This stock worth to keep. It own more than 75% KASSETS shares which price from 4 up to 6.6 today. IGB latest financial shown profit-up 36% & profit margin up 30.8% #compare last year quater. Summary, IGB = Good counter. Happy Trading :p
pls C today The edge news... IGB will having net cash value of RM484 million after disposing 2 shopping malls into IGB REIT.Do u all think it'll up or down!!!! i don't know??? someone pls
sglim, on the short term it will go up, on the long run, depending if the REIT is its sole income (from stake holding div payout), then i think it will be a lame duck!
you need to find what is IGB venturing into next! good management like IGB would surely have some other catalysts up its sleves utiliting the 400mn+ cash hoard.
Looking at the VOLUME last friday, I think the BUYING is already ON...... Meaning new punters have started to pick up this counter for later push higher....
If you analyse the morning trade last Friday, the punters were pushing it higher but not sustainable...... So, probably the same punters tried another strategy that was sell higher and buy back lower...... And that happened in the afternoon trade. So, by looking at the behaviour, I think the same punters will TRY to push it higher again in near future..... If that happens, you will be SMILING dy.... LOL :))
depends. I think IGB still has a good size landbank (in Ipoh if not mistaken)! got to check their records. Maybe they are using the proceeds from "transfer" of assets to raise capital for new building? you never know!
In layman's term, IGB raised some extra cash from the floatation of their assets via IGBREIT. So, it is a good move and strategically, they are still the controlling shareholders holding 51% of IGBREIT.
However, most investors don't like these kind of strategies because they think that their interests get diluted. BUT, that is how business can grow and keep on growing.
Just like asking oneself, if you hold 10 different properties and you think you are rich because you have 10 assets. But at times of trouble, you probably want to dispose of some of these properties, and hold some cash in case of emergency and buy something more valuable. Thus, IGB is doing exactly that, and investors alike should support this move, which most of us would probably end up doing, just that we do it in smaller scale.
Well, now that IGB is trading at its net asset value, it's time for investor to take a look at this counter.... :))
It should be a BUY..... with so much cash raised from IGBREIT, they can do wonders in the market.... Unless you think holding cash now is not a good idea....
The punters are really getting the share price down, sigh!!! ..... BUT the company has so much cash now that it keeps on Buyback its shares ..... The next thing you know, it will declare a bonus issue of share dividend, and whoa!! the share price rally like mad in Feb 2011 ..... It is possible that this will happen, seeing that the Company is very aggressive in buying back its shares now..... Keep on watching!!!
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Posted by ST > 2012-01-12 09:40 | Report Abuse
any insight on this stock??