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the priority now is to pare down debts and raise fresh capital for the New York casino and development. now remain on how they gonna do it. I don't think dividend is their immediate concern
don't forget majority of US assets and business operation n capex are parked in GenM. Don't expect much dividends or probably no dividends for years to come from GenM.
the fund will come just unsure where it would be from. it s just less than 1.5 month now before 12 months lapse. expect more announcements within these 1.5 month
Daniel, in share market if everyone is cool head and trade on logic and rationale, we won't see such high volatile of up and downs. the fact is majority trade with emotions, greed and fear, and that s why the market have ups and downs.
GenM is already in his hand. just imagine how many would give up and sell to him once he offered rm2.35 again in Dec (provided he is super generous). Even with rm1.66 (discount of 30% from the last offer price) most retailers would sell to him this time.
wow, after 4pm and it just drops. something brewing again? raising another RI for another rm1.5 bil? squeeze both GenM and Gent to penny stocks before offering to take over again.
