Posted by Johnt299 > 2021-12-16 19:20 | Report Abuse

provide for a £3.6m (approx. RM20.2 million) impairment of
inventories based on current net selling prices (after taking into consideration the additional
incentives mentioned above);

Posted by Johnt299 > 2021-12-16 19:26 | Report Abuse

Despite the accounting loss recorded by the JV, substantial cash was generated from the sale of completed units enabling RM299 million dividends to be paid to EcoWorld International in FY2021........hosehhhhhhh

Posted by Johnt299 > 2021-12-16 20:04 | Report Abuse

As at Nov 30, one month into FY2022, we have already secured RM116mil sales .....means ask me wait for next QR lor

Posted by Newbieinshare > 2021-12-16 20:13 | Report Abuse

Johnt299.... join me at ecowld la. Ecowld perform much better and got dividend somemore

Posted by turbo8672 > 2021-12-16 21:26 | Report Abuse

The Group still has an effective future revenue of RM1.2 billion, of which a majority portion is
expected to be realized in FY2022. Johnt299 let's us wait together haha

Posted by Kang Yao > 2021-12-17 09:27 | Report Abuse

Johnt299 here's the news about the 1600 units
https://www.mylondon.news/news/east-london-news/fresh-pictures-reveal-what-new-22191865

Posted by Johnt299 > 2021-12-17 09:27 | Report Abuse

turbo8672......dun wan to wait this counter anymore....rubbish...hahaha

Posted by Johnt299 > 2021-12-17 09:34 | Report Abuse

Here’s a list of issues in Embassy Gardens project:
1-Darren Johnson the manager is not a nice person he is arrogant, ignorant and causes drama all around the development by fighting people instead of helping the residents.
2- when you raise matters with ballymore they don’t care, no one takes responsibility in this place
3- some local residents are fed up with bad quality of the apartments and high rents

Posted by Kang Yao > 2021-12-17 10:11 | Report Abuse

what's this > Write-off of £4.6m (approx. RM26.2 million) planning costs incurred mainly due to a decision to not proceed with the acquisition of the Gurnell project under the EcoWorld London portfolio;

Posted by Kang Yao > 2021-12-17 10:13 | Report Abuse

johnt299, the EG project issues has been raised in AGM two years ago, are you refering old reviews or latest review?

Posted by Johnt299 > 2021-12-17 11:38 | Report Abuse

Kang Yao, recent review....if management can clear tenant's concern then should be okay geh.....i think they sold 10-20+ units EMbassay Garden for this qr kut

Posted by Johnt299 > 2021-12-17 11:45 | Report Abuse

but overall still okay geh financial position, they clear a lot of debt and got a lot of cash....just they need to put more hardwork in their sales lor....esecially now myr weak now

Posted by looiting > 2021-12-17 13:33 | Report Abuse

Nice dividend

Posted by warchest > 2021-12-17 23:52 | Report Abuse

@Kang Yao Refer to this on Gurnell Project

"A joint venture between EcoWorld London, Ealing Council and the council’s development company Broadway Living has seen plans for the £230m redevelopment of Gurnell Leisure Centre refused. Councillors went against the planning officer's recommendation and refused plans for a new leisure centre and 599 flats at the committee on 17"

The plan was rejected by Councillors so they have no choice but to write-off the planning cost

Posted by looiting > 2021-12-19 10:57 | Report Abuse

They're just enjoying their X'mas holiday and semi-retirement in London and Australia, fully funded by shareholders. Just look at how they performed over so many years. Only traders make $ so far

Posted by looiting > 2021-12-22 10:35 | Report Abuse

Below 0.40 is certainly possible now. Starting to get my interest now

Posted by Johnt299 > 2021-12-23 11:22 | Report Abuse

it's show time after boxing day

Posted by Kang Yao > 2021-12-28 13:25 | Report Abuse

@warchest thanks for the info, sigh... such a huge sum written off

Posted by looiting > 2021-12-30 18:36 | Report Abuse

A lot of TYY followers and private members trapped here

Posted by Johnt299 > 2021-12-31 09:21 | Report Abuse

listen him sure die lor.... buy higher price and keep averaging down....good eg tg & serb....LOL
he still dare teach ppl how to do business and keep posting on fb....holan lor

Posted by KingKong_Doll > 2021-12-31 09:28 | Report Abuse

I wonder what happen to those platinum member. I guess those join early might have make million from gloves. Those late comer, sorry for them. Better luck next time. I attended his free seminar once. He is ok but maybe his way not really suited me.

