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Based on the above, Kenanga IB is of the view that the Offer is NOT FAIR as the Offer Price represents a discount of between 32.47% to 37.67% to the estimated value of GENM Shares of between RM3.48 and RM3.77 per GENM Share derived from using the SOPV method, as well as a discount to the 1-year and 2-year high market price of GENM Shares up to the Notice LTD. For Holder’s information, the latest unaudited NA per GENM Share as at 30 June 2025 is RM2.07.
Very high chance of vto failing at 1st attempt. Can see that some Gent share holder are worried. Not only Gent and uncle Lim buying in open market but foreign fund also buying. Very likely need to offer higher price to be successful.
There are suspicious and potential share price manipulation before the VTO. 1) Let it slipped out of index stock. 2) Inter company lawsuits. 3) Not distributing dividend even the make solid profit. Div distributed even during hard times like covid. All these cause the share dropped significantly. Can't help feeling suspicious.
Not selling. On hand 50000 unit. FYI LIm Kok Thay and son are holding less than 1% of direct Genm share. Their major shareholding are in Genting Berhad. Chances of accumulating 75% of Genm share by Gent is not high.
@Sjci, it's up to the shareholder what they want to do. Why are u so frustrated with ppl who are not selling? Are u LKT agent?Or holding alot of Genting Bhd and worry vto failed and affect the price?
Offer price is too low. Shd at least be 2.80.On hand got 50000 unit. Average price 2.17. kept it for very long and collected div many times. Not selling it. There's a fighting chance the vto won't be successful.
