HL Global Enterprises

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#11
(05-04-2018, 10:03 AM)opmi Wrote: HLGE cannot pay 3 cents every year.

If Hong Leong Group want to keep the company live, quite hard to see the rest of the cash.
IMO, the assets probably have to take a big haircut before can see any buyers.

Maybe should sell off the listed shell or stick to the original plan of acquiring industrial assets.
But look at track record of HLA's Xinfei. Competed to death by the PRC white goods players.

It looks like a value trap to me.

Maybe should take money and run, while there are still value investors looking to buy.

Not vested since around May 2017

HLA (HLGE's parent co) raising rights issue. http://infopub.sgx.com/FileOpen/Proposed...eID=521704

I guess their plan is to acquire businesses so unlikely HLGE will see much ordinary and special div.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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