Taking Private !

When share price is trading low below its fair value with major shareholder hold more than 30%, the likelihood is to privatise the company. Company to watch out : Ranhill

Ranhill
The earning per share from RUBHD may contribute up to RM0.24. With the major shareholder hold more than 50%, I think sooner or later may taking private. The existing NTA of RM0.61 ( last quarter losses after dispose oil exploration activities) and current share price below RM0.80 plus some support at RM0.65 level provide good opportunity to accumulate this counter.

Investment Strategic Update-25-09-2008

Market views:
1. If the US Congress passsed the USD$700 billion bailout, I believe this move will help to instill the "temporary" confident and market will stabalise for while.
2. Therefore, good timing for trading buy in certain counters and Buy Call for NCB

Stock pick:
i) Buy TM 10,000 shares@3.20 (Investment value=RM32,000)
ii) Buy Genting 10,000 shares@5.15 (Investment value=RM51,500)
iii) Buy NCB 10,000 share@3.00 (Investment value =RM32,000), medium to long term investment

Strategies:Investment amount = RM250,000 Start date: 15 August 2008 Target Return: 30% p.a
Equity Investment: Fund =RM150,000 Invested =RM113,500
Buy TM 10,000@3.20
Buy Genting 10,000@5.15
Buy NCB 10,000@3.00


Futures & Options Investment:
Amount = RM50,000 (No position)

Money Market: 3% retutn
Amount = RM200,000 Withdraw =RM150,000
New Position =RM50,000
15-8-2008 to 25-9-2008 Interest return is RM657