Before Rothschild’s appointment, Andrew reveals that the group had received an offer of slightly more than £200 million (RM1.07 billion) from an interested party. “We appointed Rothschild as we wanted to do a proper exercise in which we could the derive the actual market value for the asset and realise the best possible price,” he says.
The RM1.07 billion ballpark amount would help strengthen MUI’s balance sheet, given that its total borrowings, sans its cash balance, stood at RM588.95 million as at December last year.
A rough calculation shows that it could also result in a gain on disposal of more than RM800 million in MUI’s profit or loss statement, given the hotel’s net book value of RM256.47 million as at June 30 last year.
MUIIND will sell Corus Hotel Hyde Park in London for more than rm1 billion. after that the big boss will privatise PMHLDG . no point of keeping this small company listed .buy PMHLDG .
expect small dividend or none after the sale of Corus Hotel Hyde Park in London.buy PMHLDG before privatization is announced.the capital gain will be good.
Revenue dropped 9mil to 391mil compared to last year 400mil. Loss before tax for the whole year increased to 85.5mil compared to last year of 47.3mil. Loss has widen.
LONDON: The pound surged more than 1% and UK government bonds slid as Brexit negotiators moved closer toward a Brexit deal.
Sterling rose to the highest in almost five months and domestic stocks rallied after European officials said there was optimism that there could be a breakthrough by the end of the day.
Option traders are pricing in the biggest pound swings since July 2016 over the coming week on the potential for a deal being signed off by the region’s leaders at a summit starting tomorrow.
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....
thesteward
6,782 posts
Posted by thesteward > 2019-06-17 09:08 | Report Abuse
Likely break .30 by next month . Now still cheap