its ok you dont like kpower. but why everyday come here to spaming bad news and skip all the good ones? Then if i dont like you, should i everyday pray so that you acident?
KUALA LUMPUR: Dolomite Corp Bhd has been classified as an affected listed issuer under Practice Note 17 (PN17) after it was unable to pay its debts as its liabilities have far exceeded its assets.
As of Dec 31, 2020, the investment company, which is the parent of 14 subsidiaries, has net liabilities of RM59.57mil.
great pp pricing at 0.68, almost the same as current market price, little to no discount.
proceeds will be used to fund the close to RM1bn future revenue hydropower and solar plants which will definitely more than offset the EPS dilution. this is very different from pp to pay down debt, for example, which generates no operating profit other than small interest savings.
just look at similar pp by other companies recently - e.g. MYEG. share price was RM1.9x and pp set at RM1.8x, share price shot up to more than RM2++ after a few days of pp announcement. reason? proceeds are used to fund growth projects (foreign worker hostel, new healthcare business etc.).
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....
roger3210
554 posts
Posted by roger3210 > 2021-09-27 19:16 |
Post removed.Why?