i was thinking with their 149mn cash purchase, IJM should be around 4.9x. but apparently a lot of investors do not think so. but after next quarters, should be back 5.1x range if their earnings are within consensus! anyway, another reason could be many already factored in the profit on paper for IJM's investments in Scomi!
Bad wheather like heavy rain, wind, storm n lightning at 45mph always cause major turbulance. The pilot 'MR.SCO' trying to find air ground at 40mph to stabilise...There will be more bumpy ride ahead, so advise to wear your parachute all the time, even you are in the plane toilet! :-)
but but... you guys are not reading the whole pix! the other proposals are still moving on. That was why i started buying back when restructuring was announced previously!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Frank Soweto
3,425 posts
Posted by Frank Soweto > 2012-10-16 10:21 | Report Abuse
parachute u mean rocket booster izzit haha :)