there is some agenda behind this......by pushing the shares down, they will make money ..Later push it up again to 2.50...... big deal.short term investors.....get hurt .....red ,red ,red....share price continue to bleed
"Monetising via PREIT. Management is exploring the disposal of its malls to PREIT (BUY, TP: RM1.95), which is also owned by TS Lim (28%). The proposal is for an all cash deal (as opposed to units) which could see AEON BBT valued at RM500m and Paradigm Mall at RM700m which could take place as soon as 6 months’ time."
the disposal to PREIT is a RPT? the selling price must be a reasonable market price.
from a businessman point of view, the premium paid for acquiring the controlling stake must not be lower than the global benefit generated from the so called restructuring exercise. but it has to be done above board.
shareholders of this counter should also evaluate the actual/market value of these malls. the value stated in the proposal of disposal must not be too low. if it is too low, we might as well invest in PREIT.
conclusion : you can only see the fireworks after they manage to cross these hurdles. you decide for yourself when to buy.
I dont see any benefit for wct share holders from thre injection of few malls from wct to pavi reit.Again i believe price may be lower than market as Dl and his directors board has the final word .
based on my approximation, it should be below 1.80 unless some one love this counter so much and willing to dig into their deep pocket to start a buying spree next monday
TQ for the chart out look. R u surprised ? They want to push it very very low till every retailer sell. They will win n then pushed it all the way up 2,50 !! They r heartless ! God of greed will deal with them
sepnd money to push it down? if the acquisition is funded by banker, the phone will be ringing non-stop. sorry. this lay statement doesn't make sense at all.
U think the acquisition is by CASH? RM640+mil..!!! Desmond and bankers have restructuring plan for WCT coming soon.. As a bankers... Sure they see the value for the acquisition funding... Wait and see... U will know...
2.50 is inclusive of the malls ..shld be. High or low who cares. This company NTA is 2.15......this will be first TP . V just wait how low can the share go......
we don't simply plant some durian seedlings and tell ourselves "wait and see...another 5 to 6 years we will see musang king falling on the ground." even my grand mother's less educated friends wouldn't do that.
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....
voon1900
714 posts
Posted by voon1900 > 2016-11-24 16:53 | Report Abuse
in again @23.5sen...prepare to average dwn