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Later like Ananda Krishnan privatised Maxis in 2007 and relist in 2009 just 2 yrs+.. wait till GenM back to track consistent yearly billion profit and get New York license then listed again they play all liao..
The privatisation in long term shall benefits Genting as GenM is fairly undervalue while thereafter it may consolidate 100% GenM profit to the group instead of 49.5% while the New York license, Miami assets easily profit US1 billion is good enough to use RM6.7 bil to privatise GenM.. future if GenM relist back also may benefits Genting. GenM current NTA is RM2.07 while privatise at RM2.35, Genting NTA is at RM8.23 now but one main disadvantage will increase Genting debt gearing from 0.43 to 0.5
One of the good example is YTLPower.. many years ago the stock price at RM2+ then come down all the way to RM1.3+ and my wife bought and its down all the way to RM0.60+ and my wife can only hold and almost 7 yrs taking little dividend and successfully sold it last year. As long as the company making a come back we all have chance.
Ya agreed Nerraw but business is like that no guaranteed successful. We as minority shareholders only hope the company eventually find the right way to growth again. Indonesia LNG Gas could be good venture once start contributing while if New York license if really able to turnaround Empire via leverage and Las Vegas start contribute perhaps thing will say otherwise.. we just can patiently wait
