Capital reduction and right issue not mentioned. I don't think people will buy the right issue right now. until they get firmed on how they generate the cash flow to back the company. Loan / Bonds will be their major cash source for now. there is potential investors to pump in money to the company, but how much do they pump in still a question mark.
Well, this is PN17 company. since they are defaulted the bond coupon payment today, more will be come as long as they don't have any solution on cash flow. Put a hold 1st as the whole restructuring will take more than one year on the schedule.
ive got news too....might fly back to the old days, apparently lion steel, anjuu, kinsteel plus perwaja will all merge to become a driving force to be reckon with
bro to be honest....this share on paper looks really bad guys. mainly due to three (3) issues
1) steel prices are downward, while raw materials are on a upward. this will squeeze their promit margin to the max
2) competition in the local environment has increased due to dumping by china companies causing a price war which they cant sustain
3) Lets not forget a industrial heavy company like perwaja uses alot of electricity. point in case is that recently the government raised the electricity tariff. In turn expenses will increased tremendously
That being said. I truly do home Perwaja will be able to pull through after all its done for the country. Hopefully a miracle happens. EG huge contract given to them, or someone burns down the china steel players in china
i had 200 lot of perwaja at 90 sen 500 lot of perwaja-wa at 25 sen,,,all my profit last year lesap in perwaja,,,conman counter. Profit from other counter oso cannot cover lost,,,management makan semua inventory
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 327 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11581 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
noorgreen
660 posts
Posted by noorgreen > 2014-03-24 14:36 | Report Abuse
insider info...good news coming soon.