Just read through A&M latest Annual Report which was publish yesterday on Bursa website. Found out this interesting facts that A&M had do the revaluation of the Pulau Carey land :
1)Location: PT 3532,3539,3540, 3556, 675 HS(D) 80452,80459,80460,80357, 28046 Mukim Jugra District of Kuala Langat Selangor Darul Ehsan Land Ares (Built-up Acres): 1387.99 Net Book Value: RM 3,129,198,000
2) Location: PT 673-674, 676-677, 730-736, 3533, 3535, 3537 HS(D) 28044, 80457, 28047 26048, 34187-34193, 80454-80455, 28045 Mukim Jugra District of Kuala Langat Selangor Darul Ehsan Land Ares (Built-up Acres): 535.55 Net Book Value: RM 1,234,239,000
Add up both of this valuation of the land is RM 4,363,437,000 (RM 4.36 billion) Number A&M issued shares : 365,063,800 shares Just based on this land alone, A&M is worth : RM11.95 per share.
Anyone can comment on this finding, looks like A&M have revalue the land and its new NTA should worth at least RM12 per shares!
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Posted by bonescythe > 2014-01-15 20:22 | Report Abuse
Sharing my trading picks here from time to time. Hope you will have a good 2014 trading & investment return.