Last few months got news come out with merger or acquisition , after a while the wind blow only for comforting who hold lioncorp share, after that "dumppppppppp" no more any news on it. Fake news. i had bought at 8k,Cry till tears dry and blind le :~~~
i think he shd merge all lion corp/div/ind into one then the group size n revenues everything will look diff n then he surely got much bigger face cos no 1 will dare to say big front of him after he merge all hehehehe^^
Refer to few points from the Audit report 2013 vs 2012 : 1) Non current liabilities reduce significantly ard 500M (500,000,000.00) Especially Loan/Borrowing/Bonds/Debt reduce up to 35% 2) Current Liabilities reduce significantly ard 434M (434,000,000.00) Especially Loan/Borrowing reduce up to 15% 3) Latest Qtr Report Revenue Increase more than 60% & Net lose reduce significantly more than 60% (Qtr Vs Qtr) more than 30% (Yr Vs Yr) 4) The repaying back to TNB bill which make sure Electric supply no effect to biz 5) Net Cash Inflow from investing increase significantly 780% to 70M (70,000,000.00) from previous 8M (8,000,000.00) 6) Net Cash Outflow from financing reduce significantly 30% to -ve 174M (-ve174M vs -260M)
with all these factors n the work hard willingness to settle things etc etc i can foresee it will be the next uplift company from PN17 after Hovid/HoHup/Ircb..
Lion Corp: Megasteel, TNB agree to settle RM305.63m financial claim made by TNB for supply of electricity. Lion Corp’s hot-rolled coil manufacturing unit Megasteel SB and Tenaga Nasional (TNB) have mutually agreed to settle a RM305.63m financial claim made by TNB for the supply of electricity. A consent judgment had also been recorded at the High Court of Malaya, stating that Megasteel has been given a 12-month moratorium from April 1, 2014 to pay the amount and that it shall commence the scheduled payment of the amount by 24 monthly instalments from April 1, 2015. Lion Corp noted that subject to the approvals of the company’s shareholders and lenders, the company was to provide a corporate guarantee for the sum of RM30m. (StarBiz)
i think the time is coming soon n TNB settlement is just a starting point to calm investor heart that power supply no issue n the factory etc can keep on going n generating bigger revenue (which ad shown at 2Qtr)..i can foresee their strategy now is keep Boost bigger sales to turn the red color report situation into black n uplift apply uplift PN17 n when tat announcement come easily 100% profit can be make^^
Not sure but I think smth big to be announce soon kua..perhaps the restructure plan coming out soon/or any potential china steel maker gonna JV wf it since it hv the monopolize market in Msia anyway it is just my thought only so shall see wat news to be announce soon:)
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Posted by cjesce_wyne > 2014-04-09 16:08 | Report Abuse
Last few months got news come out with merger or acquisition , after a while the wind blow only for comforting who hold lioncorp share, after that "dumppppppppp" no more any news on it. Fake news. i had bought at 8k,Cry till tears dry and blind le :~~~