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don't be quick to celebrate. getting sbb approved in AGM doenst guarantee that the BOD would execute it. many companies also getting approval on SBB in their AGMs but they never implement it. just for in case we wanna buy.
two new directors from the automobile industry. guess nexg may announce some questionable biz venture in automobiles. no wonder half the board members resigned. get ready for bloodbath when it announced such questionable deal. straight down to 0.3 and below.
so many directors resign. there must be major disagreement in the BOD. upcoming decision may be not in the interests of the company or shareholders just like how it acquired Calista for a premium few months ago.
if you were in the market back when Getting secured the Singapore casino license, you would know that appreciation of 1.50-2.00 is normal. that was more than 15 years ago. with current value, easily 2.50-3.00 when the news is out.
that would mean higher chance for Genting to secure license in NY but facing higher risk and competition as highlighted by MGM. Genting has an advantage as it already operating a partial casino and easier to upgrade to full fledge casino within 6 months.
NTA 2.07 for GenM. in principle, they are offering higher takeover price. but in terms of future valuation and potential, not included in the pricing. for those who hold genm shares for years, they been wiped out by such low takeover price.
privatization since now genting so cheap? or selling some assets or JV. possibly related to US biz. there s no significant development in other regions.
