tag:blogger.com,1999:blog-19741162.post91944666389308022..comments2024-02-22T02:33:21.869+08:00Comments on Another Brick in the Wall: 1MDB on course to reduce debt to manageable levelA Voicehttp://www.blogger.com/profile/01780035743502972342noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-19741162.post-12441036212559594352015-08-13T16:13:37.091+08:002015-08-13T16:13:37.091+08:00In the first place, why did 1MDB incur so much deb...In the first place, why did 1MDB incur so much debt? Any sensible CFO would have advised the opposite. Never to borrow what you cannot repay. Now, selling of asset...<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-85283275081511046942015-08-13T01:47:31.078+08:002015-08-13T01:47:31.078+08:00I am anon 12.05. Yes I admit i was factually wrong...I am anon 12.05. Yes I admit i was factually wrong about the comparison between Affin and TH. apologies.<br /><br />However, i thought 1mdb is about acquiring land, developing it (into commercial devt or whatever viable) and then selling it to investors for a business profit. I was wrong indeed. 1mdb is about buying land cheaply from the government, i.e. People's property, and then selling it at very high price to friendly parties for profit.<br /><br />Friendly parties? Tabung Haji is also GLC right? And Affin Bank is owned by LTAT right? And Wok Lodin is associated with 1mdb, TH and Affin Bank, right? I hope i am wrong too and would like to believe that Affin and TH are Arab investors.<br /><br />Anyway, my comparison on the Affin and TH was off the mark. I accept my mistake and i will not claim an Arab donator had wrongly advised me. My bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-39879947749305113042015-08-12T00:12:34.136+08:002015-08-12T00:12:34.136+08:00Apa yang nak dibanggakan dengan jualan ni. Tanah t...Apa yang nak dibanggakan dengan jualan ni. Tanah tersebut telah dirompak dari kerajaan bukan tanah 1MDB pun. Yang menjadi persoalan, mana duit RM42 Billion yang dihutang tu? Duit yang dilenyapkan dengan pelaburan PetroSaudi, dimanakah hilangnya? Kalau seseorang mencuri, apabila sampai ke mahkamah, bolehkah kita cuma memberitahu kepada hakim, dah ada orang sanggup membayar wang curi tersebut dengan si pencuri menjual barang lain yang juga dicuri. Jadi semua kena tutup mulut dan kes selesai?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-29879795436600573332015-08-12T00:00:41.037+08:002015-08-12T00:00:41.037+08:00thanks Affin for saving 1mdb.thanks Affin for saving 1mdb.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-39533238869430874672015-08-11T18:55:18.838+08:002015-08-11T18:55:18.838+08:0012.20
If you had not immerse yourself with rhetor...12.20<br /><br />If you had not immerse yourself with rhetorics and read thru you wud hv found that 5 plots are still held by 1mdb.<br /><br />No need to teach something so basic like active and passive investment. Best taught for the benchmark.<br /><br />Talk business. Not rhetorics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-79514940753848730072015-08-11T18:47:03.063+08:002015-08-11T18:47:03.063+08:00Anon 12.05
Affin has to build that 823,000.sq ft ...Anon 12.05<br /><br />Affin has to build that 823,000.sq ft bldg. <br /><br />TH paid 10% and the bal.90% after the s&p is completed. Same with affin.<br /><br />Geez where did you learn rm255 mil can get you land plus bldg? The benchmark????<br /><br />You have every right to be critical but get your facts right! Looks like you are arguing using your own tampered information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-83662911763585193542015-08-11T18:38:52.616+08:002015-08-11T18:38:52.616+08:00Anon 2.55
Check back your fact on tabung haji. Ma...Anon 2.55<br /><br />Check back your fact on tabung haji. Makes no sense!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-79168729918973412412015-08-11T12:27:00.003+08:002015-08-11T12:27:00.003+08:00hahahahaha
finally as ADMISSION of mismanagement
...hahahahaha<br /><br />finally as ADMISSION of mismanagement<br /><br />an ADMISSION that 1MassDestructiveBomb is problematic to the tune of RM42 BILLION debtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-66695839523346038102015-08-11T12:20:40.743+08:002015-08-11T12:20:40.743+08:00woah... what a statement!!!
