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Anyone looking at this?
High cash levels due to warrant issue a while back.
Core biz supplying to O&G sector not doing well. In fact, on a decline since 2012.
Going into overseas property development after acquiring starland, funded by rights issue. So far, seems like no action on the property front yet.
For the record, this fella used to pay good dividends. But strangely in the same year it gave a >10% dividend yield, it did a rights issue to fund the acquisition.
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Profit Guidance
The Board of Directors of GRP Limited wishes to issue a profit guidance regarding the financial results of the Group for year ended 30 June 2019 ("FY2019").
Based on the preliminary financial figures available, the Group is expected to report a loss for FY2019 compared with a profit for the corresponding preceding year. This was largely attributed to impairment loss on development properties and lower margins from property segment.
Further details of the Group's performance will be disclosed when the Company announces its unaudited results for the year ended 30 June 2019 in due course.
Specuvestor: Asset - Business - Structure.
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22-05-2021, 10:19 AM
(This post was last modified: 22-05-2021, 10:20 AM by weijian.)
When a company doesn't has much to lose in reputation....
GRP SHOULD RECONSIDER ITS ASSESSMENT OF SUITABILITY OF DIRECTOR
This is the second instance of GRP appointing a director who has faced questions about his suitability as a director. In September 2013, GRP announced the appointment of Mr Peter Moe as an independent director. His appointment was queried by SGX and, at that time, I also wrote an article questioning his appointment
https://governanceforstakeholders.com/20...-director/
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.