Posted by Johnt299 > 2021-12-31 11:45 | Report Abuse

all blindly followers sure bought high price, need to know how toallocate fund simply because market no such perfect way to make money and to be rational....and all these guru should to take responsibility, keep ask ppl average down esepcially serb

Posted by KingKong_Doll > 2021-12-31 13:37 | Report Abuse

I listen to one of the live and they says that it is normal for the auditor firm to raise those question but all concern raise was very trivial such like PLC and P.L.C are interchangeable. I'm not an accountant but and not sure if this is really allowed but if that was on the cheque, I don't think you won't be able to deposit the cheque. Many more was discuss but it was brush off lightly. Not sure how members caught with serb but didn't they ask their member to cutloss?

Posted by looiting > 2021-12-31 13:40 | Report Abuse

Pity those got manipulated by their Guru. Just like Property Sifu, they are left holding the bags while Guru make money from membership fees and order flow trading volume

Posted by Johnt299 > 2022-01-07 07:49 | Report Abuse

get ready flying to the moon!

Posted by RISK8888 > 2022-01-07 10:27 | Report Abuse

Why?

Posted by kmchua888 > 2022-01-10 10:07 | Report Abuse

Seems to me EWI's leadership is taking too long to deliver what they have visioned for which includes the BTR plan. Disappointing...

Posted by Jonathan Keung > 2022-01-10 10:11 | Report Abuse

Looks like EWI Overseas projects have funding issue

Posted by Johnt299 > 2022-01-11 11:14 | Report Abuse

basically EWINT got cash, and project almost done and now they're clearing their debt. now they can fully 100% focus on their sales and building management.

Posted by dragonz98 > 2022-01-13 15:27 | Report Abuse

https://www.constructionenquirer.com/2022/01/13/green-light-for-330m-woking-high-rise-cluster/

Green light for £330m Woking high-rise cluster

Malaysian developer EcoWorld London has finally got the green light to build a cluster of high rise flats in Woking town centre providing over 900 homes.

The controversial Goldsworth Road development in Woking won a planning appeal after four storeys were shaved on the tallest tower lowering it to 36 storeys.

The new scheme provides 965 units along with over 14,000m² of commercial space and a new homeless shelter over five buildings.

The project has a development value of around £330m and is expected to cost around £190m to build.

EcoWorld London, which gained a swathe of sites after buying up Willmott Dixon Homes assets, will be starting on site as soon as possible, with work expected to commence towards the end of 2022.

The planning approval was given following an appeal of the initial decision in January 2021.

Posted by looiting > 2022-01-16 21:19 | Report Abuse

While others are minting money in other stocks, many are still stucked in this kinda stock

Posted by Johnt299 > 2022-01-21 08:44 | Report Abuse

flying to the moon...wu~~~~~

Posted by madib > 2022-01-31 09:47 | Report Abuse

Ha ha no hope........ gone to the drain

Posted by drkelvin20 > 2022-02-11 15:49 | Report Abuse

ecoworld going up a few times, but ewint stay stagnant at lowest low...anyone can give some rationale or prospect for this stock?

Posted by drkelvin20 > 2022-02-11 15:49 | Report Abuse

why the share prices are staying at this low for long enough?

Posted by Johnt299 > 2022-02-18 20:45 | Report Abuse

dont say i bojio.....

Posted by Johnt299 > 2022-02-21 14:49 | Report Abuse

anyone masuk?

Posted by Kang Yao > 2022-02-24 14:47 | Report Abuse

Ukrain war, where would the elite and rich flee to if not US? UK perhaps?

Posted by Johnt299 > 2022-02-24 20:58 | Report Abuse

Boss @Mr Liew please push the price up leh....

Posted by moneycome123456 > 2022-03-16 19:05 | Report Abuse

Eco World International Bhd president & CEO Datuk Teow Leong Seng

KUALA LUMPUR: Eco World International Bhd (EcoWorld International) achieved sales of RM685mil in the first quarter ended Jan 31, 2022, 68% higher than the sales recorded in the same period a year ago.

