upon checking , the co has yet to purchase any shares back into Treasury except only one single time at 10,000 shares somewhere in July 2013 . After that , no more buying though approval given in the last AGM to purchase 10 % shares back? Those hungry sharks are waiting for cheap offer esp when the index breached 1700 and coming to support at 1650. looking as though is a speculative play to make hearts sink further when it touches a height of 582 but succumb to selling at a low of 436 n stabilises at 4.42 . No news yet after 5 pm? so what will happen tomorrow is anyone guess.
dah banyak 5 pm berlalu , tapi takde berita langsung pun ? Co cuma beli sekali pd harga 501 @10,000 saham pd tahun 2013? harga turun naik macam naik kapal , cuma belum tengelam saja ? apa akan terjadi apabila tak jadi bayar dividend besar yg ditungu-tungukan? rasa % turun lebih tinggi drpd naik? apa pendapat hang semua?
The Board of Directors of Keck Seng (Malaysia) Berhad is pleased to announce that an Interim Dividend of 5% Less 25% tax in respect of financial year ending 31 December 2013 has been declared payable on 20 November 2013 to shareholders whose name appear in the Record of Depositors at the close of business on 28 October 2013. This Announcement is dated 29 August 2013
Last year's interim dividend was only 4%. This is a 25 time increase over last year. What is that to complain about? Don't worry, Keck Seng would earn RM 8 billion this financial year from its RM 800 million cash instead of RM 8 million last financial year.
looking hard at the style of this management , they r hopeless lot coz only think of themselves esp the major shareholder's interests. Just on taxation supposed to be refunded but keep quiet until it lapsed? sold off assets like parkways n other equities but choose to keep the whole lot in the chest . Approved 10% buy back year after year but no action taken . All the gestures r routine in the AGM , seeking opportunities n to wait at the appropriate time ? Seeking approval to increase the directors fees year after year ? Do they ever think the hardships faced by the minority shareholders? The answer is NO...I think someone got the guts must make known to the management that their ways of doing things r unacceptable ...we need CHANGE. What say u my dear friends?
I like to advise all the hopefuls do not ever paint a good picture of kseng . u will get hurt in the end instead . Better for us to shift to other more exiting counters like prkcorp, cbip or myeg....that will guarantee us better returns.
During latest AGM, just look what did the directors answer to shareholders Qn. Like why lands not re-evaluated for years. Answer wish to save cost of re-evaluation. Guessed what reply: if re-valuated, need to pay higher quit rent lah.
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....
Lim AS
275 posts
Posted by Lim AS > 2013-08-28 17:31 | Report Abuse
upon checking , the co has yet to purchase any shares back into Treasury except only one single time at 10,000 shares somewhere in July 2013 . After that , no more buying though approval given in the last AGM to purchase 10 % shares back? Those hungry sharks are waiting for cheap offer esp when the index breached 1700 and coming to support at 1650. looking as though is a speculative play to make hearts sink further when it touches a height of 582 but succumb to selling at a low of 436 n stabilises at 4.42 . No news yet after 5 pm? so what will happen tomorrow is anyone guess.