Sucker into buying their rights so that they can improve their leverage, it is nothing about looking after their shareholders, so really one can say they have a management that has little concern for shareholders return. So how can it become a good blue chip. It is not a KSL or a SHL or a Matrix in the property space.
GOB will go the way of ayam dingding...what is ayam dingding - you may ask? It was once a chain restaurant in Malaysia - but bankrupt dee...just like ayam dingding who waste his/ her rights issue money and now all gone dee....hahaha
if you don't sell now,...modal keranda pun tak ada....kena bakar jehhhh
@Forever:- Exactly. I think Eco-World is good at marketing, hence with a play maker coming to town, I am sure the property market at Batu Kawan will get sizzling hot later...... This would help to complement the short coming of Gob.....
actually, GOB now is focussing on completing Da'mein, the tail end projects at Seri Kembangan and launching of the JV with Lembaga Getah. Wait for a few more quarters , they will kick start batu kawan.
look at James70 posting - for GOB - it can be very illuminating.
@ dingding - saw you have posting at Tambun too...seems you make a heavy bet in the future of batu kawan by betting all the property developers which are engaged in penang Batu Kawan scene....
sometimes, my friend...when you feel the share price is going down...take a ride to Batu Kawan and you can see the future in GOB.
Unlike Tambun , GOB has 100 acres ++ land at Seri Kembangan. Both Seri Kembangan land + GOB land is purchased at low cost. Unlike Tambun, GOB got da'mein and the DNA from Malton....some say Malton is good , some say Malton is bad...management quality is subjective....assets and profits (and hopefully dividends) are real...
All the valuations method in this world - is subjective punya....
Actual outcome may vary from valuation
What is real? It is the market price of the land. Mkt price less (-) land acquisition cost = minimum profit to be made by the developer.
What for wanna susah susah develop this piece of land if you can sell and enjoy the minimum profit? That is what happen to the seri kembangan land that they sold off. The reason the developer wanna develop that piece of land (as opposed to selling it off) is to make more than selling it off....
Agree or not???
And this is not to mention about Da'mein - will recognise an asset and its recurring income + all the profits from selling off in these few quarters...
You say GOB's take up rate is no good (compared to EcoWorld) but Da'mein is already 95% sold off liaw. But yes lar...the sales occur during the property boom period a few years back....
Take a look at eyecon8888 and james70 postings about GOB - very illuminating...
Forget about optimus prime...that transformers only know how to read his ALL SPARK in his technical charts ....value wins at the end of the day....
property sales are slowing down, if you're looking for short-term investment, I don't think you should hold GOB, go for O&G if you're looking for short-term (not now, not a buy/sell call)
@huat_8888, batu kawan is future! Agreed! Ecoworld is going to have nice landscaping luxury landed house, 700-800k. Gob, with right issue @50cents, with current share price, hands are bloodly burn...
Have you visited the place, Batu Kawan. This will have to be a long term play and not for the faint hearted. But the potential is strong if you are able to stay the distance.
Stockdummy, agreed! I visited simpang empat many times!. Tambun indah has a very nice township there. Island houses too expensive, small condo need 600-700K, young couples, medium range are unaffordable. LMC apartment 300K.. If I was them I will pick a nice landed at Simpang empat.. GOB-Wa @ 0.18, conversion price 0.8, GOB should min 0.98... but now hovering at 0.52-0.55.. haiz
GOB should have just stick with their core area being property development. The monies spent on venturing into the F&B industry is better served the high loan liability and reward the shareholders with dividends.
The F&B segment is making losses and thus dragging down the entire profit for FY2015. What a shame. This segment is headed by a director Ta who is actually quite a young guy who is either late twenties or late thirties. His father's reputation precedes him.
Furthermore, this segment recently expanded into the F&B business in China.
But I guess this is going to be a classic textbook case of business restructuring...where you think you bought a prince at the price of a toad and able to kiss the toad and it will turn into princess. But the toad still stays a toad and you may need to sell the toad at the price of a prince.
Hopefully, this may not be the case.
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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....
dingding
843 posts
Posted by dingding > 2015-04-16 22:37 | Report Abuse
I bought at 1 before right issue. Now just .55, I lost all the right issue money