The WSJ said the deal could be worth more than 400 million.
However, while I am vested and would gladly ride this wind, i have to honest and feel that is most probably just wind, particularly the price involved.
400 mio price tag is double Cogent current market cap. And almost 4 times its total assets.
While I like its business as well as management, the buyer only get the business and not the management.
Would u pay $4 for $1 asset.
If u look at earning ratio, it is inexpensive now, but if u double the current price to 80cents then PE will look a bit stretched for logistic players.
I know, I slapping myself right. Should let the wind bring it high high and sell. But nvm, market not stupid.
I agree with city farmer from valuebuddies it be some form of high placement and giving away some f te shares for injection of capital. They need it if they are developing the property at jurong island.
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