Privatise??? 2?? Auto, it worth more than 5 if all assets liquidated let!! Don't be so unfair lo. You this mgt , manage like a zombie! no planning for future, all wait to die and distribute. Ask them pass on the assets to next generation faster! World is fast changing, no point holding assets and ton of cash and dunno what to do with it!
Why must take private to gain from disposal of assets? After disposed do what? Retired? Listing status in Bursa is more valuable than the assets. Free ATM any time need it.
Maybe special dividend coming & insiders are buying ahead of announcement. Last special dividend announcement was on 19 Sep 2013. I remember because I received a huge chunk of it :D)
the share price usually can't perform although good earning and high NA. unless they give good dividend ( cash in hand RM 65m, mostly keep in singapore bank with very low interest)but last year only gave RM7.50 per 1000s dividend,.LEE THOR FUXK is a very stingy old FXCKER, he got billions of money, but he don't border all the poor retailers, we hope his sons SIPEHSONG, then only the share price can reacted
Kuchai is the major shaerholder of Sungai Bagan. Kuchai holds 3 million Great Eastern and Sg Bagan holds another 1.7million. From Bloomberg, Kuchai ranks the third and Sg Bagan the fifth largest sharehoder in GE. GE Malaysia has to float 30% shares in Malaysia by June 2018. Kuchai is held by relative of Lee Rubber family. The ancestor formed OCBC bank and they are still the major holder of OCBC.Recently Lee Rubber has started to sell off their assets in Malaysia. Kuchai has only one employee in the company,very simple for privatisation or restructuring. Don't blame the old man,it is he who places Kuchai in this solid position. It is his way of management by paying small dividen that causes the price cheap against the NTA. It has provided good opportunity for us to enter into this counter. I thank the honest old man for me to collect the share for the past years.
KUCHAI share price has been stagnant for more than 10 years, how many years you still want to wait??? the best way is ask ROSEMA to force it to go private @ RM 5.00,so we can cash out and ROSEMA make RM 600m overnight. ( after revalue of sg bagan's 2,683 acres freehold land in kelantan,and the lands is very near to the town, kuchai's NA is more than RM 10.00 per share. kelantan has very limited freehold lands,the value of freehold land is more than rm 1m per acre) kuchai hold 26.51% stake in sg bagan
Plantations in the east coast i.e. Pahang, Kelantan and Trengganu poor development potential and suffer from constant floodings. Hence, the land thereof do not command attractive valuations.
Kuchai is the third and Sg Bagan the fifth largest shareholders of Great Eastern according to Bloomberg. OCBC holds 88% of GE.Losses from Kluang and Sg.Bagan are impairment losses from the available for sale investment which I believe is their holdings on Singapore Plubishing House.
kuchai have 3,032,000 share rank 6th and sg bagan have 1,733,120 rank 8th. although they are high ranking but they share are very little to the paid up capital only 0.64% and 0.37%
rumour said the SIPEHSONG LEE FUXK SENG will take private at 2.00, is far below NA 4.27 , retailers always helpless and losing side, KANDILOWBU A CHOW CHEE BYE
lloyd is different case,they use 500 proxy to vote for them in the egm, each proxy hold only 100s , , they have many workers and villagers to use as proxy.as the result of egm 488 sholders votes in favour and only 15 sholders votes against.so the SCR exercise success i dont think KUCHAI have so many workers and villagers to be proxy
Aiyo...Maybe special div coming la. Last time special div was announced on Sep 19 2013. U can go & check if u don't believe me. I remember coz I was holding 5,400 SBagan, 2,000 Kluang & 6,800 Kuchai at the time.
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....
YS Chan
4 posts
Posted by YS Chan > 2017-08-22 17:10 | Report Abuse
What privatisation? They don't have any business. They only a lot of shares in Great Eastern, S'pore.