The Amazing Race

The Green Light ( PART 3 of 3 )

NickCarraway
Publish date: Sun, 09 Jun 2013, 08:38 PM
DISCLAIMER :The information in this research has been obtained from sources believed to be reliable.Its accuracy, completeness or correctness is not guaranteed and opinions are subject to change without notice.This research is for information purposes only and not to be construed as a solicitation for contracts.The writer accepts no liability for any direct or indirect loss arising from the use of this research. The writer may have an interest in the securities of the company(ies)mentioned here

 

The 2nd largest shareholder of Green Packet is OSK Ventures International Bhd ("OSKVI").

Its notable investment is the 17.6% stake in Green Packet and another 11.9% of total warrants issued by Green Packet. Thus, it would not be a surprise to notice the similar share price movements between the two of them. 

 

Chart of Green Packet Share Price

 

 

Chart of OSKVI Share Price 

 

 

About OSKVI

OSKVI is basically in venture capital business and private equity business which include incubating high growth companies, management of private funds and holding of long term investments. Southeast Asia has growth potential as a venture capital and private equity market, but fragmentation and the absence of large entrepreneur communities are obstacles to growth. It is not comparable to the bigger players such as those in US.

 

Cash rich     If we examine OSKVI closely, interestingly, the net cash it has on hand comes up to RM0.32 per share which is slightly below its last done share price of RM0.38

*latest figure based on 1st Quarter ended 31 Mar 2013

 

 

With lots of quoted securities      As at 4 Jun 2013, it also has RM125.9 mil of investment in quoted shares, albeit written down from original cost of RM162.1 mil. The market value of the quoted shares was equivalent to RM0.64 per share.

 

Details of major Quoted Securities held by OSKVI

 

 

Potential rise in net cash           In the event that Green Packet’s P1 is up for sale, OSKVI's cash on hand and stake in Green Packet based on current market price (yet to factor in any upside potential) is already worth at least RM0.55 per share (diluted basis).

 

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NickCarraway

Thanks for liking.

2013-06-09 22:54

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