Friday, October 05, 2012

Adventa moving into healthcare

Adventa has proposed a special dividend of RM1.30 and capital repayment of 40 sen per share.

 After these one-off payments, the NTA of the stock is lowered to 82 sen per share. The company will then no longer be in the glove business. It is moving into healthcare. 

At the present traded price of RM1.86 per share, the stock looks a bargain to me.