@Speakup....after all these years buying and selling in the share market, i finally came to know ....if that company wants to push its share, it will do it...but when that company does not want to push its shares...the shares will not move even if the company is making a profit....The conclusion is whether that company wants to push its shares or not...
on 7 Mar 2022.....reached the bottom orady at 0.050 (did some averaging here....) after that the movement has been quite stable....losses oso have decreased....lets hope for the best....
MUIB wishes to announce that its subsidiaries namely Loyal Design Sdn Bhd (“LDSB”), MUI Media Ltd (“MML”) and Megawise Sdn Bhd (“MSB”) (Collectively referred to as the “Vendors”), had on 7 March 2024 entered into a sale and purchase agreement (“SPA”) with Exsim Hospitality Holdings Sdn Bhd (the “Purchaser” or “EHHSB”)) to dispose of 612,123,222 ordinary shares in Pan Malaysia Holdings Berhad (“PMHB”) (“PMHB Shares”) representing 65.90% of the total issued share capital of PMHB (“Sale Shares”) for a total disposal consideration of RM36,727,393.32 (“Disposal Consideration”) (“Disposal”).
I calculated, this turns the asset to cash by 1.137sen /share, MUIB has net asset approximately 30sen.
A lot of non cash generating "items" should be sold.....a lot of dormant companies/subsidiaries should be closed.....this ailing giant needs a total overhaul in order to move forward.....along the way,hope it can unlock it's value to the shareholders,including the khoos.....
Plaza On Hyde Park Limited, a wholly-owned subsidiary of London Vista Hotel Limited (“LVH”), which in turn is a whollyowned subsidiary of MUI Media Ltd and which in turn is a wholly-owned subsidiary of MUIB, has on 17 June 2024 accepted a new term-loan facility of £152.5 million granted by CF Hyde Park LP (“Lender”) (“Term-Loan Facility”). The purpose of the Term-Loan Facility is for refinancing the existing term loan facility of Corus Hyde Park Hotel (“Hotel”) and to finance the renovation and refurbishment (“Redevelopment”) to an upper-scale four-star international hotel brand.
FINANCIAL EFFECTS OF THE TERM-LOAN FACILITY Earnings and earnings per share The Group’s borrowing will increase by approximately £69.1 million (equivalent to approximately RM423.7 million). At the current interest environment, the Group is expected to incur an additional interest expense of approximately £13.4 million (equivalent to approximately RM82.6 million) for the financial year ending 30 June 2025, translating into an additional loss per share of 2.56 sen. However, Tranche B of the Term-Loan Facility will be used to fund the Redevelopment of the Hotel, which is expected to contribute positively to the Group’s future earnings.
NA per share and Gearing The Term-Loan Facility is expected to reduce the NA per share for the Group from RM0.31 to RM0.29 per share and the gearing ratio is expected to increase from 0.71 time to 1.11 time for the financial year ending 30 June 2025.
Purpose of funding Amount of facility Expected Drawdown Timeframe (i) Term-Loan Facility Tranche A – To refinance existing term-loan facility including all costs associated with the repayment and the refinancing. £87.3 million June 2024
(ii) Term-Loan Facility Tranche B – To finance the Hotel’s Redevelopment. £38.0 million July 2024 to October 2025
(iii) Term-Loan Facility Tranche C – To finance cost overruns, if any. £4.5 million This is contingency to item (ii)
(iv) Term-Loan Facility Tranche D – To finance the Hotel’s working capital including interest and commitment fees other than Tranche C. £22.7 million September 2024 until the end of the term
their business confirm not good, but price in stock market doesnt always follow their business or financial result price movement more on supply and demand and see got ppl goreng or not
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....
THE ROCK
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Posted by THE ROCK > 2023-09-22 20:55 | Report Abuse
@speakup....please enlighten me....not a Johor counter...???