The developer also has a strong reservation pipeline of RM393mil - total sales including reserves as at Feb 28 adds up to a total of RM1.077bil.

It said Embassy Gardens and London City Island were the biggest contributors to sales, generating

RM240mil and RM229mil sales respectively based on contracts exchanged.

“EcoWorld International had a good start to FY22 as the attractive incentive packages being offered to customers led to a resurgence in buying interest, particularly for our London City Island and Embassy Gardens projects.

“Local demand in Australia has also been recovering steadily which contributed to the RM685mil sales secured in the first four months of this financial year,” president and CEO Datuk Teow Leong Seng said in the statement.

In the first quarter to Jan 31, 2022, EcoWorld International posted a net loss of RM14.66mil on revenue of RM49.24mil.

The gross and net gearing levels of the group remain low at 0.29 times and 0.21 times respectively as borrowings have been significantly pared down following the completion of major projects in London, Sydney and Melbourne, it said.

Teow said its projects in Australia are fully completed and its major projects in London under the EcoWorld-Ballymore joint venture are very close to achieving full completion.

“The impact of an inflationary environment could therefore favour us as our selling prices stand to benefit from rising property prices while our costs on the completed and near-completed projects are largely shielded from inflationary pressure,” he said.

“We do however acknowledge the uncertain market environment caused by rising geopolitical tensions – against such a backdrop the strategic decision we made at the end of 2021 to accelerate cash recoupment via the sale of our completed units, remains very sound,” Teow said.

He added that it continued to see good interest from investors, both institutional and retail, for its projects in both the UK and Australia.

“This includes several large offers which we are currently assessing. Should we decide to proceed with these offers, our plans to repatriate the capital which we have invested in our completed projects could be accelerated,” he said.

Teow said that it remained the Board’s intention to sell the remaining units in the EcoWorld-Ballymore and Australian projects in the next two to three years with a key goal of making further distributions to shareholders after setting aside a portion of the capital recouped from these completed projects to be reinvested for future growth.

Posted by Johnt299 > 2022-03-17 11:30 | Report Abuse

@moneycome123456, good or bad???

Posted by MrPatience > 2022-03-20 16:32 | Report Abuse

The border lockdown in HK and China will affect near term sales. that's all. but the sanction on Russia seems to raise a lot of unrest within the China super rich class. Few friends from China is asking me about immigrating, lets wait and see what shall happen when their cases fall.

Posted by warchest > 2022-03-22 01:11 | Report Abuse

Eco World International Berhad - Eighth Annual General Meeting ("AGM") on 24th March 2022 @ 10.30 am

Posted by MrPatience > 2022-03-25 21:42 | Report Abuse

AGM takeaway:
Target for FY22 2B sales
subsidiary and JV will bring in few hundred million cash flow this year.
Eyeing BTR and bulk purchase potential
To grow Management services for Recurring income
in Progress project not much affected by material cost spike as most are in end of completion stage
Management is actively sell leftover to get the cash back (hence the low margin in recent quarters)

In summary, the management is doing a good job, though I dont like their dividend policy over share buy back. maybe the tycoons invested prefers cash instead of share price growth.

But with share price way below NTA, and expected good cash flow, gearing ratio going down, share buy back works better for long term shareholder value.

Posted by Johnt299 > 2022-03-30 08:58 | Report Abuse

do you have video for AGM?

Posted by Johnt299 > 2022-03-30 09:28 | Report Abuse

@MrPatience....means management will buy back their share sooner?

Posted by Johnt299 > 2022-04-04 15:39 | Report Abuse

dont say i bojio **********EWINT 5283************

Posted by drkelvin20 > 2022-04-05 15:47 | Report Abuse

This counter is really disappointing... many committed at >rm1, and ended stuck here for years..the earlier the investor come in, the biggest losses ...and still no sight in the shares going back to its IPO price...

Posted by looiting > 2022-05-24 13:31 | Report Abuse

They are just enjoying their fully paid vacation and retirement job

Posted by looiting > 2022-06-15 14:09 | Report Abuse

@drkelvin20 A lot of TYY followers already kena trapped since IPO. Kesian. Meanwhile, the big boys already made big profit by playing the other side, shorting the hell out of it