sharing more notes ... tot i'd post their FY09 results here liao ... apparently i didnt ... anyway good to see heeton price up these 2 days
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let's take a look at koh bros too
from koh bros FY09
NAV = 33.53
num of sh = 479,613,400
equity = 163.054m
devlpt ppty = 124.28m
cash = 41.402m => $0.085
debt = 258.286m => $0.539
d/e = 1.584!
if sold 150m, koh bros = $0.31
lastdone = 0.25 .. 24% diff
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if sold 150m, heeton = $0.67
initial = 0.45 .. 48.8% diff
lastdone = 0.495 .. 35% diff
could this be the reason? to close the gap?
from heeton FY09
NAV = $0.807
num of sh = 223,846,000
equity = 180.637m
devlpt ppty = 259.852m
cash = 11.906m but 10.368m r pledged
debt = 351.48m => $1.57
d/e = 1.945!