share price 0.585, cash 0.353/share, nav 3.01 shareholding 55% (ku), others (45%) privatization price at 20% premium 0.70, 45% 0.70 x 1038m x 0.45 = 327m
use 327m to gain 0.353x1038m = 366m cash + all the other assets (malls, lands, properties) rich becomes richer (instant breakeven with additional 366-327m = 39m pocket money)
not to forget annual profit is more than 200m, so it takes about less than 2 years to get back to cost of 327m
no bad from 40 to 50 25% untung Ksl keep add oil Ksl is the one of the which net profit and no cashflow iss all is super good rsults cash is good good but share price not fair
Based on our anecdotal study, focussing on the smaller size property companies as probable privatisation candidates, we conjecture that: (a) MCT (current price of RM0.18 vs net cash per share of RM0.32), (b) SHL Consolidated (current price of RM1.90 vs. net cash per share of RM1.56), (c) MUI Properties (current price of RM0.18 vs. net cash per share of RM0.11), and (d) KSL Holdings (current price of RM0.56 vs. net cash per share of RM0.25) could be potential “take-private
i am 0.3% minority shareholder ,i want privatization this company at 65 cents, bank manager approve. but ................ this is my dream. become a 3 billionaires
next week will over 70 cent,n i dream will 0 ,( 3 billionaire),invest more than 6 years i still lose.if i take over this company , haha i salary will 30 million a year . huat huat huat
I preditc company will issue dividend within 2 years after Klang Mall open. Why? Because much lower capex. Now this company basically is a cash cow. Don't miss out. means much less cash burn
1. KSL land bought at very cheap price, before Iskandar even became known. I heard it is like 500 vs 50 per sqft difference. I am not very familiar with the accounting treatment. But since it is under inventory, I don't think they have been adjusted for fair value. Note: Many property companies also got this hidden value, so not a huge gem, but still very good
2. KSL mall is a very famous mall in Johor. Compared to other prop Berhads, KSL manage to maintain its profitability for the last 5 years thanks to the steady reccurent income from malls and hotels
3. It is in a net cash, my meaning of net cash is cash minus all Liabilities, left RM 7 million. Mah Sing cash after deducted all liabilitied is - 0.50 per share
4. It is not as attractive few years ago I agree. But value has emerge since its Klang Mall is nearing completion, and it has accumulate alot of earnings since 4 years ago. Every year for the past 5 years it made about 30 sens a year per share
Example: Its PE is twice lower than Mahsing, its NTA is twice higher than Mah Sing. Can't remain undervalued for too long, especially now that the value is getting very deep. As opposed to 4 years ago
I do notice this counter sometimes but still undecide when to jump in? The biggest problem is they don't declare dividen since 2015! Hoping they will make a declare on didiven by next QR.
Wouldn't be surprised to see the company being privatized at RM1.00 or RM1.30 or RM1.50 if people continue to sell cheap at the current price but the NTA per share is RM3 even before the revaluation of its cheap land bank..... it's a matter of time....
Did KSL request for extension of time to announce the 1st quarter 2020 financial results? The aforementioned financial results is supposed to be announced by end of May 2020. I do not come across any announcement being made to this effect.
Hoping for dividend to be declared by these cbks is akin to hoping for water to be squeezed out from stone. These cbks happily collect their directors remuneration from the company's profits but do not want to share the said profits with the minority shareholders vide dividends.
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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....
10bagger10
1,007 posts
Posted by 10bagger10 > 2020-02-19 12:58 | Report Abuse
What will happen when it open?