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29-10-2012, 01:54 PM
Their future will greatly depend on Chew Ghim Bok's ability to pull off an RTO at a value creating valuation for the company's shareholders. What was interesting (at least to me) was that he opined that having cash in the company and not just the listing status was a positive as the cash can be valued at a premium when negotiating with the RTO acquirering company as other RTO shells may not bring any cash to the table at all.
I also got the impression that the associates are doing okay but that their continued good contribution (double digit dividend on cost) is not under Elite's control and influence.
Overall came away feeling quite positive and picked up a bit more at 52 cents just now.
Vested.
I also got the impression that the associates are doing okay but that their continued good contribution (double digit dividend on cost) is not under Elite's control and influence.
Overall came away feeling quite positive and picked up a bit more at 52 cents just now.
Vested.