number of shares 5.9 billion @ 20 sen......$ 1.2 billion MC
borrowings $ 10.4 billion
cash $ 1.2 billion
net borrowings $ 9.2 billion
Enterprise value $ 10.4 billion ( 1.2+ 9.2)
Net cashflow generated from operating activities
2018 $ 1 billion on revenue of $ 2.4 billion
2017 $ 600 million on revenue of $ 2.4 billion
With $ 7 billion of its borrowings due by May, and must be restructured/ refinanced, the pressue is on the Company to deliver. Reported today that Company is close to getting a US$ 500 million loan. Previouslly reported that bankers are giving a cold shoulder to the request.
Previously, CIMB target revised from X0 sen to 70 sen back to 30 sen on assessment of deal or no deal and bankruptcy risk.
worth a punt?
I think it is worth a punt, can trade on the following basis.........
- technical.............technical looks good and can break out, not over extended after some corrections .previously
-CIMB original tp of 70 ( later revised down ).......probably had some basis and calculations subject to bankruptcy risk and non approval by bankers.
- positive sentiments and right theme........at least better than Sapura in risk - reward ratio for speculators/ traders......
Investible?
Investments is participating in the growth of companies at a reasonable and not excessive valuation.
I would not say this is investible........more work needs to be done..........but worth a punt.
Chart | Stock Name | Last | Change | Volume |
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Created by qqq3 | Sep 25, 2019
Created by qqq3 | Sep 23, 2019
Created by qqq3 | Sep 18, 2019
speculation not just taruk.......speculation is probability and placing a bet when odds in your favor.
2019-04-24 16:16
y Icon8888 > Apr 24, 2019 4:16 PM | Report Abuse
3iii said don't touch at 18 Sen
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really meh?
Success can or cannot?
2019-04-24 16:18
d by Icon8888 > Apr 24, 2019 4:22 PM | Report Abuse
Ask warren buffett
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Bufalo man don't know where is Malaysia...........
2019-04-25 09:55
2 nd quarter...
PBT $ 100 m
add depreciation $ $ 200 m
PBT plus depreciation is $ 300 million operating cashflows for 2 nd quarter....X 4 is $ 1.2 billion a years with possibility of better performance from recovery in OMS and Kraken...............
2019-09-01 11:08
for genuine investors, which is better? armada or yinson?
I leave it to you.....but note fund managers favor Yinson, retail favor Armada......
long term funds has mostly left Armada...but if they return to Armada then jap bo liau....
2019-09-01 11:28
Finally u talk sense loh...!!
Posted by qqq3 > Sep 1, 2019 11:28 AM | Report Abuse
for genuine investors, which is better? armada or yinson?
I leave it to you.....but note fund managers favor Yinson, retail favor Armada......
long term funds has mostly left Armada...but if they return to Armada then jap bo liau....
2019-09-01 14:36
qqq3
Armada.....one month money....> 30 sen on refinancing obtained.......that is 50% return ...a good bet.
2019-03-27 11:19