According to Pelikan, from the RM399.33 million proceeds, RM200 million will be used to repay bank borrowings, RM161.93 million will be used for working capital and RM24.6 million will be used for internal reorganisation. That leaves RM12.8 million from the proceeds.
Per 31/12/2020 , accumulated loss at company level is $250 mil. The gain on disposal is $185 mil which is not sufficient to offset the accumulated loss . Logically the company still can’t pay dividend unless share consolidation or capital reduction happens. Can anyone comment?
According to Pelikan, from the RM399.33 million proceeds, RM200 million will be used to repay bank borrowings, RM161.93 million will be used for working capital and RM24.6 million will be used for internal reorganisation. That leaves RM12.8 million from the proceeds.
Flag breakout at 0.40 today. Tp = 0.40 + (0.455 - 0.36) = 0.495 only. Dont sleepwalking tomolo morning. It will drop after hitting 0.495/0.50 b4 mid morning n take yr balls down with it.
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....
ronald118
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Posted by ronald118 > 2021-07-09 12:17 | Report Abuse
According to Pelikan, from the RM399.33 million proceeds, RM200 million will be used to repay bank borrowings, RM161.93 million will be used for working capital and RM24.6 million will be used for internal reorganisation. That leaves RM12.8 million from the proceeds.
12.8m for special dividend 608m shares= 2 cents