wahahahahahahaahhaha every night and every day i rarely watch tv .. my wife found me behaving strangely ... always laughing ... all by myself .. i am worried my mental health getting deteriorate and she might divorce me before pmcorp reach $1.50 ... because this forums comments, characters and views very very funny! wahahahahahahaahaaaaaaahhaaa
calvin sell houses. ayamtua on the brink of chronic marital issues due to excessive laughing reading pmcorp forum daily .. the followers of pmcorp really fanatic and faithful - insane to the membranes .. must be the chocolatt effects! wahahahhahahahaha
Posted by AyamTua > Dec 7, 2013 11:14 PM | Report Abuse
wahahahahahahaahhaha every night and every day i rarely watch tv .. my wife found me behaving strangely ... always laughing ... all by myself .. i am worried my mental health getting deteriorate and she might divorce me before pmcorp reach $1.50 ... because this forums comments, characters and views very very funny! wahahahahahahaahaaaaaaahhaaa
@ifollow:wahaahhahahahaaaha >>> cik kak tu tau mana kaca dan pertama,,biaq bulu x de pon dia tetap setia,dia tau ayam bkn sebarang ayam,,tua bkn sebrg tua,penuh dgn maqrifatnya..hihi,,syg ayamtua...
Tsurukame, using your line of thinking on the Cap Reduction/Cash Payout/Consolidation of shares after Cap Reduction, let me share my calculations as follows:-
1. Assuming no more share buy-back till Cap Reduction Exercise is carried out, balance of Treasury Shares (ie, shares bought-back as at 31/12/2012) of 64,959,800 shares (cost RM 30,484,000) have to be cancelled. This would reduce the NOSO to 708,398,000, and Share Capital to RM 356,194,000 (RM 386,678,000 - RM 30,484,000). 2. Net Negative balance in Total Reserves Accounts after setting-off accumulated losses of RM603,434,000 is RM 40,939,000. 3. Therefore, Capital Loss per share = RM 40,939,000/708,398,000 = 5.78 sens. 4. Whether there is a cash payout or not, the net negative balance in total reserves accounts has to be written-off against Share Capital in an approved Share Capital Reduction Scheme. This has to be done in order to put the balance sheet of the company on a stronger footing financially. 5. A cash payout and consolidation of the share's par value are a separate issue altogether in my view. 6. In my view, the most immediate, important financial issues to be carried out are:- (a) Cancel the Treasury shares. (b) Write-off the net negative balance in the total reserves accounts against share capital in an approved Share Capital Reduction Exercise to strengthen the company's balance sheet. Because this has ramifications on other issues, like ability to pay a dividend in the near future, etc.
If a par value reduction of 10 sens per share is also carried, followed by a par value consolidation to RM1.00 per share is carried out as part of the cap reduction scheme, then the further calculations are as follows:- 1. The number of shares to be cancelled = 708,398,000 X 1/5 = 141,679,600 shares valued @ 10 sens = RM 14,167, 960. This further reduce the Share Capital to (RM315,255,000 - RM 14,167,960) RM301,087,040. 2. A cash payout of RM0.10 or total of RM14,167,960. 3. Then, (708,398,000 - 141,679,040) = 566,718,400/2.5 = 226,687,360 share would be outstanding. 4. And the per share value would be = RM301,087,040/226,687,360 = RM1.33
Calvin, Was there any detailed Cash pay-out cum capital reduction proposals which culminated into concrete resolutions that was adopted by shareholders in attendance made during the last PMC AGM? Was there a specific time mentioned for this exercise to be completed?
Re: Clarification on the Quantum of Cash Payout in the event of a par value reduction and consequent cap reduction exercise:-
Say, a 10 sen par value reduction is envisaged for a current 50 sen par value share. The cash payout applies only to the number of share reduced or cancelled. So, if a shareholder has 50,000 of the shares, he would then be re-issued with 40,000 new shares of 40 sens par value, and compensated with RM1,000 only (10,000 shares cancelled @ 10 sens). And, if the shares are then consolidated to RM1.00 par, his 40,000 shares would be replaced with 16,000 new shares of RM1.00 par value per share.
Gua tak kisah ada payout atau tak ada. Dua dua ada adv and disadvantage. The most important thing our investment is ok. Gearing is low. Cash rich company. Performance wise need to wait for incoming results. Up and down in stockmarket is normal. If lucky and smart-can make swing profit.do not play contra. Buy when it is low. Price naik gua tak kerja. Play safe mcm kondom. Bila ada paper loss gua tak blame promoter. Promoter just give info/knowledge. We make decision to buy not promoter.
Zu1967, u cakap banyak betul. V r the one who make decision not anyone else n moreover the profit v make v don't give to anybody n therefore the losses v have to bear also without blaming others.
