Sunday, July 28, 2013

Sales that does not makes sense

Do you notice anything that's fishy...


The company has more than RM0.80 of cash per share and very limited debt.



If the number is true, why would the shareholder sell? Why not capital distribution or dividend? Red chips stocks are really creating doubts if this persist. How do we trust the numbers or are they that naive to think that their shares are overvalued?

2 comments:

Malaysia Stock Talk said...

The share price is only 27.5sen while cash per share is 80sen/share. Why not privatise the company?

Fung C.F. said...

Simply non-sense! No one will understand the motive except the Kwans.

Such move prompting us to ask how real the RM1b cash is. Wonder if Grant Thronton (auditor) can answer that?