sslee no worries I will propose to Andy to takeover my nasi lemak menu rahmah business for RM10 Billion. I am sure Andy will approve it as a nation building exercise so new adjusted Goodwill = RM10,023.5 million to be amortized over 1,000 years
Let say local business still bleeding RM 50m per year, still got RM 100m profit from power plant.
You forget to put in another RM 50M for impairment loss on goodwill and receivables + another RM 14M on LTIP expenses.
The good news is the balance on Goodwill in Balance sheet is now RM 23.5 M
This year power play : Toyoven - price goes up from 60 sen to RM 1.40 in few month times YTL Power - price goes up from 66 sen to 85 sen jaks - price at historical low. Current mkt cap = RM 400m. Power plant share of profit RM 150m per year + LSS4 profit (COD by 2nd quarter 2023) minus local business losses.
Share a good teacher, when I met Glove Stock, it was the teacher who helped me to solve it and helped my stock market slowly recover losses. I hope that retail investors can unite. What good news can be shared together and spent the difficulties together!
The fear of Jaks would be which made price so depressed: 1. ALP poor business ventures both new and old ones. Obvious all his ventures failed except for Jaks Power Plant in Vietnam which is run by Chinaman not him. 2. Every year or endless PP or RI 3. Impairments of Receivables
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....
Posted by MIDASTOUCH87 > 2 months ago | Report Abuse