Right Issue @ 17 cts in July 2017 for purchase of ICT solution provider ASAP Bhd for RM73 mil with a profit guarantee of RM15 mil cumulative profit after tax for two years.
Let's say ASAP contributes RM7.5 mil a year to ORION. Based on 589,956,390 total shares, TP should be like that.
$0.125 based on 10 PE ratio. $0.190 based on 15 PE ratio. $0.250 based on 20 PE ratio. $0.375 based on 30 PE ratio.
Actually technology stocks deserve how many PE ratio. Guess yourself. Here is ASAP's historical financial information from 2013 to 2015 but couldn't find 2016 or latest.
Acquisition and right issue done already. ORION's share price dropping just because they haven't make profit yet. Wait one more month then you see yourself.
The deal has done on 2 August 2017. Do your own homework. I don't want keep promoting here. Haha..
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....
phoenixqueen
350 posts
Posted by phoenixqueen > 2017-08-28 15:34 | Report Abuse
i paper trade with duit sifu only