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27-06-2012, 12:55 PM
(This post was last modified: 27-06-2012, 01:01 PM by Underdogger.)
The market is irrational.
New Toyo can easily "encash" its various components:-
a. 54% of Tien Wah or $40mil or 9 cents
b. 34% of SAH or 12 cents
c. $25mil of investment property or 5.5 cents
d. Speciality printing business - $4m to $5m per year or 11 cents (PE-10)
All add up to 37.5 cents,
of which (a) & (b) & © close to pure cash = 26.5 cents.
Is it better for New Toyo to just sell off and encash each of its components, and then DELIST?
New Toyo can easily "encash" its various components:-
a. 54% of Tien Wah or $40mil or 9 cents
b. 34% of SAH or 12 cents
c. $25mil of investment property or 5.5 cents
d. Speciality printing business - $4m to $5m per year or 11 cents (PE-10)
All add up to 37.5 cents,
of which (a) & (b) & © close to pure cash = 26.5 cents.
Is it better for New Toyo to just sell off and encash each of its components, and then DELIST?