Maxis Listing? Not Likely!

:D

On Business Times, the following caught my attention.

• "Even if they agree, I doubt it will be relisted anytime soon, because the valuation is lower than the market peak when it went private. I doubt it will be the shareholders' first choice," Juniper Securities head of research Pong Teng Siew told Business Times yesterday. (source: here )

Now this is a rather valid point.

Valuation now is LOWER than when Maxis went PRIVATE.

Meaning to say, if Maxis were to go public now, this means the owners will be selling the shares back to the public at a much lower price than the owners paid when they privatised Maxis.

Sell lower than they bought?

oO

Simply put... RUGI BUSINESS lah if they re-list.

LOL!

Now this puts a smile on my face.