End of aug. swift. I only guess based on last year trend and fx gain because it is in export business which consist of roughly 46% of the business. Most furniture stock has appreciated because of this but not many look at food industry. Food industry is much more resistant than furniture. When market good/bad, people still need to eat. Furniture shop can close when economy no good. So it is considered a good investment for mid-long term. If you look at london biscuit revenue trend, you get an idea what to expect as london biscuit is the mother company. This company very good at cost control and it is a rare gem in this market where director mostly earn millions. Its efficiency is also improving. I think after london biscuit become major share holders, they can save further cost by cross selling and share export and distribution cost.
Kheesan's employees are so loyal to co whereby they are willing to subscribe ESOS at rm1, which is 67% premium to the share price, which is more than 1million ESOS susbcribed and converted to mother shares.
Thx for donation of money to the existing shareholders.
Market rumours saying that Khee San will be privatized by the major shareholder, London Biscuits at around its NTA of RM1.50 !!! Check it out.
The "golden finger" - Lim Pei Tiam is also the major shareholder now with more than 8% stake. The counters that he touched will move beyond 300% within 2 to 3 years time. Look at Super, Komark, Poh Huat. The next big move will be Khee San. It could be double to RM1.50 level within next 12 months.
Its coming AGM will be on 11/11. We could expect some "major announcement" to release....
unlikely take over by the parent co. Londonbis, coz the latter has no money, in fact, Londonbis wn to sell Kheesan to third party to get some money.
We also need to look at the timing of the buyout, since Kheesan is doing another batch of ESOS, it is highly unlikely that they will sell the biz right now.
I guess Lim Pei Thiam this 媒人 is searching for companies who're interested in Kheesan, meanwhile Kheesan will hv to continue to demand money from its employees to finance daily working capital.
If u look at the case of Komarkcorp, LPT had spent 3 yrs to dabao the biz and sell away.
So I decided to sell half at 80cents first
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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....
Unbeatable Nick
512 posts
Posted by Unbeatable Nick > 2015-04-19 20:03 | Report Abuse
well...huge doji there....be cautious