Severely Undervalued Stocks

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17 Jun 2020 09:54 #25384 by walterlim
On 15 January 2020, Procurri announced that the possible transaction with Park Place was called off as it proved challenging to carve out Procurri’s third-party maintenance business segment at the right price and deal structure. Procurri subsequently decided to continue its focus on developing all three of its business segments – third-party maintenance, IT hardware resale, and IT asset distribution – together as an integrated platform to provide a complete end-to-end service and leverage the synergies arising from the complementary nature of the
each of its business segment.

Quote from profit guidance statement. Management has decided to continue focus on all three business. Could this indicate another incentive for a takeover offer amid low profit earnings? If the third party maintenance is valued at $157million, there is much to gain for the main shareholders to make a takeover bid

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07 Jul 2020 08:50 #25399 by walterlim
Another sign of takeover offer/divestment of a part of the business, Proccuri has just formed a Strategy Committee to facilitate strategy review.

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Procurri0.3200.005
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