Parkson Holdings Bhd's Cambodian unit has been ordered to pay US$144.5 million (about RM629.75 million) in damages to its lessor, Hassan (Cambodia) Development Co Ltd (HCDC), as well as forfeit its security deposit and advance payments, following a lawsuit that HCDC initiated against the unit.
William Cheng should perform a share buyback at this fire sale price. In fact, it's an opportune time to buy back all outstanding shares not owned by him and his companies. Based on Parkson Holdings cash of more than RM 2 billion, it will be so cheap for WC to take Parkson private. I hope WC consider this move to allow shareholders to exit at a fair price. This is because Parkson is worth much more than RM1.69 based on its latest book value on March 20. This is because there are Parkson owned malls worth more than their book value if these malls are disposed for profit in the future. Parkson can be repackaged and relisted later in the future if there is a need.
So, William Cheng if you follow this thread, you should consider this proposition as this is the best opportunity for you to take Parkson private at this ridiculously low liquidation price currently.
RM1.00 buy back !? Plus a zero !? Move the small dot to the right !? From Rm0.10 To Rm 1.00 !? Magic wonder move !? Is it a BUY BUY BUY before WC sapul-lelong !? H U R R Y. U. P ..........
Should just sell to some other investors when there is still some value in this company. Small shareholders will ends up with nothing if WC still in charge.
Parkson should be do fake account on the quarter report. Too messy to audit. Parkson cash and property should be over value already. If parkson undervalued wc early stages privatised already no need us teach him. Wc old fox
Now wc family should buying time transfer money out. With current pendemic situation is impossible for parkson management recover last straw push died the historical shop center. Rip
Share price already too low to declare right issue to ask for more money. Just curious what management next step. Sell property to move money out of company or to support dying business?
Visited Parkson on Saturday. Crowd is there Bec Raya sales still on. Only must control expenses eg staffs and rental cost to turnaround. Saw less staffs on my visit don't know they on Raya holiday or retrenched.
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....
Leong966
83 posts
Posted by Leong966 > 2020-04-21 14:58 | Report Abuse
By this week Urusharta should dispose all its shares. Time to move up. TP 0.15