OWG (5260) ONLY WORLD GROUP HOLDINGS BHD - Sell off before too late
OWG - Zero Revenue during MCO and CMCO
Quarterly (3 months) Cash Flow review:
Fixed deposits and Cash & Bank balances as at 31 Dec 2019: RM40mil
Quarterly (3 months) hire Purchase and Loan repayment: Approximately RM7mil
Quarterly (3 months) staff cost (600 staffs x average RM2200x3 months): RM4mil
Quarterly (3 months) Non cash expenses:
Amortisation and Depreciation: RM7mil
Interest expense : RM1.7mil
Staff cost and other expenses:approximately RM5mil
The Company is going to incurred losses and cash outflow of more than RM10mil every quarter. After CMCO lifted, OWG business will be badly affected as well nobody will go to theme parks. For F&B outlets located in Genting, theme park business will be badly affected and the outlets are not close to the casino, unable to attract the casino visitor to their F&B outlets. The company will continue to suffer losses until Vaccine are found for Covid-19 which parents will bring the kids to Genting and theme parks under OWG. Moreover, OWG is continue suffering huge losses in Komtar.
Target Price: RM0.10
Quarterly (3 months) Cash Flow review:
Fixed deposits and Cash & Bank balances as at 31 Dec 2019: RM40mil
Quarterly (3 months) hire Purchase and Loan repayment: Approximately RM7mil
Quarterly (3 months) staff cost (600 staffs x average RM2200x3 months): RM4mil
Quarterly (3 months) Non cash expenses:
Amortisation and Depreciation: RM7mil
Interest expense : RM1.7mil
Staff cost and other expenses:approximately RM5mil
The Company is going to incurred losses and cash outflow of more than RM10mil every quarter. After CMCO lifted, OWG business will be badly affected as well nobody will go to theme parks. For F&B outlets located in Genting, theme park business will be badly affected and the outlets are not close to the casino, unable to attract the casino visitor to their F&B outlets. The company will continue to suffer losses until Vaccine are found for Covid-19 which parents will bring the kids to Genting and theme parks under OWG. Moreover, OWG is continue suffering huge losses in Komtar.
Target Price: RM0.10
https://klse.i3investor.com/blogs/smartinvestorblog/2020-05-13-story-h1507028439-OWG_Sell_off_before_too_late.jsp
