This share is worth 1.50. (Assets - Liabilities)/Shares issued = 1.51. If they propose a buyout, then at least 1.50. Directors would be negligent to propose otherwise.
Just look at the balance sheet. That is one sexy balance sheet. Thats why the company is buying back its own shares EVERY DAY.
@sephiroth Absolutely right on! I didn't see your post as it was on the bottom of page 3. On the money son! This company is really just a Selangor Landbank (freehold) + Cash. What a Dream!
join as director or merge, perhaps, but if someone offered to buy the company, based on its assets (as declared in financials), they would have to pay a premium to the current price ~20%.
Even then, it would be a discount to NAV. So I'm curious, are they really cooking the books?
If so, surely they wouldn't be furiously buying back shares. Surely!
The calm before the storm. Don't worry. I'm sure the owners are going to make a general offer soon.
If not them, someone else. How much do you think that land in Kajang and Bangi is worth? How can a developer resist. Even MRCB needs to replenish its landbank.
Hotel in Pulau Perhentian....(how many are there in PP)?
Assets - liabilities/Share outstanding = 1.51 per share. Now trading?
Why else has the company been furiously been buying back shares?
Could I be wrong. Maybe. But I'll hang on to my shares for a bit longer.
These r the info retreived from equity tracker. This is the most I can do. In details, has to add manually from every annourcement, and time consuming.
But , I very agreed that , this company really under-"perform" vs KLCI , from financial view. It value , I calculate later.
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....
positive99
31 posts
Posted by positive99 > 2013-03-08 09:59 | Report Abuse
1.02 now.yesterday high volume. Hope today it will move up to 1.05