Recent quotes

create watchlist

Members watching ASB (14)

show more

ADVANCE SYNERGY BHD ASB (1481)

0.165 0.010 (6.45 %)

High: 0.170     Low: 0.155     Vol: 7,677,500 Average Vol: 7,373

last updated: 19-Oct-2017 11:16 AM

Discussion related to ASB

view all other
create new discussion

Title

Category

Others Stock

[ASB] ASB.. WAKE WAKE

Market capitalisation of ASB as at 26 July 2013 is only RM 75 mio.

Assuming u take a loan of RM 75 mio and buy over all the shares of this company.

Now after you have acquired the company start the assets stripping exercise.

1. Use the Current Assets of RM 286 mio to settle all the liabilities of RM 137 mio.

Now you still have a balance of RM 149 mio and use this to settle your initial loan of RM 75 mio.

2. Now you have a cool RM 74 mio of Current Assets.

3. That's not all. Take a quick look at the FIxed and Long Term Assets ,-

Property, plant and Equip............ RM 156 mio
Long Term Investment.................RM 69 mio
Other Long Term Assets...............RM 11 mio
Other Intangible...........................RM 8 mio

So basically you are taking home over RM 318 mio or 62 sen a share without the goodwill of RM100 mio.

This is a highly illiquid shares so patience is the virtue.

Happy Investing! Invest at your own risk.
reply

[ASB] SURE WIN. BUY ASB & ASB-LA

CASH BALANCE AS MUCH AS RM113.8 MILLIONS.
NTA PER SHARE IS RM1.02(NOT INCL. ICULS)IS 5.5X HIGHER THAN
THE PRESENT SHARE PRICE OF RM0.185.
OBVIOUSLY AN UNDERVALUED COMPANY.
BUY THEIR ASB-LA ( HALF THE MOTHER SHARE PRICE )NOW 9.5 SEN ONLY.
GREAT POTENTIAL TO GET VERY VERY HIGH RETURNS.
FYI ONLY.
reply
Is ASB having any debts and what is the nature of the business, overall we should see the balance sheet and earning per share.
reply
Quotes are delayed at least 15 minutes. Stock charts are updated at the end of the trading day. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Tradesignum is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Tradesignum website, you agree not to redistribute the information found herein.
loading...loading