5:10PM GENERAL MEETINGS: NOTICE OF MEETING 5:08PM Makoto Takahashi (100,000 Shares Acquired) 5:08PM Makoto Takahashi (100,000 Shares Acquired Who is this Japanese guy?
when we in doubts, look back at facts. 1.Still loss making, but not really threatening to company, after manage to find core biz again, will easily turn back profit again. For new comers, they have recently sell China operation due to fierce competition, now holding cash, lots of cash!
2. After selling ,distribute cash back to shareholders. Good decision by management, because they do not have any plan yet for the time being, so it is a good management, Compare to another company I analyze, this company is much better. At least they did not hold the cash and don't know what to do with huge pile of cash. Just holding lots of cash is wasting shareholders' resource!
3. Even after selling China's biz, still have lots of cash compared to liability.Remind again of facts: Cash-Total Liability still RM0.82, even higher than current mkt price.
4.PLUS, the company still have some other assets: Malaysia 50%JV Mitsui Dubai 50%JV Oct2012, 2015profit expected. Wujiang(RMB100m) Hengyang listed SG 25% These assets alone already worth around RM1.20
So in total you are buying RM2+ worth of assets with RM0.72
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....
Dannyk
158 posts
Posted by Dannyk > 2014-02-28 19:54 | Report Abuse
Joel&adc38 can hold long term because I enter 0.90