Posted by soon9913 > 2023-06-28 00:36 | Report Abuse

next quarter shall declare 1st tranch of div 0.125

Posted by RISK8888 > 2023-06-28 08:16 | Report Abuse

Already mention many times, by late 2023. As long as within 2023, means they no break promise lor.

Posted by kathee > 2023-06-28 08:50 | Report Abuse

Not sure how much fr 300mil , everyone guessing only 0.125

Posted by drkelvin20 > 2023-06-28 09:38 | Report Abuse

construction biz and housing price have certainly taken into account of build cost+interest over a period of years before final sale...thas how they make profit and sustain thier biz...

the buyer needs to pay for interest of build cost during the construction before they get the key, i believe its the same else where

Posted by drkelvin20 > 2023-06-28 09:39 | Report Abuse

the profit margin of 20% should have taken into account of all those side costingss for sure...otherwise, how the industry survive?

Posted by drkelvin20 > 2023-06-28 09:41 | Report Abuse

KUALA LUMPUR (June 21): Eco World International Bhd posted a narrower net loss of RM4.56 million or 0.19 sen loss per share for the second quarter ended April 30, 2023 (2QFY2023) compared with RM67.35 million or 2.81 sen loss per share a year earlier.

The improvement was due to higher foreign exchange (forex) gain as the British pound strengthened against Ringgit Malaysia, higher interest income following capital contribution repayments from the UK joint ventures and lower finance costs due to the group’s progressive repayment of loans.

In the previous year's corresponding quarter, the group provided an impairment loss on the investment in its 75%-owned Ecoworld Ballymore, EWI informed Bursa Malaysia on Wednesday.

For the nine-month period ended April 30, EWI trimmed its net loss to RM35.38 million from RM82.01 million a year ago.

Compared with the immediate preceding quarter, EWI’s net loss decreased from RM30.82 million in 1QFY2023, as revenue increased from RM22.37 million.

Looking ahead, EWI said it is on track to achieve its full-year target sales of RM1.4 billion with total sales including reserves of RM918 million achieved as on May 31. It added that its focus on selling its completed stocks have generated substantial cash.

“Since turning net cash positive in 4Q FY2022, the group’s total cash, deposits and other investments have further increased to RM922 million (excluding cash held at JV entities) as on April 30, 2023. This exceeds remaining borrowings by RM652 million.

“Including the group’s effective share of net cash balances at JV entities, the group’s total net cash balance stands at RM727 million as on April 30, 2023. This is a 218% increase from the net cash (including cash at JVs) position as on Oct 31, 2022,” the group said in a statement.

EWI added that given that sales of its remaining completed stocks are the key determinant for distributions to shareholders, the group will continue to offer attractive incentive packages to buyers and maintain its marketing campaigns, as well as exploring various options including bulk offers to accelerate sales.

“These initiatives are expected to sustain the sales momentum enabling conversion of remaining stocks to cash despite the softening in real estate demand following hikes in interest rates and cost of living pressures in the UK and Australia,” it said.

EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

Touching on the group’s proposed capital reduction of RM1.5 billion, EWI president and CEO Datuk Teow Leong Seng said the majority of the group’s shareholders voted in favour of the exercise at the extraordinary general meeting (EGM) held on Monday (June 19).

“With the approval of our shareholders secured we expect to be able to complete our proposed capital reduction by August 2023.

“Thereafter, based on the group’s substantial net cash reserves of more than RM700 million accumulated as on April 30, 2023, we are well on track to be able to declare a first tranche dividend amounting to at least RM300 million in the near term,” he added.

EWI closed flat at 60 sen on Wednesday, valuing it at RM1.43 billion. Year-to-date, the stock has risen 50%.

Source: TheEdge - 22 Jun 2023

Posted by drkelvin20 > 2023-06-28 09:42 | Report Abuse

*****EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

Posted by drkelvin20 > 2023-06-28 09:47 | Report Abuse

From the announcement--THE EDGE--

EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

What I understand from this statement appearing in thier Second QR report (ended April23), they will dispatch all divident in 2023! GIven THird Quarter ends in JUly (Report out in September), and Four Quarter end in October, report out in December23, we can more or less reasonably expect that the dividends should be dispatched by end of 2023, first tranch may happen in September when QR (for third Quarter) out, and the rest may happen when last QR out in December (for four Quarter)....

