Dear friends of i3 Forum,
There are some interesting facts you need to know about TSH Resources
1) Tsh by May 2024 Results should be Debt Free And Cash Rich
See TSH balance sheet again
Refer Bursa website
SUMMARY OF KEY FINANCIAL INFORMATION31 Dec 2023 |
| INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
| CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
| 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2022 | ||
| $$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 260,928 | 281,585 | 1,066,516 | 1,305,999 |
| 2 | Profit/(loss) before tax | 58,402 | 66,542 | 197,639 | 557,297 |
| 3 | Profit/(loss) for the period | 31,907 | 50,685 | 125,667 | 524,993 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 25,426 | 44,168 | 94,961 | 456,407 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.84 | 3.20 | 6.88 | 33.07 |
| 6 | Proposed/Declared dividend per share (Subunit) | 2.50 | 2.50 | 2.50 | 10.50 |
| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.4831 | 1.3772 | ||
This latest Feb 2024 results showed a profit of Rm25,426,000
Now let's go see again its balance sheet
Non-current liabilities
Loans and Borrowings 110,963,000
Current liabilities
Loans and Borrowings 191,157,000
Non current & current loans
totaled = Rm302,120,000
Now less its cash & cash equivalents
Rm250,138,000
Short term funds 5,349,000
Investment securities 28,094,000
Other current assets 5,935,000
Totaled = Rm289,516,000
Total debt less cash
= Rm12,604,000 (total net debt)
So if TSH's earnings remain status quo at just Rm25 millions this month
THEN TSH WILL END IN CASH SURPLUS POSITION
2. MORE CASH ON THE WAY
Sale of Bulugan was Rm731.09 Millions
out or 3 portions two sale of two were completed and cash about Rm500 Millions received
(much of this was used to pared down debt)
Now remaining 13,338 acres for Rm221 Millions to be received by 4th July 2024
That will be 16 sen gross. Taking out 10% shares of Garibaldi Thohir the Net cash is 14.4 sen
If in this will be reported in the following Quarter Results
3. AUGUST 17 2024
OFFICIAL LAUNCH OF IKN NUSANTARA (Phase One)
And preparing for INCOMING INVESTMENTS
IKN NUSANTARA HAS CHANGED LAND LAW. Land ownership in IKN NUSANTARA can now be extended up to 190 years
For Lands in Ikn Nusantara
There is a change to as long as 190 years
Read this
Investors in Nusantara Capital City (IKN) will be granted a right to cultivate (HGU) of up to 190 years as the House of Representatives (DPR) have decided to ratify the IKN Bill to be a law.
DPR Deputy Speaker Sufmi Dasco Ahmad was the star at the 7th plenary session that was held on Tuesday (3/10). The DPR leader from Partai Gerakan Indonesia Raya (Gerindra) chaired the level II discussion that determined the Bill on the Amendment to Law No. 3/2022 on
IKN to be passed as a law.
After Sufmi Dasco has affirmed his approval for the IKN Bill to be a law twice, the meeting participants agreed.
Read in Full
IKN Bill ratification: The way is paved for investment in Nusantara
Not only that
They Upgraded 54 Villages in IKN NUSANTARA TO BE NEW TOWNS
For IKN NUSANTARA
Not only they allow land use to go up to 190 years from 35 years
THEY ALSO INSTANTLY CHANGE 54 VILLAGES TO "NEW TOWNSHIPS"
See
Villages in IKN Nusantara to gain town status: OIKN
https://en.antaranews.com/news/310635/villages-in-ikn-nusantara-to-gain-town-status-oikn
It took Seremban, Melaka, Kampar and others quite some time to become "Townships"
IN IKN INDONESIA
THEY BUILT
IKN NUSATANTARA (NEW CAPITAL) IN JUST 2 YEARS
By August 17
It will be launched Officially
Concurrently
These will be launched
1. New Connecting Highway from Balik Papan to IKN NUSANTARA
2. NEW 5 Star HOTEL
3. New Hospital
4. New International Airport
5. New Presidential Palace with New Govt Servant Qtrs
Many more
Apple Tim Cook invited to build Smart Connection
Elon Musk invited as well
THE MOST EXCITING BOOM WILL BE HERE!!
SO LAND PRICES HERE HAVE SKYROCKETED UP BY AS MUCH AS 1,000% TO 800,000% FOR SOME
TSH BOUGHT THOSE LANDS HERE . 94700 ACRES FROM RM4,500 PER ACRE
NOW AS HIGH AS RM4.2 MILLION AN ACRE
ASTOUNDING INCREASE OF VALUE
AFTER AUGUST 17 2024 INAUGURATION WILL BE FOLLOWED BY NEW INDONESIAN PRESIDENT INAUGURATION ON OCTOBER 2024
PROBOWO ALSO OWN LOTS OF LANDS IN EAST KALIMANTAN
ALL THESE ARE VERY POSITIVE DEVELOPMENTS UNFOLDING FOR TSH RESOURCES
Warm Kind Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
IKN NUSANTARA
ONLY PLACE ON PLANET NON STOP ONGOING CONSTRUCTION BOOM
https://www.youtube.com/watch?v=hslm0gONIDw
