Was thinking of adding substantially to my portfolio even though they are doing a rights issue. But with this acquisition I am having second thoughts. Firstly, they are venturing out of their area of expertise and Secondly, the percentage of discount to their intrinsic value will be reduced.
ha ha Top_Investor not really. I dont mind other people having different opinions. I dont really believe our views will have significant impacts on the stock price.
Sometime i delete the article and repost it again.
This is because when I posted it at 10 am, very soon the article will be swamped by other articles, and nobody will notice it.
That is why I delete it and repost it at 11.30am and it will surface again at the top of the list.
This is a little trick I play to attract more eyeballs (as a writer, I would like more people to read my article, simply for the reason that I have put in effort to write it).
However, when I repost it, all the earlier comments will be gone. I apologize.
I can actually wait for 1130 am and post the article. Then it wont become so convoluated. However, some time when share price looked like it is about to run, a writer would not want to wait too long, as he wants to claim credit. I know it is a bit silly, but that is the real reason behind it. Once again, I apologize if it causes any inconvenience
just to re-iterate, Top_Investor, I welcome your different opinion
Thanks Icon for your info update. I have actually bought some GOB last week after seeing your comments and intend to increase the qty gradually until I saw your latest update. GOB may still fly, but the punch carries a much lighter weight now.
vince I am flattered by the fact that you actually acted on my previous article and bought GOB. That gave me a lot of satisfaction (I have to confess writers are a very funny breed)
I am open minded towards different opnions.
As at this stage, I interprete GOB's latest transaction positively (mostly because I trust the market is wise. The fact that share price is up means the deal must be not that bad).
Of course you are entitled to interprete differently. No matter what happen, I wish your investment is fruitful, and my earlier recommendation of GOB does not fail you.
GOB's P/E ratio of 6.1 buying PNT at P/E ratio of 8 . Pay RM50 million in cash and then issue a rights issue for shareholders to contribute cash. This sure speaks a lot about the top management at GOB. Are they really interested in maximising shareholders value?
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Posted by Top_investor > 2014-04-02 12:01 | Report Abuse
icon, look like u don't like comments other than GOB is very good,i thought u r pro, smile :)