Good time to collect!!! The stock offer potential price appreciation to shareholders.
An offer of 300mil = 2.15 per share (65% upside) 350mil = 2.50 per share (90% upside) 400mil = 2.85 (120% upside)
Even at current price, the stock is only trading @ 0.5x book value. This provide a good margin of safety to potential shareholders. Current market cap is only 180mil.
What are u guys talking about?!! Confusing people lah like this.... Deal is on the apiit school lah. Ekuinas want to divest their education portfolio this year. They can get better valuation if they can acquire 49% of apiit from Sapres. Apiit is the main contributor to Ekuinas' education portfolio. If they don't get the remaining interest, will not be able to make a lot of money when divest. Just wait for announcement. Should be soon.
Just have to be a bit patient. Heard that Ekuinas has already started acquiring the other minority interest of the other education companies like Tenby, Unitar and Klmu in preparation for their divestment. Apiit is the only one still pending. Amongst all the education companies, Apiit is the most profitable one.
2016 will be the 6th year of Ekuinas' investment in ILMU consisting of Unitar, Cosmopoint, Tenby and APIIT. This will be the last year where they will need to divest their ILMU portfolio. Delaying divestment will effect their IRR result ( which is the main matrix to measure their performance)
They actually started their ipo process in 2015 but faces delay which i assume was due to delay in acquiring the remaining minority stakes. From what i heard, they have acquired all the other minority stakes in their other education companies except for APIIT.
Ekuinas would want to acquire the remaining shares of APIIT since it is the biggest profit contributor in ILMU. Without it they will not get a high valuation for ILMu when they want to exit.
Currently they are also looking at the possibility of divesting via trade sales. Be it ipo or trade sale, they still need apiit to get a higher exit valuation.
hhahaha...those who chase until 1.60 can shake themselves tonite...who wanna buy this company at that price man...only the company untung la...u think they gonna share u the money ah?!?!?....sohai
Hahaha... interesting movement for this counter today. Yup, I sold mine early in the morning and bought it back. Some may think that it is crazy after selling, I committed myself again. I sold above RM1.50 and bought back at RM1.43. That will help me discount my buying price by RM0.10.
The main reason why I bought it back consists of a few: 1) The NTA is around RM2.63 which is way above the current price. 2) Having sold their education arm, yeah... I am aware that it is money making engine for the company, I believe they would be able to focus into other more profitable area. With the cash from the sales, they would be able to maneuver easier. 3) This counter is highly political. Yup... go check out the latest move from Non Executive Director to Chairman. Check out his back ground. See anything interesting there? We all know that there will be massive budget for development allocated to Sarawak state. Afterall, they are the FD for our current Government, ain't they? So, my view would be.... well... use your imagination lah.
Anyway, I have been monitoring closely the movement of this counter today. And yes... it was pushed down on purpose. For whatever reason, I would not know. Maybe today is a Thursday and not Friday and based on past movement, this counter will only wake up on Friday... LOL!!! Anyway, I will be keeping mine and hope some interesting development will be revealed soon. All the best guys.
Oh... one more thing. This counter is a cornered counter. Meaning there is not many free float in the market. So, it would be easy to manipulate the up and down of this counter by whoever... if you get the drift. LOL!
Aiyooo... I don't know how to address you loh so I will just call you puncakkps kikiki... yup, you may be right but I am in no rush. Let them do whatever they need to do and just make sure they give me a good return in the future. LOL!!!
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Posted by TheRealTurboChart > 2016-01-28 10:15 | Report Abuse
Buy buy buy!!!!!!!!!Good news coming!!!!!!dont miss the boat!!!!!!!!!