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2019-04-29 11:39 | Report Abuse
sold back all KPS at 1.66
2019-04-29 10:16 | Report Abuse
bought back all kps at 1.62-1.63 after sold at 1.66-1.68 today.
2019-04-26 19:00 | Report Abuse
KPS now cum dual dividend : Special dividend 32.6sen + final dividend 4.25sen
2019-04-26 18:51 | Report Abuse
Special dividend 32.6 sen
2019-04-26 14:07 | Report Abuse
In the latest just release annual report, page 34 state clearly use of cash proceed to reward shareholder
Upon completion of the divestment, Perangsang Selangor stands to receive RM570.0 million cash in addition to nine annual instalments totalling to RM195.0 million. The cash proceeds will be utilised for paring down debts, financing future acquisitions and distributing 'DIVIDEND' to shareholders.
Selangor state government control 63.4% in KPS via KDEB 57.9% and PKNS 5.5%. The LTH control another 3.9%. All these GLC are key beneficial on KPS special dividend soon.
On 30 January 2019, kps drew down RM300.0 million from the RM500.0 million Islamic Medium-Term Note Programme to refinance the Group’s existing borrowings RM 611m. The objective of the refinancing is to reap savings arising from relatively lower financing costs as well as to optimise the cashflow management of Perangsang Selangor due to elongation of the principal repayment.
Cash and cash equivalents of the Group increased to RM166.4 million as at 31 December 2018 as compared to RM79.0 million the year before. This was due to higher cash balances at CPI and KPS-HCM.
Therefore, the upfront splash disposal 570m will boost Kps exiting cash hoard to 736 m. As 300m of 611m borrowing just refinance, thus, if Kps wanna to pare down further balance borrowing total 311m, it still have cash balance 425m. Therefore, Kps can afford to payout at least half of these cash as special dividend 40sen/share and reserve another half for business expansion. In additional, Kps cash flow will keep increasing over next 9 year consecutively installment 22m annually from balance splash disposal.
very very soon good announcement will coming, be patient ya.
2019-04-25 09:07 | Report Abuse
On 30 January 2019, kps drew down RM300.0 million from the RM500.0 million Islamic Medium-Term Note Programme to refinance the Group’s existing borrowings RM 611m. The objective of the refinancing is to reap savings arising from relatively lower financing costs as well as to optimise the cashflow management of Perangsang Selangor due to elongation of the principal repayment.
Cash and cash equivalents of the Group increased to RM166.4 million as at 31 December 2018 as compared to RM79.0 million the year before. This was due to higher cash balances at CPI and KPS-HCM.
Therefore, the upfront splash disposal 570m will boost Kps exiting cash hoard to 736 m. As 300m of 611m borrowing just refinance, thus, if Kps wanna to pare down further balance borrowing total 311m, it still have cash balance 425m. Therefore, Kps can afford to payout at least half of these cash as special dividend 40sen/share and reserve another half for business expansion.
Kps cash flow will keep increasing over next 9 year from installment 22m annually from balance splash disposal.
2019-04-25 08:27 | Report Abuse
In the latest just release annual report, page 34 state clearly use of cash proceed to reward shareholder
Upon completion of the divestment, Perangsang Selangor stands to receive RM570.0 million cash in addition to nine annual instalments totalling to RM195.0 million. The cash proceeds will be utilised for paring down debts, financing future acquisitions and distributing dividends to shareholders.
2019-04-24 19:18 | Report Abuse
Selangor state government control 63.4% in KPS via KDEB 57.9% and PKNS 5.5%. The LTH control another 3.9%. All these GLC are key beneficial on KPS special dividend soon.
2019-04-24 19:11 | Report Abuse
Very informative and detail annual report presented by KPS.
