Most likely warrants would just lapsed. The Company does not need any funding especially for Ballymore and its Australian's subsidiaries. For new projects, with low net gearing of 0.18x as at 31/7/21, they could easily raise funding with low interest rates. Bear in mind, with many projects handovers soon substantial cash inflows are coming
They issued free warrants for subscription of IPO shares. This is a sweetener but they don't need it to be subscribed as they knew that don't need additional funding. They just need a bridger fund for the initial projects
Well done Warchest...I am also waiting for it to break the 2year high. Projects delivered, collet money, reduce gearing, repatriate funds and distribute cash/dividends to loyal long time shareholders. Last Qtr should be reveal gd results...hoping Future looks bright for property in London...
No worries, fundamentals and business are intact. Just wait and all be alright. Ewint will follow as high as Ecoworld. Just matter of time. See the chart and u know is coming. Slowly but definitely
Anyway, the value proposition is we are having overseas properties in UK and Aus. Something that differentiate from other property developers in Malaysia
Friday (22-10-21) has the greatest volume of 200,877 shares done so far, Monday (18-10-21) 52,880 shares done , (20-09-21) 40,200 shares done. the rest of the days all below 30,000 shares done. may be good news is coming. expect the company makes very good profit for the quarter ended 30-10-21. (Houses completed and delivered)
Something good is brewing, for sure. Highest volume in quite a while compared to previous days/weeks. !! .
Here are the positives:
a) Last Qtr push to deliver units - translate to higher sales, profits for yr end 21 & hopefully bumper dividends.
b) Reduce borrowings with incoming cash-flow. Lower gearing, lower interest costs.
c) BTR projects doesn't need huge capital outlay cos financed by insurance company/investor and paid according to stages of completion. Different from open mkt sales - after delivery only receipt of $$ and huge bank borrowings in interim.
d) UK market for houses are short of ~ 1 million units unlike overbuilt Msia scenario. Huge potential for those with landbanks ( EWI has enough to last a decade). Building into a mkt deficit. is always a boon for developers.
e) No need for 10% mandatory bumi discount unlike locally . They can sell to all and sundry at mkt price. No price differentiations, only quality differentiations. Best player wins.
f) No hidden gomen agenda, clear property act, land and legal laws. No flip-flops and sudden surprises. Lower cost of doing business. Translates into higher profits.
g) High inflation - property play in motion. Recent trends indicate drift towards property as an asset class to shield against inflationary pressures. Demand curve in UK versus oversupply locally.
h) Last few years experience in UK/Aus will lend a load of expertise to navigate for future. No other Msian listed company has abv mgmt & qualities & landbank to deliver.
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....
warchest
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Posted by warchest > 2021-10-03 00:23 | Report Abuse
Most likely warrants would just lapsed. The Company does not need any funding especially for Ballymore and its Australian's subsidiaries. For new projects, with low net gearing of 0.18x as at 31/7/21, they could easily raise funding with low interest rates. Bear in mind, with many projects handovers soon substantial cash inflows are coming