The exercise is expected to raise proceeds of RM414mil.
This is expected to go towards repayment of borrowings (RM236mil), funding the group’s existing oil palm plantation business in Indonesia (RM70mil) and its working capital (RM75mil).
Potential special div of rm0. 22 On top of that the value of the Company estimated to be rm1. 20 debt free with FCF of between 75 to 140m depending on how they invest towards growing the indo ops. Young crop which should start yielding results nx yr
company will only left lands in kalimantan. based on annual report last revaluation of such lands was in 2005. how much of nta will increase if such lands is revalued again?
In FY2017, the total planted areas of the Indonesian division remained at 8,985 hectares while the matured area increased to 8,947 hectares from 4,223 hectares in the last financial year. FFB harvested remained at minimum due to the challenges of availability of sufficient local harvesters and good road infrastructure to transport FFB to mill.
Good news for as from end this year onwards, the crop yield would be high for the next 15 yrs. Indo labour content cheaper due to devaluation of the INDR and with the estimated RM70m of the proceeds poured into the indo plantation infrastructure, the company can start to be profitable .....
what a show indeed,another limit up but cannot get at all,only directors sendiri cari makan.when wanna up 1 lot also cannot get,when wanna down how many u buy also get.all manipulation.
ini bursa really very few people play now,except bankers,uncle koon,and some crazy rich msians controlling the market.every day a few hundred companies untraded
why buying this kinda stocks cannot make millions even limit up almost twice? the answer is when trading at 0.14cts the volume is very low,so hard to buy at that time,now when high only volume so much.only the directors or insiders who hold a lot and now they sold to retailers who chase.that is how they only can make millions,ikan bilis now chasing only wanna make some fast buck how to rich like that?
apolloang why buying this kinda stocks cannot make millions even limit up almost twice? the answer is when trading at 0.14cts the volume is very low,so hard to buy at that time,now when high only volume so much.only the directors or insiders who hold a lot and now they sold to retailers who chase.that is how they only can make millions,ikan bilis now chasing only wanna make some fast buck how to rich like that? 24/09/2018 09:14
why people want to buy at limit up price? because they think it's still cheap for them. from the view of aunty uncle side, they are surprised by the huge amount of sale, 414mil++ for 150mil shares of company. they're not like us who always read the details of everything
1 example is nenek calvin,he bought and stuck in so many penny stocks.many uncle and aunties bought and stuck in penny stocks until dare not talk stocks now
this is manipulation and insider trading not real trading.if real trading is the stocks many retailers stuck will limit up not always those retailers not holding only limit up
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....
samyew1234
1,362 posts
Posted by samyew1234 > 2018-09-22 02:26 | Report Abuse
let u win lo