Epf will announce 6 persen dividend because they run a bernie madoff ponzi scheme remember dividend payable out of profit n glc shares down 30- 60 percent worst armada, saprng, gkent, prestaring
If epf n asb announce a 15 percent capital principal reduction people should drag the people responsible out of a hole and do to them like gadaffi or najbullah ? Too timid ?
MRCB in Best Financial State Since 1997 - TP : RM1.00
Net gearing will be reduced to 20%. Following this announcement, MRCB has fulfilled its promises to the shareholders to conclude two major deals in 2018 – i) Eastern Dispersal Link Expressway (EDL) disposal and; ii) Bukit Jalil land sale to EPF. These two transactions will bring a total additional cash of c.RM2.75bn to MRCB. According to management, the cash will be utilised to pare down all its landbanking-related debt and the concession’s debt. Management guided that following the conclusion of the Bukit Jalil land sale to EPF, its net gearing will be significantly reduced to c.20% (72% in 3Q18).
More things to be done with stronger balance sheet. With this deal, MRCB’s landbank will all effectively be debt-free; what is left in the balance sheet are the working capital debt, which are mostly bridging debts. Given its strong balance sheet, MRCB could enter into more government projects which are driven private finance initiate (PFI) namely new airports, waste management incinerators and water related works.
Additional RM11bn of additional orderbook. Recall that in May 2018, MRCB has already secured the contract as the management contractor of the Bukit Jalil Sentral development in a provisional contract sum of RM11bn. Given that MRCB only has 20% control of the development, the works involved for this project will be recognised as an external order. This would immediately bump up MRCB’s orderbook from RM10.5bn to RM21.5bn.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
1oranje
254 posts
Posted by 1oranje > 2018-12-02 22:36 | Report Abuse
Mind you british pound sterling 6 to the ringgit, malaysians will be wearing rags soon kekeke