Posted by Jasonn > 2020-07-26 11:47 | Report Abuse

For summary, it's exchange the gpacket remaining shares in webe( p1) to the subsidiary of Telekom. That means gpacket sold the remaining shares in webe for the exchange of securties debt it issued preciously. The remaining shares worth 200m + but the debt about 260m+, thus it can gain about 60m+ as paper gain in nta ad improve its gearing. For the debt security issue by gpacket, it need pay about 8% interest to mobicom under telecom. Such, with the exchange, it will also save about 13m + interest annually.

Posted by Jasonn > 2020-07-26 11:53 | Report Abuse

In my personal view, I think its a good move as restructuring the business and be more focus on ekyc digital business and cloud business.

Posted by racheal817 > 2020-07-26 12:05 | Report Abuse

Good things only people buy.

Posted by oskchoon > 2020-07-26 12:17 | Report Abuse

I hope next QR will report a small profit.

Posted by signn > 2020-07-26 12:20 | Report Abuse

hopefully the jv cloud business announce soon

Posted by Maxprofittt > 2020-07-26 12:37 | Report Abuse

https://www.klsescreener.com/v2/news/view/707201

Posted by soonli > 2020-07-26 13:28 | Report Abuse

If you all have read wolfidea comments earlier, who had attended the EGM and share some information about the AGM/EGM then you will know what was going on.

Part of the loss making was mainly due to the interest payment to TM amounted to 20m according to book but not physical cash out from the company. As GP hold P1 shares about 10%, which is about 200 mil, so eventually they wanted to offset this with exchange program to make it better nta and saving interest payment going forward.

From business prospective, I would say it's a good move and with the positive respond from revenue increase, new development in digital and cloud business , I wold say generally the company may turns to profit in 1-2 years times and the growth would be fast coz this business segment is a new era in future, future trend due to pandemic. Just that Covid 19 made it trend go faster and this transformation is essential and positive.

Overall the direction is very positive, but all need time to move, you can't expect the result happen overnight it's the time to test the management team to prove their capilities. Also, I believe they also understand it, hence partnership with top 5 clouding player can solve a lot of technology technical issues which highly required technical skills.

So far, we can see something are being progress lately, not just "talking" such as buying ekyc from xendity, partnership with top 5 clouding , pp exercising and now the restructuring of their debts to save interest and better nta. At least "physical action" is in the progress.

So, if you are patience enough, probably like what PCC said, just like the pp takers for those who believe in GP, you could getting reward in future.

Posted by kinsize21 > 2020-07-26 16:29 | Report Abuse

tomorrow big up,buy...

Posted by Ahlim12345 > 2020-07-26 16:54 | Report Abuse

KLSE screener many ppl only focus on the titles proposed solution. someone better clarify there..

Posted by soonli > 2020-07-27 07:35 | Report Abuse

https://www.klsescreener.com/v2/news/view/707259

Posted by SureWin1Woh > 2020-07-27 07:40 | Report Abuse

Sit tight. Rocket launching today.

Posted by SureWin1Woh > 2020-07-27 07:41 | Report Abuse

Very good news indeed. Debts free.....and clear off all historical burdens

Posted by SureWin1Woh > 2020-07-27 07:42 | Report Abuse

Start anew. Fintech darling from today onwards

Posted by seanpan > 2020-07-27 07:55 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2314200.html

Posted by Palmboy92 > 2020-07-27 08:41 | Report Abuse

Wow....rm3 rm3

Posted by Palmboy92 > 2020-07-27 08:42 | Report Abuse

Let go loss making co,and continue supply 5g product,ccpuan didnt lie us.....

Posted by scooter > 2020-07-27 08:50 | Report Abuse

rm3? even rm1 i will sure happy

Posted by Akukakijudi > 2020-07-27 08:55 | Report Abuse

Haha

Posted by Palmboy92 > 2020-07-27 09:05 | Report Abuse

Digital bank oh bro...rm1....

Posted by High5 > 2020-07-27 09:17 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/27/green-packet-sells-webe-stake

Posted by High5 > 2020-07-27 09:18 | Report Abuse

This is a pc of good news for gpacket...disposed of webe stake....buy now ...

