From today's Business Times:
- Measat Global said it did not plan to maintain MGB's listed status on the stock exchange.MGB's second largest shareholder, Telekom Malaysia Bhd, which held a 15.4 per cent stake as at April 26 this year, stands to reap a tidy RM252 million if it accepts the offer.... ( Read more: Measat gets RM4.20 a share buyout offer )
What does the 'stands to reap a tidy rm 252 million' means?
Seriously!
How difficult is it to search for Telekom Malaysia's cost of investment in Measat Global?
How many clicks?
Let me count for you...
- Bursa website to search for companies announcements
- Click on Archives
- Click on BY COMPANY
- Click T for Telekom
- Click On TELEKOM MALAYSIA
- Search for Measat.
6 Clicks of the Mouse. How difficult can it be? I dunno but apparently it sure is difficult!
And from this 6 clicks, we have....
Yup Telekom Malaysia cost of investment in Measat Global in December 2003 was 250 Million.
- The Proposed Acquisition involves 60,024,010 ordinary shares of RM0.78 each at a price of RM4.165 per share representing approximately 15% of the equity interests in MGB for a total purchase price of RM250,000,000.
Price? rm 4.165 sen.
If Telekom Malaysia decides to cash in this insane offer of 4.20 per share, Telekom Malaysia would get back 252 million.
A profit of 2 million.
And during this period... Measat Global paid ZERO dividends.
So tell me... what exactly does the financial reporter means by Telekom Malaysia 'stands to reap a tidy RM252 million if it accepts the offer'????
Glee!
I would be seriously offended and pissed if I was a Telekom Malaysia minority shareholder!
Seriously!
Postings on Measat Global's privatisation:
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