Overdoing Share Swaps-Punishing YTL Corp Shareholders

Sacrificing shareholders?

The  price of YTL Corp shares should have gone back to RM 2.15 if not for all these paper shuffling done by Francis at the behest of the shareholders.

He wanted YTL  Cement back and so he privatised it. No, he did not pay any-one of those YTL Cement shareholders with outright cash. He swapped papers and sapped the strength of YTL Corp and the share went down to RM 2.50. Just about gaining back his strength like a hurt Samson, he swapped again another bond with YTL Corp shares at RM 1.70.

So, today the counter is languishing at RM 1.75, dithering backwards and forwards with no energy to proceed.

Give us some cash-lah!

Francis has also informed that finally the only YTL company to be listed will be YTL Corp as he intends to take private all the other listed entities.

My fear is with all these additional papers swimming in Bursa, there is little chance that the mother share can have a good price.

What do you say, Francis?

As you have so much cash in your kitty-more than RM 14 billion, give-lah a 2 for 1 bonus issue!

That would be graceful of you as God wants it to be!