i have received circular from canone regarding the acquisition of remaining 20% of f&b. i think this is not a good deal because the vendor who hold this 20% of f&b company, after the acquisition will hold 20.69% of entire canone. according to fye 2014, the vendor's 20% of f&b company only contribute pat 7.22mil to canone, but the pat will become 14.69mil after hold 20.69% of canone.
maybe the deal of acquisition of 20% of F & B......fear of bad deal and new shares cause it to drop.....let correct first.......then turnround...it is said a good deal.......then it will go ....hopefully and reward us accordingly.
MSWG was "puzzle" on Canone deal pointed out the deal was unfair to shareholders of canone. those who attend the the egm on 28 may, please reject the proposal on the acquisition. it was totally unfair to us.
LOL....canone was queried left right centre when they proposed to acquire kian joo at 1.65 when the share was traded at 1.20 level, and luckily the deal went through......but no one seems to thank them for their bold move then that help to increase the value of canone.....lol...
as the leaders of company, they have responsible for looking for any good deal to increase the value of company and avoid any unfair deal that cause all shareholders in loss. don't forget we paid them salaries.
lcng123 , can1 and kian joo are super rich company , to be fren they can sell it any time at RM4 / share , but as a good [profit company they aim more higher target
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....
xm88
88 posts
Posted by xm88 > 2015-04-17 06:22 | Report Abuse
Hopefully the reward is coming!