NTA is probably closer to RM0.60 I believe but mostly cash. Hopefully, Pui can force the hand of the controlling shareholders into distributing more cash. :)

You need to be patient with these value plays. IMO the best thing about Abric is that if market turns south, they may not be able to find anything to buy and will have to distribute back the cash. So in a way, it's quite defensive. heh heh...

This Mr Pui here is a big investor in Cahya Mata Sarawak. His stake in CMS alone is worth RM210 mil at today's price.

Thought Mr Pui's move is so interesting that I wrote about it in a blog:
http://klse.i3investor.com/blogs/Eyeonmarket/

Some things to note in a rights issue:
http://stockresearchasia.com/key-things-to-note-in-a-rights-issues.html

http://stockresearchasia.com/1/post/2015/01/abric-berhad-update-continues-to-be-attractive-value-play-at-ex-div-price-of-rm0425.html