ecoworld merge with UEMS ie 80% on jor... Bye Ecoworld.. ECOWORLD WILL BE PRICE AT 0.47 TO CHANGE 1 UEMS SHARE.. Hello Uems, take 2 sen dividend aftee Merger or sell it now firstmm
The deal is still not on l guess. i think the price is proposed by the buyer UEM then in early Oct 20 based on the average price then abt 0.38 to 0.40 then marked up by abt 25% just like if you want to take a co private to arrive at 0.47.
That is before vaccine news. Now with vaccination being rolled up globally, things had changed. The seller might not want to sell anymore considering things are improving. EPS is trending up Q2Q. Cash flow improved. Even if l want, l would want to relook at the offer price, based on current price and sentiment with recovery theme play , recovery stocks are in uptrending now. Just like banks, genm, padini.
Ya just look at the NTA of this stock, is at RM1.59 p/sh. But its now trading only at 0.515. Is at super undervalued 33% of its NTA. Just like you are now buying a RM1 mil hse at only RM333k. Moreover, now with 2 cents dividend, is far better than FD rate.
More important is the potential for capital appreciation. Other big players like IOIPG/Gamuda/IJM/SP Setia has started to move its price to pre-covid level aldy or near 52 weeks .
who tipu lu Kingston1 if you bought at peak , and say ppl tipu, its not right... you bought at high price and should think about yourself..why so stupid?
This LKS has never to date said to the mkt what is the main benefit to Ecowld to continue discussion with UEM on the merger. Don't really see the rationale except to have backing from Gov/ Khazanah as the main shareholders.
Is good news that LKS has at last came to a decision to abort the merger deal. Plus +ve comments from him that the group has started the year with good sales and look to a much better year to come.
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....
HuatlaiOnglai
331 posts
Posted by HuatlaiOnglai > 2020-12-18 18:10 | Report Abuse
Leng Leng wor! Huat la!