Even Media P use TV3 to buy a online Shopping Co from the Koreans/OR Japs and try to diversify to e commerce. The Star just sit and makan gaji while MCA is becoming Politically irrelevant
The share price is deeply undervalued. The current market capitalisation is very much below the cash in hand. The share price is 34 sen as compared to cash in hand per share at 50.9 sen as at 11/9/20.
There is a hope of privatization with all this losses. Just privatize Star Media Group and Star Media becomes a private co held by MCA. Can potong any no of staff they want. Ample cash to MCA and all the minority share holders
Reported today ....compensation income for late delivery of property investment - Rm 50,54 mil...a lucky windfall. Overall Rm 26.92 mil profit for 3Qtr20 but business going forward still soft and challenging ...
High time for the board to come out a good business plan for the rich cash deposit and potential development of it's prime lands. Non profit event management and radio divisions should cease or sold off to prevent further draining of cash reserve
The longer this counter not kena privatised, the more shareholders will get piratized. No need to do so many things and wait for better days, just do a voluntary wind up, sell all assets and return money to shareholders. Can at least get back double or even more than current market price.
Ex7121...why privatize? Perhaps you bought at 35 sen and want to make some $ if privatization is 50 sen. What about investors who have bought at RM2 to RM3? they hope one day it will go up to RM2.50 and recovery s not impossible so long as my steps are followed and the bunch of DAP monkeys are gone.
As for aliyusof and UncleF ollower....why sack Joceline Tan? She's a superb journalist with insightful and analytical political comments unlike Wong Chun Wai, a DAP mole biting the hands that feed him.
Coz I think privatised now is better than bleeding every month by paying salaries and fees to a bunch of useless management and eventually gone into Pn17. It has been sitting with cash for so long and yet could not decide what new business to venture into. Those that bought RM2, RM3, including our hard earn money in EPF, too bad... It will never go back to that level again with such management
Now is the right time to average down the price of the share previously bought at RM2.00-3.00. Make sure when the share price is profitable when the share price rises to the level of RM1.20.1.50. The current share price is very cheap because apart from having RM390 million in cash, its assets have not been revalued for a long time. If re-evaluated, the actual asset value is more than RM2.00 per share.
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....
RainT
8,448 posts
Posted by RainT > 2020-08-28 15:57 | Report Abuse
@linheng
wow
nice sharing of ur bad experinces with STAR