I thou. the co. have made decision to suspend the dividend for this year, as they are try to conserve cash on reducing high debt, especially the new term loan (500 million) taken on the acquisition of Auric Pacific's distribution business in Mar 19.

I think the killer is not the hike in casino license, but a 10% in both gross gaming revenue in table and slot machine, and a below average CEO and management team...

@RV, you re right on the gross gaming earnings and 24% corporate tax, there is additional 30 million increased in casino license fee, & additional $40k per slot machine annually; RW Genting is become most heaviest taxied casino in the world !!!

@pengwin, thanks for good advice, my take is the sharp drop in the share has been over-reacted, as every 0.10 sen drop, would cause 0.25 billion loss, so far Gamuda has incurred 2.9 billion loss in paper value (from 3.20 to 2.1), yet they owned 50% of MMC-Gamuda JV....

i think, as investor (value), It’s our job to catch falling knives, That’s how we get bargains. but have to do it carefully....if wait till all dust settles & all the uncertainty resolved, once that happens then the share price will have rebounded.

A 2 billion saving out of remaining - revised unfinished contract value (60%), = 14.58 x 60% = 8.75, so there is extra 23% potential saving (2 / 8.75)...if I m the government, i will do the same by terminate & re-tender it !!

since the mrt2 termination news, Gamuda's share mkt capitalisation has dropped 2.6-2.8 billion (3.21 to 2.2), much more than RM2 billion potential saving / cut requested by government, as this project is jointly owned by MMC & Gamuda (50% share equally)...

the max 30% limit down should set at 2.25

why said so ?

Thx Alex, u re too humble, I just happen to know this sole business well, as been holding it for a very long time, while you have a greater knowledge and experience in a lot more companies..

Aeon Credit is a finance co, so excess cash should rephrase as equity/capital, this new equity would be used to buffer its CAR, as current their CAR is at 19.5% vs minimum of 16% stipulated by BNM, if they don't raise capital, their future growth would be quite limited....every 1 dollar increase in capital, would enable 5 or 5.5 dollar increase in their financing receivables [based on CAR's 19.5% as assumption].

Sorry for the typo, if the answer is none

If the question is none, then I would rather sit tight and stay investing than to cash out...as this is one of superior company, the value might / would catch up with its lopsided price eventually.

PE > 21x based on today closing price at 5.14, the question shall be asked, could the sales proceed (if after disposed) better invest to other share(s) that have more value vs Padini now ?

the business franchise is still unique, thou next ten years might not as good (in term of price/value proposition & business wise prospect) as the market is maturing, however think there're some legs / tailwind to go, please keep hold and buy more if good opportunity arise...

Consider Aeon Credit IPO on Dec 07, it's a 10 years journey, if one subscribed 1,000 units for its IPO at 2.50, then go sleep for the next 10 years, & wake up to sell the stock today...include bonus issues(twice), dividends received and ICUL subscribed, he/she would earn about 29,120 from this trade, a compounded annual return of 28.9%.

If we go back to its 1st bonus issued 1:5 on Sep 12, mean it's worth RM25 now..

should read as Courts.

Its main competitors are as GEP : Counts & Singer; MEP / Personal financing : banks, Hap Seng & RCE(Civil Servants), cards business : banks.

Yes, LA should be opened at 1.20 or above, if the price at 13.18~18.20 is sustain till 21 Sep. It's one of the best, if not the best amongst all financial companies in Bursa / SGX.

thanks for all updates, Chloe & Smartly

May be it's too late or not everyone have PBB or Affin internet bank account, I applied via my PBB, the internet application fee is $4.24 & the whole process taken < 10 minutes, saved time & cost... you can also do electronic application via ATM, at same fees at $4.24.

The conversion is at $10.99, unless the mother share dropped to below this level, LR would still in the money, i.e. $12.30 is equivalent to $1.12 vs $1.00 per LR subscription price.

Only 2 banks participating for ATM or Internet banking methods, i.e. Affin bank and Public bank

but now LR right seem about right on its mother share price...so do you really want to buy now ?

u won't received any RSF if you buy any LR these 2 days, just print out from above mentioned path, then fill up your entitlement units + excess right unit, remit back to them if you are not thru. ATM or Internet banking methods

once u bought LR, u can downloand / print out the Rights subscription form from Aeon Credit Bursa announcement dated 15 Aug 17

last day is buy or sell tomorrow, 25 Aug, as it's T+3 days

It's just my own guess work, as I never make LR / LA purchased before...why I involved, mainly due to I have shares and like the company very much....

if based on 1st day LR listing when AeonCr is priced at 12.50, guess LA would be at around 1.14 or 1.15

those purchased in Wed / Thurs, are being force sell now, the LR price is dropping like a stone into water...but high risk to buy now due to a shorter deadline (expired this Friday), but it's "In money" now...

thank Freeeasy input..however mfrs 9 is applicable, might have a considerable impact to AeonCr, guess one of main reason of the ICULS, is to buffer up CAR, for business expansion as well as to cover any distressful impact from this new adoption in 2018.

Nobody know the financial impact of Mfrs9 yet, included AeonCr management, they are currently assessing this adoption...might know only by earlier next year.

However I also the existing shareholder of AeonCr, hence I guess can combine the given rights ICULS + newly purchased LR's allotted rights, into (A) Acceptable section, of ICULS applied, right ?

Just downloaded the form, thx a lot !!

Could anyone advise, as I just purchased some LR shares and intend to subscribe / buy LA eventually, how should I go about for this LA subscription, if I go thru. either methods of Rights subscription form or Internet banking ?

LR is valid until next Friday, 25 Aug 17 only...