reduce debt to managea...woah... what a statement!!!<br />reduce debt to manageable level.<br /><br />this is done via selling asset?? 1mdb asset can be categorized into 2; land and the IPP - correct, yes. One is passive i.e. it can not generate revenue (it can only increase in value but once sold, then its done). The other one is an active asset, the IPP which generate revenue. But the Q raised here, are the revenue generated sufficient to cater for say interest payment of the loans? (after removing the cost factor, the net gain?). Based on current and previous financial obligation, 1mdb had to request for all sort of things from the gomen to help meet its own financial obligation.<br /><br />Fact of the matter is 1mdb is a going concern company. It has confirmed IOU in the form of Bonds commitments where a substantial portion is in USD denominations. How the hell will it be able to meet all of these commitments. The business model used by 1mdb is at best (being diplomatic here) ala 'Pak Man Telo' hybrid. <br /><br />So what are these people (you included) are proposing and hollering is in order to solve this 1mdb debt - is sell off passive asset (i.e. land) which will then be used to service some of the financial obligation. Next to raise IPO based on the available IPP on hand to raise capital which will in turn used to also assist in the payment of debts. huh? all for the sake of servicing debt only?<br /><br />WoW? remind me again, what was the original purpose of raising the capital in the first place. Here is the thing, 1mdb lack of cash has forced it to relinquish the Project 3B back to TNB... so again, i repeat, what is 1mdb business model.... because the way I look at it, i can not differentiate it from the model used by Pak Man Telo.<br /><br />I just failed to see how you can glorify a failure, really i cant. to have a start up company that is supposed to be Najib WoW factor, his legacy etc... so screwed up that one would say "1MDB on course to reduce debt to manageable level" to be considered a success. what a loser!!! I mean, if 1mdb we to report, "new level of revenue breaking previous Q to Q margin", hell, i got no issue if najib then want to blow his horn as hard as he likes... i mean, go ahead...<br />but this... is no different with the GLC senario... all thoses BoD, CEO, MD that keep reporting lowering Q report in terms of revenue, profit, even losses... year after year of just swapping seat... i can do that, anyone can... because, this is all bullshitting. <br /><br />bottom line, 1mdb is screwed up - so what next?<br /><br />rdgs/2020Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-90576002638438475912015-08-11T10:52:43.939+08:002015-08-11T10:52:43.939+08:00The approved plot ratio for TH land is 10.47, thus...The approved plot ratio for TH land is 10.47, thus for 1.6 acre the gross floor area is about 729,717 which translates to about RM258 per square feet. If TH puts in another say RM500+ per square feet for construction/marketing cost, the total cost for TH will be say RM800 per square feet. TH then could sell the completed building at say RM2000-00 per square feet, thus making a neat profit of RM1,200 per square feet which translates into RM875,660,400 million profit. No?hasanhttps://www.blogger.com/profile/05663082048545287345noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-83161681143509053522015-08-11T09:44:14.834+08:002015-08-11T09:44:14.834+08:00
wow. We should all rejoice. Najib memang terror l...<br />wow. We should all rejoice. Najib memang terror la.<br /><br />Financial misadventures that affecteverybody. Now using some magic from MOF, details of which we will never know, hutang dikurangkan. <br /><br />Hail to the emperor with no cloth!!<br /><br />SNhttps://www.blogger.com/profile/14859146037399867945noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-46114365678693034822015-08-11T08:09:57.576+08:002015-08-11T08:09:57.576+08:00Just wondering IF the brouhaha about 1MDB didn'...Just wondering IF the brouhaha about 1MDB didn't surface, would it rationalize things? Mark of well-managed company?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-83881792660336353332015-08-11T07:01:15.437+08:002015-08-11T07:01:15.437+08:00The qestion still what happen to all the billion r...The qestion still what happen to all the billion ringgit????Anonymoushttps://www.blogger.com/profile/01511434438573256381noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-21222101304525096862015-08-11T02:55:55.971+08:002015-08-11T02:55:55.971+08:00Harga yang dibayar oleh Affin Bank telah membongka...Harga yang dibayar oleh Affin Bank telah membongkar kemungkaran harga yang dibsyar oleh Tabung Haji.<br /><br />Affin Bank dapat commercial tower seluas 823,400 kaki persegi, Tabung Haji dapat tanah kosong, untuk buat futsal kot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-50110411585521474062015-08-11T00:05:11.267+08:002015-08-11T00:05:11.267+08:00Affin's purchase makes TH's purchase look ...Affin's purchase makes TH's purchase look stupid. Affin paid 255 mil and will get 823,400 sq ft Commercial Building. TH got vacant land and nothing else. Land size not much different 1.56 ac to 1.25 ac. Affin paid 10% downpayment only, balance after title issued. TH paid 100% even before anything done. <br /><br />TH 188.5 mil holding cost of say 5.9% pa for 5 years until building completed, that's about 30 mil in interest. Belum kira lagi SPA legal fees, stamp duties, contract documents, admin coste, etc that would run into millions more. Before any building stand constructed on the site.<br /><br />What a farce investment by TH.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-57047673245814789012015-08-10T22:31:41.656+08:002015-08-10T22:31:41.656+08:00Thanks very much Affin Bank.Thanks very much Affin Bank.hasanhttps://www.blogger.com/profile/05663082048545287345noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-50782943732533187712015-08-10T21:52:36.275+08:002015-08-10T21:52:36.275+08:00So we are to take your word for it? You really exp...So we are to take your word for it? You really expect people to believe that lodin stayed out of decision making and negotiations despite being on both end of the parties privy to discussions? How do you think outsiders are going to view malaysia? It really is a stupid move. When pieces are put, this will still seem like a bailout due to the presence of lodin.<br /><br />An what's funnier is the fact that if 1mdb didnt exist, the government of the day would have had all the money for itself instead of having a dumb company headed by an imbecile who is in dire need of cash. You cant paint it any other ways breeck. Sorry.Anonymousnoreply@blogger.com