Continue support. Sure will slowly go above rm1.20. The banks got to dispose 86% not subscribed. You have been holding for years, what is few more years? If down to 1.00 I buy more. Wakaka.
KOTA KINABALU: Power consumption in Sabah is seeing a dramatic spike daily despite some relief to the scorching heat coming from inter-monsoon rains.
A record 939MW was recorded at 2.45pm yesterday. Officials said it was the first time that demand had crossed the 900MW mark during the daily peak hours – 2pm to 4pm.
Officials with a power utility company said normal peak hour demand was over 800MW even during the dry spell since February.
“It is clear that people are using more power, including for air conditioning, due to the weather,” said an SESB official.
Meteorologists noted that the temperature was highest at 34°C at 2pm in the Kota Kinabalu area.
Many people have resorted to using air conditioning throughout the day and they expect their electricity bills to skyrocket.
BN only want your money(Ranhill listing) to help Bursa. After listing forget you all and let you all die. Vote Amanah and Mahathir better. He is better PM who take care Chinese.
Sukuk Musharakah (“Sukuk”) (Cont’d.) Major covenants that are required to be complied with are as follows: (i) RCSB is to maintain a Financial Service Cover Ratio (“FSCR”) of not be lower than 2.0 times on a consolidated basis; (ii) RCSB is to maintain a debt/equity ratio of not more than 1.0 times on a consolidated basis; (iii) RCSB dividend distribution is not in excess of 90% of current year’s profit after tax at the company level; (iv) RCSB is to maintain a minimum requirement reserve in the Finance Service Reserve Account equivalent to all periodic distributions and guarantee fees which are due and payable within the next 12 months; and (v) the Group is to comply with a minimum interest cover ratio of 2.0 times on a consolidated basis.
As at 31 December 2015, covenants (ii) and (iv) above have not been complied with by RCSB. However, on the same date, RCSB has been granted an indulgence until 30 April 2016 to comply with these covenants. Subsequent to year end, the indulgence was further extended to 31 July 2016 and 15 September 2016 for covenants (ii) and (iv) respectively. As part of the indulgence, RCSB is currently in discussion with the lender to reassess the appropriate debt to equity ratio in light of the current position of the Group post the reverse takeover acquisition of Symphony House Berhad and the public offering in March 2016. As the indulgence received as at the end of the reporting period did not cover a period of at least 12 months, the Sukuk is presented as current in the financial statements.
So how they are going to declare dividends when you have not sorted out with the Sukuk holders?
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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....
BN_menang
2,982 posts
Posted by BN_menang > 2016-03-23 09:54 | Report Abuse
Good for Ranhill water business since they operate in Johore.