as v all knew, amprop has strong recession proved recurring income compare to many other property counters. so long the mgmt does it job properly, the book should continue to trend upward. good luck to all of us! ;)
AmCorp Properties bhd announced the company has received an offer from Gamuda Bhd to buy over AmCorp’s 20% equity interest in Kesas Holdings Bhd for RM250 million.
Gamuda now holds 30% equity interest in Kesas Holdings Bhd.
“The Board will deliberate on the terms of the offer and decide on the next course of action,” said AmCorp in its announcement.
Simulaneously, Gamuda is also extending offers to Selangor’s Perbadanan Kemajuan Negri Selangor to buy its 30% stake in Kesas and to Permodalan Nasional Bhd (PNB) to take over its 20% stake.
spsetia, e&o, ijm etc all rushing to London, amprop already in the market long time ago. the latest London JV project ALONE GDV already 2.83b! excluding the westminister project and current units in sales...
the current offer price is roughly 5% lower than most institute internal valuation (most base on higher rate of increase traffic). the final price may be over 250m, let's see!
amprop cash position and debt level will be greatly adjusted, trading at current price... cheap! cheap! cheap!
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....
Steve Jub
4,203 posts
Posted by Steve Jub > 2013-09-06 16:01 | Report Abuse
move to green la!