GUH has been climbing up slowly and steady after it surged 15% on 16 January 2012.
The saying goes "there is no smoke without fire". Why would it surged on strong volume without any news? JAWS smell blood and a GO bait is set on the card @ RM1.80. Some shark chum checking reveals there is some truth to this.
Share buyback has been frequent while, net cash in books amount to RM121m or RM0.60 or 43% of its market cap/ & share price. Discount to book value @ RM2.10, massive 54%, with a good decent dividend yield of 3% to 4%. PE of 6 to 7x. It will received additional RM23m cash following its stake in Leader Universal which is being privatized.
The only question is why one of its shareholder is selling and who is buying. Volume is slowly creeping up. JAWS like the smell of blood chum. It is time for the kill.
