GRAND CENTRAL ENTERPRISES BHD
KLSE (MYR): GCE (5592)
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Discussions
Be the first to like this. Showing 28 of 28 comments
Now that GCE had entered a S&P agreement to sell the Melaka for RM21.5million, they should easily have RM80 million cash by year
end. Privatisation coming soon??
2012-10-16 17:17
This GCE have a chance to propose special dividend 45 sen before the year ended 2012. With the cash around 80 million after land and Old hotel for the last two year. This can push the Mkt price 72 sen to RM1.05 is the news is correct. Hope for it.
2012-12-10 09:33
With 80 Million Cash after selling Land in Ipoh and Old hotel in KL and Melaka maybe the Broad think buying next door Merana EON Jalan Laut KL for expansion. Major shareholder make up of 72% from Singapore stop buying at 2009. (Now 3 years still no much volume trade in KLSE) 80Million Cash what to do with it. Earning from FD 80Million x 4% = RM3.20Million per year and paid 1.60sen to the shareholder of GCE.
2012-12-10 09:48
Hi CT you forget to count director fee,mansion,golf club & sport car expenses that spend by the board of director :)
2012-12-10 09:51
Grand Melaka Hotel sold for MYR 21.5 Millions. have collected the Money. Then GCE have Cash MYR 80 Millions.in hand by year end Dec 2012. Note Hotel Grand Continental Kuala Lumpur 3 star at MYR130.00++ to MYR 180.00++ per nights (Cheap Rate ) Check internet booking and pay at hotel. Good Deal
2012-12-12 13:10
Look out Hotel Melaka Sale on Dec 24 2012 Christmas Eve Complete and Special News for the New Year 2013. GCE
2012-12-14 10:29
Hotel Melaka confirm and money received Jan 01 2013 . Total Cash Flow RM 80 Millions Cash / Capital RM197.5 Million = RM0.40 per share. Hope the money in good use.
2013-01-02 22:40
Anyone can update about the 4% dividend paid out....
Friend of mine paid oredy..
2014-05-26 02:59
Afterall it may not be their intention to make the company price great so it can be privatised at a lower premium. NTA alone is often misleading.
2017-08-01 13:18
Not doing well but is giving dividend so that you guys don't throw it. Take care as nothing is free.
London Biscuits claimed it made profit but no dividend. Somehow we have all these funny stocks.
Hotels most likely are quite run down and need $ to improve its quality.
Regulators should impose requirement on profit distribution to build a good market for long term investment.
2017-08-14 11:42
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CT Sim
I like this counter GCE something is going to happan. 1 Capital repayment like TW Corporation. Company is increase Cash Balance to 70 Million by year end divide by 50 Million shares owing by public it will paid out RM1.50 per share. The Major shareholder get the Hotel in Malaysia and Minor shareholder can cash payment RM1.50 compare to market price RM0.75. 100% GAIN
2012-09-28 11:54