I struck quite a few takeover plays during the last 5 yrs, including MISC, HL Cap, KHSB, Samudera, Ptg Tin, KAF, Hunzpty and this year, Daiman & SPB =)
The Offer Price of RM3 is at a whopping 55.75% discount to its RNAV of RM6.78! The independent adviser, Mercury Securities, says it is reasonable to accept the offer in view of the historical share price of Daiman. For long term investor, who has stayed with the shares for its value, I would say it is grossly unfair and unreasonable to accept the offer. Will Mercury Securities or anyone willing to sell off their own real estate/ properties at 55.75% discount? Yes, Daiman is indeed a property company owning real estate, not a tech company with very little asset backing.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
dompeilee
11,888 posts
Posted by dompeilee > 2018-11-17 11:57 | Report Abuse
I struck quite a few takeover plays during the last 5 yrs, including MISC, HL Cap, KHSB, Samudera, Ptg Tin, KAF, Hunzpty and this year, Daiman & SPB =)