QUOTE(StupidGuyPlayComp @ Aug 7 2012, 12:49 PM)

We better put a stop on this debate among us...............different view, regardless how debate still no end result.
That was a debate meh?
I only repeated what I posted few weeks ago.
Never mind, if don't like, just treat me as a wind talker.
There are a lot of things I don't like.
I don't like REITS.
REITS don't like me either.
REITS stocks still go higher all the time.
Conclusion? Who cares what I don't like?
For your own benefit.
Bring out calculator.
Count.
Using simple cash balance as valuation target:
A GO at 6.80, how much KFima makes?
A GO at 8.00, how much Kfima makes?
A GO at 9.00, how much Kfima makes?
If no make money, KFima make GO for what?

** Curi gark's work to help you **
QUOTE
Net cash of Kfima = 270 million
Net cash of Fimacor = 216 million
Market cap of Fimacor (at RM 6.50) = RM 536 million
Shares own by Basir Family through Kfima = 60.82%
So all they have to do is GO for the remaining 40% and pay 214.4 million in cash and get back 216 million net cash (owned by Fimacor). Good deal or not?
Fimacor has 82,426,810 shares. You can use that to count Fimacor's market cap at different prices.
This post has been edited by Boon3: Aug 7 2012, 01:17 PM