Posted by High5 > 2020-07-27 09:20 | Report Abuse

Buy buy

Posted by Akukakijudi > 2020-07-27 09:26 | Report Abuse

Sell make 7% first

Posted by dusti > 2020-07-27 09:27 | Report Abuse

TIME TO MOVE UP. SUPPORTERS ARE LOSING FAITH.

Posted by Tarrance Schu > 2020-07-27 09:37 | Report Abuse

trap ppl again/.....haha

Posted by angelo > 2020-07-27 09:39 | Report Abuse

Have faith n patience.

Posted by Jumam2173 > 2020-07-27 09:42 | Report Abuse

Still in waltz mode.

Posted by CUTLOST > 2020-07-27 09:49 | Report Abuse

Wow.. Sulah jalan maa.. Tq

Posted by Trader1188 > 2020-07-27 09:57 | Report Abuse

From the latest corporate development, GP valuations now is extremely cheap. Afresh into pure tech company. Way to go...potential stock in the near term

Posted by super_newbie > 2020-07-27 09:58 | Report Abuse

Had cut loss and move on...

Posted by Palmboy92 > 2020-07-27 09:59 | Report Abuse

Gp tend to suddenly move,see afternoon can above 0.6 or not

Posted by SureWin1Woh > 2020-07-27 10:02 | Report Abuse

Clean up needed to have good Balance Sheet for digital banking licence. Definitely moving in a good direction.
I will keep riding with PCC & CBL

Posted by High5 > 2020-07-27 10:04 | Report Abuse

Debt free now

Posted by signn > 2020-07-27 10:20 | Report Abuse

be patient. wait for official.jv with top5 cloud company. could be tencent cloud.
either way, got cash now to do jv

Posted by signn > 2020-07-27 10:21 | Report Abuse

cloud computing is next step forward

Posted by Louise4 > 2020-07-27 11:15 | Report Abuse

Back to 70 sen soon.

Posted by BullRUN2021 > 2020-07-27 11:22 | Report Abuse

Will be back soon. Clear debt dy and in a growing industry.

Posted by Good123 > 2020-07-27 11:51 | Report Abuse

take out the finance cost juga rugi

GREEN PACKET BERHAD ( 534942-H )
(Incorporated in Malaysia)
31/03/2020 31/03/2019 31/03/2020 31/03/2019
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
RM '000 RM '000 RM '000 RM '000
Revenue 147,054 97,935 147,054 97,935
Operating expenses
-Depreciation

Posted by BullRUN2021 > 2020-07-27 12:17 | Report Abuse

Better join in now. If you scared or hate money just stay away ya. Price is near 52 weeks low dy.

Posted by Jumam2173 > 2020-07-27 12:22 | Report Abuse

Suddenly Good123 become roti prata.

Posted by somemore999 > 2020-07-27 12:26 | Report Abuse

becoz good123 already kena wash out ,123 focus other stock now

Posted by Palmboy92 > 2020-07-27 12:30 | Report Abuse

Hahaha good123 roti canai?

Posted by SureWin1Woh > 2020-07-27 12:32 | Report Abuse

With CBL in it, no worries.

Posted by Good123 > 2020-07-27 12:55 | Report Abuse

expecting fall to 40-50sen , right issue pricing

Posted by Palmboy92 > 2020-07-27 12:55 | Report Abuse

Expect wont see u soon

Posted by Candlesticks > 2020-07-27 12:57 | Report Abuse

https://www.theedgemarkets.com/article/tm-increasing-webe-stake-securities-swap-deal-green-packet

any idea on how this will benefit Gpacket?

Posted by somemore999 > 2020-07-27 13:00 | Report Abuse

benefit good for gp

Posted by trader420 > 2020-07-27 13:01 | Report Abuse

go take a look at CC Puan fb page then you'll know how GP will benefit :)

Posted by Plantermen > 2020-07-27 13:04 | Report Abuse

Webe accumulated losses totalling 300 million + { TM by holding 90+ % of Webe} TM can utilised and used the losses offset { against} their tax's { lowering the P & L bottom line} it's an accounting and tax jargon. Nothing on GP but more on TM { just my personal take}

Posted by Jumam2173 > 2020-07-27 13:19 | Report Abuse

Some more999 read Somali post. He explain extensively