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ETIKA undervalued gem stock
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Syndicate
Member |
11-Aug-2014 08:07
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Sorry error there
Current assets minus cash + fixed assets = 0.13 |
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Syndicate
Member |
11-Aug-2014 08:04
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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 |
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ohm136
Senior |
10-Aug-2014 17:48
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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. |
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lifeisgood
Supreme |
10-Aug-2014 10:59
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If the other biz divisions are indeed losing a few $million per quarter, the NTA will keep dropping.
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ohm136
Senior |
09-Aug-2014 17:58
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Based on Q3 report, NAV per share = 141.89 sen (about 55.14 cts). |
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lifeisgood
Supreme |
08-Aug-2014 18:49
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Is 47 cents net cash? If minus off all liabilities, how much is it?
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ohm136
Senior |
08-Aug-2014 16:58
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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? |
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ytoh1688
Veteran |
08-Aug-2014 16:53
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the deal must have concluded otherwise they declare dividend before conclusion, then they are slapping themselves in the face |
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lifeisgood
Supreme |
08-Aug-2014 16:48
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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. | ||
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lifeisgood
Supreme |
08-Aug-2014 16:45
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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..... | ||
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lifeisgood
Supreme |
08-Aug-2014 16:42
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A few years ago, HP bought over Autonomy. Then later discover Autonomy account was dotted. Then sued Autonomy, and then blah blah blah
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ytoh1688
Veteran |
08-Aug-2014 16:38
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if they oledi declare div...means deal is in the pocket...asahi cannot back out now... |
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lifeisgood
Supreme |
08-Aug-2014 15:36
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Holyshi%, someone just dumped another 1 million shares at 44. | ||
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lifeisgood
Supreme |
08-Aug-2014 13:13
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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. |
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ytoh1688
Veteran |
08-Aug-2014 11:43
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Obama announcement maybe or Nikkei lunchbreak
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lifeisgood
Supreme |
08-Aug-2014 11:09
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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.
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keat123
Member |
08-Aug-2014 11:04
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Thanks for the elaboration. It makes sense and clear to me now. 
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lifeisgood
Supreme |
08-Aug-2014 10:57
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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. |
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lifeisgood
Supreme |
08-Aug-2014 09:34
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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. |
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lifeisgood
Supreme |
08-Aug-2014 09:10
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But I think Asahi thought they were pretty smart, bought the most profitable business division of Etika. |
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