Posted by david1988 > 2023-09-20 20:42 | Report Abuse

Pro: excellent quarter
Ikan bilis: loss quarter

Posted by Kevin17 > 2023-09-20 21:22 | Report Abuse

let him talk so we can collect more tickets..... all tickets are free.. you cant find any stock like this in bursa

Posted by StartOfTheBull > 2023-09-20 21:22 | Report Abuse

Per share:
Net asset 104c
Dividend in September - minus 33c
Dividend in December - minus 6c
Net asset balance after December: 65c
Hope this simple calculation is correct.

Posted by Patient Investor > 2023-09-20 21:22 | Report Abuse

Better Sales than previous qtr
50 million free cash flow
The management sounds confident and estimating continuous payout into 2024

Posted by Patient Investor > 2023-09-20 21:25 | Report Abuse

@Lyon91 You need to look at result after other income and losses. Because when the JV pay back, its added into that section.

Posted by Kevin17 > 2023-09-20 22:10 | Report Abuse

free tickets and dividend in FY2024 hahahahahaha

Posted by RISK8888 > 2023-09-20 22:18 | Report Abuse

Bad bad bad for IPO investor.

Posted by Lyon91 > 2023-09-20 22:36 | Report Abuse

@patient investor , I still learning look on the qr results

Posted by Lyon91 > 2023-09-21 07:25 | Report Abuse

https://theedgemalaysia.com/node/683298

Posted by speakup > 2023-09-21 07:37 | Report Abuse

this company share price up becoz of dividend from capital reduction, not from operations. how sustainable is this?

Posted by RISK8888 > 2023-09-21 08:08 | Report Abuse

down down down, no future, and stingy management. Cash out 2bil and only intend to pay us back 1bil. balance 1bil keep in the bank to pay their fat salary. with or without new project, the company will continue to burn money. the 1bil will only last few years. So management! pay us all 2bil and close shop, dont by time, it is proven selling 18bil properties and not earn single cent profit! bad management!

Posted by Realrich > 2023-09-21 08:11 | Report Abuse

The edge also give a good comment of company future continue to give more dividend 2024. The company comprehensive income strongly support the company sustainable you can see the NTA 1.04 vs last year 1.02 continue increase and company keep many cash flow convert to RM is a big currency income. If you read the report actually Australia market their operations is profit except for UK market is lost but UK pound is continue stronger and comprehensive income can off set the lose in UK market

Posted by RISK8888 > 2023-09-21 08:36 | Report Abuse

they have taken 2.88bil during IPO, now give back 792mil+144mil. balance 1bil keep for operation. taken 2.88 and now balance left 2bil, 880mil missing after selling 18bil houses. is a confirm negative margin by selling the 18bil properties. oh my god, if u give them another 5 years, the 1bil will also burn to zero!

Posted by Plantermen > 2023-09-21 08:38 | Report Abuse

Realistically our MYR has weakened significantly against the pound. Indirectly benefiting developers who built and sell their completed projects in UK. The pound was at 5.20- 5.23 {Sept 2019}, 5.30 - 5.33 {Sept 2020} vs current rate 5.79-5.80 against our MYR. On a back to back basis a FX gain of between 9% - 10%. Not a buy call. Please do your own research

Posted by Realrich > 2023-09-21 08:38 | Report Abuse

Don't talk during Ipo now we hold the cheap ticket if you want to talk Ipo I only can say the company cash during Ipo vs now the RM currency is drop a lot so we can see how strong pound can made currency income now

Posted by Realrich > 2023-09-21 08:39 | Report Abuse

Company capital IPO exchange rate vs now RM is weak and pound is strong very simple you buy pound during IPO sale the pound today how much you can earn exchange income

Posted by Jonathan Keung > 2023-09-21 08:44 | Report Abuse

Agreed. Used IPO proceeds to buy the UK land when the pound is low. Sell the properties upon completion when the pound is strong. Good timing and business sense

Posted by Jonathan Keung > 2023-09-21 08:49 | Report Abuse

What"s important Management paying the excess cash reserve back to shareholders. 33 sen on 29th Sept plus another 6 or 8 sen coming at end December

Posted by Realrich > 2023-09-21 08:55 | Report Abuse

This company share price will go to 50cents and declare more dividend at Dec last company will base on share price to declare more if you remember last time share price is 70cents so company declare 33cents instead of their early announcement

Posted by Realrich > 2023-09-21 08:58 | Report Abuse

Last time announcement 300m but final pay is 800m

Posted by willee2 > 2023-09-21 09:28 | Report Abuse

0.38 got someone blocking. foresees will drop first b4 going up higher next few days or week. let it rest first

Posted by Realrich > 2023-09-21 09:30 | Report Abuse

Today still strong yesterday banker chi6 is a lot

Posted by RISK8888 > 2023-09-21 09:32 | Report Abuse

I'm pointing at IPO because i want you all to see how bad is the management running the business, sell 18bil properties not make money. imagine if you invest today 0.37, and end up left 0.03 after 5 years, not worth it at all.

