i believe many who invested earlier at during IPOtime, has more or less averaged down now, so its not very far compared to current price...and I think also not many just bought at 20-30 sen...coz those who keep following the share price movements, normally are those who invested since early days...we cannot be that lucky to have bought at lowest 20-30 sen only...
those who realixe the share price bottom at 20-30 sen, are normally long term investors who have inevsted since early days and therefore they keep monitoring and were able to buy back at lower price...
i think, just my own opinion, not a buy call or sell call ya, just my opinion, and you can call this my dream....the share price may sstill possibly go some higher, say to >70-80 sen++.
This is because the IPOprice were rm1.2, so they gotta make sure the share price + capital reduction gain exceeding the IPO share price rm 1.2...
the TS LKS cannot just leave this stock like nobody stock and remain 20-30 sen++. GuocoLand has invested in there since IPO, and they cannot ignore the GLL... GLL owner is a banker, if TS LKS (the ECOWORLD owner) keep the stock price this low ...GLL will be affeccted
so it only make sense for the TSRI LKS to take the price slowly up to where it belongs too... he has to face a even bigger tycoon than him....imagine he upset the TSri GLC, than his future housing project where to take loan??
ini macam explain baru betul. Like i say die die must give me back 1.20. Cash or share or do what ever to make the price come back. If not please close shop and lost your job.
August, they purposely drag, must be planning something else. i suspect this EWINT will eventually privatise. no point keeping it listed since already sunseting.
Guess there won't be much movement till the next good news come along which is news on the dividend date. I actually have sold half of my holding previously. Only left 50% on hand and thinking do i clear it before div or keep it and take the div.
It is a no brainer to all in this stock. dividend to pay out 0.54. free cash flow to finance the rest project, jus to say this stock is super undervalued. To remind risk888, if you can't read, don't make yourself a clown here. ahaha. Revenue recognition method is different between Aussie/UK to Malaysia, this company is a cash cow machine and it generates better profit and cashflow than ecworld. Go back home wank. Loser 😎
Cash can be capital, cash also can be from profit generation. You need to understand accounting first. I’m sure this company not making a sen of profit after selling 18bil worth of houses.
This company take IPO money for rolling. From 2.8bil taken from shareholder, now only left 900mil to pay back, remaining 1bil for reinvestment according to them. So from 2.8bil and not left 1.9bil. Very obvious rugi lor. Simple maths ma.
To be objective, the view of RISK8888 is not wrong. The Group indeed achieved negative returns for its shareholders. RM2.4 b has been invested in the Group for its projects in the UK and AUS & so far they have not recouped the capital from the IPO shareholders 7 years ago
But investment comes with a risk. Hopefully, the day will come when it can be able to recoup its RM2.4 b capital invested. Keep the leap of faith going
Warchest, not RM2.4bil. Is RM2.88bil IPO @ RM1.2 with nosh 2.4bil = RM2.88bil.
900mil is only 1/3 of it. Long way to recover brother. Why waste time reinvesting knowing is not profitable, just give back all the cash to us and close shop.
RISK888 is right, Warchest is right, most of us here are all rigt.
The fact they have taken RM 2.8 bil from all share holders, rolling over the years, leave aside the annual return, the management has done super lousy jobs...
I wonder why GLC group don't take any action on the management of this company...
However, I am also very sure everyone include RISK888 has averaged down to lower investement price, so, anything they cash out, or close shop now, for us is a happy ending.
What I don't understand is the QLC owned Guoco Group, has invested so much in here since 2017 IPO time, and leave aside the annual return, now the company dunno left how much with it...so very pity QLC group...they lost in this lsoing company run by TSri LKS and the geng...so Tan Sri QLC even worst here guys
unless thier accounting has some other cash hiding on UK/Asutralia vensture, which add up more to 2.8 bil, otherwise, RISK8888 is damn right, it is a money losing company, only fat the management, every year dunno draw how much directors fees and salary. Pity TanSri QLC....he becomes water fish for the ecoworld.
2017-2023....its already 6 years, 6 years x 5% =30 % return...2.8 bil +30%....this should be the net value of this company, anything lesser is a loser....
After the Proposed Capital Reduction:- Issued share capital: $1,092,454,000 Retained earnings : $1,354,953,000 Shareholders’ funds / NA : $2,446,587,000 Total No. of Shares : 2,400,002,000 NAPS : 1.02
After the First Tranche of Dividend:- Issued share capital : $1,092,454,000 Retained earnings : $1,054,953,000 Shareholders’ funds / NA : $2,146,587,000 Total No. of Shares : 2,400,002,000 NAPS : 0.89
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....
drkelvin20
694 posts
Posted by drkelvin20 > 2023-07-20 16:27 | Report Abuse
i believe many who invested earlier at during IPOtime, has more or less averaged down now, so its not very far compared to current price...and I think also not many just bought at 20-30 sen...coz those who keep following the share price movements, normally are those who invested since early days...we cannot be that lucky to have bought at lowest 20-30 sen only...