I doubt we are disputing the prospects but these have not changed over the year.

UOB may just have hit on the head for short term investors. Reality check perhaps.

yes!

Declining future free cashflows requires another job to bump up valuation or alternatively AK/UT and co offer to take it private at a premium as these guys play it close to their chest. Never discount that.

About its shortest media release in its recent past, maybe something good afoot at
the AGM.

Tanjong Karang-Assam Jawa section of West Coast Expressway ready in March 2026, says Nanta
https://theedgemalaysia.com/node/711914

for guys who do numbers rather that emotions here is the RAM article ( a bit dated ) Dec 2023 https://www.ram.com.my/pressrelease/?prviewid=6528

If tolling revenue is not too far off Choivo's assessment cashflow ( broadly speaking ) perhaps there is something to salvage but section 7 has become the archilles heel.

Not altogether true Sonnia. In actual fact it has dug itself out of a hole of its own making but it has not crawled out of it as yet. I have been there since 2012 ( in the hole) and holy cow the price I have paid ( or been paying ) since then. Management info is just lipservice ; fodder for the plebs.

Smart investors know when it is time to invest and there are others who are longer term investors with surplus cash who wait it out.

WCE's highway construction execution has been poor....this a much longer term investment.

Maybank and Kenanga have structured call warants at ex price of 65 ( Jan 25 ) and 68 ( April 25) respectively and both on ex ratio 1. This is a slight hike from the 50 to 60 range. KLSE does not have big enough competing funds to challenge local institutions unlike other bourses; so odds stacked againt retailers.

Armada ought to review management's LTIP based on price of the stock...pathetic price action.

Cheers Niki and as Robert said an indicment of management's sloppiness

Decorum chaps

Fingers crossed

Indeed, falling in love with a stock is a probable investment tragedy....some of us just do not have an insurance float or wherewithal like WB to be longer term investors..

AGM Thursday, 30 May 2024

if this true then then WCE has incompetent geotechnical consultants. What a load of cobblers

good point! but there is enough to do both if management is clued in. This not a growth company but a mature one.

https://www.marketscreener.com

Dividend per Share - - - - - 2024 div 0.0350 2025 div 0.0173 2026 div 0.0390
Market screener has 12 analysts following the stock and this is what it says. DYOR to be sure

The last divided paid I suspect was in 2015 but since then none but hopefully it would be revived

He ought to know we expect a dividend of 5 to 6 % yield considering the healthy cashflow. Am sure he is a guy after my own heart.

net short now at 11mil ; encouraging

hope you are right pal, only real positive is the cashflow yield for now

we have a dud in our portfolio

In the shorter term, in the absence of growth, Bumi ought to declare a dividend to reward shareholders for their enduring patience

Investors have little stock in promises

Fat paypacket and promises

If Greedy Gary pulls a rabbit out of the proverbial bag the upside would be sweet

There are call warrants from April to Oct ( except Aug) all at exercise prices ranging from 53 to 60 sen...

Hi Nepo maybe in the short term it does not look good...it is a longer term investment

Indeed Mr Waters!

The "kick" is in the terminal valuation in the DCF model. A growing company would have a higher valuation. That is why Yinson's valuation is streets ahead

Rohank that is right with cost of equity at just over 16 % and with debt pared down would generally relate to a lower discount increasing PV subject to freecashflow projections. These guys need another project to bump up valuation as buffer to future cashflow projections.

As long as cashflow supports the remaining construction and absent of raising further equity ( CEO has cleared it) there is only one way, that is up as demand will grow. Sell at your peril

with socks,shoes and what not are headlines optimism is an empty promise

just about three weeks ago net shorts was 55 million
it is now at at about half at 26 mil. ie positive. It is just another metric to consider

hello there cheated, most cameras are down on WCE .. how did you manage to come to your view?

Keep an eye on management....hopefully not wealth destroyers

Hopeless in every sense

The next qtrly report would be decisive if I am to hold or sell as there are other stocks that would provide a better return unless AK himself takes it private at a premium. Unlike Yinson, Armada has a declining FCF going forward and there appears to be nothing tangible in the near future.

watching paint dry

True... so many irons in the fire

I should think that is the smart money

The net shorts hovers in the 50 over million range

I am a regular traveller PJ /Ipoh....NSE stinks, roadworks, minor accidents esp when three lanes become two lanes . WCE should alleviate congestion

Armada has to hit paydirt if there is to be an uptick in price

Politics has resulted in 2 months rather than a single month toll free access....bumper crowd miss over Raya