01-04-2014, 12:02 PM
(31-03-2014, 07:05 PM)dydx Wrote: Transview has completed the disposal of the entire of its regional golf wholesale/retail business to Japanese Xebio today (31Mar14)…..
http://infopub.sgx.com/FileOpen/Transvie...eID=289079
That means Transview - to be renamed as Transcorp Holdings - will now have remaining in the group B/S a mountain of cash, 2 industrial properties (1 each in Singapore and Malaysia) which could be sold for even more cash, and 2 minority stake investments in a listed Aussie mining company and an EC project.
Sant Ritz is not a EC project. http://www.propertyguru.com.sg/project/sant-ritz-21464
(01-04-2014, 11:44 AM)safetyfirst Wrote:(01-04-2014, 10:32 AM)camelking Wrote: Based on the 28m cash received, the minimum cash per share is around 15.6cent.
The company is trading around 18.8cents at time of writing.
To me, it would be really cheap to buy if the share price comes down to say, 16 cents....
Let's watch.
Imo, it looks very unlikely
There's an escrow amount of $2.8m but the company also has cash outside the proceeds.
Possible to drop to $0.16 after XD. But must wait lah...