The Vendor further provides and guarantees to PB that the PT ASI Group shall achieve a consolidated profit before taxation amounting to USD50,000,000 (“Total Sum”) for four (4) consecutive financial years and subject to relevant terms in respect thereto.
Company entering a new phase of growth with expanding property portfolio and venture into oil and gas (although not confirmed). This is supported by the stable road construction & maintenance and engineering services which provide recurring income.
Expect company to be priced at a higher P/E partly in line with that of oil and gas and property counters when these divisions come in.
I have prepared an updated report on Protasco Bhd. However I'm unable to upload the attachment here (unless someone could tell me how to). If you are interested in having a copy, drop me an email add I can send to. Also feel free to comment.
cherrytomato and 2862862, the report has been sent to your respective emails. Do let me know if you haven't got them.
Awesome: I think the dividend issue is to be settled at the upcoming AGM so the die is not cast. However, unlikely to change in my opinion.
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Posted by sephiroth > 2013-04-05 16:57 | Report Abuse
Once private placement shares listed, maybe can buy at 0.95 and below