btw, @niki bot into parkson at 57.5sens in jun 2017, thats why he so angry with me.
lol..........
Posted by nikicheong > Jun 5, 2017 10:23 AM | Report Abuse
PRGL up by another 7 cents so far, Parkson Bhd is down 0.005 sen. I mean, WTF? How can there be such a divergence? I feel like this is a classic case of a mispriced security...but I don't have the guts to go all in. I am going to "wait and see" and learn...but I may regret not throwing in everything at 0.575.
You are right. Their inventories(clothing,shoes, etc) can easily turn into cash if give huge discount(worse come to worse scenario) bec easily sold unlike properties or Jho Low yacht.
Posted by Jon Choivo > Aug 25, 2018 08:57 PM | Report Abuse No lol. Because parkson is damn liquid despite all the loss for the lat couple years.
Where is the logic if major shareholders already in financial distress and still want to ask for RI? Who is going to subscribe if major shareholders decline to take up their entitlement? Hoping minority shareholders to give money to BOD to keep floating???????
If WC still has money, he won't sell 56m Parkson shares to LionForest at 75 sen for total of 42m.
Those Parkson shares were his personal holding, he passed them to LionForest to take out (siphoning) from the minority shareholders. The proof of 'integrity' and 'ethics' of Parkson Chairman and CEO.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lizi
1,968 posts
Posted by lizi > 2018-08-25 10:59 | Report Abuse
why parkson drop so much on friday?