Foreign investors have no problem investing in other stocks. Why should RGB be any different? Institutional investors will buy when there are analysts covering the stock. None here.
Share consolidation serves no purpose. Price will just adjust. With so much cash, better do a share buyback. With a smaller number of shares, the eps will increase and so will the share price.
you are right foreign investors can always invest in RGB, no issue here. there is an issue in dividends, the dividends is paid in RM. according to MD, Datuk chuah, the foreign institutions didn't want to hold too much dvds in RM due to forex lost. As you may know, RM can only trade in M'sia, not in overseas.
I have no problem with the # of shares issued, the BOD can always do share consolidation to reduce the #ofshares, sell existing shares (new shares if needed) to foregin inst. and listed in overseas.
Regarding the share buyback, IMO, the company will rather invest the capital in new gaming machs., than to pop up the share price. how long can the share price sustain?? I think it make more sense to invest in new machs., venture into new frontiers e.g. mexico (10 machs--2017, 100 machs --2018, ????machs --2019), S American coutires, etc, and let the market decides the share price and its own course.
@7210, foreign investors receive dividends from other companies that they invest in. So what is so special about the RGB dividends that causes problems to foreign investors?
everybody has its own worries and concerns due to forex loss as RM isn't tradeable. The best way to obtain the answer is either attend the AGM or email the question to the mgmt.
good amount of patience is needed to trade RGB successfully. It will shine when the time comes. Future growth prospect is locked, its just a matter of time only.
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....
Takashi
296 posts
Posted by Takashi > 2018-07-18 22:38 | Report Abuse
roket up