Hidup bossku! Johari Abdul Ghani for FM. Next GE battle will be on traditional media. Since kobis, any election-related gatherings or social activities will not be allowed. Whose face come out most on tv3 will win next GE.
BN not jst win in PRN melaka. BN win big. Look at how much coverage BN get on TV3 during voting day Saturday. If Bossku come back as PM, Johari high chance will bcm FM. And dont forget, Media previous Q reports are good. At current price, the risk is low.
Media Prima at RM0.45 is too cheap to be ignored. Its latest quarterly results show that its operating cash flows before working capital changes and capex topped RM150 million for the first 9 months of 2021. With minimal capex going forward, its free cash flows may exceed RM170 million or 15 sen per share every year, adding to its nett cash position of RM263 million as of 30 Sept 2021.
By Dec 2022, Media at RM0.45 will be almost fully backed by nett cash of RM490 million with free cash flows of RM170 million every year. Real cash cow!!
CI Holding another Johari Abdul Ghani(no 2 Media major shareholders) counter can pay 12 sen dividend how about Media Prima; BOD has answer or must be replaced?
KUALA LUMPUR (Feb 23): Media Prima Bhd posted a 279% jump in net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) to RM28.94 million from RM7.63 million in the immediate preceding quarter on higher revenue and lower operating costs. The integrated media company returned to the black in FY21 on the back of its improved performance.
@dragon328, notice it starts paying dividend again. But it's only 1.5sen or less than RM17m as compared with the full year operating cash flow of RM200+ million? Not sure its capex need.
@Observatory, ya the dividend is unexpected. I thought Media still had a large amount of negative reserves and could not declare dividend, but I was wrong.
The latest quarterly result just blows off expectation. Net profit jumped up 2.8x from Sept qtr to RM29m. It could have been higher if not for an impairment item of RM18m.
Full year free cash flows amounted to RM138m or 12.5 sen per share. Capex is minima at RM8m excluding the one-off payment of RM118m to buy back its corporate office building in Bangsar.
If there is no restriction on dividend distribution due to negative reserves, then Media would be able to declare 100% of earnings as dividend or 5.0 sen per share or RM55m, leaving it with balance cash flows of RM75m p.a.adding to its already-strong nett cash balance of RM188m.
@Exnstp, thanks. Yeah of course such rumors could not be verified. Else would have been published in the mainstream media. I just wonder how the various political connections may affect shareholders. This company used to be owned by UMNO, just like Star still being owned by MCA.
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Posted by IlmuKhodam > 2021-11-21 17:00 | Report Abuse
Hidup bossku! Johari Abdul Ghani for FM. Next GE battle will be on traditional media. Since kobis, any election-related gatherings or social activities will not be allowed. Whose face come out most on tv3 will win next GE.