Fu Yu    Last:0.103    -0.001

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Tidying-up its corporate structure with the action on LCTH ...... so looks good in a " beauty-parade" ...... with with zero debt, what else can you ask for as M& A target ..... & ask yourself which competitor(s) comes close ..... with such traits??

 

If LCTH is only worth NAV, why you Fuyu bulls think the parent will be taken over at a price way above its NAV?

 

So the cash hoard of Fuyu just went down by $20m. This exercise by itself is at best neutral. Paying premium to market doesn' t help raise its NAV. NAV of 22c is not a steal. EPS of 1.5c (quoting you), gives a PER of more than 10x, which is expensive for a Singapore small cap. Barring a takeoever, I don' t see any reason to be excited unless earnings are going up strongly (which I doubt it).

HVRRVH      ( Date: 08-Dec-2017 02:22) Posted: Privatise subsidiary by buying out and cancelling the rest of the shares the group does not already owned. Paying almost exactly the NAV of the subsidiary, LCTH at ringgit 58 cents a share. Total cost sgd $20m. The move will see Fu Yu's NAV stand at 22 cents and eps 1.5 something cents if the privatisation is assumed to have completed in FY2016. A corporate action by cash rich Fu Yu! I see this as positive. I think the price offered is fair at LCTH's NAV even though it is almost 30% above its last traded price. Market can be irrational but I can ignore it and don't have to react to it. I just bought some yesterday at 19 cents. What a coincidence and shall see how market react to the news. Berani      ( Date: 07-Dec-2017 23:29) Posted: got big news... not sure how market react

 

Privatise subsidiary by buying out and cancelling the rest of the shares the group does not already owned. Paying almost exactly the NAV of the subsidiary, LCTH at ringgit 58 cents a share. Total cost sgd $20m. The move will see Fu Yu's NAV stand at 22 cents and eps 1.5 something cents if the privatisation is assumed to have completed in FY2016.

A corporate action by cash rich Fu Yu! I see this as positive. I think the price offered is fair at LCTH's NAV even though it is almost 30% above its last traded price. Market can be irrational but I can ignore it and don't have to react to it. I just bought some yesterday at 19 cents. What a coincidence and shall see how market react to the news.

Berani      ( Date: 07-Dec-2017 23:29) Posted: got big news... not sure how market react ! jamesng      ( Date: 05-Dec-2017 15:58) Posted: Pretty weak......seem not good unless brought over by another company....

 

got big news...

not sure how market react !

jamesng      ( Date: 05-Dec-2017 15:58) Posted: Pretty weak......seem not good unless brought over by another company....

 

Pretty weak......seem not good unless brought over by another company....

 

up now!

 

brog abit...hope go up more :)

 

dropping today....hope uptrend again tomorrow
 

 

After so long time still dont know who brought that 64m shares?

Any story to tell?

 

keeping fingers crossed.

 

price shd hit 27 cents if momentum continues. a takeover wpuld be an icing on the cake.

 

Delist at 30 cents....I hope

 

What happen?

I dont care, buy on rumors first!! 

 

here it goes again....

 

only 1 price trade .. 0.205

 

privatise soon???

 

Now the selling starts ?

 

another good day of volume!

 

NAV is 0.21.. it will face shortists presure..

kirbably      ( Date: 24-Oct-2017 10:21) Posted: Seems like price supported well. Cash rich company.