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Taking loan of 400 mil in August, another 160 mil in October. Total 560 mil new debts within 6 months. How many years of profit to pay??
Lower turnover then lower profit + high interest to pay debtors.. Change of dividen policy to yearly basis. All of these may indicate Astro has very very less money left, almost can say financial problem.
Money borrowed for expansion?
Better not use new borrowed money to pay another debt... Debt pay debt.. Forever debts..
getting more and more difficult to believe in a good turnaround....will take many years to achieeve. 40 sen looks bottom for now, but can easily break and drop to 30 sen level.
My side is mid long term investors institution here, will collect more stock onwards hope can drop as deep as it can, I am not looking on front stock price dropping; we looking for future repairs growth ; if u don’t agree with can ignore me
“Vz Why need to sell as our insiders already know the return path is guaranteed, in previous more than 20years I no cut loses before at my counter cause comeback is definitely ; if not I won’t put the first trade on those counter I attempt I do serious background before I go into any counters ; share market is not a playground is a battlefield between us we the listing companies owners
@Pmp Nails for aiming mid-long term investing is encouraged to collect as deep as ;for short term speculation scalping is doesn’t necessarily owner and khazanah is still sleeping giant not been awake yet