lol...!

monday, sell sell sell

i've sold whatever i dun wan, preserving cash back into bank.

what does a "purple" color means? (circled)



by the way, Dow Futures is +118, anyone buy anything today?

This post has been edited by panasonic88: Feb 23 2009, 04:54 PM

nice meh...i tot all are the same.

mine is alliance investment bank.

ahhh forum is up, missing you!

today's highlight is on TM!!!

KUALA LUMPUR: Telekom Malaysia Bhd ™ will maintain a high dividend payout ratio of 90% even after a capital repayment, according to group chief executive officer Datuk Zamzamzairani Mohd Isa.

TM has proposed to undertake a RM3.5bil capital repayment whereby its shareholders will receive a cash payment of 98 sen for every share held.



“The proposed capital repayment will not impact our business operations and ability to maintain our dividend policy. It will be funded by the anticipated repayment from TM International Bhd (TMI),” Zamzamzairani told a media briefing to announce the financial results yesterday.

TMI has undertaken to pay RM4bil owed to TM by April 24.

“We decided to return the excess cash to our shareholders after factoring in our future requirement. The balance will be used for our operational expenses,” he added.

Group financial officer Datuk Bazlan Osman said the proposal was subject to shareholders’ approval in an EGM to be convened at a later date.

He said the exercise was expected to be completed in the second quarter or early third quarter.

TM’s net profit for the fourth quarter ended Dec 31 fell 72% to RM164.8mil from RM592.5mil in the previous corresponding period, despite a RM393.3mil, or 18.7%, rise in revenue.

Its earnings per share (EPS) for the period fell to 4.8 sen from 17.2 sen before.

For the full financial year (FY08), TM reported lower earnings before interest, tax, depreciation and amortisation (ebitda) of RM2.9bil against RM3.2bil in FY07.

Its revenue, however, increased to RM8.67bil from RM8.29bil previously contributed by higher non-voice revenue.

Profit after tax and minority interest (Patami) for FY08 was 73.2% lower at RM229.3mil compared with RM856.7mil in FY07.

On a normalised basis, Patami improved by 64% to RM708.5mil from RM432.2mil previously.

The company also announced a final gross dividend of 14.25 sen per share less tax of 25% amounting to RM382mil.

Bazlan said the lower ebitda was largely due to exceptional charges, such as specific allowance for doubtful debts and revenue adjustment for certain foreign VoIP debtors, employee share option scheme cost, diminution in value of quoted investment, unrealised translation loss on foreign currency borrowings and realisation of foreign exchange reserve on disposal of Societe Des Telecommunications De Guinea S.A.

He said broadband remained the key growth driver with a year-on-year growth of 25.8% and contributed 17% to TM’s overall revenue.

TM continued to win new customers and maintained leadership position in the broadband segments registering 1.6 million customers as at end-2008, a growth of 26.7% from 1.2 million customers in 2007.

To a question, Baslan said the group was expected to spend RM2bil to RM2.3bil in capital expenditure (capex) this year.

He said the budget included its “business as usual” capex and for the high-speed broadband (HSBB) project.

Going forward, Zamzamzairani said TM was confident of maintaining the current level of business with slight revenue growth of 1% to 2.5% in 2009 as announced in its headline key performance indicator on Nov 11.

Commenting on the HSBB, Zamzamzairani said TM was actively undertaking the implementation of the project and expected its first commercial roll-out for wholesale in the second quarter and for retail in the fourth quarter.

Meanwhile, Reuters reported yesterday that TMI was looking to raise more than US$1bil in a rights offering in the first half, citing an unnamed source with direct knowledge to the deal.

According to the report, TMI was looking to raise capital to reduce its RM10.45bil debt. It also said that JPMorgan and Goldman Sachs were advising TMI on the fund raising.

A TMI spokesman said nothing had been finalised yet, but the company was on track to announce details of its capital-raising plan in the first quarter.

not to forget, the proposal of 98 sens capital repayment by TM.

after capital repayment, TM price would be readjusted, am i right?

p/s: lol kinwawa, we have same queries in mind

This post has been edited by panasonic88: Feb 25 2009, 02:45 PM

i agree with aurora97.

TMI is nice to hold for intra day play / short term.
the price is moving up & down in the region of 3.00 - 3.30

yes, and share price would be re-adjusted accordingly.

if by April 24, TMI couldnt repay the 4 billion, what would happen?

what i can forsee is,

- no 98 sens capital repayment
- would it upset both the TM & TMI investors, causing the price to slump?

oohhhh, yah, make sense.

and if capital repayment proposal is approved, TM price would be re-adjusted to 2.XX.

for 2.XX
if they can guaranteed a 18 sens dividend annually
which means around 4-5% DY lor
downside is, limited growth prospect

correct boh?

lol i feel a slight excited when i knew that TMI price is coming back to 3.0X region

coz i see trap opportunity!

for KNM shareholders...



for every 1000 shares of KNM, you're getting RM12.50
not bad what, still have 3% DY

This post has been edited by panasonic88: Feb 25 2009, 03:15 PM

OT: talak see announcement by taikor ka?
http://forum.lowyat.net/topic/946103

all post from 24/2 5AM onwards are missing.

anyone watching BSTEAD?

involved in oil palm plantation + properties.

they gives good DY over the past year.

This post has been edited by panasonic88: Feb 25 2009, 04:32 PM

omg IOI can be nominated as the Best Day Trade counter la!

3.58 yesterday, 3.72 today!

means it has found its supporting line lor.

- revenue grew, but recorded a nett loss of 388 million in 4Q 08.

according to its report,

"...The loss is due to the impairment of its investment in Star Cruises Limited (“SCL”) of RM781.5 million."

- basic earnings per share for FY2008 is 11.1 sen

- final dividend of 4.0 sen per ordinary share

Source

wow cool!!!

that's 10% DY !!! tomolo cheong ah!!!

wanna join the cruise?



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