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2 comment(s). Last comment by valueinvestor 2011-05-28 15:32
Posted by valueinvestor > 2011-05-28 15:32 | Report Abuse
Just wonder if any reputable financial advisor would indeed tell the minority shareholders that the above offer is deemed good and to accept it?
Just wonder how much profit can be generated by the company's existing projects, besides the company's land bank, as compared to the offer of RM122 mil to take company private?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
valueinvestor
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Posted by valueinvestor > 2011-05-28 13:52 | Report Abuse
Isn't this offer price way below its NTA? Less than half of its NTA? It may be better to go for voluntary liquidation of the company and distribute the sales proceeds of all its assets.??