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Mr Market seems still holding on its price at around 70 cents.
At the current price, PE is about 14, PB is about 2.4, earning yield 7% and dividend yield 4%
Should be at fair price, but not at a discounted price with sufficient margin of safety IMO
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Halted after hitting 4 months high of 0.715. Why?
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2 possibilities..
FRAUD or DELIST...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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04-07-2013, 01:40 PM
Someone made a cup of Cafe 21 this morning, and while stirring his cuppa in the cup, suddenly genie appeared!
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Rem Lam Soon Oil bought a stake not sol long back.
Maybe it is time....?
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surprise, CBB acquired his father's stake after he sold down his own stake one year earlier.
what's going on?
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I think there is still a chance that delisting wont happen if Lam Soon and minorities do not sell their stake. But this comes as a real surprise. No one could have guess this outcome.
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The Viz Branz story is getting to be more and more interesting! I think when all the dusts finally settle, NUS and SMU business schools should assign and send their best graduate students to write a case study each - one from Ben Chng's perspective, and another from Senior Chng's perspective - on Viz Branz as a listed Asian Family enterprise story.