Giken Sakata (26 cents) -- high cashflow, low capex, high promise of dividend... If the market recognises that all these can turn into reality, GS will be worth 100% more (perhaps/hopefully). There is another factor to bear in mind -- there is a selling price re-set + USD/rupiah re-set by customer Pertamina in 6-9 months time. More or less, the result could be effectively the same as today's situation, then no issue for GS.
Singapore, 21 January 2015 – Sakae Corporate Advisory Pte. Ltd. (“Sakae”) has been engaged by Giken Sakata (S) Limited (“GSS”) to act as its Corporate Adviser. Mr. Douglas Foo, Founder and Executive Chairman of Sakae Holdings Ltd. said, “We are delighted that GSS has come on board as the second participant of our strategic investor relations programme. Participants in our programme are carefully selected by us on the basis of our assessment of their growth potential and ability to attract interest from European, American and other international investors.” Commenting on Sakae’s corporate advisory business, Mr. Foo said, “We have been pleasantly surprised with the recent rapid development of our corporate advisory business. Within the short space of January, we have signed a Memorandum of Understanding to co-operate with Religare Capital Markets, as well as have two promising companies with strong growth potential participate in our strategic investor relations programme.”