A Very Good morning To All Faithful PM Corp Investors,
Please do 2 Things Today.
1) See Anything Interesting In All Google Adverts That Appear In All The Pages of i3 Forum. Just do your part to click and check out interesting buys or services.
2) Get Some Tudor Gold Chocolates For Yourselves & Loved Ones.
Wah zu1967 dah banyak duit ke? tak kisah ini tak kisah itu U kisah apa? cuma kisah apa lu kisah ke? Eh...lu banyak duit ke? Tak kisah payout Tak mahu payout ke? Apa ini? Apa u kisah ? lu cakap ..Most important our investment is Ok U kisah investment OK ke? syabas ramai setuju dgn pendirain lu bagaimana u tahu investment ok? U percaya 100% peratus KKP ke? Kukuman tak percaya KKP, U tahu ke? Kukuman dah "kuku terhadap KKP" ? lu juga cakap "Cash rich company" Tanya lah Kukuman..apa erti nya "Cash Rich" sabelum AGM cash rich..lepas Tanya di AGM.. Cash dah lesap Cash rich company macam "logamaya" Satu detik lu boleh lihat..kemudian lesap Ini pengalaman Kukuman, dia dah "amat kuku", tak percaya KKP apa tindakan u nak ambil jika "logamaya berlaku sekali lagi" U masih ambil pendirian i tak kisah, i tak kisah, i tak kisah amboi...kalau begitu lebih baik untuk perhatian umum i3 forum u di anugerahkan Tajuk "i tak kisah"
U cakap apa apa pun gua also tak kisah. Hu huuuu huuuuuu. Huuuuuuuuuui wish to have a lot of people mcm u kat stock market huuuuu huuuuuu. Can make more money huuuuuu huuuuuu.
Posted by: zu1967 Gua tak kisah ada payout atau tak ada. Dua dua ada adv and disadvantage. The most important thing our investment is ok. Gearing is low. Cash rich company. Performance wise need to wait for incoming results. Up and down in stockmarket is normal. If lucky and smart-can make swing profit.do not play contra. Buy when it is low. Price naik gua tak kerja. Play safe mcm kondom. Bila ada paper loss gua tak blame promoter. Promoter just give info/knowledge. We make decision to buy not promoter. 08/12/2013 08:58
Yes I like it also, with or without payout just wait after Q4,but for long term holders please note that it'll be a long lo........ong wait before the choco business can contribute significantly.
Doktor kisah i tak kisah Doktor risau kesihatan i tak kusah Doktor beri nashat makan TANGO Lepas makan TANGO, i Tak kisah Baru lah bersungguh sugguh TANGO juga Tak kisah berapa Lama TANGO TANGO lama lamaan lah
Mitras. Sound mcm lugi manyak. Hu hu hu . Pity u. Tomollow morning u q cepat beli harga 23.5 sen. Ptg esok u jual. U mesti untung punya ma. Tapi tak jual gua punya la. Gua mahu untung manyak. Hu hu hu.
Ifollow brother mitras lugi manyak tu sebab tu bahasa dia dah kelam kabut. I advised him already to buy pmcorp tomorrow morning. With fast profit he make. He can see a doctor huhhhh huuuuh huuuu
Ifollow. The laughing guy has made 19 posts so far. All huu huuu huu. 15 posts for pmcorp. Really pity him probably we should contribute our profit to him. As market close hari ini. Kita layan aje la. Killing our time. He he
Oh Oh Kukuman, Oh Oh Kukuman Kukuman u kat mana? agak nya u amat rasa kuku terhadap Tan Sri KKP sambil tak percaya sama dia.. kenapa kenapa kenapa apa erti nya "Cash Rich di PMC" sabelum AGM cash rich...lepas Tanya di AGM... Cash dah lesap Cash rich PMC macam "MIRAGE" ke? Satu detik lu boleh lihat kemudian lesap takda cash lagi Oh Oh Kukuman Oh Oh Kukuman mana u kat sekarang Sila beri penerangan terhap isu $$$$$$$$ yang lesap itu
1) Cash Pay Out Is Officially Announced. 2) PM Corp name Changed to "NETWORK FOODS INDUSTRIES" 3) Sell All Other Investments And Put All In NFI Operations. 4) Set Up New Production Lines For Expansion In Exports 5) Balance Sheet Shows A Profit Perpetually. 6) With Increasing Profits Formulate A Consistent Dividend Policy Like Apollo Foods. 7) Tudor Gold & Tango are as famous as Milo & Maggie Mee.
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....
alexanderSingapore
476 posts
Posted by alexanderSingapore > 2013-12-07 23:02 | Report Abuse
Yes Ayam Tua, hold 'TIGHT TIGHT, the LIGHT LIGHT very BRIGHT BRIGHT!!