Aborting the deal is a blessing in disguise for SILKHLD. Their operating income from the oil sector is surely hit. But this cash cow will continue to generate income for them.
No institution will support this counter. The date postpone is the signal of bad news. I think the fund hse already exit since last week. Trade at you own risk...
Market cap at 55sen is about RM284m. Maybank valued the toll using DCF is RM389m OSVs biz long term value about RM300m.
Upside is about more than 100%. Is a turnaround stocks, have to wait for one or two years, when the positive results shown from growth in TOLL collection (Monopoly and defensive) and OSVs Biz, after purchasing 4 vessels the remaining 49% interest in the vessels and new buildings.
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....
sampool
634 posts
Posted by sampool > 2014-11-25 10:25 | Report Abuse
I think there r buyers in the waiting list for the highway. . juz they want to sell or not...