Just my own suggestion, not a buy call or sell call....they do mention it depends if theu hit the sale target of 1.4 bil full year

Posted by drkelvin20 > 2023-06-28 09:48 | Report Abuse

I would only worry if they no keep thier promises by this year, citing different reasons to delay dividend payment...if that happen i will be worry...but so far in different announcements, they stick to thier words mentioning dividends to be paid by 2023

Posted by drkelvin20 > 2023-06-28 09:52 | Report Abuse

they have made several announcement dividends will be at least 900 mil in 2023....if we look at the timelines---Third Q end July (report out Sep), fourth Q ends October (report out Dec)....These could be the final timelines they finally dispatch our dividends.....if they hit the jackpot, they may dispatch more than 900 mil, which means we will be getting more than 37.5 sen ...

Say if we finally get 37.5 sen...share price remain 50-60 sen...thas still a lucrative deal for those recent buyers (orther than IPO buyers), they do mention, there is no adjustment of share price,,,,,and one of the investment bank analyst keep taget price of 60+ sen....50-60 + sen and dividend of 37.5 sen...still acceptable....except for those IPO buyers....

Disclaimer: Just my own analysis, not a buy call or sell call...

Posted by drkelvin20 > 2023-06-28 09:53 | Report Abuse

above is only my guess, we will have more facts in September/December...

Posted by RISK8888 > 2023-06-28 10:38 | Report Abuse

Halo drkelvin, obviously this company had overprice thier product, means 20% pun tak boleh dapat. see over the past few qtr, they keep on give discount, impairment of stock value, all these means thier pricing is over stated. now selling all stock at no margin or negative margin. 15bil of revenue achieve over the years, satu sen profit pun tak boleh dapat. ada pun use up to pay salary and interest. shareholder get what? get back only the capital saja, mana ada share profit? talk shit only la.

Posted by RISK8888 > 2023-06-28 10:42 | Report Abuse

now capital pun tak boleh get back. initial IPO raise almost 3bil to grow uk business. now planning to give back only 900mil. already declare 144mil 2 years ago. total 1044mil, so where is the another 2bil pergi? sell all asset plus underwear can get back the 2bil capital? boleh kah?

Posted by drkelvin20 > 2023-06-28 10:55 | Report Abuse

Hi @RISK8888,

there is no absolute winning formula in share investment...properties, morgages are not like before 2016 where property market is sky rocketing, these last 2-3 yearr properties badly affected plus high bond yeild, interest rated by US side and all over Europe, property market is very very tough...construction cost is super high, plus loan installment interest is also very high...

These are the risks in property stock i think

Posted by drkelvin20 > 2023-06-28 10:58 | Report Abuse

But on other hand, if i recall right, all thier properties in Australia and UK, or most of these houses/condo units they built, they done completion, or near completion before COVID/before US hike the loan interest, or before the high inflation hitting us globbaly...

In this case thier construction cost are not affected much due to COVID/inflation/high interest/....Only affected is the sale....therefore the sale is dragged on abit...

This is the possitive side

Posted by drkelvin20 > 2023-06-28 11:02 | Report Abuse

And they also realized the tough market and uncertainty ahead, therefore, they pul the brake recently and movng for capital reduction to pay off, while keeping just some for future opportunty without...

this is a good sign... as they decided to cash out and pay back share holders....and only keep some for future opprotunty....

Where this capital reduction, plus the share worth of the company , can compensate the initial IPO value, it remain to be seeen.....

And whether there is a risk or reward down the road...no one can tell for sure lah...

We just have to decide, either to sell or keep, or buy....al risk on own loh...

if you think company is not doing well, can just sell at this current price also can...since its aleady up from 20+ sen...

Disclaimer: only own analysis here, not a buy call or sell call....above serve as own opinion only

Posted by RISK8888 > 2023-06-28 11:35 | Report Abuse

Good point good point, it depends where you stand. At 0.2 cost is a sure win, laughing all the way. However at 1.20, crying all the way to longkang.

Posted by drkelvin20 > 2023-06-28 11:53 | Report Abuse

@Risk8888, furtunately their construction not begin in COVID...if they tag the house price before COBVID, and construct the house/condo units during COVID/post COVID, then they could be in big trouble now...

