SUPER UNDERVALUED. CDL RNAV is $19.86
The property group tackled the concerns in a bourse filing on Thursday (Apr 17) night, ahead of its annual general meeting (AGM) on Apr 23.
Describing the group’s share price-to-asset value gap as a “chasm”, a shareholder said it reflected the “profound failure” of CDL’s board to “crystallise value”. CDL’s estimated revalued net asset value (RNAV) stands at S$19.86 per share
this giant has to be Revalued towards fair value !!
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* Privatization Plans: Following the potential completion of the takeover offer, CDL intends to delist and privatize MCK from the New Zealand Stock Exchange (NZX). This move aims to simplify the ownership structure of CDL's New Zealand entities and allow for reinvestment in MCK's assets
The best thing that happens to us is when a great company gets into temporary trouble… We want to buy them when they're on the operating table.” “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” [Love] [Love] [Love]
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