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It was torpedoed by shares holders of Pantech who got free 1 Pglobal share every 25 Pantech shares. But anyway, this company’s business is good even the 25% Trump tax will hardly affect it as everyone got taxed. The key is how fast USA oil & gas industry new projects will be which will benefit Pglobal much. Wait and see.
Positive free cash flow is always the key for a sustainable dividend and be considered a business which makes money. Based on MYEG's 4Q 24 report, its balance sheet item 'Development Costs' ballooned to RM1.8 billion. Free cash flow was negative at RM-50 million. Paid out dividend RM144 million while Sukuk draw down RM425 million. What shall all these numbers mean?
