Red Sena, the FOOD SPAC that is offering a nine per cent odd return over investment a year, once it's qualifying assets are APPROVED is the fourth most actively traded stock.
At current levels, (42 sen a share) Red Sena looks like a NO go for yield investors.
This is because, investors can only be expected to get back 92 per cent of the 50 sen a share they pumped into the food SPAC.
This translates to about 44 sen a share, and considering SPAC have a three year life line (Red Sena listed in 2015), and if you are not a contra trader, or a margin trader looking to make a fast buck, the money will yield you better FD rates.
That being said, here at Bursa Malaysia itself, we have seen Food based companies such as Mamee Double Decker Bhd, being snapped up by private equities.
Well managed food based companies often do not promise spectacular results, but what they can offer you is fantastic consistent earnings.
Friday, 7 October 2016
Red Sena (By Popular Demand)
