Posted by arsenal93 > 2023-06-01 23:39 | Report Abuse

that's why im asking is it possible to go back ipo price or even higher. global recession is coming but as long as they hit sales target i have no concern on this

Posted by arsenal93 > 2023-06-01 23:42 | Report Abuse

for me aslong as you keep this invesstment for 2 years you will get back almost 95% of fund based on current share price. again only if they hit sales target. based on the latest announcemnt they are 41% of this year sales target (566.4/1.4b). stay tune guys

Posted by arsenal93 > 2023-06-01 23:42 | Report Abuse

not sure how high the price can go but at least it's almost 0 cost to enter now.

Posted by Creszz > 2023-06-03 13:37 | Report Abuse

going to move up soon atleast to 0.66 above

Posted by hng33 > 2023-06-06 10:47 | Report Abuse

After dividend distribution based on completed unit RM 1.3 billion, EWI still have RM 8 billion GDV project for future development

Posted by hng33 > 2023-06-06 10:50 | Report Abuse

EWI target to fully sold all completed unit worth RM 1.3 billion by Aug 2023

Posted by hng33 > 2023-06-06 10:51 | Report Abuse

Upcoming Q result will record massive writeback on earlier impairment on properties investment due to strengthen pound vs. RM

Posted by hng33 > 2023-06-06 12:26 | Report Abuse

The writeback will reflect in P/L and revert back current negative retain earning into positive

Posted by hng33 > 2023-06-06 12:42 | Report Abuse

Current price is only about half if compared to IPO price, and will get back 90% capital back within next 1 year from dividend payout while still enjoy GDV 8 billion undevelop project for future earning.

Posted by yewnamhung > 2023-06-06 15:05 | Report Abuse

up...up...&....go

Posted by Patient Investor > 2023-06-06 20:21 | Report Abuse

the targeted 400 million from fy2024 sales will be retained as working capital, they still got few billion GDV yet to launch project.

I like the management cautious behavior, when interest is low, net debt is high, when interest start running up, they turn into nett cash position within a short time frame. They have the patience to wait for good time to strike.

Posted by hng33 > 2023-06-07 11:18 | Report Abuse

Added more EWI at 63.5sen

Posted by Tibbers > 2023-06-07 15:50 | Report Abuse

0.68 -> 0.84 -> 0.94

Posted by soon9913 > 2023-06-07 23:41 | Report Abuse

next 0.68

Posted by flyhub888 > 2023-06-08 00:11 | Report Abuse

70 sensss

Posted by Michael Kwok > 2023-06-08 00:48 | Report Abuse

Price 63-65cents
Strong resistance 68 cents
Tp 40 range
8/6/23 12.48am

Posted by hng33 > 2023-06-08 23:30 | Report Abuse

1 pound = RM 5.79 (year highest)

Posted by drkelvin20 > 2023-06-09 09:22 | Report Abuse

its now closing in to 5.8...think with current low oil price, uncertainty in politics due to PRN coming soon....I expect MYR drop further in this coming month...
This may be the best moment for EWINT to cash out thier reserve, whatever JV earnings from UK to settle the debt and pay off the cash dividend...

Posted by drkelvin20 > 2023-06-09 09:24 | Report Abuse

this is bext moment for them to cash out and pay back investors, instead of investing further to develop housing project in UK/Australia, which is too uncertain as wiith high interest era/economy downtime...

Posted by drkelvin20 > 2023-06-09 09:25 | Report Abuse

i wonder what is the fair price they will bring up, to justify the IPO investors? RM 1++???
If not, how do they pay back the GUCCO LANd?

Posted by hng33 > 2023-06-09 09:36 | Report Abuse

added balance to EWI, all at 64sen

Posted by RISK8888 > 2023-06-09 10:03 | Report Abuse

Wa so many sifu shouting!

Posted by hng33 > 2023-06-09 11:10 | Report Abuse

After dividend payout RM 900m, EWI still have excess cash RM 450m + undevelop land worth GDV RM 8 billion

Posted by value_seeker > 2023-06-09 12:28 | Report Abuse

Undeveloped GDV @ 8 B ?

Posted by drkelvin20 > 2023-06-09 12:43 | Report Abuse

@ undeveloped land worth GDV RM 8 billion

Anyone know whats the market price for this land ? At least we know the worth of this company 450m + 900 mil, that 1.3 bil...and whats the market value of the land bank left to be developed, then can guess roughly company worth.

Posted by drkelvin20 > 2023-06-09 12:44 | Report Abuse

say if the land bank worth 1 bil now...then overall is close to RM2.4 bil worth, then share price should be at least rm 1??? just rough guess....

really hope it goes back to rm 1++ many IPO investors stll stuck here

Posted by hng33 > 2023-06-09 14:17 | Report Abuse

Q1: What is the remaining working capital
after distributing the targeted RM900
million and what is left in the Company
after the distribution?

