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Coz they know well the future potential of the company and wanted to take back private. The value of this company worth more than rm1.83 as per analyst said, so assess this wisely and don’t let them influence you.
It said while the offer price represents a 28.96%–34.67% discount to FGV’s estimated fair value of RM1.83–RM1.99 per share (based on the sum-of-parts valuation method), it still reflects a premium to recent market prices, particularly over the past month. The stock was trading unchanged at RM1.30 earlier.
The analysts using PER 17.2 for the takeover based on EPS 7.5cents, yesterday results released with EPS 8.94 the fair value of the price from RM1.30 to RM1.62 based on PE 14.54.
When the results is good, they start to privatise it. Don’t want to share the profit with Shareholders. Now PE only 14.5, hopefully the minority shareholders can awake.
