Brooke Asia (formerly Latitude Tree International Group)

[safetyfirst]

Latest developments for Brooke's Asia (prev known as above). Wonder if Admin can change the name of this thread?. Anyway it is going to change its name again after the RTO:
http://infopub.sgx.com/FileOpen/Project%...eID=323059

Potato S-chip again??! Hahaha

Brooke is a cash company 9.6 cents cash per share (total $5m+) with before this RTO proposal.

http://infopub.sgx.com/FileOpen/2014-09%...eID=317858

Nothing said paying out the cash leh...Cannot be selling the listed shell, yet still need to lose cash. Like that, raw deal and Board bo cho kang.

IF pay out 9.6 cents, then the stub is 7.4 cents at current mkt price. The post RTO shares will be worth 20 cents. No mention of share consolidation. So 1 Brooke Asia is still the same 1 post-RTO share.

BTW the 5.3% of post-RTO $168 mkt cap = $9m. Listed shell worth so little meh??

Just some thots. Usual disclaimers.

No such thing as a free lunch. No coy would ever give itself for free. For 9 cents of cash you get a company worth 22 cents (NTA). On top of that it earns 1.7 cents a share. Of course this only holds if the accounts of the China coy has not been 'engineered'. This is a special situation. It has its risks. Hopefully the original investors do not become the lunch instead.

http://infopub.sgx.com/FileOpen/Project%...eID=323059

With respect to page 3 and 8,
Finds it very weird that the enlarged NTA is 200m when the China potato company only has equity of 27m and the current shell company only 5.3m

Perhaps i have read wrongly, or perhaps someone is out to mislead again