loss mainly due to impairment loss of associate, MUDAJAYA- over myr100million...other property and hospitality sections make money....it's aggressive growth thru acquisition of mainly AU hotels remain intact....if fall further, it is a good long term buy
ya sbb this stupid mulpha , better than do nothing la, And I also no trust Dtl anymore seem no good already. thanks for advise thanks
TheContrarian do you like magnum counter, very weird this qr results improve a lot , but price keep drop until today 2.23 ? very werid mAGNUM Quarter Report History UP 45%
Ardent Leisure has been thumped by investors after the entertainment group replaced its chief executive on last night, with the stock plunging the most on record in early trade.
Ardent Leisure Group chief executive Greg Shaw announced his retirement after close to 13 years in the role on Tuesday evening, to be succeeded by former magazine editor Deborah Thomas.
Mr Shaw, who will stand down as CEO at the end of fiscal 2015, resigned immediately as a director of Ardent Leisure -- operator of Dreamworld and WhiteWater World.
At the opening of trade on Wednesday, the group's stock crashed 28 per cent -- the biggest fall on record for the company. By 4.15pm (AEDT) Ardent shares had recovered some ground, but remained down 19.14 per cent at $1.965, against a fall in the benchmark index of only 0.53 per cent.
IG markets analyst Evan Lucas says the market has been taken aback by the surprise announcement.
"Greg Shaw stepping down for Deborah Thomas has come out of the blue. It was not expected at all," Mr Lucas said.
"There have also been issues about Ardent Leisure's growth and right now is not the right time to do a strategic review."
He said the news also coincided with a weak trading day as the wider market reacts to fears of an interest rate hike in the US.
Ardent Leisure released a statement to the ASX this morning noting the sharp drop in the share price.
The company said it held a conference call on Wednesday at 9.30am between the group's executives, investors and analysts, but said no additional information was disclosed to conference call participants beyond what the group had announced on Tuesday.
Meanwhile, Ardent also flagged a future “increasingly focused” on chasing organic revenue and profit growth through customer entertainment and leisure experiences under Ms Thomas, a decade-long editor of The Australian Women’s Weekly, with broad experience in advertising and brand development.
Ms Thomas will start working with the group in an executive position from April, after commencing as a non-executive director in December 2013.
“The board of directors would like to thank Greg for his exceptional leadership and commitment to the Group during his tenure and for establishing the building blocks for the group’s future success,” chairman Neil Balnaves said.
Mr Shaw has led Ardent Leisure since 2002, when the business existed as Macquarie Leisure Trust Group.
wa millions of share buy back, hope suddenly ann Mupha private then we all rich haha ,just kidding , Mulpha so rich got many properties oversea , if Mulpha boss want private what price do you think shareholders will satisffy m basaed on my roughly cal , I personally fell if want private fair price offer maybe is 0.80 ,mean eighty sen per share about 400% from now . base on the asset and cash on Mulpha haha those only my feeling and views , all the best
Another way to look at this is you pay co RM0.25 for the recent rights. Now co pay you back RM0.20 to take back your rights. Co profit 0.05. kakakakka. Probably later call for rights at 0.20. Then you give co back that 0.20.
chinaman I agreed you points, boss got many property in Aux, if let himprivate at cheap price mean he is super rich lol, his preperties still increase value . for the stingy Mulpha boss for not givivng any dividend to us should punish him to annouched special dividend maybe 20sen , haha
Don't trust Mulpha. The way they conduct share buybacks just to buy from cronies and not to support the market price. The motive is to eventually take the company private cheaply like in Karambunai and Petaling Tin. Even SC can't do anything to protect the minorities.
of course , this counter will up soon , see the TA is cantik now keep high volum and tahan at 0.22 and 0.225 seem will touch next level 0.25 , then if break is good la , hope dream come
28/12/2016 OTHERS MULPHA INTERNATIONAL BHD ("MIB") - Acceptance of Margin Loan Facility of up to HK$375 million granted by Sun Hung Kai Investment Services Limited, Hong Kong
You folks don't think things will turnaround with the high speed rail at the doorstep of leisurefarm? Anyone know what is the current valuation of leisurefarm on its books? Thanks
Properties in Leisure Farm looks kinda posh. I somehow doubt those that wish to buy properties there is interested in taking train to Singapore or KL. Cannot imagine Leisure Farm trying to sell properties with this..."Come buy a RM6,000,000 bungalow situated near HSR station..can take train to work in S'pore or KL ..no need drive your Merc/BMW"
Ethan, historically, Mulpha only call for rights after making a few quarters of profits. After the last rights, it has been making quarterly losses. So, no, I don't think any rights issue in the cards.
No dividend. Every few years ask for RI. Good only to speculators/sharks. Small traders should just avoid. If got extra money, better donate to charity. If want to invest, can look at counters with good profit & give good dividend, such as CBIP & BPLANT. Your money, you decide. :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Anti_debt
224 posts
Posted by Anti_debt > 2016-11-12 11:21 | Report Abuse
Total debts: RM 2,281.944 million. Interest expense : RM 56 million.(30th June 2016)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5191633