In addition to our announcements reference number GA1-30112020-00121 and GA1-02122020-00071 yesterday, the Company wish to clarify that we have yet to receive the letter from Minister of Finance Inc.
The Company will make the necessary announcement in a timely manner to Bursa Malaysia Securities Berhad upon receiving the letter.
I mention you all one thing, Ranhill is profitable company although without Indah Water, is fine for. RANHILL investors in long run. Plus ,if Ranhill really take over IW, , in future have to its debt.
Rem KPS this counter, KPS denied that company will take privatize , see today KPS share price is over RM1.00+.
The Ministry of Finance (MoF) has denied that it invited Ranhill Utilities Bhd to undertake due diligence activities on Indah Water Konsortium Sdn Bhd (IWK) in relation to the proposed disposal of MoF Inc’s interest in IWK.
Ranhill will make profit from improving the operation of IWK through it experience and expertise. In addition Ranhill will reap the benefit from the economy of scale. Based on its existing business without IWK, the company is fairly undervalued. IWK will be an excellent bonus though.
1. The company found that their company share undervalued, so they buy back. For the stock that they bought back and reserved, they can use it as a few ways:
a. Share bonus to existing loyal shareholder, like few months back, many of us in this group got the special share bonus from Ranhill
b. Resale the share when the price going up and make some gain or profit, like Serbadk, 4/12 (yesterday) just resale their (share buyback for last 6 months) share in the open market
c. Reserve enough of share and prepare for dual listing in other market (like SGX that they are currently exploring)
d. Cancel the treasury share, and make the EPS increase to benefit the loyal shareholder
e. etc
Many company will share buyback when their company share undervalued, which the company itself know their value or maybe future growth with new projects in or etc compare to us.
low PE have many reasons, eg someone purposely pressed down and collect? investors have no confidence on the company prospect? net profit dropping due to covid (subsidy b40 and etc)? and many more. but it is depends on you as an investor, ur homework. is it undervalued? or not. sometimes when come to evaluate a company, the company future not must be have a high future growth, but if a company drop till very undervalued, even the business future normal, it will also have opportunity for and investor to earn from it, when it back to normal. very depend on investor homework and direction. no right or wrong answer. good investing.
at 9.20am, if you can see from the volume que, someone put big volume at 0.86 blocking (3037 lots) follow by 0.865 (403 lots), follow by 0.87 (327 lots). So desperate need to sell at 0.86? 0.865 no one que to sell? or 0.87? or someone blocking and want to accumulate at lower price, dun let the price go up 1st? or? think about that
11.56am got transaction buy in with amount 168k. Player starting moving in already? Please wait a while. I'm waiting my salary payout for accumulation. Can wait me bo?
Ranhill Utilities Bhd said the National Water Services Commission has renewed the group's licence to treat and supply treated water to consumers in Johor for the next three years.
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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....
Eurus1973
617 posts
Posted by Eurus1973 > 2020-12-03 00:18 | Report Abuse
Go go go, Indah Water project otw