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 Boustead Holding Bhd, Undervalued Stock

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Cubalagi
post Mar 2 2023, 05:43 PM

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Bye bye Boustead Holdings

https://www.theedgemarkets.com/node/657499


Cubalagi
post Mar 3 2023, 03:06 PM

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QUOTE(nexona88 @ Mar 3 2023, 02:57 PM)
btw Boustead shares surge over 30% to 85.5 sen & its matching LTAT takeover offer price tongue.gif
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Unfortunately didnt have insider info to take advantage šŸ˜”

Cubalagi
post Mar 3 2023, 04:06 PM

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QUOTE(nexona88 @ Mar 3 2023, 03:11 PM)
some probably bought morning session before suspensionĀ  biggrin.gif

meanwhile many of us missed the boatĀ  dry.gif

seriously... didn't expect them to do this, so fast...
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There was always the possibility, but there were a lot of doubts LTAT would be willing to pump in so much money (RM700m at TO price currently). Coz ltat has its own problems. I guess they must have have some guarantee backing from govt.

This post has been edited by Cubalagi: Mar 3 2023, 04:07 PM
Cubalagi
post Mar 3 2023, 07:20 PM

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QUOTE(nexona88 @ Mar 3 2023, 05:54 PM)
don't confused me..

they already hold 59.4%... So now offer to buy the balance 40.58% stake..

Expected to fork out a total of RM703.2 million at 85.5 sen per share....
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Yup you are correct.


https://www.bursamalaysia.com/market_inform...?ann_id=3333950


 

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