To summarise it looks very attrcive on highestvdividnd note ever ..i think..on d negative side however is the grwth n timing risks of tis exercise..with sale of its arm in singapore ,it has left with less revenue driven driver n could effect their earnings ... After capitalredcution on exdate ,ur $2.89 will becomes ,.42 cts just assuming u bought its shre at $2.89 ,ystrday closing price...are we willing to wait for length of time frm .42 cts to reach 2.89 again ...mybe 2 years or more..mr mark chang has retired fr good n will the compny has the same ability to propel to new growths n expanding clients,employees portfolio to greter value.. Not sure if it is good offer n lives with another 3 to 4 years to recover ur costs..unless jobstreet growth related perfrmnce is just damn good .. Just my tots,plese commnt ifany..
>>>>>2.89 - 2.66= 0.23 cts ; atfer exdate. ....question is ...will d compny conitinue to gorw handsomely n gain mrkt confidence after tis exdate...? Jobstreet have sold if not in singapore all of its online recruitmnt to Austrlia seek. Not sure if they have enough bullets to move on...
Closed price rm 2.94. Between now and ex date two weeks from now, the most I can lose is rm 2.94 - rm 2.67 = rm .27. Upside is about ?x book value of remaining assets rm .37 per share. I have seen many penny stock trading at lofty valuations and I'm sure jobst post distribution will see the price it deserves. With so much uncertainties in the market, why sell off this stock now when its almost certain to get back 90% ur money in just two weeks. Please go look at penny stocks and compare their net assets to jobst post distribution and u will see there is still much room for price improvement. Hold I will most certainly.
if let said i now buy at 2.94, then after the adjustment stock price on Ex-date, it will become below 0.50 smtg. it will take a long time to rebound back to the price of 2.94. please correct me if i am wrong. i just wonder is it worth to buy it? the special dividend is very attractive.
If its shares falls below $2.67 (special divident) ,jobstreet could be assetless unless it finds money to pay ..that could trigger,PN17 unless the compny has stockplie in cash...plese commnt ,if any..
after this special single tier div RM 2.65 and an interim div 1.75 c , you have to wait hell of a long term again to see any appreciable div coming.....it will be back to a penny stock......hope that people may see this stock again....
And while he will be looking forward to the next 10 years where he aspires to help create the next 10 hot billion-ringgit startups with his personal funds, he will still be running JobStreet.com Bhd, the Malaysian-listed entity that even after selling off its Internet assets, will have other assets worth around US$100 million.
These assets are a combination of cash, physical assets and stakes in four existing businesses in the region, starting with Innity Bhd (22 per cent) in Malaysia, 104.com (22 per cent) in Taiwan, Asia Travel (four per cent) in Singapore, and 1010.com, a printing business in Hong Kong serving the China market.
Of course there will have to be a name change and then it will have up to a year in which to find a new business to focus on. While Chang does not discount buying out an existing listed entity, it has to be in the technology space and specifically, “be a consumer Internet” company playing in Southeast Asia.
In his interview, Mark Chang mentioned 3 important points : 1) continue to enhance shareholder's value 2) new business in internet consumer 3) 2016 is the best time to invest because current valuation is too rich.
At below 30sen u buy lah, u dun short term lah, u simpan until they found a new biz lah. u check their annual report for their assets lah, sell jobstreet liao this stock still worth 60sen.
today too bull bcoz market up 27 points after down for few days ... this stock still can pull ppls & other institutions' interest bcoz of its good will & r wellknown .. we can see buy vol. 4,577,000 while sell vol. 1,672,000 ... within 1 year it can reach back TP Rm1 or mybe less than that ...
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....
seungi
81 posts
Posted by seungi > 2014-11-27 21:35 | Report Abuse
after exdate, the stock should worth abt 40 cents only.......