cnn wrote:Kestrel clients;who is in possesion of the latest research note on KK.?.Anything new in the detail?.Apparently they have upgraded its fair value to 17.50,but in this market that little goes for fundamentals that is of no consequence.
But i am happy to hold.
Interesting projections......a recurring item on this updates is the 'attractive take over target' tag. Coupled with the idea of revaluation of assets floated by Group Chairman.......could their be a plan in the near future for a sell out/take over.......wouldn't mind such a scenario as the revaluation of assets would create a dramatic growth in the balance sheet size.Any take over price would therefore be substancially higher than prevailing NSE share price taking into consideration the assets value (and hence the current P/B of 1.1) is based on purchase price of assets.
@ Cnn - send me your email i forward you todays Kestrel Update for KK.
Happy Hunting
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