Loss is mainly accounting related due to interest expense appear in PnL for completed sections of the project which is previously capitalised - just an accounting related entry... previously is in balance sheet while construction is ongoing.
Trust me when I say that there are so many who do not understanding basic accounting concepts such as amortization, capitalization. Notwithstanding the RM14m interest expense recognized this quarter it would have been a decent quarter.
monetary The market price now is still way below the average costs of the major shareholders @ about 60 cents,
Have u accounted for RI subscription? Those who bought b4 GE r still in loss even after RI subscription. Those who bought right after GE (80c) just breakeven now. 20/11/2019 8:18 AM
The price has already accounted for the current RI subscription.
Tan Sri Surin bought from Tan Sri Chan in 2013, 141.4 millions shares @rm1.35 per share. He also subscribed the rights issue in 2014, 3 for 4 @rm1.08 for another 109.5 m shares.
0.60 Vs now abt rm0.42, still got abt rm0.18 to close d gap. Syndicate player got to work harder to achieve this lvl tat make many ppl happy. Can dey mik it happen?
bursatrader123 @Uptrending.... chartwise whats your comment? 20/11/2019 7:35 PM
uptrending Down Elliott Wave should have ended at ex rights price @0.30 from a high of 1.68 b4 rights issue in early 2017, lasting about 30 months. Now is the new phase of the UP Elliott Wave in its infancy. 20/11/2019 7:34 AM
rcps convertion to mother, need to pay 4 cent per share.
original unit cost b4 RI.........unit cost after RI 1.24...........................................0.60 1.10...........................................0.55 1.00...........................................0.52 0.8.............................................0.45 0.7.............................................0.42 0.6.............................................0.39
bursatrder123: don't be serious on what people commented here... most of the time carry no weight!!!! BTW, there is a DBT transaction @ 27.0 sen only, so ....???!!!
Going forward, the Group is expected to incur losses in the early years of toll operations due to the cessation of capitalisation of interest expenses for completed sections and the non-cash expenditure in respect of the amortisation of infrastructure development expenditure.
If I buy this stock b prepared to hold v long term lor. A few % short term price fluctuations just tutup mata lar. I'll keep my small stake n come back look see look see from time to time. G luck comrades!
The company made an unusual announcement and comment on the next early years' profitability a few days before the listing of the rights issue rcps and warrants.
How did the company make the projections as they lack data to make the conclusion.
On the last trading day of the PR, it was ramped up to 5 cent from the low of 1.5 cent with volume of 108.1 million, the highest volume for the 5 days, total transacted volume of PR over the (5 days trading) period was about 300 million. The mother share also surged to 35 cent from 30 cent on the same day.
Obviously some big interests are in it. They wanted the scripts, especially PR which was available in abundance.
Don't forget that there are 4 companies scrambled to buy PLUS the concessions of which has only 19 years to go, to expire in 2038.
WCE has 60 years concession. It is shorter distance from Taiping to Bukit Raja via WCE, 248 km, 83 km of which built by the Government is toll free, ONLY need to pay 165km toll, compare to 272km, full toll, via NSE (PLUS). Not only less toll is incurred, the terrain is also flat on WCE, naturally traffic would be more, especially heavy vehicles. Currently, there are about 100K heavy vehicles plying the NSE daily.
The same big interests are eyeing on the listing of the rights issue, they want the scripts, I reckon.
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....
diehardunited
256 posts
Posted by diehardunited > 2019-11-20 13:03 |
Post removed.Why?