CPO dropped from 3.1k to 2.7k since Jan. Future earning will be affected.TH announce good result but nothing move .. market sentiment turns bad on plantation counters.
Kindly be advised that at the request of TDM, trading in the Company's shares will be suspended with effect from 2.30 p.m., Monday, 27 February 2017 pending a material announcement.
Good news is at least company got use plenty of cash to expand their business. Bad news this company manage their business not so good , whY , turnover from 2013 to 2015 around 200 mil turnover , profit range from 4 to 8 mil or (2-4% return ) . Tdm also never tell us what price paid for this deal , is it undervalued or over value ? Besides , never explain how they buy this company ? Private replacement or right issue ? Borrow money from shareholder or use cash ? Lack transparent of this company ...
In peninsular with this side of land should be 1 hectar approx rm 50-60k. 11.5k hectare or 28.5k acres should be approx 600 mil . Increased share approx 42% approx 250mil , so be frankly , tdm probably will borrow money from minor share holder by private replacement , right issue ..but tdm got 3 times bigger than that mentioned company + 4 hospital , so that company should not buy above 300mil ..
AnywAy, logically if they need money , usually will push up the price first by declare dividen, good qr, all good news which attract more share holder ..
Hustle Quater report will be negative due to the boss already use the money to purchase remain stake from terengganu oil palm 28/02/2017 09:50 -------- What are you talking about? Increase your knowledge before commenting misleading comment here. is it so hard to understand that the soon to be released QR is the result from Q4 2016 where the proposal isn't even announced yet?
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Posted by ryan_och > 2017-02-24 11:17 | Report Abuse
0.74 also cannot hold, weak