KUALAL LUMPUR (Apr 10): Based on news flow and corporate announcements today, the stocks that may be in focus tomorrow could include the following:
Malaysian Resources Corporation Bhd (MRCB) announced the sale of Platinum Sentral to Quill Capita Trust (QCT) for RM750 million.
MRCB stands to gain RM240 million from the disposal of the property. MRCB said the gain represents 15 sen earning per share for MRCB for this financial year.
The RM750 million sale will be satisfied via cash of RM486 million and the issuance of 206.25 million new QCT units at RM1.28 per unit.
Simultaneously, MRCB had entered into share sale agreements with CapitaLand RECM Pte Ltd and Coast Capital Sdn Bhd to acquire their respective 40% and 1% stakes in Quill Capita Management, the management company of QCT, for RM6 million.
With the acquisition of the 41% stake, MRCB will be a significant shareholder in Quill Capita Management.
In textbook, it's called premium. In reality, it's called time value. The time value that u pay is 50% relative to the underlying share. Let say a charted valuer does a valuation on a piece of land & his report turned out to be $x. The landlord sold it to u at $1.5x. U know that a highway will be built adjacent to this piece of land that u bought. So u paid $0.5x to buy 4yrs time for that to happen & eventually lift the value of your land to many times x. Do u see a highway being built adjacent to MRCB in 4yrs time?
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....
asoh
815 posts
Posted by asoh > 2014-03-11 12:25 | Report Abuse
still no wind, no news, so slow....