dats right. but thus far, the risk is quite minimal.

which is why 5.15 is probably the best deal this stock can get. and there's still a chance of 5% gain within a 2 weeks timeframe

i'm going to list out why i think Delloyd would be quite a safe investment:-

1. Privatization offer at 5.15, subject to EGM on 15 January 2015, which is about two and half weeks from now. Based on share price at 4.90, you are likely to make 5% or so.

2. Share price did not trade pass 5.15 for the past 5 years, so it's safe for me to assume that Delloyd's shareholders cost are not 5.15 or above, which means if the privatization is approved at the upcoming EGM, no shareholders will be at lost. I cant think of a reason why shareholders would reject since nobody will be at lost. Sure, the fair value is RM7.60 or higher, but bear in mind, Delloyd has never trade at its fair value for the past 5 years. I do not see why Delloyd will go to RM7.60 again if the privatization deal is rejected. And 5.15 might be the best we can get already for now.

3. With the current market condition and uncertainties, i think Delloyd would be the safest and the fastest way to gain 5% from your investment. I believe once the EGM approve the privatization, share would be traded at 5.145? Just like how MAS trade at 0.265.

So yeah, a 5% gain within 2 week. Only risk is the deal is rejected at the upcoming EGM. I believe the persons behind this privatization will do their best to make sure the privatization go through. Since there is not so much hype in this stock, i don't think shareholders will work together to reject during the EGM.

What do you all think?

If you look at the revised audited account, the shareholders' equity is 50% more than the issued and paid-up capital, hence no longer triggering PN17... *magic done by the company*

YFG has already triggered PN17 criteria - 'the auditors have expressed an emphasis of matter on the listed issuer’s ability to continue as a going concern in the listed issuer’s latest audited financial statements and the shareholders’ equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer'

They should announce their PN17 status last Friday when they release their audited accounts. Now they are adjusting their AUDITED account to avoid PN17. And seems like their auditor, KPMG and Bursa is helping.... wowww...