The price of Ecoworld International recovered from the low recently, look like the worst should be over ! Looking forward to some good news from the company ie restructuring, good results, dividend etc.
There should be a change to its management in the UK's operations to improve its lackluster performance? There is no point of getting any awards and accreditations when the Group can't be profitable
Nope, 2.4 b of issued shares. RM900 m of excess cash at later part of 2023 or 37.5 cents with all the projects completed. For IPO shareholders that invested RM2.4b in 2017 vs RM900m excess cash in 2023, that's negative return of their investments
That's why RM900 m excess cash after 6 years of RM2.4 b investment is bad. If they are good, they already turn the RM2.4 b investment to RM3 or even RM4 b excess cash
The latest results announced quite disappointing but encouraged higher turnover & positive cashflows, the latest share price has not dropped but stabilise with support funds. This results could be partly due to poor economy of Europe especially UK etc. The company's fundamental value still there & not type of company for pump & dump, really need more time & passion for this counter for the wisdom of top management of Ecoworld to perform better.
Please read announcement on presentation n report on ewi web...
It look marvellous performance. Cash generated mainly from 100% EWL n Australia only, make EWI in net Cash position on 2022. Coming 2023, more Cash surplus from EWL n partly EW ballymore (75% sub ). Target RM 1.4B sales may generate more Cash income on 2024 mainly from EW Ballymore.
Year 2023 to 2024, it will be the dividend payback 2 years, trusted IPO investors may get back all of their investment amount together with remaining projects in UK with zero cost...
Who say the poor management teams, better stop now... They did excellent job actually.
This is what I saw from report n read through in details with thoughts... Let fine tune it n patient a bit
All of UK n Australia projects are selling well.. especially EW Ballymore over 90% sold n at coming 2023, will be 100% sold out similarly to Australia. It will bring more Cash income.. EW Ballymoney is 75% Subsidiary, their project will be only taking into account when fully completely n sold...
Huh? Not that IT savvy. However i think you get more info in the Ewint presentation report if you haven't done so. There is many good info there and they summarise it into 8 pages only.
Glad you take time to look into the report. Not only that. The so called cash payout is after they set aside money for the borrowing and the EWL project which means they will be net cash and currently the cash payout has not accounted of potential future revenue and profit for EWL which doesn't require anymore capital. The little downside is only the strengthening of RM against GBP If they really distribute the surplus cash, my own target is between 30c to 35c of special div.
They also did mentioned the 70+million impairment that hit the last Q potentially reversible in the future if the market condition turn ok. Not sure how it works and to me....it is something positive.
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....
Cheah5555
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Posted by Cheah5555 > 2 months ago | Report Abuse
The price of Ecoworld International recovered from the low recently, look like the worst should be over ! Looking forward to some good news from the company ie restructuring, good results, dividend etc.