The earlier proposed RM 470mil land disposal to Eco World shall be materializing soon or later which will result in an extraordinary gain of RM 170mil for Tropicana, and the entire or bulk of the RM 470mil sale proceeds cann be used to pare down its bank borrowings or to de-gear substantially..... http://www.bursamalaysia.com/market/listed-companies/company-announcements/1817865
The share price drop is a true reflection of market's sentiment and confidence in its major shareholder. It is sad that we the minority shareholders have to suffer because of his incompetence, ineffectiveness and inability to manage the company. Everyone should object to his reappointment to the board at the next AGM.
my personal opinion is that the owner want to press down the price so they can buy back the shares at lower price before they make some good announcement.
If the owner is trying to press down the price we shouldn't be letting him do that. PE is only at 3 times. The company is completely undervalued even though its got quality assets. Good time to accumulate.
2015 will be a challenging year for property sector. There will be more merger and acquisition happening in 2015 for them to strengthen their balance sheet. Only those stronger will survive this cycle. Something is brewing for Tropicana.
1.50 will be easily reached. Can move further to 1.70. This is the most valuable property counter as they have the most strategic lands in Penang, Klang valley and Johor.
MORE TO COME. They real Bursa Party will start with a BANG on 2/1/15 .
Monday will be limit up due to the news will be up tonight that ecoworld bought trop's land. Trop will be cash on hand and do more development.HOORAYY!!
tropicana share price may be pushed up to allow danny tan to sell certain % of his share to institutional fund or sell to strategic investor like China developer. This happened before in 2013
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....
Brian Kuan Yik Ming
8 posts
Posted by Brian Kuan Yik Ming > 2014-11-27 19:55 | Report Abuse
Net profit rise 19.8% compare last year.Trop will fly tomorrow