A1: Upon achieving our sales target of
RM1.4 billion which facilitates
distribution of up to RM900 million
excess cash to shareholders in year
2023, the Group will still have
approximately RM400 million worth of
completed stocks to be sold in FY2024.
The sales of these stocks will continue
to generate cash for the Group.
EcoWorld London still has 6 ongoing
and new projects which could be
partially funded with debt

Q2: How much is the future GDV of
undeveloped land inventory on hand?

A2: The estimated GDV of the projects that
have yet to be launched is
approximately RM8 billion. After
the proposed capital repayment
exercise, the Group will still have
future phases in 3 ongoing projects and
another 3 new projects in London
which have yet to be launched. As
such, there is still significant value left
within the Group after the proposed
capital repayment.

Posted by arsenal93 > 2023-06-09 20:11 | Report Abuse

super undervalue stock.

Posted by arsenal93 > 2023-06-09 20:18 | Report Abuse

i think this year is the year to enter dividend payout cycle for ewint. MTN loan cleared for EW ballymore , enough fund for EW London. as long as when they start lauching project and get targeted sales high chance we can get dividend every year.

Posted by arsenal93 > 2023-06-09 20:21 | Report Abuse

and if you read the annual report carefully, they mentioned 2 things every year.
1. due to accounting treatment, JV account are not consolidated in Ewint.
2. cash in ewint doesnt include cash held in JV.

keep mention non stop.. i wonder how cash rich at both JV lol...

Posted by hng33 > 2023-06-12 08:42 | Report Abuse

As at 31 October 2022, the outstanding amounts owing by our joint venture companies to our
Company is about RM1.75 billion. As the cash proceeds of our joint venture companies from
the future sales of the remaining completed property units will be utilised to repay these
outstanding amounts owing to our Company, such repayment would not translate into retained
earnings of our Company. Accordingly, given the existing accumulated losses position of the
Company, we would not be able to distribute the excess cash available to shareholders by way
of dividend distributions.

EWI will get back cash RM 1.75 billion once JV company fully repay back its borrowing. In short, EWI in future still have very strong cash flow

Posted by Patient Investor > 2023-06-12 16:01 | Report Abuse

@hng33 thanks for the point, before this I dont quite understand why cant EWINT declare capital reduction instead of dividend to pay shareholders, now I get it....lol

Posted by arsenal93 > 2023-06-12 18:06 | Report Abuse

yes this is due to company law. so this info also telling us the cash flow back from JV to ewint won't declare as dividend received from jv meaning we wont see any 'green green' effect in PNL this year. it will only affect the balance sheet.

Posted by hng33 > 2023-06-14 09:36 | Report Abuse

pound = RM 5.83 (continue breaking record)

Posted by soon9913 > 2023-06-14 14:19 | Report Abuse

another 10% gain once the company changed GBP to MYR

Posted by drkelvin20 > 2023-06-15 07:36 | Report Abuse

today QR out?

Posted by Phoebe > 2023-06-15 14:39 | Report Abuse

If they can't distribute it as dividend, how then they distribute the cash??

Posted by arsenal93 > 2023-06-15 19:04 | Report Abuse

there are 2 scenario we were talking about. cash flow from JV to ewint will be treated as repayment of owing amount to subsidiaries meaning no effect on PNL. to distribute dividend to stakeholders from ewint, they will be using the share cap reduction amount.

Posted by Steve64 > 2023-06-16 04:42 | Report Abuse

Pound has crept up to 5.90 to RM..
whooooo..

Posted by yewnamhung > 2023-06-16 11:14 | Report Abuse

QR when ? ...Dividend when ??

Posted by dragonz98 > 2023-06-16 11:43 | Report Abuse

Date of Meeting on 19 Jun 2023 - For voting proposed reduction of the issued share capital
Dividend will be announced after completion of proposed capital reduction.
Company intend to declare a first tranche of dividend amounting to at least RM300 million ( 0.125 ).

Posted by RISK8888 > 2023-06-16 15:21 | Report Abuse

Bear is coming, run!!!

Posted by yewnamhung > 2023-06-16 15:38 | Report Abuse

Boring !!!

Posted by lotuseater > 2023-06-16 15:47 | Report Abuse

@risk888 - yeah run, get lost from this forum

Posted by RISK8888 > 2023-06-16 21:27 | Report Abuse

Sudah habis goreng! Run before is too late.

Posted by lotuseater > 2023-06-16 21:37 | Report Abuse

So, have u run? Have u sold yours? No need to spread panic and hope to buy cheap. This type of old tricks don’t work. Please lah.

Posted by Abrahmi > 2023-06-16 21:52 | Report Abuse

Please explain

Posted by RISK8888 > 2023-06-16 22:51 | Report Abuse

Always goreng sekejap, then go down for long long time.

Posted by lotuseater > 2023-06-16 23:59 | Report Abuse

if it's that bad, then why are u still here? Get lost then.

Posted by RISK8888 > 2023-06-17 07:56 | Report Abuse

I stuck in this Ewint for years, waiting to get back my money.