Ryan TCY's comment on PRG. All Comments
Ryan TCY
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PRG’s RM64m dispute with shareholder-linked PDM comes to a head as court orders winding-up

https://theedgemalaysia.com/node/819119
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1 week · translate ·
Cyrus
This whole PDM drama really jialat because confirm PRG stock price going to suffer big time with this winding-up order hanging over their head.
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MC Chong
Actually one positive point is PRG already recognised most/all of the PDM exposure as impairment.

So the bad news is already largely reflected in the accounts. If PRG can eventually recover some money from PDM through the winding-up, that recovery could potentially be written back as reversal of impairment, subject to accounting treatment.

Basically, if they manage to recover a decent amount from PDM, it could give PRG's balance sheet quite a nice boost. The RM64m headline amount is not guaranteed cash lah, but any meaningful recovery would be positive since much of the loss has already been recognised
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Unown Unown
still need to see the actual recovery amount la, hard to judge now
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Lala King
Actually the recovery potential is super promising if you look at their strategic and long-term value
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Jason Wan
Recovery potential seems good, but the management.....
Like · 6 days · translate
Sheldon
PRG management track record steady doubt so even if recovery play looks solid better watch out for hidden traps.
Like · 5 days · translate
Coleman
q2 earnings improve alrdy just need consistent performance now
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Jia Cheng
Q2 earnings show potential but the real challenge now is whether they can actually keep the momentum going for the next few quarters.
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DK305
Legal side is positive lah, but don’t straight away assume PRG can collect the full RM64m. Winding-up order is one thing, actual recovery is another thing
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