I think the share price likely to go up after ri bcos he might get >70%, those want to sell probably already sold. I think it is rather illogical it go down after ri, but always risk in market wish it is a good risk..:)
i think that pkhkc is playing by the book, step by step as I mentioned above I take it as a bet, a safe one nonetheless because the company is backed by solid assets, not like those software company with no assets one thing I am not sure is the last step which is very profitable (ananda punya play thing) not sure that pkhkc will take things that far. look at karma befalling anada
most of the small cap he owned is <30%, if follow this trait he will bring down his holding but not at a loss, he paid at least .10 for it. goreng2 will come eventually.
anyway, interesting calculation before and after rights let's see if it is worth to makan the company
before 758M shares, NTA 0.40 = 303M market cap robert tan shareholding 16% to eat the company needs to buy over 0.84 x 758M = 636M shares assume in the end average around 0.35 per share (very optimistic assumption) then need to fork out 222M to buy 84% of remaining shares (worth only 254M) earn only 254-222= 32M
after 2274M shares, NTA 0.20 = 454M market cap assuming all rights he makan habis habis, he still needs to buy over 0.84 x 758M = 636M shares effective shareholding shot to 2274-636 = 1638M shares (72%) "cost" is only 151M (not exactly cost) if MGO for remaining 28% at 0.20 (full price la), needs 127M (usually less la) total needs 151+127 = 278M more than before RI 278-222 = 56M
but but but, is it??
278M for 2274 x 0.2 = 454M woh EARN WHOPPING 454-278 = 176M (profit 63%)
not including revaluation and injection of assets into other listed companies so if you were pkhkc robert tan hc, you goreng ikan bilisssss or not?
No worry...buy further, by next week people will realize that it is traded at such a low price and see the potential of this counter. When OR ceased from trading next Monday, the uptrend will come. It happens to many many counters with renounceable rights!
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....
volks2
1,116 posts
Posted by volks2 > 2017-03-28 10:32 | Report Abuse
coming up soon