IWCITY (1589) - Operating in an environment of incomplete information
Stocks market is.................................Operating in an environment of incomplete information
People may think they are value investors but in reality, stock market is Operating in an environment of incomplete information
Let's talk about IWCITY .
According to The Star today,
Market value of Johor land $ 30 billion
Number of shares of enlarged IWH 4.3 billion
Re affirms Bandar Malaysia is part of IWH , but not included in the calculation of the $ 30 billion figure.
RNAV of enlraged IWH is $ 4.50 per share
What we do not know.....................
How much loans they have?
How much Redeemable Convertible Preference shares will be issued. ?
What does the pro forma Balance Sheet of the enlraged IWH look like?
Do the people who buy IWCITY today have the full information?
Of course they don't have ( complte information) because if they have non public information, if they have insider information, they could have bought it before today.
Making decisions in an environment of incomplete information.
Stock market is not about value investing, it is about making decisionsin an environment of incomplete information.
I think share market isNOT about value investing.
The value of a share is based on intrinsic values plus / or minus an X factor.
The X factor is generally very significant to the decision making process....some thing books never tell you.
The author has a small position in IWCITY.
IWCITY (1589) - Operating in an environment of incomplete information
http://klse.i3investor.com/blogs/stockman/118012.jsp
