shpg22, if you are following the taliwork story for the last few years you will know that it should be receiving payments soon for debts due to them by splash to the tune of several hundred millions ringgits, so tell me how this will worsen its fcf.
i am keen to know the outcome because the issues also surround the matter of the payment of the debts owed by splash to Tali and also of the operating and maintenance agreements and the price of the services going forward, thus impacting upon the future profitability and cash flows of Tali.
Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of Perangsang Selangor, save for the Interested Directors, wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.
Following the above, SPLASH Holdings, being a 30% associated company of Perangsang Selangor, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.
This announcement is dated 24 April 2019.
Money received by Splash- 1.9 billion as for taliwork share of 30% is 570Million.
The focus will be by coming Q result (end of May)and the amount of the dividend. If the dividend is more than 1.5 cents (previously is 1.2 cents) then the share price will go up more than RM1 . The 2019 dividend projection from Affin Hwang Investment Bank is 7.2 cents which is 1.8 cents
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....
Jaya
1,585 posts
Posted by Jaya > 2019-04-04 05:33 | Report Abuse
Morning all