My trading
Why don't you buy Tanah Makmur ?
Hiu Chee Keong
Publish date: Sat, 02 Jul 2016, 01:10 AM
Tanah Makmur closed at 1.67, tengku mahkota pahang offer to privatize it at rm1.80, so if you buy at 1.67 and if the privatized go throught within one year, you will have about 7% profit.
.....but if the major shareholding reject the offer, then you will stuck, the target price given by the research house is only 1.60, and the government still ban bauxite mining, would effect it's earning.
so, dare to take the risk ?
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Discussions
Be the first to like this. Showing 7 of 7 comments
Speakup, i guess bcos there is still risk of the offered being rejected or halt. Notice that lembaga perusahaan pertanian pahang is the main shareholder, and Pahang royalty family also the main holder. So it is not surprsing taht tengku mahkota pahang make the offered to privatized it. I think it is quite trustworthy as there's reputation need to be maintained.
2016-07-02 16:28
if insider themselves dont have confident of the take over to materialize, then who has?
2016-07-02 19:35
moneykj, 7% not bad wat, better than FD just 4%. I don't ask anyone to buy at 1.67, I will queue at 1.60, then reward is about 12% and I can set SL at 6%. notice that sultan also major share holder.
2016-07-04 08:45
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2016-07-02 02:30