But I think they are not....its thier luck they build before COVID mostly...and thier selling price cannot be too lower too, because of people recognition the impact of inflation globally...So i don;t think they sell much below market price...there isn;t that offer post COVID/russia war, due to high material costs, so i beleive they will still make good profit despite so call attactive offers to sell thier units...

Post COVID, inflation gone up too high, cannot expect much below market price property, especially in Australia and UK...

I hoope I am right

Posted by drkelvin20 > 2023-06-28 11:56 | Report Abuse

@RISK8888, you are right, two sides, those went tin around 20-30 sen, those bought IPO...two extreme...but i believe those bought 20-40 sen, they also invested at much higher price...i also beleiev those inevsted at 1.20 IPO price, they have also averaged down the way...so i think the share price of 60 sen++ is actually attractive, given thier promised pay out of at least 37.5 sen by 2023....

Disclaimer: own opinion/analysis ONLY, not a buy call or sell call.

Posted by warchest > 2023-06-28 16:36 | Report Abuse

But is what we are advocating for all these years, to recoup capital to repay the shareholders. Going forward, is not easy but if they can capitalise on their expertise, brand, reputation and partnerships to move into another phases of growth then perhaps we can see much more upside in this investment. Perhaps, one day we can finally recoup RM1.20 or more

Posted by drkelvin20 > 2023-06-28 17:15 | Report Abuse

@warchest.....share value post adjustment...i thought the capital reduction exercise does not involve share price adjustment? they do mention in thier announcement that the capital reduction does not involve share price adjustment...

Not like dividend, as share price will adjustment... this one done through reduction of capital + reduction of share number?

I could be wrong, but i see somwhere they mention no share price adjustment?

Can correct me?

Posted by RISK8888 > 2023-06-28 21:46 | Report Abuse

Company no make profit how to declare dividend? So must do capital reduction exercise lor. In short, they repay capital back to you. Very shy after sell 15bil property cannot make 1sen profit ma. So bagi balik 30% capital to cool down angry shareholder.

Posted by RISK8888 > 2023-06-28 21:48 | Report Abuse

Hard to imagine, working so hard pressing day and night. To squeeze 900mil out to pay back 30%. How to hope can get back 100%?

Posted by soon9913 > 2023-06-29 21:53 | Report Abuse

I think you will get back 50cents in total by next year. now price is cheap... u can get the biz by 8cents only

Posted by RISK8888 > 2023-07-01 19:24 | Report Abuse

What is the business means if don’t make profit building houses? 15bil sales, where is the profit? Been selling houses since 2013.

Posted by RISK8888 > 2023-07-01 19:27 | Report Abuse

BTR also loss money. I tot they only in charge of building and cost was paid by investor. End up with losses, really funny. So do for fun only lor. Better don’t do. Do more loss more, better return all capital and close shop.

Posted by soon9913 > 2023-07-02 02:18 | Report Abuse

they use their money into the project. you can refer to the nta

Posted by soon9913 > 2023-07-02 02:18 | Report Abuse

actually u can just sell it if u r not interested to their biz lo.. why wasting time

Posted by RISK8888 > 2023-07-02 11:06 | Report Abuse

No, I’m not wasting time. I’m here to comment on the business prospect. Judge base on past performance.

Posted by RISK8888 > 2023-07-02 11:15 | Report Abuse

We want to get the best return from investing. Now giving a choice, to choose between repayment of capital or reinvest for growth. My suggestion is repayment is a better option and best for shareholder.

Posted by RISK8888 > 2023-07-02 11:18 | Report Abuse

Instead of repay 900mil, I would suggest to dispose the entire business and pay back all available fund to shareholder. Got it? Maybe can get 2bil repayment after sell off the business. Good isn’t it instead of getting 900mil, we can get more ie 2bil.

Posted by RISK8888 > 2023-07-02 11:21 | Report Abuse

To me, continue to sell houses that not making profit make no sense. And after selling 15bil also cannot make profit, giving another upcoming 6bil sales won’t make any different. The only ppl who benefit is director who get millions of salary. Got it?

Posted by RISK8888 > 2023-07-02 11:22 | Report Abuse

So capital repayment 900mil vs 2bil. Which one you choose? Think rationally.

