WTHORSE catch my attention as it fulfilled limit up criteria. Price has been high previously and now drop to bottom.
Can obviously see low volume previously, and lately a bit active. Just break recent high. To verify why, we notice they selling a piece of land worth RM 113.45 million. This could translate into RM 0.472 per share. After checking into balance sheet, not hard to see they are quite cash and asset rich which have NTA above RM 2.00. Selling this piece of land will bring them into net cash position of roughly RM 0.525 per share. Special dividend might be potentially announce after this land disposal deal.
Since NTA (property and plant) worth above RM 2.00, and cash so rich, I wound think that if boss wanna do privatization, it should give a price tag of at least RM 1.30-RM 1.80.
White Horse: Disposes of land in Vietnam for RM113m. White Horse is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45m. The group is selling the land measuring 278,511 sqm to Vietnam's Viglacera Tien Son Joint Corp. The disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position. (The Edge)
White Horse disposes of land in Vietnam for RM113m
KUALA LUMPUR (June 22): Ceramic tile maker White Horse Bhd is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45 million.
The group is selling the land measuring 278,511 square metres to Vietnam's Viglacera Tien Son Joint Corp, it said in a bourse filing.
White Horse said the disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position, besides consolidating the production facility in Malaysia.
The expected gain from the disposal is RM58.3 million, the group added.
White Horse's share price rose one sen or 1.63% to 62.5 sen today, giving the group a market capitalization of RM148.79 million.
Too many counters...here, in HK, SG, US & Japan...easy 2 forget esp when sometimes one counter has been bought in 2 or 3 trading accounts in different banks lol Like yesterday I saw the name Nippecraft & recalled buying in 2017 but then couldn't remember if I had sold or not...had to check...
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....
llrr77
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Posted by llrr77 > 2021-05-14 21:29 | Report Abuse
Any reason it will explode?