Posted by csan > 2023-03-02 01:27 | Report Abuse

taitaumau, oh yes i missed that associates part out. so there is actually still another RM25 million not in the net assets of the balance sheet yet? well, now should be RM15 million after warranty claim and this would make the net assets approximately RM0.54. is that right?

Posted by taitaumau > 2023-03-02 08:17 | Report Abuse

csan, you are right. i do hope that all other things remain unchanged !

Posted by speakup > 2023-03-03 08:26 | Report Abuse

Bstead going privatise at 0.855.

Bstead nta 1.62. Net debt 6.85Bil. Share price 0.655.
Insas nta 3.16. Net cash 789Mil. Share price 0.77
Kseng nta 6.74. Net cash 1Bil. Share price 3.53
Insas & Kseng look juicier for privatisation than Bstead.

Posted by csq9883 > 2023-03-03 09:46 | Report Abuse

should i keep litrak stock or sell it?

Posted by speakup > 2023-03-03 10:26 | Report Abuse

Your call. Your choice hold or sell.
As I say the big money already made in LITRAK. You can still make money, but small money now

Posted by csan > 2023-03-03 14:40 | Report Abuse

49.5sen to 54sen is not small money. just be aware of the risks pointed out by taitaumau earlier. but i do think the market is wrongly valuing it by taking the latest net assets and deducting RM10 million from that. they forget that there's another RM15 million that is hidden away. anyway, these kinds of pricing mistakes is how some of us can make money.

Posted by speakup > 2023-03-03 14:49 | Report Abuse

4.5¢/share isn't a lot unless u buy in big bulk.
Before this, we make over rm1/share

Posted by csan > 2023-03-03 14:51 | Report Abuse

lol 4.5sen the risk also 4.5sen, rm1 also the risk rm1. stock market is not genting casino.

Posted by taitaumau > 2023-04-06 18:48 | Report Abuse

Good News !!!
Reference is made to the Company’s announcements dated 13 October 2022 in relation to the completion of the Disposals.
The Board of Directors of LITRAK Holdings wishes to announce that the Company had on 6 April 2023 received an amount of RM57.94 million from ALR representing the balance of Government Compensation Receivable pursuant to the SSPA.
With that, other than the Retained Amount in relation to the ALR Warranty Claims as announced by the Company on 4 April 2023, all proceeds from the disposal of LITRAK have been received by the Company.
This announcement is dated 6 April 2023.

Posted by samanthalee1024 > 2023-05-29 19:02 | Report Abuse

net asset per share of 0.5465 in the unaudited report.. if buy in at price of 0.50.. Will have earning of 0.0465 during asset distribution?asset distribution?

Posted by csan > 2023-05-29 22:56 | Report Abuse

taitaumau, u got the sprint equity accounting right. brilliant stuff. very nice to work with people like you instead of those saying 49.5sen hahaha

Posted by csan > 2023-05-29 22:59 | Report Abuse

samanthalee1024, no. it will be around 52-53sen. because there is some dilution from exercise of ESOS. 52-53sen assumes the RM1.7million interest per quarter remains the same in the upcoming quarters. but its likely to be a little higher because of OPR hike.

Posted by csan > 2023-07-18 15:34 | Report Abuse

litrak will get the court order in 2 days on 20 july. and the capital repayment should be made around 1 month from 20 July.

Posted by Syndicates > 2023-07-20 21:51 | Report Abuse

20th July already. No announcement?

Posted by speakup > 2023-07-21 07:42 | Report Abuse

really dont understand you guys.
speakup sold Litrak and move to Wce. but you guys still hanging on Litrak which has no meat left. You are missing out on opportunities by hanging onto Litrak.

Posted by Syndicates > 2023-07-21 08:42 | Report Abuse

appetite difference. earn extra income with zero capital when you receive dividend

Posted by csan > 2023-07-24 16:36 | Report Abuse

syndicates, it was somehow changed from hearing to case management on 20 july. the order is now scheduled to be given in 2 days on 26 july.

Posted by samanthalee1024 > 2023-07-27 14:55 | Report Abuse

email is out

Posted by Syndicates > 2023-10-19 20:00 | Report Abuse

when take back money?