08-04-2024, 10:25 AM
(02-11-2018, 08:55 PM)Scg8866t Wrote:(02-11-2018, 08:48 PM)opmi Wrote: Quick answer:
- Isetan won’t pay out any sale proceeds coz they have dream of SG flagship
store. I assume the atas one like the one in JL
- JP taxes on dividends higher than SG. so even less for ISETAN JP.
value trap, I Guess.
All the more reasons to take it private.
7.20 scheme of arrangement. I believe its still not fair for opmi. The parent my guess is to plan to take isetan private at a hefty rnav discount, then sell wisma after the privatisation is done.
But I am glad my thesis is finally proven and share price jumped 150% in a day lol