I think this s a company better dead than alive. This kind of NCAV stocks are not for long term holdings and definitely do not buy them for management qualities. Once the discount to NCAV is narrowed, it is time to move on, and the author is merely suggesting ways to narrow that discount.
Dr J Tey's letter has some good points. Perhaps this will breath some air to alive the "dead" as Noby has suggested. (Somebody could just bought over the company if not careful!) Management has to change in order to keep pace with development; old, passed-the-expiry-date guys will just have to go to allow new guys to stimulate growth.
unless someone launches a serious threat to even out the shareholding spread (which is unlikely) mr KPS will see no reason to reward the already small % of minorities. He still gets his big fat pay monthly with all perks...buy a Daimler or Porsche.... kpscb stock will only move northwards if there is a challenge to kps as a major substantial shareholder. otherwise he'll dumped a couple of million shares and its back to 39c again.
Need the guy (John) to write to the MD of kpscb again.. Few ways to reduce the "undervaluation": 1) share buy back 2) give free warrants 3) management buy out (MGO,VGO), etc .. Now the land sale dispute is already resolve kpscb shld be able to refocus :)
Calvin has his fair share of victims and also beneficiary (although mostly I would say is victims).. But not entirely his fault as nearly all the share tanks in first half of the year Now maybe Calvin finally can predict correctly
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Posted by matakuda > 2015-06-02 12:44 | Report Abuse
Phd but act like a novice investor. You should suggest ways to enhance the business, and let the price to be decided to Mr. Market.
What? You want the directors to abandon their core duties and play shares instead? Sounds very weird from a PHD holder? Where did you obtain your PhD?