IDT Holdings: Thinly traded counter likely to rise as the LCD consumer electronics maker gets delisting offer from its HK Parent worth $0.54/share, representing a 12.5% premium to yesterday’s close….
Offer not surprising given stock's low trading liquidity. Despite offer being lower than grp’s latest book value of about $0.63/share, offer still presents an ideal exit opportunity for short-term investors given IDT''s money-losing streak. June-qtr loss at HK$2.9m vs HK$3.9m loss YoY.
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