At 20 cents, with a property development business that built for the last 7 years with good reputation in the UK and AUS, is it even worth something? This is a soup of thought. Fyi, I already accumulating some shares at 29-30 cents, which I think it is a justifiable risk
capital reduction of 1.5bil, after minus acc losses 200mil, left 1.3bil for capital repayment exercise less 800mil already done, balance max to pay back only 500mil (translate into 21sens per share).
warchest, if 2nd tranch payout 20cents, the share price will become 0.10 after ex-date. by then market cap only left 240mil, 30%minority holding only cost 72mil. Do you think major holder will take this opportunity to privatise ewint?
warchest I will collect tickets after 2nd dividend this year. Collect when people panic sell and make noise. but seems like LKS support the pricing at 0.30
Yes & no. Privatisation or not is still good for the shareholders. Yes capital reduction, we can distribute RM1.3b as a dividend after deducting the accumulated losses. But it doesn't mean they cannot distribute more dividends provided they are still on a going concern basis. 10 cents, 20 cents & more are still possible. If you assumed a blue sky scenario, the shareholders can recoup back RM1.20 worth of value
By the way, I'm an early investor of the Company and was at deep loss at one point of time. Every year, I attended the AGM, raised many questions in the AGM and even wrote articles. However, after many rounds of averaging my price is about 45 cents. But after the receipt of dividend of 33 cents end of the month, plus 6 cents dividends previously my average price is around 6 cents
Of course under a blue sky scenario of privatisation as quoted by RISK8888, say the next dividend payment is 10 cents. Hence, the adjusted NTA is 57 cents. If it can be privatised at 57 cents, I'm very happy too
Think yourself the quarter result announcement soon why they ask you to sell but they are not sell themselves? Because they are waiting to get your cheap ticket
In business nothing is cast in stone. But next week 330 sen special interim dividend per share is forthcoming { to be credited on 29 September} the final dividend to be announced at the end of FY calender . Quantum of the payout will be closely watch. Keep our fingers cross for more positive upside and news announcement. Afterall the backers of ECW are not green horns
EWI now at 33 sen not the IPO offer price 1.20. Who knows another buy out by the management or related parties Just guessing what other possibilities and looking at Ecowold vs EWI
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....
RISK8888
2,232 posts
Posted by RISK8888 > 2023-09-14 09:07 | Report Abuse
In the past not making money, coming future no new launch project. How do expect share price will move. The remaining good one is privatisation.