Homeritz has a cash position of RM 0.27 per share at the moment with a working capital worth RM 0.30 per share. The company has some value and is worth considering.
Homeriz operator does not know the psychology of a good operator..a damp wet counter..the operator needs to jerk the price to wake up.. and attract buyers...
Maintain BUY, TP: RM0.72. After rolling over our valuation year to FY21 and adjusting for changes in earnings our TP falls from RM0.76 to RM0.72 pegged to an unchanged 10x PE multiple. We continue to like Homeritz due to healthy net cash per share per share of RM0.27
Status of Corporate Proposals Announced Save as disclosed below, there were no corporate proposals announced which remain uncompleted during the quarter under review as at the date of this report: On 27 February 2019, the Company had announced that the wholly-owned subsidiaries of the Company, Home Newcastle Sdn Bhd and Homeours Sdn Bhd (collectively referred to as “Purchasers”), had on the same date each entered into 2 separate sale and purchase agreements with Johor Corporation, a body corporate established under the Johor Corporation Enactment No. 4 of 1968 (as amended under the Enactment No.5 of 1995) and having its registered address at Level 11, Menara KOMTAR, Johor Bahru City Centre, 80000 Johor Bahru, Johor for the acquisition of 4 plots of land located within an industrial park known as Muar Furniture Park held under Master Title known as H.S. (D) 38459, PTD 13399, H.S. (D) 38460, PTD 13400, Geran 50191, Lot 8531 all situated in Mukim Jalan Bakri, District of Muar, Johor Darul Takzim at a total purchase consideration of RM9,408,960.00 in respect of which titles have yet to be issued.
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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....
zhangliang
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Posted by zhangliang > 2020-05-05 18:34 | Report Abuse
I am looking at Homeritz. Best in the sector, Liihen, Homeritz & Pohuat. But Pohuat these few yrs disappoint. These 1 still can