Health Ministry, illegal contraband and lame enforcement contributed to this fall. Perhaps, the management had enough of operating here. Looking for greener pasture around the region.
At current prices, I reckon that BAT will be retail investor-driven moving forward. It will no longer be an institutional stock that pays handsome dividends. Rather it will be subjected to speculative activities whereby financial performance is a secondary buying criteria.
Revolving credit facility - unsecured by RM 410 million (@ 31/12/18)
Cash available at bank - RM 78.6 million (@ 31/12/18)
Net profit
9m (@ 30/12/19) - RM 247 million
YE 2018 - RM 468 million
YE 2017 - RM 492 million
YE 2016 - RM 721 million
YE 2015 - RM 910 million
** If management need to repay back the loan by RM 410 million, need to reduce dividend payout by substantially by unfortunately profit unable to growth for coming year....
@Keyman188 thank for the alert. Q4 will be including Glo & Neostick sales, not much contribution, but i think most of the investors keen to know the respond for this new products.
The downside is camouflaged by this little upside to lure more into the trap . The worst us not over yet.
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princehero
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Posted by princehero > 2020-01-28 17:00 | Report Abuse
I think one more round of plunging can buy liao..