negative Free Cash Flow for this year ,not very healthy to pay higher dividend with negative cash flow. npl ratio raised to record high, business is shifting to higher risk sector.

They just launched epaper. Hopefully it can continue to increase sales.

flying to RM1 soon

Interest rate increase will be good for the company. But not good for the bond holder as price of bond will drop. And they already issued Aa1 bond to pay back their short term borrowing. It will reflect on the next financial report.

that's why he has been replaced..i don't believe there is no true freedom to speech now in hong kong... at least china won't allow them to say or disclose anything they want..

Hang on there mediac shareholder. After they issue the MTN bond on this February ,the interest expense should be dropping next quarter. Lower interest rate cost due to tax benefit and issued at AA1 bond.

wah Gusen u very good at catching good price :)

I think for them to enter into the press market of chinese is still uncertain. I don't know what's the management intention to change chief editor of Ming Pao. If Ming Pao can be Pro- Bei Jing. Then maybe there is a change for them to do media biz there. However it will cost them to lose ming pao readerships too. From biz point of view, I would rather they pro china.

I think so too. But this is stock market, price is driven by supply and demand. Only those who have patient will be rewarded at the end.

em... maybe.. as i know the Rm500 M loan they got from Maybank was unsecured loan. which mean no collateral. And they MTN bond they are issuing now is unsecured too.

Of course some very good companies can achieve high ROE with no borrowing. As their ROA is very high. But for these newspaper companies generally has low ROA.

Again if they only pay dividend without borrowing, then ROE=ROA meaning no leverage, just like asking why some people buy property with cash some buy through borrowing. If u r investor looking for higher return & can accept the risk you would seek to buy a company with high ROE .

Too much cash without being utilized in a company is not good for investor. So to increase leverage and pay out cash dividend is way to use the company source of fund efficiently . Just like ppl will borrow housing loan to fund their property. ROE will be increased significantly when net profit increase . If profit drop to negative then ROE will be dropped significantly as well. It's a double edge sword. Normally interest cost will increase due to the leverage.

Haha.. Why would he do that? It depends on how much he sells for his HK investment.i don't think he will do capital reduction in the future. Now mediac has RM 500million debt to serve. Hope they will issue their corporate bond soon and lower down the interest payment.

Haha.. Good then dividend ex-date is on next Friday

Haha... Welcome.. I think it's 10% return for u if u sell today.

What is your target price?

Maybe the Islamic fund hasn't finished selling

Haha..I checked there are already have some legal Ah Long ads at china press and nan yang classified ads.. And some ads for hiring escort & massage girls.they been doing this. But not yet seen online gambling ads.It's a good idea to capture the World Cup fever.

Haha.. I know who is selling already. Public Islamic Sector Select Fund . They have about 19 millions share of media chinese. Don't know if they have finished selling all.

But as I know maybank said there wasn't any shariah compliance fund house holding the 5090. I wonder where did the sell off come from. Shariah compliant status is set by the Security commission of Malaysia to attract Islamic investors from Arabian countries. If the share is shariah compliant which means the business of the company doesn't involve in gambling business, alcohol , Tobacco and etc not Islamic complaint biz, then those funds from Arabian countries can invest into the share. So now in this case Media Chinese is not complaint with shariah law due to its Rm500 Million loan. It's not a Islamic loan.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1483341

bursa website

Tiong added another 580k shares today.

ok. good . tmr may hit RM0.90. don't know who is selling aggressively.

Dropped to Rm0.93. Mr Tiong Kiew Chiong has bought 420k shares to show his support yesterday. I think it's time to buy more .

Yes. I agreed with u. Nan yang Siang pao has both ipad and android based versions. However the question is how good can they sell the e-newspaper? will reader buy e-newspaper? or they will just use facebook to read the news?

Amazon CEO bought over Washington post- newspaper biz. He bought bcos he wanna to turn this traditional newspaper biz into a IT media company? US traditional newspaper biz are dying.

Will people stop reading newspaper ?

Like a falling star!

For the a public listed company, if the want to be publicly listed, they need to share who is their major shareholder information , i don;t know why the DAP Chew want to say something which is not the fact. MCA don't control Mediac. It's Tiong's family as it is printed in the annual report. During the election DAP did advertise on Sin Chew to lure their supporters. If Mediac is controlled by MCA then they should do like the Star for not allowing them to advertise in the Star.

For the Star , MCA holds more than 45 % share.

em.. at least they are no the major shareholder of the company. Tiong's family is the major shareholder of Media Chinese. if u talk about Nominee, then EPF nominee is one of the major shareholder of Media Chinese, then all Malaysian who contributed EPF is also a shareholder.

http://ir.chartnexus.com/thestar/AR/AR2012.pdf
As you can see MCA is the biggest shareholder of the Star in the Report.

http://www.mediachinesegroup.com/pdf/a13-E128.pdf
Can you find their name in the Shareholder analysis report? MCA is owning the Star.

Chua & Liow are shareholders of the Star. Not media chinese.

hopefully it will pay good dividend. no more excuse to pay less dividend and mention about the RM0.41 special dividend paid last year.

hope can give more dividend this coming quarter.

haha, amresearch always positive for mediac

but still better than the star

Result out. A bit disappointed. Financial cost really hits its bottom earning.

Now the share price heading to negative direction

off exchange trading, don;t think they are selling to public. let's wait for bursa announcement to see who is the buyer

Zaman Pemimpin Sdn Bhd disposed 70,000,000 of mediac shares. But to who ?

I wonder how the execute the share buy back? Automatically execute when price drop to certain benchmark or manually key in buy back by them?

quarterly report will out on 28-8-2013. looking forward to expect good result. hv confident it will better than the star

feel sad to those who sold earlier

wah poor result share price can still rise

Luckily I didn't invest the star as the analysts recommended. Much lower profit this year.

the star declared lower dividend this time

haha. i think it will affect a bit. when billionaire started to buy at low price on certain asset, then the fund manager will follow too.