
30/10/2018 11:48 PM
jesry actually many share $ are lower than nta
31/10/2018 8:53 AM

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