brought pre open 2.79 this morning :)

run!

sold 2.87, no power, thanks genm,

good boy

oh, come on, credit suise, don't short again

alamak, credit suise come back spoil the mode

bingo! maybe hit jackpot

here we go

brought 500 lots 2.77 test water :)

got the news, QR result better than last 2017 Q3 result.

confirm chop chop

today after 6pm

yes, correct, more bad news to come

tips:

remember, month end, yes, tomorrow month end, lots of fund manager need to close their position, they will just sell or clear anything that the stock with huge uncertainty / bad news.

good to see 2.8 big ticket, will drop to there

eating popcorn enjoy the show, the day is still young, drop further :)

is not about themepark earn least money, is about they burn USD750 million (RM 3 billion) on that themepark. each year genx only earn around RM 1 billion. don't you see the picture?

nicely done :) please drop more

normally after declare dividend, share will drop

the big shark is credit suisse

public bank TP 2.7 play safe, i would buy genm below 2.7 :)

just read thru the complaint filed case:
https://www.courthousenews.com/wp-content/uploads/2018/11/Berhad.v.Fox_.Disney_complaint.11.26.pdf

summary:
1. of course the filed favourite plaintiff (genx)
2. the MOA state clearly "how" to terminate the agreement from each party
3. Fxx / disxxx has the right to issue "notice of default" if Genx can not meet key milestones.

my 2 cents:
1. the fact is key milestones not meet, that why Fxx issue "notice of default" terminate the MOA.
2. whole filed case tell the story "how" and "why" key milestones not meet, basically genx blaming fxx not doing their jobs...etc. this require to prove it and time & money consume to provide evidence. of course defendants (fxx/disxxx) can fight back with their own evindence.
3. most important, the filed didn't mentioned the "penalty" for cases terminate the agreement, this is the weakness on that MOA, clearly, it doesn't have written on it. so it is favourite fxx / disxx.

well, MOA equal to marriage.
now divorce, of course not happy ending and who know who is right depends on rules of law by evidences. just like gal claim boy cheat him, and boy claim gal con his money.
RM3 now represent what genx situation now, means it is hard to win the case.

it will be interested to check pre close later, could push very low

TP 2.75

genx invested 750 mil USD (RM 2.8 bil) in the park, estimate genx one year P/L 1 bil.

if PE ratio maintain 15 for this counter, EPS share RM 2.8 bil for 15 years, each year loss 18.6%.

add another 5% for uncertainty, therefore, 23.6%, this stock should drop from RM3.6, to RM2.75 TP.

Source from Blombexx:

Fox entered into a licensing agreement in 2013 with Genting for the development of what would be the first Fox-branded theme park in the world. Unlike Disney, which owns its parks in part or in whole, Genting would own and finance the park completely, with Fox getting a cut of the revenue from retail, food and beverages. Genting has invested $750 million in the park, which was due to open next year, according to the complaint.

Fox had been trying to renegotiate the agreement in various times over delays in the park’s completion and had sought to get a share of the gate revenue as well, according to Genting. Once Disney started calling the shots this year, the objective was no longer renegotiation but termination, Genting said.

The case is Genting Malaysia Berhad v. Fox Entertainment Group LLC, 18-cv-09866, U.S. District Court, Central District of California (Los Angeles).

---------------

the main point is IP (interlectual property)
original the theme park with Blue Sky Studios' Ice Age and Rio, Life of Pi, Night at the Museum, Planet of the Apes, Alien vs. Predator and Sons of Anarchy..etc
with all those famous character, now i think genx can not use it anymore.

worse case, theme park need major redesign construction work, because the theme design also own by fxx / disnxx.

that's why genx sues 1 bil for losses, because it is not that great investment without 20th Fxx.

of course genx can run the theme park own, but less attractive from foreign tourist.
now more hard to get banker / investor interested.
hard to get famous theme IP owner because need to do major change.

i think it will delay further next 1-2 years, worse case 3-4 years.

be careful guys, it is not possible to get back 1 Bil, i think it is no choice to sue Disxxx, this is the last menthod genx can do and we're not sure the agreement detail, Disxxx dare to chop agreement means they got ball to do it and confidence on it.

good luck.

trust me, this company worth nothing now, maybe 50% off based on NAB 0.19, which is worth less than 0.1.

careful, distributing

suggest those who brought limit down price sell now

suggest those who brought limit down price sell now

afternoon is real show

afternoon is real show

i think a lot people will cheap sell their car and house soon

i think a lot people will cheap sell their car and house soon

YES!!!!!!!!!!!!!!! LIMIT DOWN!!!!!!!!!!!!!!!!!!!!!!

YES!!!!!!!!!!!!!!! LIMIT DOWN!!!!!!!!!!!!!!!!!!!!!!

limt donw limit down limit down limit down limit down limit down limit down

limt donw limit down limit down limit down limit down limit down limit down

still don't run??? run ah~~~

still don't run??? run ah~~~

LIMIT UP!!!!!!!

IRIS LIMIT UP !!!!

run ah~~~

run ah~~~

1.05 come come come

0.395 come come come

RUN FOR YOUR LIFE! LIMIT DOWN !!!!

RUN FOR YOUR LIFE, LIMIT DOWN!!!

sold balances 500 lots 2.22, haha, thanks gamuda :) go massage first, you guys enjoy

sold sold sold 2.2 @ 500 lots :)