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 ICAP, traded price higher than NAV

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praveenmarkandu
post Aug 6 2012, 12:01 PM

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QUOTE(cherroy @ Aug 6 2012, 11:37 AM)
Yes, I knew, but the question is possible or "do-able"?

We can talk long, day and night, but it this route is not viable or do-able (be it from regulation set, shareholders issue, from SC pov), all discussion just merely for "syiok ourself" only.  smile.gif


Added on August 6, 2012, 11:41 amJust like A listed company NAV is Rm5.00 or net cash RM3.00 or whatever, while share price just Rm1.50, with no debt and profitable.

We can talk about take over the company at Rm2.00, then liquidate the asset, sound a good strategy, but if there is a single major shareholder controlling >50%, it is impossible the major shareholders will let go at cheap.

So for a closed ended fund, it is possible if >50% of the closed ended fund shareholder demand a resolution to liquidate the fund, and get the money nearly to its NAV?

This is one of several keys discussion or previously query that I raised.
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if the company needs to liquidate for some reason... wouldnt it normally take a haircut to the market price of its assets?
praveenmarkandu
post Nov 9 2012, 09:34 AM

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BFM just had an interview with TTB. Very awkward. A bit painful to listen to.

 

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