So our favourite funny man in the telecom industry has announced this morning that he wants to buy out all the shares in JAS at THB 7.25/share.
If you remember your corp fin 101, MBO’s are typically done for a strong cash generative business and with plenty of cash on the b/s. Now JAS doesn’t quite the criteria on these 2 points, their business is stagnant given they’ve sold off the CF’s to a fund already and they’ve gone on a sharebuyback spree in since the 4G debacle. So how does this make any sense? We have our theories but writing them publicly would definitely be considered slander..
Anyways..here are the official announcements: