MG is very careful when they accumulate the stock. They are making sure to ONLY BUY LOW. Can see their strength in FA. Better to buy when the price is below 1.
It is not cash-rich but it is relatively light on debt. The only borrowing it has is a five-year RM300 million medium-term note. Interestingly, the debt expires on Dec 28. Based on Media Prima’s 2QFY2017 accounts (ended June 30), the group had RM286.9 million in cash.
However, about RM105 million would have been used for the acquisition of Rev Asia Bhd and Youth Asia Sdn Bhd, which was concluded on Aug 1. This leaves the company with a net debt of RM118.14 million or a net gearing of 9.5%.
Based on its book value, Media Prima has a net total asset of RM1.12 per share. Stripping out intangible assets of RM431.55 million, it has net tangible assets of 75 sen a share.
Both companies have capex-intensive businesses, carry a lot of borrowings and are in net debt. However, both also have a lot of cash — Axiata and Telekom have RM7.37 billion and RM1.55 billion respectively. In contrast, Media Prima’s market capitalisation is less than RM1 billion.
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....
Khairi Mohamad
94 posts
Posted by Khairi Mohamad > 2017-10-31 17:37 | Report Abuse
http://www.theedgemarkets.com/article/could-media-prima-be-ma-target same writen by bone