selling rm300 millions worth of land to pare down debts will save CCM 8.5 millions a quarter. together with pharma, chemical, polymer biz profits minus cease operation of loss making fertilizer biz. CCM will see profits before tax of at least 100 millions annually. At 1.45, it is the cheapest Pharma company in malaysia.
for short term..in long term will be like another LION GROUP...stupid
paring debt by selling land, a prime land which is Shah Alam is definately stupid thing,instead of selling why dont develop a property over there,if TIONG NAM can do it why cant you?..
I dont understand 1 more distribute cash cow company(CCMDBIO) just to satisfy PNB & no vision shareholder,terok2 those on top management just same like those in FGV... if you focus on polymer production just acquire small efficient company like what LUXCHEM doing,now by give PNB free2 CCMDBIO you(CCM BERHAD) losing cash cow.
You(CCM BERHAD) were not give shareholder a door to realized the holdings but losing in the end.
THE ULTIMATE WINNER WERE PNB...Wahid is brilliant,if LTAT got PHARMANIAGA,PNB got CCMDBIO....bravo TS WAHID
price of CCM now is 1.55 and CCMDBIO is 2.07. So what will happened after the proposal ??? Simple calculation. Say you buy 3000 units of CCM now , you cost will be 1550x 3 = 4650. After the proposals, your 3000 units will become 1000 units of CCM shares and you will get 2000 units of CCMDBIO. If you sell all CCM and CCMDBIO shares at current price ,you will get 1550 for CCM and 4140 for CCMDBIO at the total of 4650, same as your cost...back to square one.....
will do a detailed article on this. but the real value many people have not taken notice of is that the interest cost of CCM will fall from about RM21 million currently to about RM5 million after the whole exercise is completed.
If you hold one lot of ccm, after restructuring, you are entitle to get 1/3 of ccm, and 2/3 of ccmdbio.just a mathematics cal......however, the share for ccmdbio now is keep down trend.. I plan I will sell first, wait then after restructure, will buy back ccmdbio.. more realistic!
I cannot understand why got people selling CCM. After restructure, 1.48/3=0.49, 2.04(CCMDBIO price)/3=0.68, so 0.49+0.68+0.68=1.85 CCM is worth RM1.85 per share. You don't know mathematics or I mistake?
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....
shunfeng2032
153 posts
Posted by shunfeng2032 > 2017-03-19 20:14 | Report Abuse
selling rm300 millions worth of land to pare down debts will save CCM 8.5 millions a quarter. together with pharma, chemical, polymer biz profits minus cease operation of loss making fertilizer biz. CCM will see profits before tax of at least 100 millions annually. At 1.45, it is the cheapest Pharma company in malaysia.