Kinda windfall " profit " of rm 200m

39sen per share gain., higher than current share price of 26.5sen ( as per their docs )

Geaing to drop to 0.1X

"7.2 Earnings Per Share, Net Assets Per Share and Gearing

The successful conclusion of the Settlement Scheme will enable the Tanco Parties to substantially settle all its Existing Secured Debts and consequently there will be a positive impact to the net assets per share of the Group as well as a significant reduction in its gearing. This estimated positive impact is as a result of a net exceptional gain of approximately RM131 million before taxation effect, if any, arising mainly from the waiver of the remaining secured debts pursuant to the Settlement Scheme.

The net exceptional gain would result in the Group’s net earnings per share to increase by 39 sen, the net asset per share of the Group increasing from 52 sen to 91 sen and the gearing reduced from 1.83 times to 0.11 times on a proforma basis, based on the 31st December 2009 Audited Financial Statement of the Group"


This post has been edited by SKY 1809: Feb 22 2011, 09:48 PM

Limit up just for you.

Bargain hunts could re emerge in Asia as Dow corrects itself.

"James Chirnside, chief investment officer of Asia Pacific Asset Management said he’s keeping 60 percent of his funds in cash, ready to jump back into equities when another correction happens. That’s the highest level of cash holdings for his funds since the financial crisis 2 years ago. "

That was a long time ago.

Now , 39sen per share windfall profit from agreed settlement with LEHMAN.

Saved 200M , gift from Lehman Brother.

Debt level to be dropped to 0.11X after the agreed arrangement.

This post has been edited by SKY 1809: Feb 23 2011, 10:09 AM

Why Jakarta is quite green

I guess Global funds are shifting back to Asia, since Dow is facing corrections.

CIMB and Sime are going to report good profits leh

CI should close GREEN today

This post has been edited by SKY 1809: Feb 23 2011, 11:42 AM

Generally HK/Asia funds still got 50% cash in hand to tembak

Waiting for the right moment.

Why you say so

Blu cheat also can lose money one, but rather excusable like Genting.

Impairment Idea Accounting adjustment minus 1B .

Now they are talking of positive cashflow of 6.3B from the businesses, and paying 10sen dividend.

Sounds good right

This post has been edited by SKY 1809: Feb 23 2011, 02:03 PM

I bought 2429 yesterday and this morning.

Thanks

Sold mine as well.

He is good

Ok lah, EPS almost double from last year at 60sen

I believe CNY is always their best Q.

This post has been edited by SKY 1809: Feb 23 2011, 07:40 PM

Quite heavy selling by FF on these 2 at the moment.

Strong support by sharks too

Ya sold all yesterday

bought back a bit at 37sen.

My conspiracy theory that this stock could offer capital repayment of 50sen or so in future.
300m worth of properties, almost debt free after settlements with Lehmen . May taken to private or so.

Net Assets of 93sen,

Not asking anyone to follow.

This post has been edited by SKY 1809: Feb 24 2011, 12:11 PM

Hi Guys,

Do look out for Dow U Turn tonight.

Gadafi is being cornered.

Now Capital is deserted.

My thinking is the game should be finished sooner than expected.

US to bomb Gadafi again ??

President Barack Obama condemned the violence unleashed against protesters in Libya as "outrageous" Wednesday, and warned the regime of embattled dictator Moammar Gadhafi the U.S. is weighing a "full range of options" if the attacks persist.


Read more: http://www.timescolonist.com/news/Obama+Ga...l#ixzz1EsIU5ReL

Anyway, Obama has to be aggressive to boost world markets

This post has been edited by SKY 1809: Feb 24 2011, 07:29 PM

US and Europe could not afford the melt downs of their markets.

The excuse could be as below :-

"Meanwhile, Libya's former justice minister said Gadhafi personally ordered the Lockerbie bombing that killed 270 people in 1988, according to reports from a Swedish newspaper.

The Swedish tabloid Expressen quoted Mustafa Abdel-Jalil, who quit his post last week, as saying that "I have proof that Gadhafi gave the order about Lockerbie.""

Read more: http://www.timescolonist.com/news/Obama+Ga...l#ixzz1EsMmP2oo


This post has been edited by SKY 1809: Feb 24 2011, 07:44 PM