KLSE (MYR): UOADEV (5200)
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Last Price
1.89
Today's Change
-0.01 (0.53%)
Day's Change
1.88 - 1.89
Trading Volume
73,900
2024-08-20
2024-08-19
2024-08-16
2024-08-15
2024-08-14
2024-08-14
2024-08-14
2024-08-13
DividendGuy67
1,078 posts
Posted by DividendGuy67 > 2023-07-20 21:25 | Report Abuse
When it was trading at RM1.6 just a few days ago, people don't realize that the Net Cash position is at least 91.5 sen (= 2.204B - 0.245M borrowings = 2.204B Net Cash / 2.409B ~ 91.5 sen)!!
Which means net of cash, the entire business was on sale for only 1.6-0.915 = 68.5 sen!
This is a company with NAV of RM2.4! Less cash = 1.485!.
In other words, excluding cash, the company was available for sale at 0.685 / 1.485 = 46 sen for every RM1 of Net Asset Value!
The margin of safety was super incredible!!!!