Salim group will fooled all Singaporean shareholders to giving up your holdings.. if this shrewd business group could privatise successfully.. no only will they laught all the way to the bank.. they will be laugthing all the way to the moon, the star and the sun. Please please.. dont let that happen..
1. If you are a broker / Remisier- tell your clients not to accept, not to sell.. buy more if got 0.275, even better. They have very low risks buying more.
Think of your clients.. dont just earn that small comms and ripe off them.. dont persuade them to sell.
2. If you are Institutional shareholders - Contact Indoagri and bang table upside down, threaten to write a nasty emails to the press.
3. If you are retail shareholders - get our act together and ready to fight.. We demand honest, fair value proposition.
Look at the past 10 yr data from Bloomberg. Did you notice only market cap had gone down multifold from listing all the way to below $0.20. Look carefully at the 10yr trend - cash balance, prefered shares , debt balance first. You noticed cash balance is not in a very critically low level, in fact, it is very healthy. Most cash had been spent buying assets over the years.. Salim did that on purpose so that cash level looked low.. Indoagri assets is so huge.. I wont be surprise if it can match Wilmar.
Next, debt level.. no change...very constant, very healthy.
Prefered share actually came down over time.
Hence, the company is as healthy now as 10 yrs ago.. why we are all offer 0.28 per shares while it was valued over 1.00 to 3.00 10yrs ago?
Look at next level shareholder , only slight above 1%, balance 20% or more are retailers. Retailers have no muscle to push prices up. This is Salim group strategy to keep the demand so low, so illiquid, keep on pressing the price down so low for one simple reason. To privatise the company cheap... so cheap.
If you are a shareholder.. you need advise and cant find anyone.. talk to me! Dont be silly pls pls