Let me put this thing into context. I can say that the venture into UK and AUS generally is a failure. Else this actually not only worth RM1.20 (IPO price) but probably worth RM2 at least after 7 years. All the narratives of glut in the property market in the UK & Build-to-rent somehow didn't work according to the plan. Notwithstanding this, conservatively I believe this Company can at least extract RM1 of value, including dividend payouts

Something that it needs to clarify on the Q4 2023's results:-

(i) There were impairment losses of an amount owing of RM90.9 by EcoWorld London. What was the basis for such impairment losses;

(ii) The admin and general expenses are still at elevated levels of RM10.6m per quarter vs YOY of RM9.3m despite much reduced activities. What was the reason behind this?

It is silly to incur more borrowings to finance this expansion plan

This acquisition should be scrapped. The management should re-think again of its business model. It is costly to operate a hospital without relevant expertise due to its high fixed overhead & capital expenditure & it is an impediment for its to scale up. In total RM180m needs to commit to this expansion plan

Yes, it supposed to be an asset light business model. To have a hospital set-up, it is costly to operate with gestation period of 3 to 5 years upon completion. Focus should be to build its business since it is relatively new healthcare group that was established in 2017

Useless management. The share price is going down everyday

TLKS is a property mogul & he doesn't even need to sell his stake. Is a rebalancing of portfolio & consolidation of interest by the major shareholders for upcoming corporate exercises. It's obvious

Need to reach 50 cents to regain confidence

Based on current trend, going up to 30 cents is imminent. Just need wait a bit

Previously strong support line is around 19, now 21.5. At this level to go back to 24.5 is easy. Like it or not, at least John Chew is steadfast on his decision and provide the relevant info on its VWAP

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

Which I reckon is highly beneficial for the shareholders

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

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

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

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

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

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

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

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

Last quarter NTA was RM1.02. By end of Sep, around 69 cents after distribution of 33 cents. If they distribute another 20 cents, it still has 49 cents NTA

Next tranche of dividend

Don't worry about this baby. 40 cents is easy. 10 cents is conservative but 20 cents is possible too

40 cents in the making

If what quoted by RISK8888 is true then is a win-win situation for all provided the settlement can choose by ways of cash or EcoWorld shares

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

I can't say that RISK8888 concerns are unwarranted but being patient is virtue

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

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

What can 20 cents buy you in KLCI? I can buy a reputable property developer with international presence. Good stuff

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

Say this year they declare 10 cents. Now your effective cost is 20 cents with more tranches of dividends to come

From the share price movements bigger things are coming. Stay tune

The retail investors are under the wrong impression that once they finished distributing, nothing left in the Group. Then why they want to reserve capital for its working capital purposes?

What's the risk of investing in this Company when the next dividend payout is around 10 cents & more tranches to come

Why worry about this. They are not liquidating all the assets & ceased operations. They just distributing excess cash to the shareholders

Payout of 10 cents already anticipated

Now is at 35.5. Million dollar question - What's the quantum of the next payout? If can go above 20 cents, we can see another round of uptrend to at least 50 cents

Don't buy into these silly and frenzy stories. If these people that good they already a business builder not exercise sarcasm & unwarranted comments in this forum

All want to be a vigilante. You think yourself as a character in MCU or Warner Bros? Last time these people said Air Asia X going to bankrupt. But only it has quadrupled but successfully pivoted their business model

We don't make money out of other misery. But facts underlying the conviction & proven gut feeling (via experience). Don't resist the direction of wind, make it as your advantage

Don't love the stocks, but don't put a grudge to it either. Just use it as a tool for your financial freedom

Many people forgot that the issues in the Group already reflected in its rock bottom price now. But now they have 25 years Vietnam power plant concession with option to increase its stake to 40% & LSS4. If it is 40 to 50 cents, maybe it's still risky as it still have its loss-making property investment business. But at current price, how low it can be

30 cents in the making

Still on the uptrend. Supported by the big players

Short term 80 cents of value is easily achievable. To bridge to RM1.20 not hard but it will take a bit more time for the new projects to be delivered

And they managed to be prudence on evaluating their projects; to hold back, scale back and even reduce the level of activity. Moreover, they are distributing to the shareholders for the excess cash after repayment of borrowings & allocation of sufficient working capital. This is a testament of good management

What I can say that their projects' margins were not what they expected in previously due to tough local regulations & escalation of costs due to delays during the pandemic. But they managed to deliver all the projects in the UK & AUS and is ready for the 2nd phase of growth once the housing market and construction costs are stabilised

Don't against the direction of the wind. It is heading to the north & not south

Let's break 26.5 and above 30 cents soon. Keeps the leap of faith. Nibble more, worry less