First glance
Cash RM 104,096
Total Debt RM 65,062
Net Cash 6 sen per share.
Strong balance sheet.
How about "Net Cash Equavalent" assets ?
Net "Cash Equavalent" assets stands at (8+15-9) = 14 sen per share.If i add "unquoted invested after provision of 14 sen,
the liquidity value will be no less than (14+14) = 28 sen.
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PMCorp current price at 12.5 sen appears "attractive" to me.
.
dali called to buy jcy @1.60, jcy is now 0.76,proof here >
ReplyDeletehttp://malaysiafinance.blogspot.com/2010/02/jcys-new-pricing.htmlDarlie singh call buy on JCY @ 1.60 :-
Thursday, February 11, 2010
JCY's New Pricing
JCY looks likely to slash its IPO price to RM1.60 from an earlier indicative RM2.00. At RM1.60, its a good price level to get in. I still think its fair value is at RM1.80. Enough said.
Posted by Salvatore_Dali at 1:41 PM
Labels: JCY, Rannes Man