At the moment, clean profit 63 million=0.87/share after all sold. Fair value. Let them come out how they want to reinvest for a better profit margin and increase the confidence level for the share holders. They have been transparent so fa (by my own evaluation)
Hi everyone, got to understand one thing. Fair value is 0.87. After dividend ( if proposed @ 0.30) will go down to 0.57. There is no difference @ what price you buy. Once the dividend is given, the price will be adjusted. What will be more important..... 1) Price to go up to 0.87 2) For it to move to that level, hope they can make an early and wonderful announcement on how they are going to invest the 63 million. 3) Better still, if they are not going to invest and return back the 63 million to share holders , than the price will be @ 0.87 (based on 63 million). At the moment I have no idea what the major share holders are thinking. Will be good, if they themselves support the price. Also trade with caution. If not holding that much than ok. Thinking of cutting lost, must make a decision. If can hold on than have to wait for news.
Once they finalize the sale. It will go to PN16 (until decision is made where they are going to invest), that means anyone whom want to buy this share is with cash. Does not mean is bad, only not to manipulate its fair value.
No matter how low the price is. Just wait for the announcement. Once it is released, the share price should be at least 80c. Buy now or buy later.. only two options when u look into this stock.
Well, the best thing will be.............. if they are not going to reinvest............63 million return back to share holders............0.87/share and why not? Without any dividend. Lagi bagus. I will vote for that.
No matter to warrents holder. If u dont want to exercice to mother, just sell it when the warrent price spike around 50-57c. Give chance to others to exercise.
GuruB, difficult to say anything at this juncture. As mentioned on their 24th Sept announcement, they have entered a conditional sales and purchase agreement (SPA) and payment should be made on cash basis after the completion of the SPA. Will have to wait for announcement, if they have completed.
Do not fear about the dropping of share price. If materialised, share price spike back. We pray for proposed disposal will come true. Next nothing to worry..
Please sell all, if want to. No doubt a fair value is @ 0.87. Will not be able to justify anything at the moment. There is no buying momentum. Want to hold on at own risk. Will only be good, if there is an announcement on where they are going to reinvest the 63 million. At least the share holders will know if the investment is worth it.
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Posted by persie > 2014-09-29 20:15 | Report Abuse
Just sell it. There will be the buyers await.