Posted by warchest > 2023-09-21 09:44 | Report Abuse

How can it worth less. With the current cash level after repayment of all borrowings (now is debt free) & reservation for working capital, it still have RM1.1b of unsold units or their effective portion of RM800m that can be distributed as a dividend for 2024

Posted by Realrich > 2023-09-21 09:46 | Report Abuse

So you know how strong this company earning the exchange gain every quarter

Posted by warchest > 2023-09-21 09:48 | Report Abuse

U buy now at 37cents. They pay u 6 cents and in 2024 they can pay you another RM800 m (33 cents) from the unsold units. What it indicates to you. You get free shares but still got a property development business in the UK and AUS

Posted by Realrich > 2023-09-21 09:50 | Report Abuse

Yes this company is worth at least 50 to 70 cents right now

Posted by Realrich > 2023-09-21 09:51 | Report Abuse

NTA continue increase because the currency gain

Posted by warchest > 2023-09-21 09:51 | Report Abuse

Like it or not. If market turns conducive in 2024 you can expect more from this Company. Remember life is a box of chocolates, you will not know what you are getting into

Posted by warchest > 2023-09-21 09:52 | Report Abuse

But for sure, you will get good things ...

Posted by warchest > 2023-09-21 09:54 | Report Abuse

This is a calculative risk. U know what's the value in this Company

Posted by Realrich > 2023-09-21 09:56 | Report Abuse

Another 33cents distribute in 2924 if you buy share now actually you are getting free of share and continue earn the comprehensive income every quarter and NTA more and more

Posted by Plantermen > 2023-09-21 10:05 | Report Abuse

In business nothing is cast in stone. Please share what you know. Share with facts and logic { income, P&L statement, projected distribution or management guidance. Not keep harping on the negatively or badmouth without the facts. Good or bad let us digest the figs. Afterall all of us are the minorities holding the shares

Posted by RISK8888 > 2023-09-21 10:14 | Report Abuse

base on my calculation, buy now 0.37. max get back 0.20(500mil) dividend. next year after sell all 800mil remaining unit will get 800mil cash, then minus dividend 500mil left 300mil for future operation. continue sell new launch remaining 300mil all burn and left zero. 0.37 - 0.20 dividend = cost is 0.17 but end up 0.00.

Posted by RISK8888 > 2023-09-21 10:46 | Report Abuse

we need to get the situation clear, at 31/7/23 ewint cash balance is 800mil and all been use up to pay dividend end Sep (792mil). as at 31/8/23 the remaining unit available for sales left 1.1bil (800mil is ewint share). meaning subsequent dividend rely on selling these remaining 1.1bil units. For ewint 800mil max return selling these units. So i assume out of this 800mil, 500mil for dividend and 300mil for future project. tell me my breakdown got anything missing?

Posted by RISK8888 > 2023-09-21 11:14 | Report Abuse

see, 800mil can be lessor, oh my god. the company really bad. act like very generous but actually very bad management.

Posted by soon9913 > 2023-09-21 11:16 | Report Abuse

Dec will get another 6 cents, if next year declare 10cents also very good jor

Posted by Jonathan Keung > 2023-09-21 11:28 | Report Abuse

So funny guy. If you are not happy, don't hold the share. Just sell off why continue to cried wolf.

Posted by warchest > 2023-09-21 11:57 | Report Abuse

You cannot use this basis to calculate. In reality they are not selling their assets, repay all the liabilities & excess to distribute to the shareholders

Posted by warchest > 2023-09-21 12:01 | Report Abuse

U must remember the capital allocation concept. They can be many listed companies. No projects also keep the cash for many years, even a decade long

Posted by warchest > 2023-09-21 12:02 | Report Abuse

Rather than keeping the cash idle & earn 3-4% interest, they instead distribute to the shareholders

Posted by warchest > 2023-09-21 12:03 | Report Abuse

Which I reckon is highly beneficial for the shareholders

Posted by warchest > 2023-09-21 12:12 | Report Abuse

Amount of RM800m of cash by 2024 is the bare minimum. Bear in mind amount owing by JVs are more than RM1.2b. Aside from their effective interest of unsold units of RM800m, the JVs also have cash in their books. They also have land held for development

Posted by RISK8888 > 2023-09-21 12:35 | Report Abuse

they are just trying to hide their bad by doing generous repayment. Many just don’t see. Nothing left with the company after clearing the 1.1bil stock. What remain is the so call landbank which they are not good in getting return from it. Better just sell off the land rather than develop it with negative margin.

Posted by Plantermen > 2023-09-21 13:00 | Report Abuse

Just an interesting business proposal. EWI list part of their Australia and London unit with their local partners on the London & Sydney bourse. ECOWORLD inject PART of their Singapore LAND bank into EWI.. EWI international with listing on London, Sydney & Singapore. Good idea with cross holdings and a value creation proposition. Friends just my own take and idea

Posted by Jonathan Keung > 2023-09-21 13:45 | Report Abuse

Good .just buy & keep. 38 sen { less 6 or 8 final dividend } holding cost 30 sen with more coming

Posted by Kevin17 > 2023-09-21 14:08 | Report Abuse

'develop it with negative margin'. mark his words guys. no wonder he lose money like shit

Posted by Kevin17 > 2023-09-21 14:09 | Report Abuse

talk too much and all eyes on share price without strategy is typical what retail investor will do hahaha

Posted by Kevin17 > 2023-09-21 14:11 | Report Abuse

Need to stop investing and based on his talking style definitely is employeee hahaha. save up your money bro

Posted by Abba84 > 2023-09-21 17:10 | Report Abuse

R888 jus X stop bashing ewint.i jus felt pity 4 him if, is true he had bought at Ipo pric or he cud b lying by the teeths!