Wrote this the other day: Taking Of Hume Industries 1,2,3!
I took a wild guess and assumed that Hume Industries could ring in some 30 million in earnings.
Well Hume Industries reported its earnings tonight and guess what, I was little short. Hume Industries earnings came in at 34 million instead!
Anyway, look at the EPS for half year, it's 32.7 sen. How much do you think Hume Industries eps for the fiscal year to be? Annualised at 65 sen per share? Or perhaps at some be a bit more optimistic and assume an eps of 80 sen? Not possible.
And based on current prices, won't Hume Industries be the perfect investing gem?
Of course no.
The owners want to take this stock private at 4.30!!!!
Sigh!
Let's cheer for the investing and the great investing prospects where companies like Hume Industries can be taken private as per owners fancy.
The offer for Hume Industries to be taken private is not only seriously under valued but it makes a total mockery of the share market too!
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4 comments:
There always a saying that "How many richmen would share his wealth with us trully?".
I would like to put 1 red chip with you, Moolah. This company is going to bag a huge contract in coming months. (My guess)
LOL!
You win.
Take MPI. Great stock but sadly, how does the long term investor evalute the risk of another privatisation?
Should one even bother?
"Sho fly don't bother me"...says the havana smoking man...
This makes our life full of heart attack with this kind of stocks...."song song" privatise then jia lat...but richman says I am got money people, you are or not?
One fine day.. all the small flies ... might just fly away... and sing... "You got money, so what? ... I don't like, I fly away!" :P
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