the bursa journey that worked for me. 2000-2019

WHY CEOS AND MAJORITY SHAREHOLDERS MATTER WHEN STOCK PICKING

Philip ( buy what you understand)
Publish date: Wed, 16 Jan 2019, 01:17 PM
How to invest for the long game.

Hi All,

I will try to keep my information and writings short. I believe it is a mark of old men (KYY, SSLEE and myself) to tend to ramble on. i THOUGHT it would be good to give more insight, but SIFU stockraider has said I am very long winded. Thus I will try to keep information, informative. So you can do your own analysis.

 

WHY CEOS AND MAJORITY SHAREHOLDER MATTER 

 

STOCK ANALYSIS: PROTASCO

NATURE OF BUSINESS: ROAD MAINTENANCE CONCESSION. HIGH DIVIDEND, GUARANTEED CONTRACT. GOOD PAYMASTER

FOUNDER: Chong Kat Pen,Hasnur Rabiain Bin Ismail

MANAGEMENT START PROBLEM DATE : POST 2014 -> CKP buy out hasnur rabiain

 

MAJORITY SHAREHOLDER: CKP

 

WHAT DID HE DO:

1. BORROW MONEY FROM GLOBAL CAPITAL TO FINANCE BUYOUT.

2. APPOINT OWN BOARD OF DIRECTOR CRONIES.

3. APPOINT CHILDREN AS COMPANY DIRECTORS.

4. INCREASE DIRECTOR AND MANAGER SALARY

5. DO QUESTIONABLE PURCHASES OF COMPANY ASSETS UNDER HIRE PURCHASE

6. COMPANY REVENUE STAY DEPRESSED. EARNINGS ARE LOWERED ON BAD INVESTMENTS.

7. DO SHARE STOCK GAME, SELLING OF WARRANTS, SELL HIGH AND BUY LOW OF OWN COMPANY SHARES

 

HOW TO SPOT?

 

FIN. 

 

 

 

Discussions
1 person likes this. Showing 2 of 2 comments

KLCI Going Heaven

dodgy bastard

2019-01-16 23:03

Choivo Capital

Yeap.

2019-01-18 13:10

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