Dear Friends of i3 Forum (Please read to the end as we type now
IN YEAR 2015/6 WE BOUGHT JTIASA AT RM1.20 AND RSAWIT AT 60 SEN
WE SOLD ALL JTIASA FROM RM1.60 AND ABOVE BY OR BEFORE 2017
AND WE BOUGHT JTIASA AGAIN AT 63 SEN IN YEAR 2021 AND TODAY JTIASA IS RM1.08
FOR RSAWIT WE CUTLOSS AT 50 SEN
NOW SINCE RSAWIT SHARE PRICE STILL IN THE DOLDRUM WE ARE HAPPY TO BUY AGAIN AT 23 SEN
WHY LEH?
FOR THE SAME REASON JTIASA PARED DOWN ITS RM1.5 BILLIONS DEBT AND REPAIRED ITS BALANCE SHEET RSAWIT IS SHOWING US GOOD IMPROVEMENTS
LET US NOW GO SEE RSAWIT LATEST BALANCE SHEET
REFER BURSA
SUMMARY OF KEY FINANCIAL INFORMATION30 Jun 2024 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2023 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 115,597 | 121,961 | 208,941 | 226,802 |
2 | Profit/(loss) before tax | 7,430 | 2,032 | -2,131 | -17,362 |
3 | Profit/(loss) for the period | 4,015 | -411 | -7,892 | -20,847 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 4,026 | -55 | -6,100 | -17,437 |
5 | Basic earnings/(loss) per share (Subunit) | 0.20 | 0.00 | -0.30 | -0.85 |
6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.1700 | 0.1800 |
YOY FROM LOSS OF RM411,000 TO A PROFIT OF RM4.015 MILLIONS
NOW GO SEE INSIDE THE FIGURES
Cash and bank balances
RM 72,717,000 (2024)
RM 2,658,000 (2023)
A VERY NICE IMPROVEMENT IN CASH POSITION
FROM 7 DIGIT TO 8 DIGIT CASH
NON-CURRENT LIABILITIES
Borrowings
RM 159,820,000 (2024)
RM 150,376,000 (2023)
NON CURRENT LOAN UP ABOUT RM9+ MILLIONS
- other borrowings
RM150,411,000 (2024)
RM 189,729,000 (2023)
OTHER LOANS IMPROVED
FROM RM189.7 MILLIONS
TO ONLY RM150.4 MILLIONS
FROM HERE WE SEE VAST IMPROVEMENMENTS IN THE BALANCE SHEET
TOTAL LOANS HAVE SHRUNK JUST BY NORMAL OPERATING PROFITS
NOW LET US LOOK FORWARD TO COMING QTR
SEE OUR EALIER POST
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
AND MORE!
RSAWIT HAS DISPOSED TWO PALM OIL ESTATES
IT WILL RECEIVE RM165 MILLIONS TO FURTHER PARE DOWN BORROWINGS PLUS REGISTER A NICE PROFIT OF RM77 MILLIONS FROM ASSET SOLD
AND THAT WILL BE A PROFIT OF 3.77 SEN
ABOVE 16 MARCH 2024 OUR ANTICIPATION
SEE THE FULFILLMENT
RM90 MILLIONS PLUS RM75 MILLIONS = RM165 MILLIONS CASH RECEIVED (NOT IOU OR RECEIVABLES )
announce that the Disposals have been completed today
This announcement is dated 9 July 2024.
SINCE ABOVE CASH ONLY IN BY MONTH OF JULY
IT WILL BE REPORTED AS JULY TO SEPT QTR OF 2024
AND DATE OF RESULTS WILL BE IN NOVEMBER 2024
SO BY NOV 2024
WILL BE A PROFIT OF 3.77 SEN
AS CASH IS RM165 MILLIONS
1. Partial repayment of interest bearing borrowings
RM86,106,000 (REFER BURSA)
RM86 MILLIONS WILL BE USED TO PARE DOWN LOANS
BY THEN TOTAL DEBT WILL SHRUNK TO BELOW RM200 MILLIONS
AND WITH INCREASING EFFORT TO BOOST YIELD IT IS ONLY A MATTER OF TIME RSAWIT,TOO, WILL FOLLOW BOTH JTIASA AND TSH RESOURCES TO BE A NET CASH POSITIVE COMPANY
AS SUCH SINCE JTIASA SHARE PRICE RECOVERED FROM 63 SEN TO RM1.08
RSAWIT NOW STILL A GOOD BARGAIN WILL ALSO RECOVER IN VALUE AND PRICES
WITH KIND REGARDS
Calvin Tan
Please buy/sell after doing your own due diligence or consult Your remisier/fund manager
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
calvintaneng
RSAWIT FOLLOWS JTIASA REPAIRING BALANCE SHEET ONE STEP OR ONE QUARTER AT A TIME
2 hours ago