Instead of putting your money into the bank ,must as well better buy this stock as this stock gives better dividend while waiting for the price to goes up. As the proverb says "One stone kills two birds "
@tahong, nonsense! Redtone dividend is a miserable 3.4%! Many others company give higher dividend than redtone. Maybank 6.6% Osk 5%. Redtone got rm120mil cash in bank but sooooo stingy in dividend
Redtone need activist shareholder like Apple's Carl Icahn to force company to do something with its huge pile of cash. Return it to shareholders! speakup surprise VT as major shareholder of redtone is not playing this role. He should force redtone to return at least 1/2 the rm120mil cash to shareholders. This benefit him too as he owns most of redtone.
So the money is returned to you.. then when opportunity comes, got not enough money, then asks for money from shareholders.. then u will be singing a different tune.
Redtone have not make any acquisition for years! When businesses was bad during covid, did they use opportunity to acquire any business for inorganic growth?
Returning money to shareholders is not bad thing. Carl Icahn did this to Apple in 2014. Apple that time around us$25. After that Apple went as high as us$175.
why speakup still come back .. since u have said good bye to redtone .. maybe your point is right .. but how about if you are wrong ? you may stop others ppl for making good profit .. if redtone share price keep moving up later..
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....
Anaconder
1,031 posts
Posted by Anaconder > 2023-01-26 10:57 | Report Abuse
Low volume beware !