健基兴业(PRDUREN,8613,主板产业股)大股东,献议以每股1.10令吉现金,全面献购未持有的80.73%股权。 提出献购的大股东包括TS Law Group私人有限公司、丹斯里刘天成和太太潘斯里苏玉娥。 两人是TS Law Group私人有限公司的董事兼股东。 他们现持有健基兴业的2600万股或19.27%股权,献购其余1亿1020万7943股,意味需支付高达1亿2122万8737令吉私有化公司。 若最终股权无法触动强制性全面献购的水平,联合献购方有意维持健基兴业的上市地位。
Firehawk, I think its clearly not the Joint Offerors intention to privatise. Its a mandatory GO and takeover rules states that you have to make an offer at no less than the price they acquired, in this case being RM1.60 per share. So clearly no one will accept and the GO will not succeed. They must have acquired for some purpose so we may see some corporate exercise soon which will add value to the company. Worth to hold on and see whats the game plan.
No doubt they have some very respectable board members but can't say for all. One was ex another O & G and SPAC. Never like related party transactions.....
Small investors better take care of your hard earned money. Just look at the volume! This stock controlled!!! Heard that it's connected to the Goldlion, Blumont and Asiason syndicate that wiped out billions of SGD. How could anyone forget that! Companies with fake business models and inflated assets.....still under investigations...,. Wonder if Enra will end up the same......Scary, better invest elsewhere when the market is more stable....,
This company is being run by some personalities who are known to be associated with infamous corporate practices in their past. Small investors should think twice about their investment in this company, do questions the board and its executives on how certain deals were done domestic and abroad in the name of transparency and integrity. Some people in the company can surely smooth talk like a snake charmer, but there is a big difference between being charmed and being fooled.
Rose Ma, you seem to know a lot about this company or the management.....but you are right. Heard the shares are margin financed....When financiers pull out, the controlling shareholder may go broke!!! Too risky to invest in this company. Bursa so many counters now undervalued, why take chances especially when oil prices diving south now???
more reason for investors foreign and domestic to take a long hard look into this company and those senior executives running it. Simply put, if someone has long list of record of wrecking other companies into pieces and causing huge losses in those companies, do you, as an investor, want he or she to manage your money?
The company currently has 2 property projects that still can contribute to their earnings. One in London (a 5 storey office building) and 8 units of apartments from the Shamelin Star project in Cheras. No other property project plan yet.
For the O&G division it is mainly driven by the storing and offloading services contract for an the Yetagun offshore gas field in Myanmar. The contract started in Apr 2018 and will end on Apr 2021.
Not sure how to value this company given that the earnings are very volatile. I still think that this year's and FY19 PATAMI would be negative.
Looking at the balance sheet, net tangible asset after deducting rights of use of assets (i assume this to be intangible. not sure what it is actually) and goodwill is only RM0.24 per share. So in terms of PB they are currently trading at almost 8x BV. However, if you consider the "rights of use of assets" as tangible and can be sold to another party at the listing price of those in the balance sheet, then PB would actually be around 1xBV.
Given the uncertainties of the earning and the prescribed value of the "rights to use of assets" i would suggest investors to look for other alternative if you still are interested in property or O&G industries.
If you are just looking for value companies with potential growth in FY 19, then i would suggest you to look at MBMR.
The company is a direct proxy to Perodua via its 22.6% interest. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already at RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17.
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....
janetooi001
153 posts
Posted by janetooi001 > 2013-11-27 14:48 | Report Abuse
健基兴业(PRDUREN,8613,主板产业股)大股东,献议以每股1.10令吉现金,全面献购未持有的80.73%股权。
提出献购的大股东包括TS Law Group私人有限公司、丹斯里刘天成和太太潘斯里苏玉娥。
两人是TS Law Group私人有限公司的董事兼股东。
他们现持有健基兴业的2600万股或19.27%股权,献购其余1亿1020万7943股,意味需支付高达1亿2122万8737令吉私有化公司。
若最终股权无法触动强制性全面献购的水平,联合献购方有意维持健基兴业的上市地位。