I have been holding YTL Land share for the last 20 years. Why don't the YTL Corp buy this company and pay back the YTL Land share holders? How long do we have to wait? Have some pity on Land shareholders. Investor.
What rubbish ! YTL paid good premium to acquire outsider Lafarge but offered YTLLand Minority Shareholders peanuts to take over its vast landed properties !!! Hopeless n useless Directors/Management !!!
YTL Nta 1.27 and share price 1.14 ( 10% lower then Nta) while YTL Land Nta 0.88 ( not adjusted since 2002) . Does it seems fair? At least should give 0.80 which is 10% lower than nta.
Have anyone seen a takeover offer at almost all time dirt cheap low price with zero premium ? Only by YTL to YTLLand other shareholders ! So ridiculously unfair and unreasonable !!!
No way to stop them because at 75% they can delist the company ( that’s Blackmailing) unless some White Knights come out to offer higher price to block YTL .
They converted most of the Singapore condo units into serviced apartments early this (as usual no announcement) i.e. no more sales risk and should be able to clear the debt if they offload it later to REIT ot whatever and now it is best time to steal the company before the asset monetization....As usual, minorities are getting short-changed again....30% stake in Sentul land also worth RM252m (vs YTL Land's mkt cap of RM300m now), which was what YTL Land paid in 2016!!! Massively undervaluing the company...
YTL new HQ also sitting on YTL Land's land in front of Ritz Carlton Hotel...they are also building a new Marriott Hotel on land owned by YTL Land near Sentral.....Best time to steal the company! The bukit bintang land is almost 6 acres and Francis can sell this and use the money to privatize and build himself a new church to repent
All the minority shareholders lose money. All our purchase prices are higher than RM0.36 per share. Some even purchased at the high price of RM2.02 per share.
120mil to privatise the YTL Land is the peanut in the eye of YTL family,from this case that it show that they willing to kill the minority shareholder who support them more tham15 year even thou they not even pay a single cents dividend to us.As a faithful christian family,do you know what u do in this case.
Every shareholder should not SELL now even when he gets the 75% . Yeoh family will not delist YTL Land. Just don’t let him get the 90%. Hope every one of us buy a bit at 0.365 and above to absorb the weak holders. I will buy also.
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....
RVI123
660 posts
Posted by RVI123 > 2018-09-14 00:57 | Report Abuse
@Tomchan, the project launched aldy? How is the sales?