Type Announcement Subject OTHERS Description JOHORE TIN BERHAD ("JTB") - CORPORATE GUARANTEE The Board of Directors of Johore Tin Berhad ("JTB") wishes to announce that the Company has agreed to provide a Corporate Guarantee of USD3,000,000-00 (United States Dollars: Three Million Only) in favour of AmBank (M) Berhad ("AmBank") to secure the Facility granted by AmBank to Able Dairies Sdn. Bhd., a wholly-owned subsidiary of the Company.
unless the coming quarter result very bad/cease operation,otherwise as a rational person,who will sold their position when this counter PE 8 & company very generous to distribute dividend every quarter.If you r the boss of this company will you sold your position .
Original investment in associate Able Daires Mexico costs RM 21 million for 40% stakes. Now, It costs RM 23 million to acquired additional 3.13% even before the new plant starting operation. How they arrive the figures? mind boggling.
Now the price RM1.30, 450 lot que to buy, i guess if no body willing to sell at this price,banker need to pay higher in the afternoon to collect back as tomorrow is T2,so be patient. 15/10/2019 10:05 AM
Unless you r the banker,otherwise minority dont have so much stock to sell. If they sell now,they need to consider collect back at the lower price within 2 days time.This is the advantage of T+2,no body can cheat each other. I prefer T+1 like Hong Kong SE.
according to yesterday record, RM1.29 sold off 1913lot, RM1.30 sold off 3667Lot, RM1.31 sold off 4941Lot,RM1.32 sold off 2248Lot & finally RM1.33 sold off 4778 lot, if all this short selling,banker need to buy back 17547 Lot as late by tomorrow morning to excape from margin call.
Able Dairies Mexico (Associate) is either seriously undervalued or something out of our expectation.
Original Investment in 40% Associate - RM 21 million (as shown in latest QR) Additional subscriptions 3.13% - RM 23.4 million or USD 5.59 million (Cash outflow)
Is the estimated market value of Able Dairies Mexico skyrocketed to RM 750 million ( RM 23.4/3.13%) due to surging in land prices after the trade war? Market Cap of Johotin is only RM 413 million now.
Reply to Query from Bursa 2) Basis and justification in arriving at the amount of USD5,589,427.43 for the Additional Subscription. Answer: The total cost of investment on newly incorporated company is to purchase land, construct building, purchase of machineries and equipment, which includes installation costs, water tank, piping, etc.
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Posted by LuckyG > 2019-09-12 16:27 | Report Abuse
johotin direct deal come again ...11mil shares