Hope assets disposing is successful soon. They have no choice. was told that the banks are pressuring them for repayment before they chop off the loans. My boss also is chasing very hard for payments. One of the biz unit is owing him a high sum with no repayment. My boss has stopped doing biz with this biz unit. Brand name of this biz unit is tarnished badly, We heard they keep on changing vendors. My boss say if still no payment, will have to take legal mode.
RM440m TOD Bandar Springhill? Sure? What happen to last year announcement on baker&cook in midvalley? it is free to simply make announcement. Empty vessel make the most noise. If really want to turnaround the company, those long under performing heads of businesses and directors should be sacked and replaced. They are parasitizing the company, leaching on the given remuneration package. Their job is to just give excuses to the top management for the management to give shareholders.
How and where the money (from the disposal) is used may have an impact on the share price after the dividend X date. And what is replacing the profit gap after disposing a profit making biz unit(i.e. Corus Hyde Park) may also have an impact on the share price after X date as there is only a few profit making biz unit in the group.
12cent? Whole net sales proceed? Possible? As commented by someone earlier this thread that Corus Hyde Park is carrying around RM450mil bank loan, can declare all the sales proceeds without settling the bank loan since the asset already sold off? Possible?
multi530: after u re check the financial statements, what did u manage to find out? Did u read Note 22 of the Annual Report that was uploaded in Bursa? Note 22 says as at 30 June 2018, it has bank loan of RM848mil? How about now after 9 months when Ringgit has depreciated a fair bit, so the RM848mil could very well become more than RM900mil now? (Corus Hyde Park bank loan should be in Pound). how about other overdue non-bank owings? In the Q3 result announcements to Bursa, it stated that 9 months total finance cost is RM33.65mil? (1 month is around RM3.8mil? to RM4mil?). The finance cost is very high if compare with its gross profit(it is almost 29% of gross profit). Corus hyde park bank loan(RM450mil?) must settled if it is sold? so not sure how much sales proceeds from the disposal for reduce the bank loan and declare special dividend? And also sell another 2 or 3 high value assets to cover?
Don't miss the chance to made a profit. The MUIIND share price will jump to 30sen today or next Monday. It is going to make a special dividend 10sen-15sen after the London Corus Hotel deal is done.
Mui is not a buy if you look from a business perspective... but you cannot ignore the value of the assets it owned... some good examples like SPB, Daiman, Weida, MWE, GBH, Tstore, Tmakmur, Kulim, Hwang which been taken private are bcoz their owner know the value of the company much better than us.... MUI is a cigarette butt investment.... some of you may not agree or appreciate this investment principle... but some people did make money by looking and investing in cigarette butt investment. There are lots of method to make money in stock market, yours may not suit me and mine may not suit you but does not means we are wrong...
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....
k3nthiew
518 posts
Posted by k3nthiew > 2019-06-03 12:13 | Report Abuse
Buyer accumulating form a strong support despite heavy selling...