Wednesday, May 29, 2013

S&M Show Podcast

New SPACs - Terragali & Australaysia; Goldis-IGB; Excessive directors' compensation.

http://www.bfm.my/sm-salvatore-dali-malaysiafinance-spacs-overpaid-directors.html

http://www.bfm.my/snm-show.html

2 comments:

Infinite Travel & Tour Sdn Bhd said...

Dear Dali ,

Regarding GOLDIS share distribute proposal which I am disagree with some points that you mentioned in interview .I think it is really unfair to MI.

At first , the block of 31% IGB share should be get a premium price instead of just simple refer to market price as benchmark .The best way is to go for tender for better price ,or direct distribute to shareholders .

Secondly, according to a research company , IGB's NTA should be RM4.60(revalue) instead of RM2.77 ,the worst is they just use market price which in low side at RM2.34 and equal to RM1.72 to pay for GOLDIS shareholder .

Thirdly , they just do revalue for G TOWER , why not for those hotel ,property & land in IGB ? see the top ten property list in IGB annual report. Maybe they purposely just want to create the good value in GOLDIS not the IGB after the corporate exercise.


The purpose to unlock value in a company is good ,but must be base on a fair price especially to those MI .

If one good company with good assets like Oriental Berhad or Keck seng without any unlock corporate exercise..share price gradually reflect its value.




Infinite Travel & Tour Sdn Bhd said...

Dear Dali ,

Regarding GOLDIS share distribute proposal which I am disagree with some points that you mentioned in interview .I think it is really unfair to MI.

At first , the block of 31% IGB share should be get a premium price instead of just simple refer to market price as benchmark .The best way is to go for tender for better price ,or direct distribute to shareholders .

Secondly, according to a research company , IGB's NTA should be RM4.60(revalue) instead of RM2.77 ,the worst is they just use market price which in low side at RM2.34 and equal to RM1.72 to pay for GOLDIS shareholder .

Thirdly , they just do revalue for G TOWER , why not for those hotel ,property & land in IGB ? see the top ten property list in IGB annual report. Maybe they purposely just want to create the good value in GOLDIS not the IGB after the corporate exercise.


The purpose to unlock value in a company is good ,but must be base on a fair price especially to those MI .

If one good company with good assets like Oriental Berhad or Keck seng without any unlock corporate exercise..share price gradually reflect its value.