Market expecting higher revised offer. But I think the sneaky ones will throw down to below 1.

The so called independent directors have said no other alternative bidders will be sought to make take over offer. I am extremely curious how and why they have arrived at this quick decision !!!!

You see why this is a rubbish offer. Not even a single English daily picked up the story.Adoi Adoi :))))))))))))

Can reject but higher price is up to the offeror. The independent adviser will say whether the price is reasonable or not. Personally, I think it is a no brainer advice that it is not fair and unreasonable.

Ridiculous offer, at this price pe is less than 6x. NTA 2.06. What kind of rubbish offer !! GDV is in billions.

Something about the vendor not fulfilling conditions viz development order etc

T4 today with big volume, after today volume drop a lot. May be a good day to slowly collect.

Got. 4000 shares. Tuesday listing . Strong swimmer , hopefully

Re Mr Koon's statement on Hua Yang that it will take 7 years to complete the development of the land before profit can be realized , I thought that developers recognized profit based on progressive billings . Therefore , even if the whole piece of land is completed over 7 years, profit will be recognized over the duration of 7 years . Correct me if I am wrong .

Cimb latest report said JQ approval obtained and will launch project soon, but all depends on how good is response.

One more day, can stretch till month end.

Thanks, KC.

Posted by mahorse > May 28, 2015 10:32 AM | Report Abuse
Dear KC, in the case of property stocks, do you mark down "Property Development Costs" which is classified under Current Assets. Thank you.

All depend if the property development can sell well or not. If it can, then it may even worth more than its book value; otherwise it may not worth much at all.

Good company, just that sales have dropped last quarter. Otherwise, plenty of cash

Graham Net Net strategy : I am still learning from the Old School Value website and waiting for expertise guidance from KCChong. Here is the preliminary calculation based on latest results.

Current Assets 950.279 mil
Current Liabilites 473,660 mil
Long term borrowings 180,627

If I based on Graham's NCAV ( Net Current Asset Value ), the results as follows :
CA-CL-LT = 295,992 divide by shares outstanding 206.250 million equals RM 1.435 per share.
Graham's criteria to buy if share price is 2/3 of this value, that means the figure is 2/3x1.435 equals 95.6 sen.

If I based on Graham's NNWC ( Net Net Working Capital ), the results as follows :
Cash + Short term investments + ( 0.75xTrade Debts) + ( 0.5xStocks) - Total liabilities, equals RM 1.156 per share. The question I sought clarification from KCChong is whether do you mark down "Property Development Costs" classed under Current Assets.

Phew, a lot to learn, just some contribution since everyone is looking for cherries :) still learning.

Please feel free to correct my understanding or misunderstanding.

Dear KC, in the case of property stocks, do you mark down "Property Development Costs" which is classified under Current Assets. Thank you.

Momentum is quite steady although no further news

Is the bottom here , now that the latest result is out?

All the board members cv looks impressive.

Imagine the whole country in desperation because of one issue.

Why waste time talking down stocks, do bottoms up cherry picking.

Why puncture so early. Yesterday so nice.

How can ace be better than main

How do you think this IPO will fare ? Chances of success is high in this market. What is fair value ? Nothing in the papers ?

In today Edge, CFO under probation, workload heavy , decided to leave after job done. Previous CFO who was taking charge of other department now back to old post

Yes , S $350k can buy a nice 1000sf condominium in Medini.

Hopefully , downtrend temporary.

Need to be steady, patient

Yes, hopefully small ipo will do well, like BioAlpha.

Ok lah , will subscribe .

When would be right time to buy as this in fighting is just starting.

Unlikely to be like Malakof. Sometimes you wonder whether the cornerstone investors willingly take or ask???

Why sales drop almost 20% . Any indication how next quarter.

Hungry to punt IPo, nothing else to look at.

Palm oil machinery supplier . Helps to improve yield ? May have potential.

Aiyoh, one of my 5 stocks picks for TanKW. Need more info. Why comments all in Mandarin.

Move at very narrow range for a long while. difficult to trade.

You dont sue Bursa. You sue the company. The announcement came from the company.

Rubbish announcement. Not careful. How to compensate those who chased thinking you are getting 15 sen ?

What the...! Run for 2 days and sudden drop ?

Hello, share consolidation from 5 to 1, closed at 46 sen, times 5 = 2.30. Your original 5 shares now only 1 share.

Paid or unpaid leave ? Paid leave, buta gaji.

what is the story ?? Smallest furniture stock. Trailing revenue only 28 m. Production capacity is there, but where is the order ?

When is the quarterly results coming out ?

Mr Tan, closing price for rights price was 23.5 sen. Thanks.

To a certain extent. Stockdummy is right. No matter how good the company, if nobody knows, even long term holders will suffer. No div for past 10 years ( until this year ) . Only major shareholders who are also directors with good salary and benefits will gain and survive.

Why no heavy selling ? closing shop soon , if appeal unsuccessful ?

Agree, thanks

Mr Tan

How do you adjust for Insas? Thank you.

Didn't attend. Held in Johor , too far. What do you expect from the AGM?