IF giving high dividen due to excess cash to reward shares holders may go up but giving high dividen despite highly geared is not something you should be happy about.I remembered many yrs back Melewer previously named maruchi borrowed money from bank to give more than $1 dividen!I discouraged clients from buying but share price did go up.However look at melewer prce now! It's in the shits!From a good well managed company to a lousy company.Previously it was well managed till taken over by the new management who borrowed money to give high dividens!
To me, this is a shortchanged deal! Par value is reduced by 60%(from 50 sen to 20 sen), but cash distribution is only 40%(8 sen out of 20 sen). If it is an outright cash payout, why tie it with other condition?
Thanks Calvin, For promoting pmcorp for so long n finally the cap repayment of 8cts is a real thing now!! Just can't wait to see how much the price will reach this round. When u said limit up, how much will that be? The co can easily give 12cts n still got half of the cash for their operation need! Agree with u that Kkp cos got deep values not revalued yet but the present operation is lousy. Metrojaya in the red now n even the chocolate business nothing to shout about. Having sold Pm holding now awaiting SC clearance, I believe if the price is right KKP would sell the rest of his cos. Just like u said,' time is of essence'. Stay the course.
most likely will drop or unchanged, once capital reduction for debt means "bad sign", even the cash distribute also no use it will adjust 8 sen down once ex-date. I doubt it will play up , better avoid !!!!
Better leave this counter , once money distribute, price might hanging 15 sen.for long period. No potential,no prospect,basically all associates are losing money, only sitting on some cash reserves but very soon will use for ............ Chow before regret !
After this capital distribution of RM0.08 per share (ard RM54M,basing on 708M shares), they still have ard RM89.1M cash left or ard RM0.12 cash per share. But their biz outlook is rather unclear.
Calvin, what will be the possible effects on PMC if the proposed disposal of the 82,749,507 ordinary shares by MEGAWISE Sdn Bhd of Pan Malaysia Holdings Berhad?
Calvin, what will be the possible effects on PMC if the proposed disposal of the 82,749,507 ordinary shares by MEGAWISE Sdn Bhd of Pan Malaysia Holdings Berhad goes through?
Pm Corp got lots of Cash Lots of Assets at Old Book Value. Lots of loans to subsidiaries. Also investment in Laura Ashley South America. And other hidden value.
Kong Hee preached to the emotionally/spiritually needy; Calvin preached to the financially needy. Kong Hee was loved and praised by his audience while Calvin was s****......... Calvin, thanks for sharing your thoughts!
There is a saying, "You can eat anything you like but you cannot say anything you like without consequences"
Jesus said, "But I say unto you that every idle word that men shall speak they shall give account thereof"
See last time there were people like MrTigerShark, Sang-jero, anbz, cherry tomato, mikekong55, jcool and others who came to Pm Corp Forum and spewed nonsense.
See their bad karma? They have been hit had by what they sowed. All have disapperaed from i3 forum for a very long time because they have been haunted by their own evil.
Whoso reward evil for good ; evil shall not depart from his house!
Now on Sept 20th 2013 I called for a buy on Pm Corp at 15 cents.
At today's closing price PM Corp is up 8 cents for a 53% gain in 2 years. That's 27.5% profit yearly for 2 years.
You must check this fact out whether it is true or not?
Posted by Harvard57 > Nov 30, 2015 09:34 AM | Report Abuse X
Better leave this counter , once money distribute, price might hanging 15 sen.for long period. No potential,no prospect,basically all associates are losing money, only sitting on some cash reserves but very soon will use for ............ Chow before regret !
Stock: [SONA]: SONA PETROLEUM BERHAD Dec 1, 2014 11:01 AM | Report Abuse
5 weeks ago i already warn n warn n remind AVOID all oil gas stocks,and yet dont listen, since then then some counters already dropped 30%, worst is not over yet, all spac consider rubbish stock bcos its mean for oil gas, foreign funds are unloading all oil stock so they can hav a peaceful Xmas.
Stock: [SONA-WA]: SONA PETROLEUM -WARR A 13/18 Dec 12, 2014 04:23 PM | Report Abuse
all stubborn heads, keep remind to avoid all oil n gas specially spac, dont listen, i just see how much money you guys got to buy again !
Stock: [ICON]: ICON OFFSHORE BERHAD Dec 23, 2014 09:38 AM | Report Abuse
I hav warned that crude price will b 45 to 55 for next 2 years, can you guys wake up !, This is a political game one stone kill 2 birds US want Russia kayak bcos of shooting mh17, second thing is US want to make sure no more countries curi curi buy 30% discounted crude from ISIS, now ISIS has to beg for buyer @35 but their production cost is close to 40 as no more spare parts to operate the problem wells. uS already pre warn all friendly countries including msia. Only those stubborn heads like you n china will suffer as china will b facing a serious crisis soon bcos of melt down of Russia ..............avoid completely oil n gas , big shake up is in progress ! I doubt you guys can withstand it Stock: [ICON]: ICON OFFSHORE BERHAD Jan 13, 2015 01:34 AM | Report Abuse
Told u guys oil will crash after Xmas, still don't listen, let me warn again after winter, when oil is in surplus,it will dip further. Now US is re fix the oil price after paris attack by ISIS , if ISIS is not destroy us want the oil to trade at 45, us want Russia economy collapse n reverse damage the china economy. Slowly u will see china distant from Russia n b more friendly with japan n korea. Simple as that,u allied with us, will be the biggest beneficier , do u know which 3 countries are enjoying the low oil price ? Of course us friends of japan,korea n spore lah.
this joker just joined today and posted 21 post, ALL 21 post talk good about another JOKER, to be precise he or they are desperately asking every one to help support 2 counters which I believed they have trapped !!!!!! ki ki ki
A Million Yes!! There is a super joker namely harvard57....
Who promoted HIBISCS @ RM 2.20.... and HIBISCS got LIMITED DOWN MANY TIMES, losing 90% of its initial value, approaching the price of PMCORP... What a joke, man....
Harvard57.
Joke #2..... A Billion Yes!!!!!
The joker (harvard57) issue a SELL CALL on SOLUTN (at 15 sen)....
and what happened next?
Canon Inc, acquired a subsidary of SOLUTN.
SOLUTN LIMITED UP MANY TIMES, more powerful than PMCORP.
SOLUTN is now 160% up from the price where HARVARD57 yells... SELL....
The biggest joke of the bi-annual year (2014~2015)
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....
Annetan
852 posts
Posted by Annetan > 2015-11-28 10:11 | Report Abuse
IF giving high dividen due to excess cash to reward shares holders may go up but giving high dividen despite highly geared is not something you should be happy about.I remembered many yrs back Melewer previously named maruchi borrowed money from bank to give more than $1 dividen!I discouraged clients from buying but share price did go up.However look at melewer prce now! It's in the shits!From a good well managed company to a lousy company.Previously it was well managed till taken over by the new management who borrowed money to give high dividens!