PigsCanFly Ironman Latest Mark : the selling was planned last year.

PigsCanFly : POTUS=SWASTICARS SALEMAN

PigsCanFly : net book value at $0.6844. when price is at 0.71. if you include in the 0.02 upcoming dividend, almost buying at net book value

PigsCanFly : $0.02

PigsCanFly : buying another 10,000 shares tonight. the main thing is profitability and potential

PigsCanFly 104169103 : Although grab operates in developing countries, that doesn’t really mean that they are not making a decent profit. They just adapt to that country’s population earning power. For example, there are grab bikes for those who cannot afford to take grab cars in Vietnam and grab car 7 for those who can afford for a more premium ride. the main thing is Grab is not just for ride hailing, it is going to be a super app in future where people will be using it daily for rides, food delivery, banking/loans, QR payment modes and more. It has first mover advantage in many of these low income countries that you are talking about and the general population rather use this app instead of calling for a regular taxi because of safety issues/overcharging worries/items left behind in cars

PigsCanFly OP : Yes, it’s unconditional now that hanwha has more than 50%

PigsCanFly IamArnold : Unless hanwha gets 90% acceptance , they will not privatise it. They only want a controlling stake so 50% will be good enough for them

PigsCanFly : As of now, only AC Lim say that he will accept

PigsCanFly :

PigsCanFly : There is no information on that. But I am guessing that hanwha will get the 50% controlling stake that they need even if the estate is keeping their 30%

PigsCanFly : There will no longer be a safety net of $0.67 after this offer expires so it will be similar to other shares with ups and downs. If you are still holding on to the shares after hanwha has a controlling stake, it would probably be good to see who does hanwha appoints as the CEO.
I would like to see them keep AC Lim as the CEO, divert some contracts/leads to Dyna-Mac. There is a very good chance that the share price will still go up if the management team still remains, barring a full blown recession. The reason why I feel that AC Lim is important is because before he came over from Keppel, Dyna-Mac was on the verge of bankruptcy. Kudos to the daughter of the late founder for recognising his abilities and giving him free rein to build the business to what it is today.