Extract from Alex Lu: Looking back, we could have said that Adventa at RM1.92-1.93 was fairly attractive as it has a cash backing of RM2.10 [from the sale of its rubber glove business] plus the Excluded Business consisting of Sun Healthcare (M) S.B. and Electron Beam S.B. After the payout of RM1.70 per share, Adventa would have a cash backing of RM0.40 per share & the Excluded Business consisting of Sun Healthcare (M) S.B. and Electron Beam S.B.
sales soured 156%, continued ops eps up 1 fold, 40m cash in hand, 14m total borrowing only. looking good for sustainable health biz with decent div, unless otherwise adventa should be out of pn17 soon enough; which currently still trade under its NTA :)
@tony, if not mistaken, long ago when v shared comment, u said u will look into its financial report... if u compare yr finding since then to the latest one, that should give u a good idea already... all the best bro!
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Posted by tonylim > 2013-05-06 17:05 | Report Abuse
yes. sure