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M K Wong from your theory, gent hold more than 50% of genm share, if no dividend, gent share also will dropped caused gent no more earning from genm, gent eps will drop like hell, however genm still maintain the eps, so, opps, how much gent share u hold? u better sell it now before too late, or i ask another question, how much u get paid to come kacau here?水军
no one said wanna hold forever, is waiting for better price and new york casino license, it has higher chance to get more so why bother to sell now, rm2.35 guaranteed till 1 dec 2025, wait first for even better price, so simple dun understand
Keinfoo, there are many ways the holding Co can extract profit from subsi without requiring payment of dividend. Cost transfer, management and consultation fee, etc. All these are legal and reso during EGM or AGM will all depend on just 1 person.
So what? Still need 14.37% until 75% -- only 8 trading days left, so 1.8% per day -- good luck, haha:) Also, it will take 3.67%/day to reach the 90% threshold -- Silly Dumb Xenopus, hahaha:)
Hello, Silly Dumb Xenophile of GENM, if you loved GENM so much, why did you dump her in the first place? There is no point spending so much time here expressing your bitchy regrets, haha:)
Silly Dumb Xenomorph has no access, whatsoever, to GENT like The Edge Malaysia, a reputable financial paper, hehe:)
"According to Genting, the overriding objective of the exercise is to make GenM its subsidiary by having equity interest of more than 50%." https://theedgemalaysia.com/node/780696
The Edge Malaysia, not Silly Dumb Xenomorph, thinks the takeover will surely fail -- who is more credible, the paper or the creature?
"As in any other privatisation exercise, the offeror has not indicated if it will increase its offer. Assuming the situation does not change, Genting’s proposed privatisation will fail."
They may not be able to get 75% but with 60% now, they sure can do a lot. 1 single person can now determine NOT to declare any dividend no matter how profit the company is. Assets can be sold to other company for future development, holding Co can charge management fee as a way of profit extraction, etc.
Based on the writings and knowledge content, a boss can decide who to hire, a university degree or not:) Likewise, the knowledge content of all AI is no different from the academic papers and samples, published at least 20 years ago! Despite the hype, AI as an academic discipline began at the Dartmouth Summer Research Project on Artificial Intelligence in 1956!
Silly Dumb Xenomorph is crying because the Earth people are unfriendly, haha:) The creature has no mind to reason but is a troublemaker, haha:) If you have a zombie mind, try not to write or speak something, okay?
The Edge Malaysia is not an investment bank but a reputable financial paper in Malaysia.
AI:
"Yes, The Edge Malaysia is generally considered a reputable and authoritative source for business and financial news in Malaysia. It is well-regarded for its in-depth, analytical content and for maintaining editorial independence, even under political pressure."
Try some AI searches on the relevant subjects to minimize your naiveness!
Also, you need to pick the right AI. ChatGPT is good for making movies or conversations but poor in facts since Google has collected academic papers and web pages for decades! English-based searches are more credible. Chinese AI's are full of garbage or non-academic sources!
Google AI:
"No, ChatGPT is not a Google AI; it is a generative AI chatbot developed by the independent research company OpenAI. Google has its own suite of AI technologies, such as Gemini, which are distinct from ChatGPT."
Also, Gemini is trained by Google's own Tensor Processing Units (TPUs), not related to Nvidia's GPUs!
All 0.702% of GENM shares today are for RM2.35, so not from the open market, and the momentum drops sharply compared to yesterday's form-acceptance percentages!
@SDX, the investment bankers studied very hard to get their degrees. After that, they worked very hard to get the experience and specialized knowledge. With your BS writings and zero knowledge content, who would listen to you? Your performance here is making people doubt whether you graduated from a primary school, haha:)
LKT now control 61%...his finger can object to any proposal for future dividend payout no matter how profitable the company is. Who would want to buy a share that do not give any yearly return? Its like you put money into a bank that don't pay interest... Your money is still there... You can withdraw anytime but you keep it there 5 yrs also they won't give you any interest. Would you still put it there? Or its time to put it somewhere else?
My apology for using slightly harsh words to @keinfoo chong as I misunderstood that GENT could buy shares above RM2.35. The confusion stemmed from GENT's related family trust, but absolutely no apology to Xenomorph SDX:) https://www.klsescreener.com/v2/news/view/1624233
Don't think they can but they have enough to screw all small shareholders now. LKT will object all future dividend payout no matter how much profit the company make. His vote alone carry more than 60% weight in any future AGM.
@M K Wong, then gent also cant get any dividend from genm since they got 60% share, he screw us, he screw himself (and screw u if u hold alot gent share, opps), so u better sell ur gent share, how much gent share u bought?
Mk Wong, based on ur theory, if lkt able to extract profit from genm not from proper way, do u think he will share the profit with minority gent shareholder? based on what he did to genm, at the end, gent minor shareholder also get nothing, invest more in genm and get nothing, the only gent shareholder to get something from genm is thru dividend, if lkt use other way, gent minor shareholder is more dangerous than genm minor shareholder, haha
Legally it's right but morally wrong, company can be profitable. Minority want to propose dividend... Table the reso in AGM or EGM... His 1 finger is 60% voting right. Guess who control reso approve or not.
He got an entire floor of corporate finance managers in Wisma Genting to help extract profit for holding Co and its all legally comply to law, no need to declare dividend.
@mk wong as gent shareholder, if genm not give dividend, genm eps still maintain, but gent both eps and dividend dropped, answer my question before u continue to hard sell other for ur own profit, is this logic ok for u?水军
Johnny, EPS depends on profit... they can extract profit legally. So, profit of the company is "controlled"... Eps is therefore controlled by 1 person. Future DY would be NIL. In theory, EPS drop... Valuation drop... Share price drop... Proxy buy it and then sell. Make profit or loss is not important... Its left and right pocket. Corporate game. Its all legal.
@mk wong, u not answering my question, i ask about gent minor shareholder, u r ignoring my question, is it because it is true? 1 more thing, eps is not easy to "controlled", last time serbadk control the qr, at the end what happen?u think so easy to "control"?u just misleading other and ignore other question
@mk wong 1 more question for u, what is the reason u wan to hard sell here since we still have time to consider and accept the offer before the expired date? if u r not the genm shareholder, why u not comment after 1 december? let me tell u the reason, because if follow the current trend, gent will fail to take over genm and it will affect ur piece of cake is it? we genm shareholder will decide ourselve whether wan to sell after 1 dec, no need ur 1 sided opinion
Serba inflated their numbers to look good and avoid PN17. LKT have no intention to inflate the bottom line. He will only try to bring it down by extracting profit to holding Co. Pressing the EPS down and object to any reso to declare dividend. His finger control 63% voting right.
@mk wong, no need bring me garden walk, u not yet answer my question, why u so hard sell here? if u r not holding genm share, just dont comment so much negative stuff to affect the shareholder decision, they will make their best decision without ur comment by offer expired date, they decide sell or not, no need u worry and is not ur business, ur comment only sided ur boss, not the minor shareholder
@mk wong open forum, i also can write anything i want and ask any question i wan too, ur motive is too obvious already la, please dont so 厚脸皮，just accept u have ur own motive so that other minor shareholder know about it, or u give me ur reason, see i believe it or not