04-03-2014, 01:22 AM
(03-03-2014, 07:57 PM)SLC81 Wrote: Ng Hock Ching offers to buy 10.3 % of Fu Yu for 9 cents.
Based on the latest financial statement of FuYu, cash is about 9.5cents/share and NAV is 22.26cents. This is really a cheap offer.
One of the reasons for this guy's offer is "his current shareholding was acquired at a much higher cost compared to the current share price of the company" and he wishes to "average down his overall cost of investment". He thinks we are Santa Claus!!!
- vested but ready to dump