With RM740mil additional tax, it is safer to sell it now. That’s almost half of the company’s market cap. If Astro want to appeal, they will need to pay the tax first before appeal.
Based on last Quarter result, Astro only got RM158mil cash balance. Unlikely enough to cover the tax assessment of RM740mil. The will need new capital raising exercise and this will dilute minority shareholders.
So far, most analyst still sleeping and not yet write a report on this new RM740mil tax assessment. When they wake up and write, expect the shares to be around 15sen. Half the current price.
Astro and BAT WERE my favourite counters...count my lucky stars I didn't persevere 😂 By now I think few retailers would have gotten burnt la, all sold already
At 29 sen, Astro is grossly overpriced. Can wait to see what could be the next support level. Bearing in mind, Astro represents sunset industry. Getting worse as time passes. Must change business model, perhaps go for internet service provider sort of business.
one soo big and monopoly entertainment and media indusry, now..waiting time to be buried!! padan muka Astro..million people pray for Astro demise. Dulu.. poor people forced to subscribed/pay if wanna watch World cup/ Uefa, etc..
3.27B of debt. Profit 30m . Servicing loan 160m. Sure die. I thought 90c was cheap, now 27c !!!!! PE@46 . If drop to PE 23, price will have to go down to 13.5c. Even than thev3.2b debt is a huge headache
All the pessimistic comments. Congratulations to those that held strong. Fantastic QR results albeit lower revenue. Averaging since 25sens. Target at least above 30sen first level and if this level is broken then it will head back to 40sens. Still got 2 big backers in terms of Khazanah and AK.
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....
DickyMe
14,898 posts
Posted by DickyMe > 2024-07-11 11:02 | Report Abuse
Broadcast policies and holier than thou agitation crippled business entity.
Wonder, how many more businesses will wrap up.