KSK has no cash. Pertaining to the publications by some news outlets on the status of works in 8 Conlay Project, the Board of Directors of GDB wishes to make an announcement that Grand Dynamic Builders Sdn. Bhd. (“GDBSB”), a wholly-owned subsidiary of the Company had served a suspension notice to Damai City Sdn. Bhd. (“DCSB”) on 16 August 2022, which is pursuant to and within the terms stipulated in the agreement and contract. Both GDBSB and DCSB are in talks with the aim of resolving the matter amicably. The Company will make the necessary announcement upon any significant development. This announcement is dated 29 August 2022.
No suggestion yet. We only know facts. So profitable project by KSK Land after collecting phase to phase money, the cash was more than sufficient to be paid to GDB. The HQ i.e. KSK Group is the culprit sucked the cash out but unable (running out of cash) to put back the money to KSK Land.
This problem should have been a long time until GDB cannot afford to lose further and thus suspended the project. Not easy to settle. Better stay away from it as the impairment is about RM100 mil or 10 cents of GDB NTA while GDB has been able to make only RM 25-28 mil net profit a year. Other projects may also follows this 8 Conlay problem. No body know.
soon reach 30cts ... GDB is smart and profesional company even ksk never paid yet the management just cool down those push down the price to collect more share at the lowest price
yes agree with aireez as two key shareholders namely Cheah and Alex were from Putra Perdana and they are v competent builders with 30 to 40 years of experience. Very well run co.
i thought shtinv77 no more interested in this com i3 ... hahaha maybe he is not felling good last fridy gdb price up 1cts kot ... so kind to us provide another info lorr ! maybe he is miss to collect at 15cts or u target to collect more lower than that ... tt y u pretend to be good informer to us but the question is y u are waiting here with this no future company lorrr ! better go and promote ur preferable com that u invest right ! enough is enought lorrr
btw, approx 70% nosh is by big players like boss etc, then from the day dropping until today volume approx 120m, which is almost 1/3 of the remaining free float tickets
See my statement 1 week ago,press my name i talk about gdb will fall to 15 cents from 19-20 cents.whoever follow will earn 30 percent net return. Now 19 cents.possible 2-4 days up 5/9/2022 9.56pm
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....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2022-08-26 17:00 | Report Abuse
How to impair RM100m while its market value today (RM0.165) is just left with RM154.6 mil?