Duittttttttt.....u r here at lastttttt...waiting so long....congratulation in advance?ohhh.....something is brewing,brader?haha,how to sell high when I buy high?
not a good thingla...u need to wait for one year as they need to find core business, not RTO. See Bursa will approve the proposed resolution or not. Normally, other companies will submit the plan earlier before the expiry date. Bursa will extend but not so long, normal will be 3 months, 12 months too long.
Maybe ask Samudra Director to buy over my boss company.. My boss company is providing services to MNC (Fortune 500 companies), annual net profit is RM7-8 million, strong cash flow (collect money from client on monthly basis). Annual growth is more than 15-20% per year (based on past 3 year record).. My boss will consider to sell at above Rm100million (12 times current EPS)
Latest financials show net cash (cash - all borrowings) to be around 110.06m Total shares - 183,428,800; Total warrants - 31,110,950. Net cash per share should be 0.60 Assuming full conversion of warrants, which will add another RM9.333m to the cash balance, net cash per share should be around RM0.5565.
In any case, it's still above the RM0.48/ share offered.
By buying out the warrants at 0.18/ warrant, it's just benefiting those holding the warrants. Buyback should only consider the SHAREholders.
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....
pok3rfac3
8 posts
Posted by pok3rfac3 > 2015-03-09 11:22 | Report Abuse
still holding? Im kinda worry about it already :(