Hi, fellow ACS, 1970 right ?. Have asked James for annual report,but did not get.This share a bit slow lah. IMHO, Better maybe to go for others like QL, Yinson or Benalec.
landbank in iskandar region n situated in the growth triangle . Prospects for land value appreciation in the offing....jualan murah sekarang...he...he...he
According to HwangDbs, the tax law will forfeit the money if it is not paid as dividend. The deadline is 31 Dec 2012. Hwang Dbs estimate at least 0.98 must be paid before 31 Dec 2012.
If you check the Annual Report 2011, search key word "imputation". It says the same thing. Check yourself.
Let the price up very slowly to not attract many investors. Holding power is the key for this stock. One year deadline for dividend. But I dont think we need to wait a year to get the update from management.
But the dividend might not come until very much later in 2013, at the latest on or just before 31 December 2013. Having said this, correct me if I'm wrong, an average 18% nett gain over current price for a year's wait is still very attractive. And there's a chance of the share price going up to 6.00, according to analysts, so why aren't people holding on to the stock until they get their dividend and then perhaps sell it at a very much higher price, say 5.04 after the price has appreciated and gone ex-dividend.
there is a transitional period of 6 years, expiring on 31 December 2013, to allow companies to pay franked dividends to their shareholders under limited circumstances. Companies also have an irrevocable option to disregard the 108 balance and opt to pay dividends under the single tier system. The Company did not elect for the irrevocable option to disregard the 108 balance. Accordingly, during the transitional period, the Company may utilise the credit in the 108 balance as at 31 December 2011 and 2010 to distribute cash dividend payments to ordinary shareholdings as defi ned under the Finance Act 2007. As at 31 December 2011, the Company has suffi cient tax exempt balances and 108 balance of the Income Tax Act, 1967 to pay franked dividends amounting to RM358,506,000 (2010 : RM384,029,000) out of its retained earnings. If the balance of the retained earnings of RM546,480,000 (2010 : RM594,853,000) were to be distributed as dividends, the Company may distribute such dividends under the single tier system.
this counter is like kulim the second, before special dividend (should be above 90 sen for kseng), share price hover around RM3.80, after announcement share price shoot sky high, pls join in the fun before the share price sky rocket pass 5.00
Cash have reach RM687.3 million(RM1.30 per share)as at 30/9/12, NAV RM5.02, share price have breach previous 52 week high of RM4.46, company's Johor land is extremely valuable, i think the share price can easily make new high everyday
kseng directors must decide when to give this cash dividend...otherwise taxman will forfeit after 31st December 2013.. u decide when u want to buy or not to buy....... in addition land revaluation is great since kseng owns large area near JB...now hot value...if present directors cannot satisfy shareholders...ie u and i included then i think many will cry foul.... I m not sure how most would take such waste of free tax money U guys tell me...........................
Kseng has not been a hot counter for the past few years, and most people had already given it up despite of its solid fundamental. For its share price to move up so strongly last few days, it could be something very significant behind and the 'smart money' went in to pick up all the shares they could before it reaches a certain level. At this stage, we don't need to bother much about whether it is due to special dividend, land valuation near JB, or privatisation etc. As the mkt 'nett buying' force is strong, there is high probability that more upside before it makes a pause to catch its breath. So just 'hold' to let the profit run. Appreciated good infor and comments made by feigo and sephiroth.
nightrader, printing stopped aka profit taking is inevitable, after shooting up 59 sen last week, lost a few screw is ok, at least 2 days profit taking,resume uptrend maybe on thurs or fri
Hi sephiroth, I mean we need to learn the lesson on historical price trend. In July 2012, the price shoot up from 3.80 to 4.40 in few days, just like what we experience now. Then the price had a sharp fall and then slowly went to 3.8x again.
If no big player buy, the price would fall very fast.
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....
hugosim
114 posts
Posted by hugosim > 2011-05-19 23:57 | Report Abuse
but with good dividend paid out