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[TEBRAU] TEBRAU-IF YOU OWNED IT KEEP IT

KUALA LUMPUR: Tebrau Teguh Bhd’s wholly-owned unit, Bayou Bay Development Sdn Bhd, has entered into two separate sale and purchase (S&P) deals with Delta Bestari Sdn Bhd and Northstar Frontier Sdn Bhd to dispose of a total 4.3ha commercial land in Johor for a combined RM28.3 million.
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8.2 Earnings

The Proposed Disposal of Land 1 has been reflected in the financial statement for year ended 31 December 2011. The Proposed Disposal of Land 2 is expected to have a significant effect on TTB’s earnings for the financial year ending 31 December 2012. The earning is expected to increase by RM12.88 million in total resulting from the Proposed Disposal.

The lands were acquired indirectly through the acquisition of Bayou Bay Development Sdn Bhd on 16 April 2003 at a cost of RM12.16 million.

SO

10.254 acreas or 446,664 sqft = RM 28.2 mio

THAT IS

RM 63.00 per sqft.

AND NOTE THAT IN MY PREVIOUS POSTINGS

AVERAGE LAND PRICE OF TEBRAU IS LESS THAN RM 13++
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What will be the NAV ...?
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RNAV is $ 2.50 , but Iskandar Waterfront Holding want to take it private at $0.76?? No Way !!! Should got rejected . Buy with target at least $1.80

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In 2008 This counter was trading as high as rm 2.00. Low debt and priced at 76sen. At 76 sen Ekovest is buying at a very steep discount. Now is 2012 so what price should it be? Anything lower than rm1.00 is a steal.
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But i think to keep it too long is so risky because the NTA of the company is only 0.75
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Since the market is always right. Let the market decide what price should Tebrau's intrinsic value be at tomorrow openings. Trending up and up or doing the reversal. If you taught it is risky to hold at 75cents then why is the insider (Ekovest) buying at 76sen. U mean they are that stupid?
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