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 Genting Malaysia, Resorts World

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Yggdrasil
post Aug 7 2019, 06:57 PM

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QUOTE(Babablacksheep @ Aug 7 2019, 06:45 PM)
Equanimity almost same amount as Empire Casino. USD125mil
However are shareholders over reacting here?
Bought a little for longterm.. haha
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I haven't looked in depth but people say it's an obvious bailout.
If you want to buy, you should buy few days later became tomorrow might fall further.

I would say Equanimity is not a good investment because the cost of maintenance is too high. I doubt the benefits of owning it exceeds the maintenance cost.

Buying this loss making business and Equanimity will have a negative impact on EPS but we shall see.
Yggdrasil
post Aug 14 2019, 02:11 PM

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QUOTE(foofoosasa @ Aug 14 2019, 10:57 AM)
Loss few thousand for nothing. Use that money go travel better. Hmm!
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Travel anywhere but Genting right? biggrin.gif
Yggdrasil
post Aug 16 2019, 05:07 PM

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QUOTE(Selectt @ Aug 16 2019, 05:03 PM)
I think the buyout of Equanimity is just to satisfy new PH govt.
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Perhaps. But, the new gambling tax still imposed and not cancelled by PH.
Maybe to cover up some bad dealings when BN was around.

 

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