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Sorry error there
Current assets minus cash + fixed assets = 0.13
Current assets minus cash + fixed assets = 0.13
My calculations is cash minus all liabilities=. 0.422 a share
Current assets minus cash +liabilities = 0.13. a share
Meaning after clearing all liabilities
The coy is worth 0.13+0.422=0.552
Which is the NAV.
But by breaking down into actual cash u can see there is limited downside as cash alone is 0.422
Current assets minus cash +liabilities = 0.13. a share
Meaning after clearing all liabilities
The coy is worth 0.13+0.422=0.552
Which is the NAV.
But by breaking down into actual cash u can see there is limited downside as cash alone is 0.422
Yes. Agreed. The only hope is that with the war chest they will concentrate their effort in building up the remaining biz just like what they had done for the dairies & packaging biz.
If the other biz divisions are indeed losing a few $million per quarter, the NTA will keep dropping.
ohm136 ( Date: 09-Aug-2014 17:58) Posted:
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Based on Q3 report, NAV per share = 141.89 sen (about 55.14 cts).
Is 47 cents net cash? If minus off all liabilities, how much is it?
ohm136 ( Date: 08-Aug-2014 16:58) Posted:
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Cash backing per share is about 47 cts. After paying sp div of 30 cts, there are still some 17 cts left. With this cash in hand, it is possible to expect a final div at the end of this financial yr. So, where will the share price go?
the deal must have concluded otherwise they declare dividend before conclusion, then they are slapping themselves in the face
I am not privy to any information about the financials or operations of the company, so all these are just my own speculation, thinking out loud. It is not a call to buy or sell the company shares.
Once XD cash in the pockets of minority shareholders, not possible to take back. Can always sue the old Etika. Dont know what will happen to the new Envictus though. You see, quick name change, quick XD.....
A few years ago, HP bought over Autonomy. Then later discover Autonomy account was dotted. Then sued Autonomy, and then blah blah blah
ytoh1688 ( Date: 08-Aug-2014 16:38) Posted:
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if they oledi declare div...means deal is in the pocket...asahi cannot back out now...
Holyshi%, someone just dumped another 1 million shares at 44.
Why more and more sellers before XD? Something is not right. Dont tell me Asahi also smells something fishy, but smell is not from sushi.
Obama announcement maybe or Nikkei lunchbreak
lifeisgood ( Date: 08-Aug-2014 10:57) Posted:
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Last October, the whole Singapore stock market melted down because of some Malaysian stocks like Blumont. Malaysians are certainly good at making things happen.
keat123 ( Date: 08-Aug-2014 11:04) Posted:
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Thanks for the elaboration. It makes sense and clear to me now.
Someone just dumped all 445! Wondering whats happening now. If later Asahi found that the dairy profit was artificially bumped up, dont know can ask for money back or not. Lets hope the company is clean.
Remember in th 80s? The Japanese went shopping worldwide, and overpaid for everything? Now, they are at it again. The Malaysians smelled it. And Sam Goi already got back his 20 cents investment, plus 10 cents extra, from the special dividend. So he has a 50% return, plus free shares which he can hold forever now.
But I think Asahi thought they were pretty smart, bought the most profitable business division of Etika.