yea totally agree, expecting good qr next week, no one says gkent cannot bid for future mrt/hsr project as long as the price is competitive. everyone has been saying myeg not good, hsseb not good, no more mrt3, steel counter not good but i made money from all these stock, good luck trading, dont listen to others
PUTRAJAYA (June 6): The government may defer or terminate the RM55 billion East Coast Rail Link (ECRL) which is still being studied, said Prime Minister Tun Dr Mahathir Mohamad.
“We want to negotiate the terms to ensure that we don’t have to spend so much money on the ECRL, because we cannot afford it. We also found that the contract includes payment according to a specific time.
“So far, we can determine that the work done is so much less than the payments that have already been made. The project will be studied, we can either defer or terminate,” he said in a press conference after his weekly cabinet meeting.
Previously, Dr Mahathir had said the government would renegotiate the terms of the contract — which he described as strange — with various Chinese companies.
The ECRL contractor is state-owned China Communication Construction Co Ltd and the loan is from the Export and Import Bank of China (Exim).
The Edge weekly, quoting sources, had reported that the ECRL can be built for under RM40 billion but the contract was inflated to RM60 billion, and is now expected to cost as much as RM70 billion once it was signed in 2018.
Never had I bothered about erkongseng . You thnk the owners will want the co to die ... No la , without ECRL so what ? We see it up to 2 .30 at least n that's very conservative
If I am right, the current share buyback of up of 10% of the Issued Shares of the company is only valid till the next AGM on 9 July 2018. In its recent announcement yesterday, the company proposes another "Renewal of Share Buy-Back Authority of up to 10% of the Issued Shares".
The company may purchase max 20% (112 million) of the shares outstanding, and hold it as treasury shares, hence reducing the shares outstanding from 563 million to 451 million shares. This will increase the EPS of the company.
From the latest published balance sheet report, George Kent has over rm510 million cash. Assuming the company purchase all shares an average price of rm2.50, total amount spent would amount to rm280 million cash (rm2.50 x 112 million shares).
Hence the balance cash would amount to rm230 million (rm510 million - rm280 million). George Kent has ample of cash to do share buyback. I have not even include the incoming cash the company would generate this year.
"The most important is construction world will cooling down on next few years.Because pH government now are call it 'jimat' kerajaan."
Add: not only jimat kerajaan, but aslo menjaga kebajikan rakyat LEBIH daripada memperkembangkan ekonomi (GDP jika Capai 10% pun tak guna jika harga barangan sangat tinggi, kehidupan rakyat makin susah pada masa hadapan)
PUTRAJAYA: The government may defer or terminate the controversial East Coast Rail Link (ECRL) which is still being studied, said Prime Minister Tun Dr Mahathir Mohamad.
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....
120453
712 posts
Posted by 120453 > 2018-06-06 15:23 | Report Abuse
I wonder how many of you made more money in stock market than erkongseng