GorengSampaiHangus's comment on MAGNI. All Comments

GorengSampaiHangus
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Moro limit up?
GorengSampaiHangus
Mehhhh
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Nw. JFF
seem like giant special dividend is not a good and healthy long term strategy
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James U
Net cash RM528m. After RM100m dividend still left with RM428m. Based on RM1.5b annual revenue, the cash level is about 3 to 4 months of revenue. More than enough unless they want to acquire/ build a new plant.
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Nw. JFF
actually the cash is decrease alrdy compare with last quater..... They use some cash to pay off the current liabilities...almost no debt now
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James U
Net cash reduced by about RM100m over the recent quarter. Mostly to pay off suppliers. This is just quarter to quarter fluctuation. Most importantly year by year operating cash flow trend is good. Capex need is low. Cash accumulated is mostly used for working capital. They still have ample cash after distributing the special dividends.
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