So my point here is, i beleive most of us in same fate, stuck around 50-60sen++ having some surplus due to now 34sen+33+6 sen dividend...
but we need to admit, this is a lousy investment!!!!, 7 years, if keep your investement in bank, you can have 30% added on your initial investement amount..
Unless, CUCCO Land, TanSri GLC step in, inject more, coming our more plans, otherwise...its a failed company, going to be holding company with all management sitting there burning the money until the group retired.
Wow, finally you people recognise the failure of the management. Selling 20bil properties and not getting a sen profit over the years. Non stop impairment, cash burning paying big fat salaries. Faster tapao, earlier better.
hi RISK8888, dude, not finally, most of us know this isn;t a very successful investment after fiorst few years, but thanks to the stratagey to average down, many of us having some gain due to averaging down..not much though, but the gain is like compensating our investement + interest....so we aren;t too upset... and because the fact the current share price + dividends, already exceeed most of our averaged down buying price, so we are in comfort zone dude.
I never say this is a good investment from day 1....its crystak clear this is a lousy company led by lousy management....only the thing is how do we get back our investment plus return, and most of us have it back, so its lesson learn, then we contonue sit on here on board to see how it goes...
RISK8888 dude, i am very sure only very few will think this company is a good investment..i am sure also...if the share price plunge below 25-30 sen, most of us will run....thas because we all, most of us, we have no confidence in it... we are are just riding on the current surplus now...
dude, you didn;t average dowb, thas big mistake, and now is too late...thas difference between us....but i agree with you, since 2-3 years after IPO investement....i 100% agree with you, this is a lousy company led by lousy management...who probably just cling on to enjoy fat pay, fat allowance etc..
Many of us already recoup investment fund+ interest....i hope the big share holder like CUCCO Land, also recoup enough, otherwise, CUCCO Land+TS GLC is the bigger loser here dude...thier investment is much larger than yours dude...
and on the other hand, some of us decide to cling on here, we bear some hope, if the current big boss TS LKS give up this, and CUCCO PLD with more capital fund to shape the future, then i see there is slight hope where in 2-3 years time (when property boom again), the share price will go up to Rm 1+++ under new leadership...
If the company remain with the TS LKS and his geng, you can expect the similar trend in share price...the guy will sell at high before dividend, and buy after x -date, to make that different gains....lowest level of money making tricks.
----- Diclaimer, above all are personal jurisdiction, not a buy call or sell call...not targetting on any individual....above is story telling
Although Eco World International Bhd (EWI) is loss-making, the property developer, which has a presence in the UK and Australia, is set to continue paying out dividends for the current financial year ending Oct 31, 2024 (FY2024).
According to Maybank Investment Bank Research, EWI is likely to pay another RM600 million, or 25 sen per share, as dividends in FY2024. For FY2023, the property developer has paid out RM792 million and will be paying out RM144 million on Jan 17, 2024, bringing total dividends for the financial year to RM936 million, or 39 sen per share.
Maybank IB Research’s forecast dividend per share of 25 sen translates into a yield of 81.9%, based on EWI’s share price of 30.5 sen last Friday.
EWI has been in the red since FY2022, reporting losses after tax (LAT) of RM234.42 million, on account of the challenging operating environment as central banks around the world embarked on monetary tightening and higher costs as a result of the Russia-Ukraine war, tight labour market and supply chain disruptions. Because of these factors, cost revisions were required on several ongoing projects, which reduced gross margins.
For FY2023, its LAT narrowed to RM85.37 million.
Nevertheless, the group strengthened its balance sheet on the back of stronger sales, turning net cash in FY2022. Its net cash position improved to RM295.24 million as at Oct 31, 2023, from RM172.53 million a year ago.
In its latest quarterly financial statements, EWI said it aimed to sell completed or nearly completed houses worth RM850 million as at Oct 31, 2023, in FY2024, and distribute the excess cash generated (net of working capital requirements) back to shareholders. It added that launches for its “remaining sites continue to be put on hold”, pending feasibility reviews, given the weak sentiment among homebuyers and significant cost inflation.
Maybank IB Research, the only brokerage covering EWI, expects the group to remain loss-making until it decides to launch new projects. It has a “hold” call on EWI, with a target price of 26 sen.
I’m waiting them to privatise and pay back remaining capital to me. Since they holding back new launches, the valuation will be more straightforward to work out for privatisation.
don talk like a kid la. risk888. go goreng your aax or whatsoever. And to remind you, you think 1 million ringgit for a ceo is huge. That is not a fat salary. broaden your mind before you come to spread your broken vibes. invest your mind, do you think they bother to pay you this 39 sen of dividend while they can keep within themselves? 2.8 billion of funding and i see they have finished a 10 plus billion work. debt free + land bank+ retained earnings. Don't make here stinks. Cry to your mama while not averaging down your pricing.
ya plantamen. like ur name. easy to melt when hot. run now before it is too late. This name fit you well. and to remind you, business has it cycle. you don't have to run your "business" everyday to remind you are actually doing ok. cash flow is the bloodline, the most important factor in business. sometimes, it is better not to do than do a lot. again, broaden your mind with risk888. You guys should be in a pair to go for some random online invest101 class
The 5 projects in London though yet to kick start, but in planning stage. working capital will be raised through bank loan as company is in net cash position. :D
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....
drkelvin20
674 posts
Posted by drkelvin20 > 2024-01-17 09:48 | Report Abuse
So my point here is, i beleive most of us in same fate, stuck around 50-60sen++ having some surplus due to now 34sen+33+6 sen dividend...
but we need to admit, this is a lousy investment!!!!, 7 years, if keep your investement in bank, you can have 30% added on your initial investement amount..
so this company is a failure.