I think not bursa mistake but company mistake. don't think it's bursa job to read the report and extract the number. most likely company provide the result summary table for bursa to post.
CharlesT Post betul betul lah bursa...loss 27 cents per share...not earning 30/03/2018 18:55
Based on the latest QR (as at 31.01.2018) announced last night
quoted in 000' Share capital 70,000 Share premium 25,745 Revaluation reserves - Translation reserves 614 Retained profits 2,281 Total equity attributable to equity holders of the parent 98,640
The above financial position is prior to payment of 45 cents special dividend (63 M).
Companies Act 2016 Section 131(1) says - Distribution to shareholders could only be made out of PROFITS.
Anyone can assist to enlighten:-
How the company is able to comply with the said Section. TQVM
Gross profit 9,719 Other operating income 1,652 Other operating, administrative, selling and distribution expenses (49,670) Loss/(Profit) from Operations (38,299)
After disposed BCM,NTA has been reduced from 0.95 to 0.70.Current cash in hand is 109m.Dividend 63m will be deducted once paid.Their short & long term loan is 10m.So net cash will be 109m-63m-10m=36m,which is equivalent to 0.26 per share. Tomorrow the price will be revised to 0.29.Which mean the business worth 0.03.I don't have any shares now but good luck to those who still hold it.As long as you hold until 30/4,then your name will appear on T+3.So you are still entitled for dividend even you sell tomorrow
Loss or profit that was passed. Important is future.
SIMS segment have submitted bids and proposals with the total project values of approximately RM600 million, we are confident in securing these projects in the coming financial year. If awarded, these projects will contribute significantly towards the financial performance of the Group in the future financial years. For our renewable green energy project in Kuang, we have passed Initial Operation Date (IOD) with TNB. We are currently undergoing the Commencement Operation Date (COD) test with SEDA and we expect to complete in April 2018. Barring any unforseen circumstances, we are expecting the FiTCD (Fit-in-Tariff Commencement Date) to be in April 2018. We are hopeful with the commissioning of our advanced gasification green energy system at our Kuang plant, will open a new corridor for us to tap on quickly the vast potential of the demand for our green energy generation system in the region.We are currently negotiating 2 green waste management projects in Vietnam and 1 green waste management project in Brunei and hope to conclude the contracts in 6 months time.
As long the management still holding on for some news or future contract sure will continue goreng one... but be levelled and identify where is the next Tp and bottom then only enter lo.
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....
skyrider
486 posts
Posted by skyrider > 2018-03-30 21:16 | Report Abuse
More negative qtrs to come, and 20 sen is coming.