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26-06-2012, 10:41 AM
you are right, I view capital intensitivity as a disadvantage as I am a strong believer in ROA and ROE
Btw, i found another very interesting fact.
http://www.maxi-cash.com.sg/pdf/Maxi-Cas...0439PM.PDF
According to the ballot result, Mother + Brother + Sister-In-Law of Koh Wee Seng are allocated a total of 10.8 million shares which works out to be 3.63%. If they did not sell their share, that will mean free float is only 100- 81.08 - 3.63-1.31 =13.98% currently.
For the Kohs, they have 2 choices for purchasing of share - Aspial or Maxi-Cash. Given that Aspial owns 81.08% of maxi-cash, they can purchase Aspial even if they have confidence in growth of Maxi-cash. Does their actions implies that Maxi-cash is a better buy than Aspial?
The Kohs currently own a total of 77% of Aspial.
Btw, i found another very interesting fact.
http://www.maxi-cash.com.sg/pdf/Maxi-Cas...0439PM.PDF
According to the ballot result, Mother + Brother + Sister-In-Law of Koh Wee Seng are allocated a total of 10.8 million shares which works out to be 3.63%. If they did not sell their share, that will mean free float is only 100- 81.08 - 3.63-1.31 =13.98% currently.
For the Kohs, they have 2 choices for purchasing of share - Aspial or Maxi-Cash. Given that Aspial owns 81.08% of maxi-cash, they can purchase Aspial even if they have confidence in growth of Maxi-cash. Does their actions implies that Maxi-cash is a better buy than Aspial?
The Kohs currently own a total of 77% of Aspial.