Thursday, August 25, 2011

EPIC Offered 3.10 a share Not a fair price

Shares of EPIC belonging to Ahmad Zaki Resources were sold to the Trengganu Government at RM3.10 a share on Nov 4, 2010. At that time, EPIC was traded at around RM2.10 per share.

EPIC was last traded at RM2.93. Thus the offered price should be higher than RM3.10. In my opinion RM3.30 per share would be a fairer price.