If Penang government want $, they can choose dividends. But instead they chose like this sucking method. Means they really dun take care of shareholders
wont affect much, the report is too over...wait for next quarter report then you will know. earn 15m give 4-5m stil got 10m...if price around rm1, really good price to buy in...
Based on the estimated production volume for the period from Jan 1, 2016 to Dec 31, 2018, PBAHB said, the annual water intake fee to be made payable by its unit Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) to the state government was about RM61.5mil for three years.
The english is unclear. 61.5mil for 3 years should be interpreted as 61.5m total for 3 years or it seems able to be interpreted as 61.5m per year for 3 consecutive years
asdf. At least more than half of the politicians are sittig on the board. They can actually to take money out of PBA in a nicer way. Ie increase the raw water intake by 33% and the remaining pay through dividends. This LGE seemed doesn't know give and take rule.
The total raw water intake fee incurred by PBAPP for the financial year ended Dec 31, 2015, was RM8.409mil. Even double up from 3 cent to 6 cent, the most is RM16 mil per year,
After pg gov rise the water intake fee, pba earning had drop till like last time when water fee not yet rise.PBA pe most of the time is around 10, expect it eps around 0.09 ~ 0.10 per year after increase water intake fee. Share price around RM 1.00 I just can said pass 3 qtr earning results just let invester happy for a while only. Politicians all can't trust, just want suck money from citizen
-------------------------------------- Kian Leong Lim Waste of time counter, political counter, take care citizen take care of company employees take care of political allies, the shareholders take care last. So, no need to see this counter. 23/03/2016 12:04
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860000
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Posted by 860000 > 2016-03-07 20:30 | Report Abuse
Seems like only Penang government can earn from PBA?
http://www.thestar.com.my/business/business-news/2016/03/07/penang-doubles-water-operators-raw-water-intake-fee/