Friday, August 24, 2012

Only one-third of proceeds goes to Astro

The EdgeDaily yesterday reported that proceeds from the IPO would be used for the following:

This shows that a possible netting of RM3.764 billion by both Ananda's company and Khazanah.

Hence, what does that tell you. It is going to be a dividend stock. If you are looking for dividend, this is not a too bad a stock however, it will face challenges in terms of its business in future.

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