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for 3 months plus, the boss was silent and did nothing although he can easily acquired the remaining 1.7% from the market. possible it s time to make his next move?
wait for end of March to see if there s any settlement on the Uni Melaka debts and new charge rate. hold on for now due to volatility beyond Bintai control.
I can imagine how the boss may look forward to delist Gent for RM7-8 billion for the remaining 50% outstanding shares and next list Getting America for USD10 bil for a 51% share offered. easily pocket back RM40 bil for himself and family by just spending rm8 billions here. not to forget he still own 49% of Genting America via his 100% Genting group ownership.
by that time both GenM n Gent would be delisted.
what are u looking forward in Gent share price in the next 5 months from the current low? opening of NY casino in June? or world cup positive vibes in June/July?
when June comes, if both the news of NY casino opening with 100-200 tables and taurx drug approval still can't increase the price of this Genting share, then we'll know how rot genting is and probably would be delisted for listing in NYSE.
if other competitors want to take a cut of Genting, this is the best time to acquire and buy up Genting shares and get a BOD seat. never know what Genting would attract at such low valuation
the margin call should be around 2.60 and below. forces sale based on calculated price in early March 2020 is around 2.10-2.30. it would be exciting to see what would happen between 2.30-2.60. would the boss let it to fall further nearing 2.30 or he would take action before that.
believe me when I said that Kien Huat has rm1.2 billion war chest that it accumulated from GenM since 2019. this is purely just from the sales of Empire. yet to factor its dividends. in addition, Kien Huat is now owning around 44.7% of Genting. it can easily pump up its holding to 55%-60% at such low valuation now. just wait before the triggered price of margin call soon
