MFG Integration    Last:0.03   -

Super undevalued counter, potential net cash 13c

results coming next week.. watch for the annoucement... record profit wil be the title

 

Final year result coming soon.. I predict the title

" RECORD PROFIT OF $50 million" ...

 

Thanks to your marketing effort, the share price has moved upwards.

More accumulation on the way.

josemmm123      ( Date: 11-Oct-2019 14:32) Posted: potential multibagger.. 3.5 cents dividend next aug from escrow account and potential of a RTO and potential sale of it' s yishun properties giving the company a NTA of PURE CASH of 14 cents.

 

potential multibagger.. 3.5 cents dividend next aug from escrow account and potential of a RTO and potential sale of it' s yishun properties giving the company a NTA of PURE CASH of 14 cents.

 

yes.. the boss by  giving back so much cash as dividend and capital reduction shows that he/she wants to make huge gain.

This shows that the boss is eager to make huge gains. So he/she most likely wants to make another huge gain again by doing a RTO and then he/she can cash out the excess cash (and also selling the Yishun properties away) which is about 14 cents per share

TA_Expert      ( Date: 11-Oct-2019 09:13) Posted: AFter it sold off the crown jewel, the company is left with nothing an empty shell. Hence, people who wanted a listco will be very keen to takeover the listing status. They have been making losses, so selling off the crown jewel is a signal that  the bosses wanted to exit out with huge gains. They have already done the capital reduction. Shareholders have already benefitted.

 

yes.. it is now considered a cash counter. A listed company with cash only , no debts. The remaining business left is insignificant. The cash per share is worth 4.5 cents per share cash + 5 to 7 cents per share for it' s yishun properties + 3.5 cents per share in Escrow account. U go add up. Almost close to 14 cents CASH per share.

So usually this type of cash company will have RTO (reverse take over). And more often than not, when doing a RTO, the excess cash will be returned to shareholders and then the RTO is carried out. The listing status itself is worth 20 cents.

So in the end, u may have cash of 10 cents per share at least back + a " newly" listed company worth at least 20 cents. AND if the company doing the RTO is a famous company like bee chiang xiang bua kwa , then really huat liao..

TA_Expert      ( Date: 11-Oct-2019 09:13) Posted: AFter it sold off the crown jewel, the company is left with nothing an empty shell. Hence, people who wanted a listco will be very keen to takeover the listing status. They have been making losses, so selling off the crown jewel is a signal that  the bosses wanted to exit out with huge gains. They have already done the capital reduction. Shareholders have already benefitted.

 

AFter it sold off the crown jewel, the company is left with nothing an empty shell. Hence, people who wanted a listco will be very keen to takeover the listing status.

They have been making losses, so selling off the crown jewel is a signal that  the bosses wanted to exit out with huge gains.

They have already done the capital reduction. Shareholders have already benefitted.

 

I betting on a Reverse Take Over RTO ... With a RTO, expect the company to return the excess cash to shareholders which may include selling away the yishun properties. So in this case shareholders are looking at a dividend of 10 cents. + The company having a new business and change of company' s name which itself means the share will be worth anywhere from 10 cents to 30 cents depending on which company is doing the RTO. Imagine a popular company like Bee Cheng Hiang bak kwa doing the RTO.. then we will be looking at 40-50 cents.. who knows.

 

based on potential, this one is a multibagger

TA_Expert      ( Date: 09-Oct-2019 17:47) Posted: A sell call based on technicals.

 

A sell call based on technicals.

 

last traded 7.9 cents.. UNBELIEVABLE super undervalued.

After getting ur 3.5 cents dividend from the Escrow account  next August. U are actually paying 4.4 cents for a company having cash of  4+ cents/share + 5+ cents/share for the Yishun properties. No debts. Technically is almost considered NET CASH of 10+ cents per share so u are paying 4.4 cents for a company with net cash of 10+ cents..

 

 

potential multibagger

 

8.5 cents now.. super cheap

 

this one 8.7 cents now. Super undevalued counter.
NTA 10.5 cents cash and Yishun industrial properties and another 3.5 cents in Escrow account giving out as dividend next year. No debts.

Potential candidate for Reverse Take Over which usually means the 10.5 cents per share + 3.5 cents will be given back to shareholders and then converted to another company with new business.

Potential candidate for delisting too as now taking over the shares at around 10 cents is less than the the 14 cents NTA pure liquid assets aka cash + yishun properties.

The NTA of 10.5 cents valued Yishun properties at book value of $8.5 million but the current market value is $12 million meaning the real NTA is around 12 cnets. + the Escrow 3.5 cents, the actual liquid NTA is actually 15.5 cents (pure cash if they sell the yishun properties) and may even goes up to 18 cents pure cash if they manage to sell the yishun properties at MARKET value only. wow.. super undervalued counter.