Affin Hwang Capital points out that market uncertainties due to Brexit concerns have delayed E&O’s plan to list its UK operation on the AIM market as potential investors are cautious on new initial public offerings.
1) We had invested into London early on before property prices rose sharply there and the Ringgit to Sterling pound average exchange rate was lower than today.
(2) Our bank borrowings are conservative with a low Loan to Value ratio.
(3) Our properties are located in prime locations that remain very much in demand with positive sales prospects.
Brexit would not have any negative impact on the total net realisable value (total value of properties less total bank borrowings) of our properties in the UK.
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Wondermama
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Posted by Wondermama > 2016-06-22 10:07 | Report Abuse
Rajuan, this is 3rd attempt to above the 1.71 for E&O and if Bremain, other stocks will take precedence.