Jaya shares have been hovering around the price that the  previous major shareholder had divested to some strategic investors in early 2011 - S$0.48 (see chart below). 

 The share price rebounded recently on a broker report of a possible takeover at S$0.65.  Jaya has responded to an SGX query on this takeover in an announcement.

I dont know anything about this possible takeover but think its worth sharing the Good, the Bad and the Possible for Jaya following a recent meeting with management in January 2012.

The Good

The key Good areas in Jaya revolve round its financial health.  Net gearing has improved from 0.31 in June ...