Morning, there are rumors that the two brothers, Shahril and Shahriman, might want to take this counter private after the disposal of APIIT. It would make sense for them to do given the cash position of the company post disposal, which will be around RM2.20 per share.
However from my understanding any potential offer would be lower than the NTA of the company (around RM4.00/ share post disposal). I personally think it would at least be at the cash position of company which already represent more than 80% premium to Friday's closing of only RM1.18.
It will be great if you guys could verify this by asking any of your investment bankers friends. Any deal should be done by either Maybank of Cimb.
"bgvalue >>> Morning, there are rumors that the two brothers, Shahril and Shahriman, might want to take this counter private after the disposal of APIIT. It would make sense for them to do given the cash position of the company post disposal, which will be around RM2.20 per share.
However from my understanding any potential offer would be lower than the NTA of the company (around RM4.00/ share post disposal). I personally think it would at least be at the cash position of company which already represent more than 80% premium to Friday's closing of only RM1.18.
It will be great if you guys could verify this by asking any of your investment bankers friends. Any deal should be done by either Maybank of Cimb. 04/04/2016 09:05"
Negatively thinking is yes, it has no power to climb up, but positively thinking is we still have a chance to buy low again, pending it to drop back to 1.18 which the boat was missed yesterday :)
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Mohd Fahmi Bin Jaes
27,851 posts
Posted by Mohd Fahmi Bin Jaes > 2016-03-31 08:01 | Report Abuse
ffhb buy call. no negative