I think this counter has the fundamentals but the share price is stunted due to EPF unloading everytime the share price rises & it has a lot to unload.
The good news is that this MD is older than me. I forsee that the soonest he would only be able to declare the much deserved big dividend is when he's lying on his deathbed - unable to move much and clean himself.
Looks like this stock is going nowhere. No incentives to shareholders. EPF has a ton to unload so each time wants to go up, EPF is there to depress it. There's also no dividends. Even the food at AGM leaves much to be desired. Wishing for quick departure of MD. Bye Bye !!
I'm happy with EPF's purchases but somewhat puzzled with their "buy high sell low" tactics.
Briefly going through Box Pak's financials, it's high operating leverage - generating a huge turnover but tiny profits and it's absence of dividends are perfect combination for a low share price.
If that's the case, then appears extremely foolish to spend a great deal of money incurring transaction costs and buying high selling low ... just so that their financial statements look pretty.
lots of idiots in EPF.. let syndicate (kawan) to buy low and they begin to buy high and let the syndicate to make profit when they sell. that is why ASB can pay very high dividends either good or bad time with the help of EPF.. boss instructions..
EPF's stake was 8.572% on 13 Dec 2016 after hundreds of thousands of shares scooped up from the market, it's stake as of 23 Jan 2017 was 8.992%. This resulted in the share price appreciating 20 sen.
mcheat why Boxpak OR even up yesterday when mother below RI price RM 1.89? Is it Kian Joo mopping more? Could they privatise BoxPak?
mcheat If you read boxpak circular correctly, kj may need to fork out 120 m to subscribe for RI!!! I doubt anyone will subscribe and kj is underwriting it!! 20/12/2016 16:09
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....
6T5949
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Posted by 6T5949 > 2016-10-14 09:32 | Report Abuse
KJ with health statement...but why don't volume always...