SOS Read this before you INVEST in Stocks
SOS Ekovest + 62% IWC good deal?
sosfinance
Publish date: Sat, 17 Mar 2018, 10:16 AM
sosfinance
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VALUATION DOES NOT DETERMINE THE PRICE, IT'S JUST A TOOL TO ESTIMATE A VALUE OF A BIZ
www.sosfinancialplanning.blogspot.my
"How do you save RM50,000? - I shared with a friend on how to do it. I got a term life for RM280 p.a covering RM100k until 70 years old. I cancelled my wholelife insurance of RM2,800 p.a. for the same coverage up to 100 years old. Save RM2500 p.a x 20 years = RM50,000. (PM0122037325)
.....IS THIS ARTICLE FAKE OR FACT?? ANYONE CAN CONFIRM?
www.sosfinancialplanning.blogspot.my
"How do you save RM50,000? - I shared with a friend on how to do it. I got a term life for RM280 p.a covering RM100k until 70 years old. I cancelled my wholelife insurance of RM2,800 p.a. for the same coverage up to 100 years old. Save RM2500 p.a x 20 years = RM50,000. (PM0122037325)
.....IS THIS ARTICLE FAKE OR FACT?? ANYONE CAN CONFIRM?
Is this article FAKE or FACT ??
LET'S HAVE A LOOK?
| Best Case | Worst Case | Reason | |
| Greenland Deal | RM1.8b gain | Cancelled | China capital control |
| Government Deal | Buy 6 plot & exchange | Cancelled | Get more land @ RM50psf |
| IWC existing land | RM24psf | Unable to materialise | Potential value of RM84psf |
| Ekovest | Able to help IWC | Unable to help | Able to help to materialised the potential value of land |
|
Ekovest without IWC |
Not Applicable |
Not Applicable |
Based on analysts fair value RM1.50 (at l |
| Ekovest with 62% of IWC | If Greenland deal cancelled. Ekovest burderned with debt and unable to realise full potential value of land. Since they got it at a quarter of potential value, able to do half, perhaps is likely? |
Not sure this decision table helps?
LETS LOOK AT WORST CASE?
1. They bought at RM24 psf, potential RM84psf - what it takes to make it RM84psf?
2. IWC is geting new land from Government exchange of land at RM50psf. Is this likely?
3. What is the value now? RM24psf or RM50psf?
4. What is the breakeven for Ekovest, even it is able to bring up the value from RM24psf to RM50psf, (a quarter of the land size), Ekovest will get their money back (including holding cost).
5. What is the probability of Ekovest able to enhance the value? >50%, If yes, I believe is a good deal.
IF YOU HAVE A DIFFERENT VIEW(S), YOUR FEEDBACK IS APPRECIATED
Please support it with facts and figures where applicable.
OOPS! EPF, AIA and PUBLIC MUTUAL will be representing the minorities of Ekovest will make the decision for us. So, no need to debate.
Whoever think the proposal is not good for minorities, I suggest write a proper letter attention to EPF, AIA and Minority Watchdog or even SC (if you find such proposal) is undermining the minorities of Ekovest.
After this article, I realise there are more to this proposal, such as subsequent listing of IWC, etc, etc (which I am not aware of at time of writing - have not receive circular).
22 March 2018 - Greenland deal (on 2nd payment) delayed twiced (once in Oct and once on 15 March 2018). Looking at the situation, it could be a blessing in disguise, minorities will likely vote against the deal, as Greenland deal will be the deal breaker for many minorities.
EGM OUTCOME
EGM outcome on 29 March 2018 - 69% vote AGAINST, 31% vote FOR. Total number of voter shares is about 640m shares from the minority. EPF and AIA must have voted AGAINST.
Anyone can confirm?
FAKE or FACT ?
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Discussions
2 people like this. Showing 7 of 7 comments
Refer to Offer Document dated: 12th March 2018, page 8. Item 1.2(ii)IWH-IWCity Share Swap: "Following the completion of the Offer, IWH will provide the opportunity to Ekovest to participate in the Proposed Listing. For this purpose, Ekovest is to DISPOSE of its IWCity Shares to IWH in exchange for the issuance of new ordinary shares in IWH."
2018-03-17 11:43
If the deal is accepted, Ekovest would not be able to realise future earnings as value of purchase will be injected into IWH. What do minorities get????
2018-03-17 13:14
After the IWH-IWCity share swap, IWH will become subsidiary of Ekovest. You think IWCity is given free to IWH?
2018-03-17 14:04
If the takeover of IWCity by Ekovest doesn't materialize it is likely the share price of IWCity will crash in line with other property counters. What support the market price of IWCity was the proposed cash offer if RM1.50.
2018-03-17 14:09
I thought i’m luckier than SOS by buying 3x Ock-wa@0.229. No more fund and could not take advantage of recent continuous slide to 0.190.
2018-03-18 11:05
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Striker90
Ur facts is very confusing
2018-03-17 11:28