Old long investors for GOB might have unloaded their holdings as they had experienced bitter experiences on the company's poor performance previously. The present GOB is a different corporate animal and I believe something is looming for this deep value stock in months to come. If De'men sale is confirmed, then cash per share is around 65 sen when compares to present 58-60 sen. This is really strange! Simply because GOB owned many other properties. Batu Kawan land in Penang is worth another 50 sen per share. Why so many investors cannot see value in GOB?
Chankp7010, the issue with this company is one of confidence ...this company is treated as a proxy - a front - for you know who. This may not be a bad thing because the JV with Lembaga Getah shows connection matters. But then, if there is no dividends (never mind the special dividends) declared from the proceedsof disposal of Da'mein, then,how are shareholders going to be rewarded?
I mean... When you want financing to build damein, you raised it from the market. Now, damein is sold for a handsome price, there is no dividends but the proceeds is used to buy a few pieces of land from DL (if the article from Focus Malaysia is anything to go by). So, for the shareholders who subscribe to the rights, how can they be rewarded if there is no dividends?
Regarding contract with MRT2. Can't reveal much .. Last time always reveal so much end up stock no move .. So let's be calm and see what happen in coming days / week .. My self already stock in warrant n mother share ! DAYUMMMMMM
@_@ its really cant stop ! people !! stop selling to get cheap profit ! aim big .. lets go !!!!! road to 0.65 !!! Warrant 0.25 too !!! the news is big ! trust me enuf to cover their debts and have plenty EXTRA money !
1 10.0% Deposit upon signing SPA (17 September 2015) 2 70.0% Within 30 days of SPA being unconditional and effective when the last of the Condition Precedent is fulfilled; and Redemption statement cum undertaking from chargee being delivered (17 October 2015) 3 5.0% Within 14 business days after the final plans had been filed and approved by the Appropriate Authorities (the “Renovation Plans”) 4a 2.5% Within 14 business days from 6 months after the date of issue of the Certificate of Practical Completion 4b 2.5% Within 14 business days on the date of expiry of the defects liability period, ie 18 months after the date of issue of the Certificate of Practical Completion 5 10.0% Within 14 business days after the Trustee receives the strata titles and valid and registrable memorandum of transfer to the Property duly signed for and on behalf of the Proprietor
10 more days will collect 70% out of RM 488 mil = RM 341.6 mil. 07/10/2015 11:42
riskabsorber If fall on Saturday, then should be even earlier at Friday. 08/10/2015 09:55
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Posted by chankp7010 > 2015-10-13 15:55 | Report Abuse
Old long investors for GOB might have unloaded their holdings as they had experienced bitter experiences on the company's poor performance previously. The present GOB is a different corporate animal and I believe something is looming for this deep value stock in months to come.
If De'men sale is confirmed, then cash per share is around 65 sen when compares to present 58-60 sen. This is really strange! Simply because GOB owned many other properties. Batu Kawan land in Penang is worth another 50 sen per share. Why so many investors cannot see value in GOB?