can see that Boustead didn't want to cooperate with the SCR. look at both presser and you will understand. Surely Boustead will be hard pressed to pay dividend or push up the share price. do remember that LTAT being the major shareholder can vote against their BOD during AGM.
Boustead MD feels he can turn around the congolemerate { the bigger Q} can LTAT afford to give him the freedom and time to execute the turnaround story. Pricing of Boustead stock means everything
dont think dividend will amount to much tho. whereas capital gain allows them to book in larger gains. take today for example. 0.71->61c drop = 120.5m (based off 59.42% holding) of NAV loss to their fund overnight
Luckily I still have kawan here, I am not alone, eh, actually which counter can collect now and wait for market recover? So far im holding Bumi Amanda , Genting Malaysia, YTL, Boustead, Airasia.
You are not the only one who believed and bought into the LTAT / Boustead saga. Imagined LTAT deliberated 8-10 months then applied for a market suspension . making a u turn { trust defecit and totally irresponsible}
Lol. There’s still hope that it will be privatised. Like i said, it will come in as a surprise on one fine day, unlike to what just happened where there’s a timeframe given and people will just come in and speculate.
anyhow the share price is below fair value and also have many good subsi, just sit and wait for more positive news. Today just annouce cannot visit relatives, can save aside some angpow.
usually its the same old story, usually crafted around themes such as create value, spin off non core, sweat assets to perform, alight business functions, staying lean etc etc
Good time, diversification strategy to push up. Bad time, business focus strategy to push up. Goreng anyway. BoD and management and insiders are the winners. Est liquidity problems.
0.585 can go in to keep for short to mid term, market will recover anyway, but no news to push up shars prices, only wait for market recover to average....
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....
skc761103
200 posts
Posted by skc761103 > 2021-02-03 14:44 | Report Abuse
no one can predict the market, anything is possible....important thing is dont lose money