This stock is highly highly illiquid, for some guys to commit to 10% of the capital at RM1.80, either they are idiots like me or they know something we don't, time will tell....anyway the press has been talking about a whole bunch of new projects in Penang and KL to be launched soon, lets see
Not sure about that . However if they don't launch new projects fast investors may treat it as a defacto REIT and reits don't fetch high valuations as they are not as exciting
The stock right from fixing the placement price to spontaneous large volume transactions sporadically (where it looks like only 1 buyer & 1 seller) does look quite heavily controlled
Not sure but the underwriter of the private placement is rhb. I am not sure how controlled the share is but the stock has been illiquid for quite a while . However unlike Asas it does not look like a compelling privatization case
I did a rough calculation, based on (1) Alliance Research 5/13 note abt potential value of GPM (2) new issued shares (3) cash from placement (4) NAV @ 31/3/13, if they were to revalue the full amt, NAV/share = RM4.45 ??
The gurney paragon mall is definently worth more than market cap of 400 mil plus still smaller than Tambun. However their result had been quite dissapointing lately . Having high Nta is one thing realizing it is another
Hunza strong buyer around RM2.20 since the Raya break, must be the placees, so placement at RM1.80, buy up to RM2.20, with no news and strong volume....what does it mean, they will be an eventual push up to RM3.00 to facilitate distribution ??
I think all Minority Shareholders should rise up to protest : (1) Company just did a 10% placement at very "low" price of RM1.80 (heavy dilution to MI), (2) Now they declare a distribution of Special Dividend which all the placees also get to share....insider is taking advantage of this news big time, that explains why big buying on mother shares but no interest in warrants
The Board of Directors of HUNZPTY wishes to announce that the Company had undertaken the annual revaluation exercise on all the Group’s Investment Properties.
The fair value gain of RM146.1 million has resulted an increase of RM0.80 of net assets per share for the outstanding shares as at 30 June 2013 (not including treasury shares). However, note that the number of paid-up shares was increased by 18,100,000 after the private placement exercise in July 2013.
We are pleased to inform that the Board of Directors of Hunza Properties Berhad ("HPB") has on 22 August 2013 declared a special interim dividend of share dividend on the basis of 25 treasury shares for every 1,000 existing ordinary shares of RM1.00 each held in the Company, fraction of treasury shares to be disregarded in respect of the financial year ended 30 June 2013.
We are pleased to inform that the Board of Directors of Hunza Properties Berhad ("HPB") has on 28 August 2013, recommended a final single tier dividend of RM0.056 per ordinary share in respect of the financial year ended 30 June 2013 for the approval of shareholders at the forthcoming Sixteenth Annual General Meeting.
NTA Company now RM3.84 vs share price RM2.20, P/BV = 0.57x. Special + Final div = circa RM0.11/share (ie assume RM2.20 share price for 25/1000 special div). You buy the share now at RM2.20, cum div, ex div = RM2.09 vs NTA RM3.84/share...until and unless placees and owner start fireworks, this company will continue to sleep
Profit from operations of 10 mil is respectable. The revaluation of 100 mil plus doesn't count thought. Analysts only looks at normalized profit excluding revaluation
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....
Idiot
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Posted by Idiot > 2013-07-31 15:32 | Report Abuse
This stock is highly highly illiquid, for some guys to commit to 10% of the capital at RM1.80, either they are idiots like me or they know something we don't, time will tell....anyway the press has been talking about a whole bunch of new projects in Penang and KL to be launched soon, lets see