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.
yes, based on what is given in report, depending on the furture sale, its expected rm 900 mil will be distributed to shareholder by late 2023, a i right?
I hope they pump up to rm1+ or more...once devidend out, the share price writen off the divend will be around 80 sen+, fall back to previous EWINT share price, and also 80 sen+ which may not look bad on property stock counter...
They need to pay off the early investor, the GUCCO Land (kuok family) and retail investors who invested since day one at rm 1.2.... Just my opinion and hope...
i belive most retail that stuck since years ago had sold their ewint . now is another round for the share price to go up considering the weak holder has unloaded
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
188 posts
Posted by Cheah5555 > 2022-12-19 17:19 | Report Abuse
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.