My initial plan is to ride the short term gain, so 35% profit in 1 month is good enough for me..as for long term holders I believe u will gain a lot from this counter too
every share holders waited until today that they announce it. see how the reactions on KpS n gamuda on monday...i think taliwrks will follow the movements of KPS as it use to.
If the Splash takeover is completed, then the receivable of 635 mil (about RM0.52) will get an answer soon.. This is one of the main catalyst for Taliworks...
Why do some buy WB, when ex px is higher at 1.70 compared to Call Warrant at 0.95. Premium of call warrant is around 5% compared to Company warrant premium of 45 % !! No doubt CW going to expire just about 1 month earlier only, but it is less costly !! Time frame difference btwn the two , only around 1 month !!
"He said Air Selangor will make an upfront payment of RM1.9 billion while the remaining RM650 million will be paid over nine years." "He added the takeover will also solve the outstanding debts borne by Syabas to Splash amounting to RM4.7 billion till June 30."
Wai Yoong, This is an old news..The amount receivable owed by Splash at present is at least RM638 mil ( RM0.52 per share). This is the main catalyst for Taliwork and i think re-rating is on the way....
@WaiYoong, the rm2.55b selling price is paid to the owners of Splash, nothing to do with creditors; creditors like Tali must get the money back from Splash whose new owner now is the govt of Selangor. Since the Selangor govt is not likely to go bankrupt, tali is assured of getting the receivables back altho it will take some time.
Benefit to Tali is that new work done for Splash should now be paid in full, and Tali doesn't hv to make bad debts provision for its billings to Splash, and provisions made previously can now be written back as income. So in the immediate and medium term, Tali's profits will rise and cash flows will improve.
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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....
boon1515
422 posts
Posted by boon1515 > 2018-08-03 09:05 | Report Abuse
pending announcement