The loss is just due to Forex translation. It's not like SPB is into Forex trading and converting the US, Australia and Singapore dollars to ringgit. There is actually an increase in revenue. Project launches are postponed. A bit disappointing but expected given the current mood. In fact, better to be cautious than to be too brash in starting new projects.
Some people were too hasty to sell, without fully considering all aspects. They forgot about the 50 sen dividend. The bigger investors saw an opportunity and came in. The price has gone up again the last two trading days. The dividend is a comforting safety net.
被人忽略的投资组合:VALUECAP, New position: Selangor Properties Berhad http://investips.my/?q=shareholders/valuecap-sdn-bhd Annual Report 2016 Public Bank, page 258 "The government’s announcement of a RM20 billion infusion into the market at the start of the fourth quarter to buy undervalued stocks through ValueCAP shifted sentiment toward the positive again, with the FBM KLCI rising 5.9% in just two weeks. "
5.70... is undermining the intelligence of minority shareholders. The NTA is 7.16 (before revaluation of their so many properties in damansara heights) ... I personally will not accept the offer of 5.70
Was totally unaware of this until 2 hours ago, while I was sitting at the mamak stall leisurely sipping teh halia & reading the newspaper when the article on the takeover popped out to me!
Wow! I bought this @ 4.557 avg in 2016 & was losing -12% until yesterday...now I can wait until Monday before deciding whether to sell! =)
Payment of 5.70 not confirmed yet. Needs to hold EGM to approve where a high 75% of minorities must vote Yes. Also minorities who vote No must be less than 10%.
credit suisse, valuecap n icapital should take d lead to come out n protect ur interest! u dont't want to sell at half it's actual value to d major shareholder just because d global market is down. we only need 10% to reject tis unfair offer! if d major shareholder think their share is unfairly valued by d market, they can always offer a GO to buy up from d minority who wants to sell but not to force every minority to sell to them at a bargain!!!
investors who invested in spb at not beggars!! at 6.30 its still less than half its actual value! once n forall give a fair price or just go for a general offer!
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....
chewysoon82
218 posts
Posted by chewysoon82 > 2016-03-04 11:48 | Report Abuse
hope can break rm 6 soon...