STAR (6084) Star Media. Can Cari Makan?

Won legal case against JAKS.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075774

Reward: 130+m + interest. Interest still counting until JAKS settle everything. Total maybe more than 200M.

Now, We all know:
* STAR is a great brand. Digital media transformation stuffs on going.
* STAR NTA is more than RM1 with tons of it in cold hard cash.
* STAR 50%+- shareholders are politically linked.
* STAR price used to be RM3 to rm4. 2018 still above RM0.5 to high of RM1.
* STAR anytime could be privatized.
* STAR market cap now is below 300m at below RM0.4 per share.
* Plenty of rumors about how STAR is going to MONETIZE their cash and lands.
* Possible Special Large Dividend

Potential winner in the making.

Risks:

* Media business is so so.

* Immediate QR may not be so nice.

* Other market events overshadow.

* GE

 

*** This is not a post to suggest buy or sell. Take your own risk pls.

https://klse.i3investor.com/blogs/carimakan/2020-08-09-story-h1511617128-Star_Media_Can_Cari_Makan.jsp