Will Bintulu Port pay out rm400m??
Sunday, April 6, 2008
Published on Business Times: Bintulu Port can pay out RM400m: Kenanga
- BINTULU Port Holdings Bhd has the potential to pay shareholders up to RM1 a share or RM400 million in total, due to its strong balance sheet, a research house said.
The company, which operates the world's largest liquefied natural gas (LNG) export terminal, has cash of some RM470 million as at December 31 2007. It has zero borrowings.
"Strong balance sheet also provides room for capital management," Kenanga Investment Bank Bhd said in an initiation report dated March 31.
I am simply NOT happy with such insinuation at all.
Yes, this stock might have the cash but there is NO written guarantee that it will share its excess cash.
Ok, talk is too cheap. How about an example of a cash rich company NOT sharing its excess cash? Well try look at UAC.
Think about that!
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