JamesPond, sorry for late reply. Just read your question. What Singh1 said is correct. The project is a joint venture between Holborn n TAGB. Cost n profit is shared 50% 50% between them. However, TAGB bought over the hotel portion at the market price from the JV company. The remaining apartment units are sold to the markets.
For TAGB shares to go up, I don't think their property devt and hotel biz plays a significant part, at least not now. I believe the day the Directors stop using TAGB borrowed funds as casino chips to gamble in the stock exchange, would be the day their shares flies. What's the point of making, say RM50M from property/hotel biz and lose RM100M in the stock exchange. Look the Tiahs are not Warren Buffett
now in very good price. if i not pick up a bit waste. the Damansara Avenue project is coming soon, company activity will affected share fluctuate also. this share silent for too long. above just my opinion, pls do reseach for your own risk.
If a billionaire is a idiot, i want to be idiot billionaire too. It take lots of wisdom to be long term billionaire.. not china style that given the opportunity..
30 million shares change hands in first hour of trading. Never seen such high volume for this counter in almost 7 years since IPO. Hope for good times folks.
gap up and retreat back...if afternoon dont rebound ......v know whay sort of management they hv....look at the call warrants cc .....u buy today high......MATI ..i wld think....
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....
RVI123
660 posts
Posted by RVI123 > 2016-09-17 23:15 | Report Abuse
JamesPond, sorry for late reply. Just read your question. What Singh1 said is correct. The project is a joint venture between Holborn n TAGB. Cost n profit is shared 50% 50% between them. However, TAGB bought over the hotel portion at the market price from the JV company. The remaining apartment units are sold to the markets.