SingHaiyi Group (formerly: SingXpress Land)

Greenrookie · 27-11-2012, 10:52 PM

(13-08-2012, 08:16 PM)nitro Wrote:
(13-08-2012, 12:32 PM)propertyinvestor Wrote: No Its not a Gem anymore. Not at this price.

NAV after the private placement in May 2012 = 1.13cents / Market trading at $0.013
NAV after the full conversion of the Subscription Shares = 1.16cents / Market trading at $0.016

Market is alway trading > NAV.

Reading through the AR,

"The investment properties are carried at fair value determined annually by independent professional valuers on the highest-and-best-use basis. Changes in fair value are recognised in income statement when incurred."

Is there any other hidden aspects to show that this is a gem?

Btw - Parent company shot up 15.83% today.

huh mandatory cash offer price lower than market price??? how to pass??

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