I read the article, think 729mil is consist of Asia Pacific Schools (APS), Asia Pacific University of Technology & Innovation (APU) and Asia Pacific Institute of Information Technology (APIIT)?
A counter that is so undervalue where the cash it has is even more than their market cap! The total short term investment (bond) and cash of the company is RM160.37m. The total loans is RM327k. Hence, the total cash of the company has is RM160m.
Now let’s see what properties does this company has?
The total assets value is RM120m, which is far overdue for revaluation. Let’s ignore the revaluation part as we are not sure when will the company do it, hence we can see that the total asset value of the company is at RM280 million.
Something that we should not ignore is, they still haven’t include their office tower at Lot 91 which is a JV development with KLCC Property berhad which has yet to include in this property list. Can you imagine the value of this property?
Anyhow, let’s not calculate it since it is still under construction. Hence, the total value of Sapres property is RM120m, we give 50% discount to it as property market is not doing well now and to avoid value trap.
By using the Sum of parts calculation, Cash: RM160m Property (50% discount): RM60m So total is RM220m where the total issued share is just 139m. This work out to RM220m/139m= RM1.58
The share is now traded at RM0.80 which gives you 97.5% return. So is it a Dirt Cheap stock?
Sapres not doing well, but there are potential undervalued counters that can be traded on short term basis. For live market picks & counter analysis join my group, whatsap 601157968095
If u have not master the art of making monies safely in a speculative undervalue margin of safety penny stock like sapnrg, i think better keep ur big mouth shut mah...!!
The way u talk will make u look really very stupid loh....!!
This is bcos sapnrg will definitely beat your pchem selection over 1 yr period mah....!!
Posted by (S = Qr) Philip > Mar 12, 2019 09:36 AM | Report Abuse
If investing so easy I into you a better stock lo.
Go buy Parkson! It's worth 260 million, but the net asset is 3.7 billion. Cash is 1.37 billion ringgit.
This counter is stuck, they won't have any movement until they decide to sell some of their assets or when the LOT91 KLCC building is ready. Anyhow they are back by 140million cash
He should be sacked! Why are the directors not removing him? Shariman using his personal shell company to compete with Sapura biz segment. This kind of practise undermine the Company. He should step down.
Today announced that the Exec Director has cancelled the contract and hence there is no conflict of interest. Fool you once, shame on you. Fool me twice, shame on me. He can no longer be trusted to steer the Company.
Winding up petition on Sapura Holdings Sdn Bhd which is the holding company of Sapura Resources by the Director who previously committed conflict of interest and asked to take leave for few months. Something brewing and the hot steam... dun wash your dirty linen in public. Privatise Sapura Resources at some decent price and sort it out undertable.
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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....
KW0203
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Posted by KW0203 > 2018-01-09 18:20 | Report Abuse
I read the article, think 729mil is consist of Asia Pacific Schools (APS), Asia Pacific University of Technology & Innovation (APU) and Asia Pacific Institute of Information Technology (APIIT)?