All depend on EPS next year. Their money all go into land already. With 200% increase of share, not easy to maintain their dividend. I foresee is around 3 sen.
I have diff opinion, buy BDB and when OR cease trading, the shareholder will push the price to higher so that people will willing to convert to mother. That is the time to sell. Unless u r long term investor. Property market is very soft nowadays.
Raise around 90mil plus through right issue,.give u free bonus issue. Another 100mil through giving share to the land owner, means Kedah gov arm company. Another 10mil through cash from BDB. All together ard 200mil. Land owner bought the land at 40mil plus now sell at 200mil. BDB have no plan to use the land now. Is for future. In my opinion, is Kedah state gov who need the money to develop. Just my opinion.
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 3131 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....
teor cheosoon
266 posts
Posted by teor cheosoon > 2013-05-28 21:32 | Report Abuse
under value counter to watch