i attended the agm.. from i understanding they have enough capital fund to run the rest of projects even after distribution of 900 mil this year and 400mil upcoming year. IF they hit the sales target

will the crazy special dividend push it back to ipo price?

I believe ewint has been making money since IPO but they park inside JV and focusing on the MTN loan repayment. i dont think the boss will distribute most of the cash out to shareholders.. and they even make promise last year which make me thinks that there is a lot of cash inside JV. Also Teow has mentioned they have enough funding for EW London, if not making money from EW ballymmore how to fund to another jV?

hi how do you derive the share of jv profit? i couldn't find it in the report. even cash in the JV. what i can get from the report on either dividend from JV or repayment from JV

this is only dividend from ew ballymore, let alone ew london.. even though the economics is bad but this company is debt free and future income will be declared like this year and next year.. its no brainer deal for me.. sad for ipo buyer but the price now is too cheap

this is not betting man.

pretty sure there is a lot of money inside JV under ewint.. but due to accounting treatment it wont show in consolidated ewint account.. debt free after 24 may.. woohoohoo in property developer sector this is amazing..

not sure how high can it go.. but i expect 1.3b to be distributed within next 24 months. that is 54 cents dividend.. almost 0 cost enter now.. 1.5b share cap reduction(150m to write off accumulated loss, 900 mil this year, 400 upcoming year..) it's super good deal..