after the sale of the JobStreet.com business. The search for new businesses and investments continued though as we met with many business owners and considered various investment proposals. Although we have not found a suitable target at the right price, the search has been a positive experience
December 2015 compared with RM275.6 million at the end of the previous year. This includes distributable reserves of RM54.0 million in the Company. Our cash reserves and short term investments in money market funds amounted to RM124.4 million at the end of 2015. Apart from cash and short term investments, we also have another RM47.1 million invested in 1010 Printing Group Ltd, Asiatravel.com Holdings Ltd as well as quoted securities under a managed portfolio. As at 31 December 2015, th
opportunities at acceptable valuations. In the interim, the Group will depend on the financial performance of its associates, 104 Corporation and Innity, the performance of its investments in Hong Kong as well as deriving rental income from the Group’s investment properties in Kuala Lumpur and Johor. As highlighted earlier, the tenancies with SEEK Asia group in respect of Wisma JobStreet.com will expire in January 2017 and apart from any extensions agreed then, the ability of the Group to secure new tenants is uncertain. The Group may also have to invest a substantial sum in refurbishing the property before it can attract new tenants.
wants to sell their good company to us unless we pay a very good price for it. Therefore, we are open to take a smaller stake of good businesses run by good entrepreneurs.
The irony is that when a start-up company raises a new round of funding at a higher valuation, the media and their shareholders get excited. However, if a listed company were to raise the same amount of money, normally their shareholders
Mr. Koon Hong Teo is on the Board of Directors at JcbNext Bhd. Mr. Teo was previously employed as Accountant by Beecham Pharmaceuticals Pte Ltd., President by Carrier (Thailand) Ltd., Director-Strategic Planning by Carrier Corp., a Managing Director by Carrier Singapore (Pte) Ltd., and Non-Executive Director by Jobstreet.com Pte Ltd.
He also served on the board at Enerpro Pte Ltd.
He received his undergraduate degree from National University of Singapore and an undergraduate degree from the Institute of Cost & Management Accountants of London
year, the remaining cash we have in the bank we view as our "paddy seed". We like to protect that seed well and hope to use them to plant the next paddy field that would give us many times in return. When the climate is not suitable, we prefer to wait instead of planting and wasting our seeds. We prefer to plant a bit of seeds to try out before planting most of our seeds. If we are not sure, we pre
s management, we do hope we have the mental toughness to be sitting still instead of trying to be busy and doing everything wrong and lose all our money.
see? Mark Cheng wrote all these! he is such a honourable person to work will. I AM WILLING TO PARK my money and sleep well with him, knowing he is a responsible. He still young, he GOT MANY YEARS TO go. Grow with HIM, that's my thought
The Edge Financial Daily pointed out that the group's assets consist primarily of investments in associates, short-term investments, available-for-sale investments, cash and investment in properties. Its financial statement for the third quarter ended Sept 30, 2016 showed total assets of RM321.5 million versus total liabilities of RM2.25 million, giving a total net asset of RM319.3 million or RM2.28 per share.
Quoting an analyst who has been following the company, the report also said that the recent acquisition could be a signal that the company has found its next venture.
Based on RNAV methodology, the estimated RNAV of the entire equity interest in JcbNext is approximately RM361.19 million, which translates into an estimated RNAV per Offer Share of RM2.58. The Offer Price of RM1.20 represents a discount of RM1.38 (or 53.5%) against the estimated RNAV per Offer Share of RM2.58.
The Joint Offerors intend to continue with the JcbNext Group’s existing businesses and do not have any plan or intention to liquidate JcbNext or its subsidiaries. Nevertheless, as part of the business management, the Joint Offerors may rationalise and/or restructure JcbNext Group as the Joint Offerors deem necessary; (ii) The Joint Offerors do not have any immediate plan to sell the assets or redeploy the fixed assets of the JcbNext Group or introduce any major change in the business of the JcbNext Group. Nevertheless, the Joint Offerors may explore potential opportunities as the Joint Offerors consider suitable which may include, but not limited to, strategic investments and acquisitions, rationalisation and/or restructuring of the JcbNext Group, taking into consideration the announcement made by JcbNext Board on 29 November 2016 in relation to the third (3rd) quarter financial results; and
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....
paperplane2016
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Posted by paperplane2016 > 2016-10-14 14:04 | Report Abuse
after the sale of the JobStreet.com business. The search for new businesses and investments continued
though as we met with many business owners and considered various investment proposals. Although
we have not found a suitable target at the right price, the search has been a positive experience