A GEM - CHINA TAISAN . NET CASH . RMB 797.6 MILLION

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13 years 1 month ago - 13 years 1 month ago #7201 by ZEN
VERY NOTABLE INSIDER TRADES !!!!!!
 
END JULY 2011 . DIRECTOR CHOI CHEUNG KONG BOUGHT ABOUT 6.5 MILLION SHARES AT 11.8c !!!!!
 
YOU CAN ACCUMULATE CHEAPER THAN HIM NOW
 
HE AND THE COMPANY GOT SO MUCH CONFIDENCE IN CHINA TAISAN . DON'T MISS THIS GEM .
RECENT MARKET SELLDOWN HAD OPENED AN OPPORTUNITY FOR US TO BUY
Last edit: 13 years 1 month ago by ZEN.

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13 years 1 month ago #7208 by danzing87
net cash might not be as huge as it is..
RMB 797.6m assumes only payment of borrowings.. there is still a chunk of payables to be paid.. margin of safety is not there if only factor in borrowings
 
Net cash (net all liabilities): RMB 625m
Remaining IPO proceeds to be spent (from 1H FY2011 notes) : RMB 42m
Proceeds from TDR + third party listing (factoring entire proceeds to be spent): RMB 190m
Net net cash: RMB 393m or SGD78m (1RMB to 0.2SGD)
 
Current marcap at last done price of S$0.095: S$105m
 
Cold hard idle cash stands at 74%!
 
seem to have some potential.. have yet to understand the business fully but share the same sentiment from earlier post that the industry is getting competitive.. 

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13 years 1 month ago #7209 by danzing87
to reiterate my pont that the industry is competitive...
 
eratat lifestyle is an example... shifted from sports wear to lfiestyle wear..

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13 years 3 weeks ago #7276 by ZEN
Looks like China Taisan going to roar and surge already ...
Trading 110% below NAV .  Cash rich . Low P/E .
 

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