My bad bro, meant to say NAV was below RM2.70. I will accept your counter offer right now :) Let’s do it!

NAV is of course an important consideration when we invest, but it is also subject to the business and industry. Right now we only see the paper value that is hard to be realised. Sale and leaseback is easier said than done bro. How long will it take and at what terms? Will market rent necessarily be cheaper? The business seems to be struggling with cash flow and profitability so who knows how this would impact them?

Share price has been low for a while already before the SCR, so we can speculate whatever lah, whether price is being squeezed or is that simply reflecting the true sentiment.

Just my opinion, will there be a better offer in 12 months if this fails? Who knows? I rather not guess, I will grab this chance and exit now! Good luck everyone!

NAV on the books is below RM1.70. RM3.64 is the RNAV of the assets, which means if they dont sell the assets (land) that value can never be realised. They need the land to operate the business so how can that number be realised? Look at Affin’s analysis, unfair but reasonable and they recommend this SCR, i also agree. Share price will never return to this level if SCR is blocked and when share price goes back down to RM1+, we lose the chance to get our money back.