duit, the general rule is cash rich counter will eventually explode for eg, bot homeritz 49/55 sold 83-85, bot lcth 19 sold too early at 27, salcon bot 69/72 will sell some at 1.00 plus
hi Stevan Yong, i saw from the above post by bigwhitesharp (24/6/2014) mentioned that ILB is disposing 2 warehouses. i thought tat warehouses were disposed last year.do you have any idea on this?
They have few more in china actually. If not wrong those warehouses also listed in singapore shr mkt. If no surprise they might dispose with good offers prices as they view china mkt too competitive. And last time they dispose, they give almost all back to shareholders as they have no better plaan to those cash. WHich is why i think management good.
FELDA Global Ventures Holdings Bhd (FGV), the world’s largest palm oil producer, is exploring more options to unlock value and monetise its transport and logistics division, say sources.
Since last year, rumour has been rife that FGV was looking to acquire a substantial stake in logistics company Century Logistics Holdings Bhd. The reason for this was because FGV wanted to inject its own transport and logistics division into a listed entity to create more efficiencies and scale.
Sources say the deal has been on the air for more than a year. There is a strong possibility that FGV is also evaluating other logistics companies.
Another listed company that has been bandied about is bonded warehouse operator and logistics provider Integrated Logistics Bhd (ILB). However, this isn’t the only company that FGV is looking at.
ILB, which is set to become a cash company, has jumped 14% over two weeks to close at 94.5 sen on Thursday following this rumour.
Last month, ILB told Bursa Malaysia its indirect 70%-owned subsidiary, Integrated Logistics (HK) Ltd (IL HK) has agreed to dispose of its entire equity interest in ISH Logistics (Shenzhen II) Ltd (IL Shenzhen) and Integrated Logistics Henan (HK) Ltd (IL Henan) to Winfair International Holdings Ltd for 988 million yuan (RM519.3mil).
ILB said it expected a pro-forma gain of RM178mil from the disposals.
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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-06-24 10:02 | Report Abuse
duit, the general rule is cash rich counter will eventually explode
for eg, bot homeritz 49/55 sold 83-85, bot lcth 19 sold too early at 27, salcon bot 69/72 will sell some at 1.00 plus