OSK fulfills 1) High NTA, resulting in low Price/Book Value (NTA) less than 0.5 2) Profitable consistently, resulting in PE less than 10 3) Diversified incomes, resulting in less volatility in combined business sectors 4) Consistent dividends, resulting in better return (in addition to price appreciation) than fixed deposits in bank 5) Future growth
Of course, confidence in top management & controlling shareholder is another top consideration. Trust deficit in top management often leads to "undervalued" share price.
FAIRnREASONABLE there seems to be a "trust deficit" with OLH. Anyway good also lah, otherwise, you and I would not be able to take advantage of buying cheap
The dividends over the years got few hundred million easily.
====================================================================== What he said is not false in the AGM.but it will also increase his share holding in Osk as well. Can easily borrow from RHB IF not enough.Don't underestimate his financial standing.Chicken rice seller does not employ tax consultant,he has plenty of consultants working for him.
Nope. Lazy to wait, just pay 1.01. I hate checking to see if my buy orders went through.
its only a very small 2% position. But its cheap enough to warrant that, and it gives me time to study further and get more comfortable. I am definitely seeing it as a possible 5% position, along with Orient.
TA is worth thinking about, but most of the profit this year is from investment, hotel earnings are rubbish as usual.
I think i'll be building up my property development portfolio for the rest of this year, till they hit like 30% in total. Way too many undervalued ones that are price at like P/B.
The big jump is when people go from valuing companies at P/B to P/E.
This stock is cheap and seemingly attractive is because OLH could take it private anytime by offering you 70c per share like what he has done for PJD and OSK property. Would you still hang on to it if he take it private where your holding is not tradable? The institutional investors knew that and they stay away.
PJD was taken over at 29% discount to RNAV, not unreasonable. In addition, it was taken over by osk.
If you think OSK was getting the better end of the stick then, why not buy up the shares of OSK as well during the acqusition? Nobody stopping you.
====================================================================== Posted by jkhoo99 > Jun 27, 2018 05:09 PM | Report Abuse
This stock is cheap and seemingly attractive is because OLH could take it private anytime by offering you 70c per share like what he has done for PJD and OSK property. Would you still hang on to it if he take it private where your holding is not tradable? The institutional investors knew that and they stay away.
10% rhb stake, old story only thing is good dividen, price stagnant too long. price should be at least 1.40, reason is not enough glc holding its share.
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firehawk
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Posted by firehawk > 2018-06-01 10:12 | Report Abuse
yesterday incident full of mystery, vol was high .... foreign selling? olh wants to play?
anyone here get the bargain @0.92?