GRANFLO-WA: A Good Cash Extraction Play

Written by Editor

 

The warrant of Grand-Flo Solution Berhad has been trading at depressed valuation for a long time.  GRANFLO-WA, for some reasons, has not been able to attract punters to come in despite its attractive valuation.  It has consistently traded at low premium or even at discount.  While the company does pay dividend, it also engages in consistent shares buyback activities to lend support to the share price.  The mother share and warrant of Grand-Flo closed at 21.5 sen and 10 sen on 23 January 2013. To read the rest of the article, you must Login