I am thinking to take an investment in GuocoLeisure in view of reguar buyback by QLC and his privatisation of Guoco Group. Does anyone has any view/experience with this stock? Thank you.
The uptrend is intact. Buyer sentiment is turning positive as more people realise that when the independent valuer issues a report in April, the current discount will look too unwarranted. I think GuocoLeisure can touch S$1.00 from the 76 cents range currently. Just my 2 c worth.
Ouch! 3 months on, & the darn stock hasn't moved up to anywhere near $1.00. The valuation report for the Guoco Group was too conservative. The buzz has disappeared.
From what I read, OSK-DMG maintains a more realistic valuation of GuocoLeisure with a sum of parts valuation at SGD1.79/share (from SGD1.78 previously). BUY TP SGD 1.25. Still got upside from 79.5 cents currently. I m holding on to this babe.
gangho: how are you with this Guocoleisure? It is greatly undervalued even at 81 cents currently, isn't it? There is not sufficient investor awareness about this stock. The company lacks the drive to communicate widely about its business.
Reference is made to the article “GuocoLeisure Shares Up on More Delisting Talk” in the 31
May 2014 edition of The Business Times.
The Board of Directors of GuocoLeisure Limited (“Company”) wishes to inform that, as
announced on 23 December 2013, the Company will be delisted from the New Zealand
Exchange on 27 June 2014. However, there is no intention to delist the Company from the
Singapore Exchange.