The net asset of RM6.4 bil or RM1.2x per share is misleading given that there is RM5 billion of intangible assets (accounting crap) - in that sense, it is not as undervalued as it seems
Taking out the intangible assets, the net asset per share is apprx RM0.27
Which pretty much explains the low share price despite having one of the lowest price to book ratio
By the way, didn't the share price grew from 0.15 to 1.72? ATH? You "genius" ...
So the assets value not better than 15 years ago while the share price was 0.15??? You "genius"...
Why you "genius" diam diam when the buy volume was high and just come out to cast stones when the selling is happening? Who you genius work for? Explain yourself "genius"...
VT mentioned about the possibility of privatizing BLand for years already, so is listing in Singapore. I have to wonder, given his past records, if Singapore is willing to let VT list there or if BLand privatization coming soon???
Aiya, if you want to own BCorp exposure, better to buy up the loan stock (LD) instead.
Trading at a 4 sen premium (23sen) to Mother Share (19sen) but paying 2.5 sen dividend per loan stock in April and October'21 thereafter it will be converted into mother shares of BCorp (because BCorp won't have enough cash to retire RM700mil in loan stock).
And you know it won't default because VT himself owns 30% of the outstanding loan stock (check the most recent Annual Report)
With shares pick preferences at current environment and bad performance by leadership with personal inclination, hard to gain trust. I'm doubt with each berjaya share value and appreciation from all businessess.
Fund managers will not want to touch this counter for sure due to the character of the leader who only takes care of his own pocket. Hope someday someone or suddenly some syndicates to goreng this counter and boost the volume up.
Hardly seal any deals dealing with this tycoon. The controlling interest is staggering and how can one earn from his stock. Let him privatize, I'll have my money invested elsewhere.
When VT wanted to buy Cosway, he said blah blah deal, ended up with little profits to be seen by shareholders; When VT signed Vietnam Toto, he said another blah blah deal, ended up profit yet to be seen after 4/5 years; when VT said dividend post Kyoto Four Seasons sale with huge profits, he spent more on buying his related companies' shares than paying out as dividend; Oooh, he said BCorp is worth so much and so much, yet he dares to have his board signing MOU to buy his Singer (which was initially a BCorp subsidiary) valuing at NA but issued with BCorp shares at 80% discount. VT said many shits, which shit would you trust???
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Survivor13
710 posts
Posted by Survivor13 > 2020-12-06 16:48 | Report Abuse
heading to rm 1.50