Posted by arsenal93 > 2023-07-02 15:26 | Report Abuse

totally understand your frustration cuz you're IPO buyer. We are talking current share price based on the dividend expected to get within next 2 years. no brainer deal

Posted by arsenal93 > 2023-07-02 15:27 | Report Abuse

and you keep complaining about business model, can you recommend other better stocks to get such dividend? free tickets.

Posted by arsenal93 > 2023-07-02 15:28 | Report Abuse

seems like you already cut off this ewint and hope that the price wont go up hahaa...

Posted by RISK8888 > 2023-07-02 16:02 | Report Abuse

U still don’t get what I mean. I say it is better to give us 2bil cash dividend instead of 900mil. Understand?

Posted by arsenal93 > 2023-07-02 18:22 | Report Abuse

frankly speaking i do not understand your statement.. 2b cash dividend in one shot might as well privatize the company based on current share price.. we are on different perspective on this issue. since you already run away from this counter, there is no point we argue on this. i agree that property market is down but do not agree with you that 60cents for this stock is expensive and no hope.. once we get the dividend its free ticket and i believe that this company will NOT go below 10 cents after distribution of dividend.. lollllll

Posted by RISK8888 > 2023-07-02 19:52 | Report Abuse

Did I say 60sens is expensive? My point is they are now cashing out all the stock. Once complete sell off all unit, they will return part of the capital to share holder (900mil). The remaining will keep for future development. The so call remaining I guess should be around 1.1bil. In total 2bil cash will be obtain from selling remaining unit in hand.

Posted by RISK8888 > 2023-07-02 19:53 | Report Abuse

What I suggest is don’t keep the 1.1bil for future project, give all cash to shareholder because their project not making profit and point to proceed with it. Just sell off the business close shop after giving back all cash to share holder.

Posted by RISK8888 > 2023-07-02 19:55 | Report Abuse

2bil cash dividend to shareholder equal to around 80sens. Then maybe dispose the lousy business can get 300mil means another 12.5sens after closing down the company back to shareholder.

Posted by RISK8888 > 2023-07-02 19:58 | Report Abuse

Ini macam baru betul. So susah to cash out all stock, end up put back into the loss making business for what? Already cash out fast fast give back all money to shareholder. 15bil sales cannot earn single sen profit, upcoming 6bil development won’t make any different.

Posted by Phoebe > 2023-07-02 20:09 | Report Abuse

Lol ....u think selling 2B business is like selling vegetable in the market? So easy to dispose the entire business.

Posted by arsenal93 > 2023-07-02 21:39 | Report Abuse

he is funny lol.. sounded like throwing tantrum here..

Posted by RISK8888 > 2023-07-03 10:33 | Report Abuse

cash in hand 700mil as at 30/4. balance unit on hand is 1.2bil (target to sell 800mil by oct23) remaining 400mil to sell in FY2024. by then total cash achieve is 700mil + 1.2bil. Which is close to 1.9bil cash in hand. So why cannot achieve 2bil?

Posted by RISK8888 > 2023-07-03 10:38 | Report Abuse

Now their plan is to return 900mil and retain the balance for growth. Grow what? better close shop and give shareholder back all cash. sell off the business after that, maybe can get extra 300mil. how to i get the 300mil? basically autralia land already worth 150mil. another 150mil should be able to get from selling ecoworld JV in UK.

Posted by RISK8888 > 2023-07-03 10:39 | Report Abuse

All in all, 1.9 bil cash repayment + disposal of business 300mil. total 2.2bil. i'm happy with that. rather continue do unprofitable business. Management please wake up.

Posted by Patient Investor > 2023-07-03 14:46 | Report Abuse

Personally I prefer they dont distribute the 900million and keep as warchest. There will be a lot of good deal when enter recession.

Posted by RISK8888 > 2023-07-03 17:48 | Report Abuse

Keep the money to pay their salary la. Don’t waste time la management.

Posted by drkelvin20 > 2023-07-03 18:55 | Report Abuse

think we are fine with both way, cash out all or at least cash out some...If they cash out all and payback investors, many willl be happy, somewill be ok too for thier current proposal to cash out partially...

But to let them to keep all and continue to roll...better not, the longer they roll, the higher the risk....

there are too much uncertaintly, and they should just dispatch most of their cash reserve, no doubts, they should do it...no one can tell when is next economy crisis