it had been one of the weak performing company. Many oil palm stocks fair better then them. KUB failed in their vision commitment to shareholders. Their businesses have not been achieving sustainable profits to pay out good premiums. I received RM20.00 for a premium. It really needs a thorough revamp to its business model and management.
Read the Independent Advicer to the take over Offer Affin Investment bank report : " Based on the SOPV method, we have derived the estimated fair value per KUB share is RM1.59 . We are of the view that the offer is NOT FAIR and NOT REASONABLE. Accordingly we advice the holders of the Offer Shares to REJECT the offer ".
49 sen to 53 sen range until expiry offer date. 20 July is either make money or Doomsday. Another nine more days of scary and stressful wait. I think good chance kub will move up on 20 July. Correct me if I am wrong. Maybe the MTO is a success.
Kub managing director Datuk Abdul Rahim Mohd Zin expressed his intention to reject the offer in respect of his entire shareholdings in Kub two hours ago. Go read star online news. I think the possibility of MTO being successful is remote , maybe 1%. Correct me if I am wrong in my assumption. Kub ought to be up and up after 20 July.
Bursa has ok the mandatory buy back share. The majority shareholder has made call. What can minority shareholders can do? None. 1st time seeing buy back lower than market. Very strange. Ceo is just a wage earner. No power to reject unless from board.
somebody still do not understand about this MTO and made silly comments in this forum....OK read this carefully...Actually this offer is asking you agree or not to sell your shares at 35sen...and for sure no crazy people is willing to sell.....so finally this offer will lapse on 19 july no one will be paid......
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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....
wykuek
22 posts
Posted by wykuek > 2017-07-03 11:28 | Report Abuse
when positive news we can think to run , at the same time when negative news we can think to enter .