Posted by CentnSenses > 2018-06-12 01:20 | Report Abuse

Eko's NOSH is 2,139.2m shares. But also note that Eko has 9.38% of its own shares. So, the effective NOSH is now 1,938.54m shares.

Eko's AR2017 valued its 60% stake of Duke 1&2 at $1,695m. Its latest Q3 report valued this 60% above $2,000m. So, I guesses the worst case is $1,695m (note that this is same as EPF's 40% stake's cost price bought in Dec2016. Would government let EPF making a loss?).

So, the government should paid Eko at least $1,695m for Duke 1&2 take over.
Duke 3 although not yet completed, its cost already absorped fully by Eko at about $5,000m. If concession agreement is effective, although Duke 3 is not completed and not yet started operation, the government should still pay a little more than the cost price. However, we take it as government only paid the cost price on Duke 3. So, no gain and no loss for Duke 3.

In conclusion, we are talking about Eko's concession asset liquidation here which will be the main theme for Eko within the next 3 years. The net effect is Eko get at least $1,695m cash from government, or effectively 87.4c/share. Now this is cash (at its present value), do you still want to discount the cash from its norminal value!??

So, any valuation below 90c/share is utterly nonsense!

Posted by qqqq_ss > 2020-06-15 21:18 | Report Abuse

Pinepac NTA 1.37, now 0.28 ? https://klse.i3investor.com/financial/QoQ/quarter/1902/31-Mar-2020_1533977188.jsp

Posted by KAQ4468 > 2020-06-15 23:06 | Report Abuse

Next year RM1.20

Posted by stainlyho37 > 2021-03-01 16:19 | Report Abuse

collect as many as possible!!...recovery with support by Duke highway !!!! a hidden gem ..