Monday, August 09, 2010

EPIC to be privatised?

Some months back, there was rumors that EPIC would be taken private at RM2.50 per share. The major shareholder, Ahmad Zaki, was reported to have said that he would not agree to the price which he deemed too cheap.
EPIC shot up 15 sen this morning. Looking at the price movements of EPIC, I am of the opinion that this time, the privatization is for real. I have no idea at what price it would be privatized. But I believe that it will be above RM2.50 per share.
Hold on to your EPIC, and hope for the best.