Some simple facts when Bumi Armada was TAKEN PRIVATE back in 2003.

   1. Bumi Armada had an eps of RM 1.01 per share
   2. Bumi Armada had a growth rate of 25% per annum.
   3. Bumi Armada was delisted at rm 7.00.
   4. That's an PE multiple of 7x based on CURRENT earnings.
   5. With a growth rate of 25% per annum, Bumi Armada's eps would hit RM 1.97 per share within 3 years.
   6. And the EPS would double to RM 2.46 per share by the 4th year.
   7. Using a price of 7.00, the stock WAS TAKEN private with a pe of 3.55x using a 3 year forward earning.

Shocking?

Yes, that was how CHEAP Bumi Armada was delisted via a privatisation exercise.

Many felt robbed!

But now Bumi Armada is GOING to be relisted on the stock exchange again.

Incredible isn't it?

Companies can easily list and delist and list again in Bursa Malaysia.

Doesn't this make a total mockery of the stock exchange?

Why our stock exchange so no class? Why allow stocks to list, delist and list again? Main masak-masak ah?
.........go here to learn more please....
http://whereiszemoola.blogspot.com/2011/06...rmadas-ipo.html
Yes, history is repeating itself just like you all are going to be taken for a ride......yes, being suckers?