Credit to : trader808, tq for good analysis
Astino has 111m cash, 144m inventories and 93m in accounts receivable. Hence, its total liquid assets and cash is Rm349m
2.The company has short term and long term debts of 14m
3. When you take 349m minus 14m, you would notice that the total net liquid asset is Rm335m
4. The company has 493m issued and paid up share capital.
Hence, the liquid cash per share is 335m / 493m is 67sen
5. Considering that the share price is currently trading at only 63sen, it is an insanely and unbelievably a cheap bargain.
6. If you buy Astino at 63 sen, it is not only below its liquid cash per share of 67 sen you also get 181m of properties, plant and equipment plus 47m of investment properties or a total of 228m assets for free.
7 WOW, Is there a big fat toad jumping all over the streets?.
8 You decide.
I added :
9. Buy good stock is always no harm especially at low price now
Happy trading
As14/5/24
Created by jerret | May 16, 2024