@stockmanmy, for once I agree with you. WTK is badly managed with the family quarrel and all. The company is solid and the prospects are good. Hard for the share price to rise with these family tussle is ongoing.
for one reason or another , timber people going plantations always end up in failures.
Jtiasa is a case in point.
Every year, the AR of Jtiasa says their plantation earnings are coming...always coming but never come.
These timber people very good in chopping down trees. Not so good in planting plant. Successful planters are caring people, many are developers. They need to be good in caring for the trees and in building things.
Timber people are good in chopping down trees. In destroying nature. Most of them are from very rough backgrounds. These are crude and rough people. They use crude and rough tactics. Their trees die.
Well said...be careful...don't buy stock with family problem..and through the years the WTK shares price was all traded downward...not excited at all..go for stock with lot of up and down..
Hahahah, Fortunebullz,, ypu got a point there. I will seriously consider your point. You are correct, planters are caring ppl, else hard to succeed..... i know lots of good planters.
OTHERS W T K Holdings Berhad ("WTK" or "the Company") -Clarification on articles appearing in The Edge Malaysia on 30 May 2016 entitled "Family feud rocks Sarawak's WTK" and on 6 June 2016 entitled "WTK Holdings' top brass allays concerns over family tussle" WTK HOLDINGS BERHAD
Type Announcement Subject OTHERS Description
W T K Holdings Berhad ("WTK" or "the Company") -Clarification on articles appearing in The Edge Malaysia on 30 May 2016 entitled "Family feud rocks Sarawak's WTK" and on 6 June 2016 entitled "WTK Holdings' top brass allays concerns over family tussle"
Reference is made to the aforesaid articles appearing in The Edge Malaysia, on 30 May 2016 and 6 June 2016 in relation to the ongoing family tussle of Pemanca Datuk Wong Kie Yik and Mr Wong Kie Chie, both who are directors and substantial shareholders of WTK with Datin Kathryn Ma and her family.
Please be informed that :-
a) the litigation reported in the aforesaid articles is between the families of Pemanca Datuk Wong Kie Yik and Mr Wong Kie Chie with the family of Datin Kathryn Ma; and
b) the Company and its group of companies is not party to nor is involved in any of the litigation mentioned in the aforesaid articles.
The Company will make the necessary announcements in the event the aforesaid litigation has an impact on the Company.
EX-date 17 Jun 2016 Entitlement date 21 Jun 2016 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Final Single-Tier Dividend of 4.98% or 2.49 sen net per share of RM0.50 each in respect of the financial year ended 31 December 2015 Period of interest payment to Financial Year End 31 Dec 2015 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no Symphony Share Registrars Sdn BhdLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul Ehsan, MalaysiaTel. No: 603-7841 8000 / 603-7849 0777Fax. No: 603-7841 8151 / 603-7841 8152 Payment date 05 Jul 2016 a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 21 Jun 2016 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Percentage Entitlement in Percentage (%) 4.98 Par Value Malaysian Ringgit (MYR) 0.500
Ya bro, for me, why wait... i had already investigate, most of the seller come from maybank from those who buy... we small2 player, cant go against big player...
bear in mind that I don't ask you to sell or buy, this is only my personal opinion. true, they might come back, but don't know when... if shares like this, I am sure that at last, it will break rm 1 level
WTK is a well managed company with nil borrowings. It has never suffering any losses since year 2010. Profit is solely contributed by Timber segment. But the performance was dragged down by plantation segment.... RM 285.5 million was invested in Biological assets for 11,800 hec land and costs RM 24,500 per hec. It's rather high while comparing with TAAN of RM 8,300 per hec.
It may take at least 7 years for the young trees to grow into mature stage for peak harvesting period. Currently, WTK has started harvested FFB 43mt per year. The volume of FFB harvested will grow year by year until peak at about 240 mt per year . It should be ok if you are a long term investor.
Wtk is value investment....not growth investment mah....!! That's the reason why it will longer time for the share price to move up loh....bcos value investment gestation longer loh...!!
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....
paperplane2016
21,659 posts
Posted by paperplane2016 > 2016-06-03 22:53 | Report Abuse
Coldeye jump 8n