hi guys I got some good news but the nature of the contract, size etc. is not very clear, hence I don't want to print it here, sure u guys understand. The chart looks good too - you decide OK !
Type Announcement Subject OTHERS Description Article in the New Straits Times dated 6 February 2014 entitled “ Tadmax in RM1b land sale talks? ”.
We refer to the article in the New Straits Times dated 6 February 2014 entitled “ Tadmax in RM1b land sale talks? ”.
The Company wishes to state that it is in very preliminary discussions with various parties, including Felda Global Ventures Bhd, with regards to its holdings in Indonesia. No definitive terms have been discussed with any party to date and discussions have been generally exploratory. The Company also further wishes to state that it has not appointed any Investment Banker for the purpose. As such the Company wishes to inform that there is no basis for the contents of the aforesaid article.
The co has at least acknowledged that it is in preliminary talks on what to do with the land. This is a good sign. First, it owns 80,000 hectares of land in Indonesia with a book value of approx RM67mil or RM333 per acre only. Hence, very substantial potential capital gain (maybe >RM300mil?) will be there. It will be great if someone can find out the latest market value of the land in Indonesia. In addition, it owns another parcel of land bank in Pulau Indah which may be very much undervalued by now. Just download its annual report to verify and find out more. :-)
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....
air01557
2,511 posts
Posted by air01557 > 2014-01-29 17:11 | Report Abuse
HOLD and accumulate - the big Ang Pow will come after CNY