this share is tightly control by boss n his relative, i doubt any institution got chance to buy it cheap, even goreng to rm8 also yau tak tai mor tak sek !
Huatlai is currently grossly undervalued. Not only is the NTA per share of 6.05 higher than the takeover price of 5.00....it is a fat money making business with huge turnover....more than 20 times its paid up capital and steadily increasing annually. Fair value, as i see it, shd be around RM10....correct me if i am wrong. Thank you.
Again, assuming no loss again in the 4th qtr, at the offer price of RM5, it is valued with an extremely low PE ratio of less than 5.......where can you find an established money making business with very promising prospects at such low valuation. I hope a third party or the SC can intervene.
5. RECOMMENDATION 5.1 BY MERCURY SECURITIES Although the Offer is deemed “not fair”, Mercury Securities is of the view that the “reasonable” view outweighs the “not fair” view taking into consideration the illiquidity of the HLRB Shares and accordingly, the Offer provides an exit opportunity to the Holders (especially for those holding a significant number of the HLRB Shares) to realise their investment in the HLRB Shares in cash at the Offer Price without incurring transaction costs such as brokerage, clearing fee and Malaysian stamp duty. Since the listing of HLRB on 3 July 2002 up to the LPD, the HLRB Shares have never traded above the Offer Price (save for only four (4) Market Days i.e. 6 November 2015, 9 November 2015, 11 November 2015 and 11 February 2016). Accordingly, Mercury Securities recommends the Holders to ACCEPT the Offer.
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....
who_am_i
31 posts
Posted by who_am_i > 2015-12-09 11:10 | Report Abuse
up liao. Maybe TPC is up.... huat!