Forward P/E : 10.9
3.45 X [(Q1 2014~3.12, Q2 2014~12.64) X 2 (annualized it by X2)]
Dividend per share : 0.05 (2010 0, 2011 0.05, 2012 0.05 2013 0)
Dividend Yield : 1.45% - Fail
Quick Ratio : 0.36 – Fail
Debt/Equity Ratio : 2.32 - Fail
The issue is: THE OFFER IS CONDITIONAL!
Offer 3.50 (historical PE 24) to buy my 2.30 a piece (pre VGO) is fair and reasonable, SELL TO THE MARKET.
2. If I do not have Layhong shares:
Do not touch. PE 24 with a net profit margin 1.24% (2014) is no good.
3. If MGO fails, most likely price will drop back to the range of pre VGO: 2.20 to 2.40 (PE 16 +-) QL will return to you your shares (3.50 NO GO). If MGO succeeded, you will get paid 3.50 apiece. Which one is better? You decide.
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