I like this counter GCE something is going to happan. 1 Capital repayment like TW Corporation. Company is increase Cash Balance to 70 Million by year end divide by 50 Million shares owing by public it will paid out RM1.50 per share. The Major shareholder get the Hotel in Malaysia and Minor shareholder can cash payment RM1.50 compare to market price RM0.75. 100% GAIN
This GCE have a chance to propose special dividend 45 sen before the year ended 2012. With the cash around 80 million after land and Old hotel for the last two year. This can push the Mkt price 72 sen to RM1.05 is the news is correct. Hope for it.
With 80 Million Cash after selling Land in Ipoh and Old hotel in KL and Melaka maybe the Broad think buying next door Merana EON Jalan Laut KL for expansion. Major shareholder make up of 72% from Singapore stop buying at 2009. (Now 3 years still no much volume trade in KLSE) 80Million Cash what to do with it. Earning from FD 80Million x 4% = RM3.20Million per year and paid 1.60sen to the shareholder of GCE.
Grand Melaka Hotel sold for MYR 21.5 Millions. have collected the Money. Then GCE have Cash MYR 80 Millions.in hand by year end Dec 2012. Note Hotel Grand Continental Kuala Lumpur 3 star at MYR130.00++ to MYR 180.00++ per nights (Cheap Rate ) Check internet booking and pay at hotel. Good Deal
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....