27-06-2014, 03:54 PM
(This post was last modified: 27-06-2014, 04:19 PM by Harvest Time.)
(27-06-2014, 01:04 AM)Pursuitofknowledge Wrote:(26-06-2014, 11:04 PM)Pursuitofknowledge Wrote: If the management were to offload their entire 42.78% interest in the open market, definitely not a easy feat without causing a significant dip in share price.
Will be a different story if there is a agreed buyer, in this case, the agreed price might be a discount to the current price.
Current cap for PNE PCN Berhad is ~62m while its net book value is ~60m.
Nevertheless, the sale of PNE will add additional cash to PNE. The question is how much?
Managed to find more information after reading the circular. File attached.
Thanks for the info, I will try to calculate the new NTA base on current market price of 101 sen.
NTA is 24.463 cents