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2019-06-05 23:38 | Report Abuse
multi530: after u re check the financial statements, what did u manage to find out? Did u read Note 22 of the Annual Report that was uploaded in Bursa? Note 22 says as at 30 June 2018, it has bank loan of RM848mil? How about now after 9 months when Ringgit has depreciated a fair bit, so the RM848mil could very well become more than RM900mil now? (Corus Hyde Park bank loan should be in Pound). how about other overdue non-bank owings?
In the Q3 result announcements to Bursa, it stated that 9 months total finance cost is RM33.65mil? (1 month is around RM3.8mil? to RM4mil?). The finance cost is very high if compare with its gross profit(it is almost 29% of gross profit). Corus hyde park bank loan(RM450mil?) must settled if it is sold? so not sure how much sales proceeds from the disposal for reduce the bank loan and declare special dividend? And also sell another 2 or 3 high value assets to cover?
2019-06-05 10:04 | Report Abuse
RM440m TOD Bandar Springhill? Sure? What happen to last year announcement on baker&cook in midvalley? it is free to simply make announcement. Empty vessel make the most noise. If really want to turnaround the company, those long under performing heads of businesses and directors should be sacked and replaced. They are parasitizing the company, leaching on the given remuneration package. Their job is to just give excuses to the top management for the management to give shareholders.
Stock: [MUIIND]: MALAYAN UNITED INDUSTRIES BHD
2019-06-06 20:08 | Report Abuse
.....and to take debts to pay to feed those non performing head of businesses and directors since no profit?