Starbuck manager said their furnitures are very good quality and sturdy. Even their sofa and chairs can support the weight of 200kg person who sit on it. FFHB is definitely a good company. It is a BUY!!!!!!!!! TP Rm 2 before Merdeka.......
I suspect due to the issuance of redeemable convertible preference shares, the XXXXX shareholder is pressing down the share price hence lower down the conversion price.....
From 2016 Jun report: The IFO division had a record year in 2015 and it will not be able to match that turnover in the current year as the number of lumpy projects available in the market has contracted.
The acquisition of their family business in construction is of total no benefit to us. They pay the price to their family, at the same time issue some loan stock, dilute your exposure to existing holdings , while throwing you maybe not so good biz on construction since now property slowdown....
You get dilution, at the same time a not so sure business. They get higher exposure, and cash 6mil upfront. Also loan stock gives them higher fixed income return compared to div. I think div going to be sucks near future
Plan to acquire 60% stake in the construction biz approved by shareholders... profit guarantee of 7m of each year for the next 3 years.... the acquisation will be settled via cash and issuance of convertible preference shares... no dilution at this moment... is a good development for FFHB...
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Posted by moniekj > 2016-04-27 22:41 | Report Abuse
See got 4th time lucky or not..