Ninetology’s production line at the company’s assembly facility in Shah Alam. Industry sources familiar with takeover offers say the offer by Ninetology to take over ACE Market-listed Ingenuity Solutions is made easy to fail.
WITH the euphoria surrounding the possible takeover bid on ACE Market-listed Ingenuity Solutions Bhd, we shall have a look at what specifically this company is up to and what has prompted the offerer, Ninetology Marketing Sdn Bhd, to make such a high price for it.
With an offer of 55 sen per share, Ninetology is valuing Ingenuity at an extremely rich 16 times forecast earnings of the company, including forecast earnings from its telecommunications business. There must be some intrinsic value that Ninetology sees in the company but let's just look at the numbers for now.
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