more tourists visit sabah, kbunai should be more profitable in the coming years... also, the big boss of kbunai has a casino in cambodia.... he could help to promote the resort in sabah too
A VERY PROFITABLE COMPANY NOW, TOURISM SECTOR DI SABAH SEMAKIN PENTING .. MARKET CAP RM500MIL++...... I THINK THE LARGEST SHAREHOLDER WILL PRIVATISE IT SOON ... SHAREHOLDINGS SPREAD IS AN ISSUE FOR MANY YEARS... NET ASSETS PER SHARE ABOUT 15SEN+ ... I THINK 20SEN PER SHARE.... MINORITY SHAREHOLDERS SHOULD ACCEPT :)
There should be a new offer soon.... karambunai is very profitable nowadays as per the quarterly reports recently
The previous offer was made dulu semasa kbunai rugi non-stop in 2016 dan sebelum 2016.
Karambunai up as much as 9% after close of takeover offer Chen Shaua Fui / theedgemarkets.com
June 10, 2016 16:29 pm +08
-A+A KUALA LUMPUR (June 10): Karambunai Corp Bhd (KCB) rose as much as 0.5 sen or 9.09% to 6 sen today, after the close of the unconditional voluntary take-over offer from Tan Sri Dr Chen Lip Keong yesterday, which saw 78.26% of its shareholders agreeing to the offer.
However, at 3.22 p.m., KCB's shares gave up gains to trade at 5.5 sen, after 16.88 million shares exchanged hands. It was the 13th most active stock of the day.
However, KCB’s structured warrant (KBUNAI-WC), which also saw active trades today — it was the 9th most active counter — was still up half sen or 33.33% at 2 sen, after 28.49 million shares were done.
Dr Chen, who had 68.46% in KCB, made the privatisation offer on April 28 at 5 sen per share and 2 sen per warrant. Chen had no intention of maintaining the listing status of Karambunai.
However, independent adviser Inter-Pacific Securities had advised KCB's minority shareholders on May 20 to reject Dr Chen's offer, citing though it can be deemed reasonable, it was "not fair" and that the unfairness substantially outweigh the reasonableness of the offer.
It had gone on to explain that KCB's offer price of 5 sen represented a discount of about 76% to the revalued net asset value (RNAV) per Karambunai share of 21 sen.
It had also noted that the 2 sen per warrant share was a discount of near 40% over the theoretical value of the warrants of 3.31 sen.
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At the close of offer yesterday, the offeror held 78.26% in the company and controlled 45.24% of its warrants.
KCB, which is principally engaged in property development and construction activities, as well as leisure and tourism in Sabah, including hotel resort and golf course, has gained 22.22% year-to-date.
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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....
dusana
616 posts
Posted by dusana > 2019-01-22 18:11 | Report Abuse
Slow and steady