2019-04-24 15:31 | Report Abuse
special dividend to announce very very very soon,
2019-04-24 13:50 | Report Abuse
we are also always aligned with optimising shareholders returns. If you look at KPS, historically, whenever we have divestments, there will be special dividends,” says KPS CEO Ahmad Fariz Hassan.
https://www.theedgemarkets.com/article/kps-moving-without-splash
2019-04-24 13:28 | Report Abuse
Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of Perangsang Selangor, save for the Interested Directors, wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.
Following the above, SPLASH Holdings, being a 30% associated company of Perangsang Selangor, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.
2019-04-24 13:24 | Report Abuse
Very very very soon, either today or tomorrow.
2019-04-24 10:08 | Report Abuse
sold back bjland at 23sen, locked profit frist
2019-04-24 09:44 | Report Abuse
sold back all sapura at 33sen, locked all profit first
2019-04-23 09:56 | Report Abuse
Velesto already rebounding, sapura will following soon
2019-04-23 08:26 | Report Abuse
Oil rose to the highest level in almost six months as the US government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.
https://www.thestar.com.my/business/business-news/2019/04/23/oil-jumps-as-us-plans-to-end-iran-waivers/
2019-04-22 15:41 | Report Abuse
courting down time for splash completion
2019-04-22 10:44 | Report Abuse
Brent crude oil up nearly 3% to USD 73.6 now
2019-04-10 14:48 | Report Abuse
be patient, courting down time to seal splash disposal deal.
2019-04-09 11:32 | Report Abuse
Skytropolis Indoor Theme Park in Genting Highlands, Malaysia
https://www.youtube.com/watch?v=5BtWcPvykyo
2019-04-08 21:34 | Report Abuse
GENM current depress share price is now strongly back support by its net assest worth RM 3.22, dividend total 19 sen, yield 6%. Many negative factor are mostly price in, therefore further downside risk is very minimum.
In contrast, GENM may even able to reverse some of these negative factor into catalyst such as US tribe reaffirmation right by current US congress hearing to reinstate first light casino.
Another catalyst is upcoming GENM exercise its option to commence outdoor theme park either through arbitration settlement or Genting team partner Universal to take over or man-over to abolish fox feature and run own outdoor ride etc.
2019-04-04 14:44 | Report Abuse
sold back all dayang at 1.36
2019-04-04 14:43 | Report Abuse
sold back all hibiscus at 1.12
2019-04-02 16:54 | Report Abuse
add last batch of capital to dayang at 1.39
2019-03-26 17:11 | Report Abuse
Bought back Dayang at 1.34-1.35
2019-03-26 14:48 | Report Abuse
Sapura deliver disappointed result.
2019-03-26 14:47 | Report Abuse
Sold back Sapura at 34-34.5sen and Sapura-wa at 14sen, locked all profit, free up all capital
2019-03-21 16:11 | Report Abuse
Sapura energy still lagging behind sapura-wa, both MUST go up together in order to sustain uptrend.
Sapura -WA need sapura to go up in tandem to sustain sapura-wa momentum upward, so that sapura-wa can continue keep breaking record high.
2019-03-21 15:15 | Report Abuse
Sapura Energy 3 core business
1. Engineering and construction (E&C) 100%
2. Exploration and production (E&P) 50% : 50% OMV
3. Drilling 100%, but, sapura is in the midst to unlock drilling value, by replicate to (E&P) business model through collaborate and form strategic partnership either via divestment or outright disposal of part of its drilling business.
Remark: Sapura currently have 16 assets under its drilling business, comprising 8 semi-tender rigs and 8 tender assist rigs, with an average of 15 to 20 more years to go. drilling Likewise to E&P have incur substantial impairment previously, once form strategic partnership, assets will value base on latest enterprise value, it will result a significant write back on earlier impairment, boost back sapura intrinsic value.
2019-03-21 14:52 | Report Abuse
Sapura-WA leading fast, sapura energy need to catch up too :D)
Stock: [NAIM]: NAIM HOLDINGS BHD
2019-04-29 14:52 | Report Abuse
bought naim at 1.06