A friend took a very very large position in Cepat W Plantation at Monday 5pm closing price of RM1.60 and asked me for my opinion. I didn't have the details at that time so I'll post on blog later.
And here it is: Cepat fully mature planted area is 7,700ha, issued shares 215.46m ( nta 169, Q/Q 2.7/ 2.5/ 1.3/ 4.1 ) Fv = RM1.06 Trading at RM1.60 w/ PE 15.1
I dont know how far it can go but here's some guide: RM1.70 @ PE 16, RM1.80 @ PE 17, RM2 @ PE 19
This posting will be deleted in 2 days..