Monday, 21 November 2011

细解改革三部曲第二部

细解改革三部曲第二部- 固本培元,搞好账本讨论下TDC 祭出三招‘还原靓靓拳’弄美帐簿。
了解后不得不认ACCOUNTING 也是一门艺术


第一招-每股回退2仙 – 谢谢各位股东的不离不弃
第二招-每股面值1令吉的普通股削資90仙,以減低累積虧損30+億aka 2989 million。
第三招-進行資本重組計劃 ,以5股整合成1股面值50仙的股票。




有图有证据
上图来自Bursa Malaysia Circular to Shareholder 25/10/2010 TIMECOM-Cover to Page125.pdf pg 57


 1。Capital Repayment 每股回退2仙,
RM0.02 X 2530775000(TIMECOM outstanding share)
=RM 50615500

钱从SHARE PREMIUM 扣, RM1570 million - RM 50.6 million = RM1520 million
看黑格



2。Capital Reduction 每股面值1令吉的普通股削資90仙,
share capital RM2530 million X 10 % = RM253 million,
share capital RM2530 million X 90 % =RM 2277 mil (被削資的90仙)用来 offset accumulated losses.

Therefore accumulated losses reduced. RM 2932mil -RM 2277 mil= RM655 mil ( RM654.7 mil in picture)
看红格



3。Cancellation of Share Premium
All the share premium used to offset remaining accumulated losses.
RM1520 mil- RM654.7mil=RM865.3 mil

RM865.3mil - RM 179.6 mil (set as capital reserve) =RM685.7 mil left as share premium
看青格


4。Consolidation of Share 5股整合成1股面值50仙的股票,
number of shares =2530.7 mil / 5 = 506.1 mil shares
看蓝格


做完Capital Restructuring后 TIMECOM 简直焕然一新了!!!
没了ACCUMULATED LOSSES 反而有RETAINED EARNING,
告别PENNY STOCK,股价将〉或= RM0.66 (17/11/2011 的股价) X5 = RM3.30 - 据报告此举能避免外界狙击或炒作。
但也有了负债 RM191 mil

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