Always remember, stock market will never perform according to your wish and you really need patience when you invest or trade. If you do not have patience or when you’re about to give up, the operator will start goreng….
1) Mudajaya short term loan > rm260m and total liability > rm700m 2) cash in hand reserves for working capital 3) Real Jade balance to be paid @ rm100m (via vendor financing) 4) last quarter finance cost > rm10m
I expect Mudajaya to offer free warrant soon: - needs free funds from conversion of new warrant to repay short term liability - to reduce finance cost - to reward shareholders - to increase public spread / float
Yes SBB is up to 10% but Mudajaya can only buys not more than 4.71% (around 88m) due to the single largest shareholder already holds 70.29% and bursa rules stated clearly that public spread/float must be min 25%….
On 15/6/23 AGM, once share buy back resolution passed, mudajaya will be allowed to buy back its shares from the market and it will be allowed to buy back up to 4.71% shares from the market (to maintain public float of 25%). Pls imagine 88m (4.7%) shares being bought back from the market, what will be mudajaya’s share price?