Chitchat Oppie Presidential Deposit Loser Wants To Sabo Sinkies Into Investing In Crappy Indon Malls! You Buy, You Habis!! Don't Say John Never Warn You!

[JohnTan]

I bought Lippo Mall Trust at the price of $0.22. It had a dividend yield of 8%. It owns several malls in Indonesia. During the past five years, the average price was $0.35 and the highest was $0.50.

The share price dropped to below $0.11 today. An existing shareholder had a large lot to sell.

I wondered if the company was in financial trouble. I looked at Yahoo Finance website and saw the past four years. The interest expense (to pay the borrowings) was only 20% of the operating income. Even if the rental income dropped by 50%, it could easily cover the interest payment. The debt to equity ratio is 60% (which is acceptable).

I do not know if they have a large borrowing that is due for re-financing. Even if they have, they should be able to refinance it.
I do not know why the existing shareholder is keen to sell the shares at such a big discount. Maybe, he need to raise cash to pay off some debt elsewhere.
So, I bought the shares.

 

[steffychun]

I bought Lippo Mall Trust at the price of $0.22. It had a dividend yield of 8%. It owns several malls in Indonesia. During the past five years, the average price was $0.35 and the highest was $0.50.

The share price dropped to below $0.11 today. An existing shareholder had a large lot to sell.

I wondered if the company was in financial trouble. I looked at Yahoo Finance website and saw the past four years. The interest expense (to pay the borrowings) was only 20% of the operating income. Even if the rental income dropped by 50%, it could easily cover the interest payment. The debt to equity ratio is 60% (which is acceptable).

I do not know if they have a large borrowing that is due for re-financing. Even if they have, they should be able to refinance it.
I do not know why the existing shareholder is keen to sell the shares at such a big discount. Maybe, he need to raise cash to pay off some debt elsewhere.
So, I bought the shares.

Better than you @JohnTan with no penis.

 

[SalahParking]

He lost 50%, still wanna tell people.

 

[Valium]

Same league as Temasek Ho

 

[winnipegjets]

Lippo sounds better than any sinkee stocks.

 

[Chase]

TKL should read accounts when he entered at 22 cents. He didn't do his homework. The indonesians are rumored to delist Lippo and move it to list on Indonesia so that their alibaba accounts will be less scrutinized. Their group of companies involved in scandals and Lippo is no longer able to raise funds from banks.