Many don't dare to buy cos of badly burn when price crash down from 1.60 to 0.50...now is bottom price. And debt free. Focus on cloud Computing and digital bank...
Alipay fintec company value at $200b once listed on hkse...
Amazon doing cloud computing, mcap is $1 trillion.
Following our Bursa announcement, we had divested our remaining interest in the mobile business to Telekom Malaysia which left us debt-free. The agreement entails surrendering all the shares and convertible medium-term notes (CMTN) related to WeBe Digital.
With the exit from WeBe, we are now fully focused on the new businesses which include fintech, proptech, and cloud computing business as well as building our foray to become a regional digital bank.
Soonli ...i fully agree with u ...so long as someone stay clear and not to try to create attention for himself with all the recycle news , we are OK. We sud look forward to the way forward foe the company which we have taken position and not to be sway for some "recycle news" which add no value to us.
How many company at BURSA is debt free and with a clea balance sheet as GPac n now move forward tocloud computing business andd digital bank venture and with healthy cash position and ability to borrow to fund the business ...THINK ABOUT IT...rather than to bother to read what someone write which add no value
Good123 is a good indicator. The price always move opposite ways on what he said, so just follow his comments and do another way will do.....lol joking!!
The share performance will depend on G3 and KiplePay performance, she will ride with these valuation.
Without a need to think of debt now, they could stomach more projects in near term. Price spice up could link to cloud services or the digital bank licence.....
Based on last quarter b/s position. GP has: Cash: 42.17 mil Short term loan: 11.59 mil Long term loan: 278.10 mil
After cleaning of 272mil debts, proceeds from PP 52 mil, proceeds from warrants exercise:: about 40mil, payment to xendity by cash abt 6mil. So after net off the new position will be estimated as follow:
Cash: 128 mil Loan: 18 mil
GP is amazing cash rich now!!!!!!
P&L impact : 3.5mil interest saving per quarter
Future prospects: cloud and digital banks ( contribution should be in end of 2020/ begining of 2021) Chances of success: high due to the partnership with top 5 clouding partner
Current ongoing revenue key driver: kiplelive, kiplepay and etc. Reopening of school, mall, university boost the usage of the kiple products starting in April onwards.
So again if you are patience enough, you may see a significant improvement in their coming QR and subsequent QR. (Significant gain valuation of g3 should be appeared in q2 QR and the gain of 63mil on the exchange will be appeared in Q3 QR).
“The fair value gain of RM63mil should increase by another RM9.5mil to around RM72.5mil by the closing of Green Packet’s third quarter as they have recognised two quarters of the debt interest payments in the first half of FY2020, ” he said. In a nutshell, he explains, the exercise is a “total clean up of Green Packet’s balance sheet” as its gearing will be reduced to zero and it will extinguish the RM20mil in annual interest payments. The monies could be used to fund its growth plan, which includes building a cloud computing business with Internet giant Tencent Holdings Ltd, as speculated by media reports. Hopefully this will propel the counter like the Glove counter
The 'magic' to make the balance sheet become positive and net cash position, the main reason is the criteria to get the digital bank from BNM must have a healthy balance sheet.
GP is now qualified!!
Going forward, digital bank will kill the traditional bank business model.
Xox news is not even news, plain goreng only. Get 5G means better business? No one uses XOX also nowadays, even so MCMC may not give them the band they want. Just a MOU for now. Cant compare to Gpacket clearing debts, moving into cloud business soon.
this jv with a top5 cloud player, gp is putting in 80m. i dun read that other companies in msia doing cloud is using that much money. does this mean tbe jv will be big ? what do u guys think ? 80m is a lot to start a business
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Posted by signn > 2020-07-27 16:49 | Report Abuse
steady steady