we could have easily 50 million shares traded at 0.195, wonder who's buying and who's selling, given low liquidity of less than 700 million floating shares? Investigating Penta's holding would be extremely interesting...
To break the doldrum, it'll need one big fund such as Public or Hwang to spot the value in BJLand and initiate buying. Just relying on retailers, there's no way to go against VT's fancy.
dont judge the book by its cover but old people proverbs always mentioned face can determine the character of a person. I think old people is wise enough. For example, please click the link to see the face
0.195 seems safe. aiya, I made the wrong decision on this junk. should have reminded of the wolf pokai Vincent attitude. he holds almost 85%, basically game over. he control the whole roulette game
Actually VT is doing "charity" selling at current discount... with EPS of 3.64 & NTA of 0.85 it's better than FD with potential for capital appreciation in future...most probably will move up before Godfather retires in 2020 and also there's a court hearing to finalize on Selangor Turf Club land in July, GMOC Arbitration in 3 month's time in September & Jeju Korea Compensation in October if you read the latest Qtr's. report...
With 2 months before year end closing, is VT readying for his big move as notice already given & his determination to keep price low before privatisation? Btw what happened to Robin...is he the one selling?..looks like no longer in Dad's favour?
with 84.684% after VT giving notice, according to Bursa takeover rules...VT needs another 90% of the balance of free floating shares (15.316%) before can forced acquisition..no one will take up the offer unless similar to Penta/BJCorp deal complete earlier in March :)
If this off market deal is purchased by VT or Berjaya, means VT controls above 85%, no more waiver from BURSA, GO has to go, correct me please if I am wrong on this type regulations.
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....
shortinvestor77
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Posted by shortinvestor77 > 2019-06-25 09:06 | Report Abuse
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