We all expect that they lose money. NTA is above $1. Lose money, share price go up. Make money share price go down. Thats Malaysian stock mkt. Look at Telecom and Axiata
Star highlighted it has cash RM300mil with no borrowing, but market capitalisation of RM257mil, just wind up the whole company and distribute back money to shareholders la. Gone are the days of print media.
With the appointment of Alex Yeow as new CEO and considering his past experiences in Tropicana and Guocoland, is Star trying to capitalized on its land asset? Any interesting development?
New CEO Ex-Md of Tropicana and Guocoland... Let the privitatisation process start...company want to release the value of land bank and properties... Better stick to your shares...lot of upside potential... They could have easily declared dividend but that would have driven the share price higher...
CASH 353 MILLION. OTHER ASSETS NOT COUNTER. ALREADY RECOVERY IN LAST Q RESULTS. NEW CEO WITH EXPERIENCE IN PROPERTY DEVELOPMENT. WOTH A GAMBLE. BETTER CHANCE THAN AIRLINE/AIRPORT/TOURISM
New CEO should distribute interim and special dividend, say 2sen interim plus 2sen special dividend. This will make DY about 10% and the price will fly, get close to its NTA.
CEO's role is to increase the wealth of shareholders, not just earning interest income by placing FDs with banks. Wealth= share price multiply by number of shares. By giving DY 10% based on 40sen mkt price, price will move and wealth will increase.
Now many wise men at Boardroom are sitting down and thinking ’How we can buy those shares at market without price going too high?’ Stick to your shares guys until price is reasonable...
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winmal
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Posted by winmal > 2020-12-31 14:58 | Report Abuse
Aminvestment perceive potential M&A and privatisation...