QUOTE(zamans98 @ Apr 14 2009, 11:49 PM)
- Short term weakness could be expected given the recent 20%
uptick from the low as well as the larger than expected share issue;
- No official guidance on the time line from the current announcement but
based on recent telecon, management is looking for end 2Q09 for
closure.
- Renounceable rights on a 5:4 basis with an issuance of 4.7 billion new
shares. Post rights, total share outstanding to balloon to nearly 8.5 billion
shares versus 3.8 billion earlier;
Big volume, hard to move. Like Maybank post Right issues - drop a lot, no? 408 --> 3.86?
Oh , i see ... yea... but the climb back for the Maybank is fast to break the nerves.
Due to the news that a report says Axiata is going to start issuing the dividend which will only happen in 2011.. sharks, i guess its going to be a real snail climbing up.
or Perhaps it could be a plan to sustain the expansion throughout their asia business investment. but according to their earning its "absolutely well on track" as they claim. With the remaining 2.2 billion repayment to the TM ..
Gosh .. its pretty confusing for their disbursement of fund raising plan..
QUOTE
KUALA LUMPUR, April 13 (Reuters) - Malaysia's mobile phone operator Axiata Group (AXIA.KL: Quote, Profile, Research) will be in a position to start paying dividends in 2011, a local newspaper reported on Monday quoting the company's chief executive officer.
"I'm not declaring this but in 2011, as a total group, we will be cash positive. So we will be in a position to do that," said Axiata's Jamaludin Ibrahim.
Axiata was formerly known as TM International. (Reporting by Varsha Tickoo; Editing by David Chance)
This post has been edited by lsmpro80: Apr 15 2009, 12:02 AM