We refer to the article in the New Straits Times on 5 June 2018 entitled “Ananda Krishnan mulls privatising Astro”.
The Board of ASTRO wishes to clarify that as far as the Company is aware, after due enquiry, it has not received confirmation of any privatisation proposal.
A review of monopolies, including Padiberas Nasional Bhd (Bernas) and Astro Malaysia Holdings Bhd, was promised by Pakatan Harapan in its election manifesto as a way of reducing the pressure on burdensome price increases.
"The monopolies enjoyed by Bernas in rice production and distribution, Astro in broadcasting, and others will be re-examined thoroughly.
When every QR report came out,we can seen the revenue n earning are down.So the price for this counter are down from RM3 to RM1.3 low.Lovely I was bought low(RM1.33) n sell high(RM1.83)×100k unit.But I don't q buy second round because this counter have many issues like monopoly*(government checking) n competition from net broadcast provider like Netflix. And the private for this counter r less possible because the big boss was lossing many money in the India.Sorry for my poor english.Hope all have a nice night.
aiyo ... news after news, after pumped up. lower profit and revenue quarter, lower dividend, coming monopoly review and then privatisation rumour blurly clarified.
Astro Malaysia Holdings Bhd’s net profit slipped 10.77% to RM174.73 million in the first quarter ended April 30, 2018 from RM195.82 million in the year prior owing to higher net finance costs.
Revenue for the quarter slipped 1.14% to RM1.31 billion against RM1.33 billion in the corresponding period last year.
The group declared a first interim single-tier dividend of 2.5 sen for the financial year ending Jan 31, 2019, payable on July 6.
Touching on news reports the company could be taken private by its controlling shareholder tycoon Ananda Krishnan, Astro said in a separate statement that it had not received confirmation of any privatisation proposal.
First sign of company not doing very well way forward is dividend cut, usually when a company cut is dividend, 90% they are anticipating a weaker quarters ahead.
All news r came out n confirm.It times to taking profit.I have done yesterday.PE will going up year to year.And dividend will going down q by q.We can wait n see this counter will go to north or south trend for long term.But I think the foreign fund going as soon as from 3.0 to 1.3.Because they was study the trend for this sector industry as less hope,what called 'sunset' industry.I want to say one more time 'Money have four legs'.We must take care to protect our capital.
05-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 767,900 shares on 30-May-2018. 04-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 1,200,000 shares on 25-May-2018.
What a huge profit for those who spread the false news! from 1.3+ to 1.8+ within a few days. Today, the share price will drop? :)
The Board of ASTRO wishes to clarify that as far as the Company is aware, after due enquiry, it has not received confirmation of any privatisation proposal.
This announcement is dated 6 June 2018.
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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....
Dartmaster
1,029 posts
Posted by Dartmaster > 2018-06-06 13:56 | Report Abuse
nothing new also personal data sales rampant even in maxis umbile digi