Toyota boneshaker mobile has finally seen that the downside is more each time there is a slight tick up.......he has embraces his defeat and accepted his financial losses.........now have peace of mind and RIP too.
Directors need to think about shareholders interest and not self interest.
The behaviour of non executive director Tun Noor Tun Razak in playing the fool during AGM and posting pictures of her stating she does nothing but santai and wave is absolutely disgusting given that share price has fallen more than 60%
The share price reflects the quality of the directors. Either the non efficient directors need to be fired for earning gaji buta or Foxconn should acquire
Facts: - Share price had fallen more than 40% since the news of arbitration. - NED Tun Noor Tun Razak happily enjoying AGM posting photos on Facebook that she does nothing but wave and smile when share price has fallen drastically. This NED is highly irresponsible given the timing she post on Facebook these photos. - Director mention arbitration is at board level, does not impact employees. Directors should think of the long term consequences instead of making such irresponsible statement.
Directors did not act in accordance with shareholders interest in maximizing shareholder value.
Instead, they did the opposite in destroying shareholder value, as proven by share price falling more than 40% in a short period.
In the process of destroying shareholder value, a NED Tun Noor Tun Razak even happily enjoy the AGM session and state that she did nothing but smile and wave and act serious. This NED is a disgrace given that all Dnex shareholders are suffering losses.
They need to stop santai jamuan and wave and smile and do the real job in delivering
1. Sign agreement with CGP, then suddenly U Turn and said did not check properly and wants agreement to be revoked. An excellent management would make sure all conditions are correct before signing. A lousy management would sign blindly and depend on advisors that is a waste of money then suddenly realize a mistake
2. NED taking photos at AGM and posting on facebook stating she does nothing but smile and wave and act serious. Need to seriously relook at this directors qualification as this kind of behavior is shameful after Dnex share price has fallen more than 40%.
This same modus operandi employed in most of the companies. Make announcement with grand party and pole dancing only to u-turn six months or a year later citing misunderstanding or disagreement.
By first signing the agreement and then now wanting to declare it void, the directors has caused: - Dnex share price to plunge 40% - Shareholder value destroyed - Employees who trust management and bought Dnex shares to lose money
While NED Tun Noor Tun Razak happily enjoying AGM session having santai and jamuan and photo taking session. Absolute disgrace
Understandably lots of loyal retail Dnexers suffered huge losses in DNex. Me included. I lessened my concentration on DNex, 2 weeks ago I sold a lot of DNex at a big loss and switched to Cypark. Fortunately Cypark moved up and helped me recover a huge portion of my losses in DNex. Cypark business is arguably less attractive than DNex ( debatable of course ) but its share price has risen and overtaken DNex. Don’t over focus on DNex. Look at other counters
I still believe in the potential of DNex. Still holding some share. As retail investors we are in the dark as to the latest in DNex arbitration with their China partners. We can only hope for the best
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....
JamalHussien
175 posts
Posted by JamalHussien > 2022-12-28 11:32 | Report Abuse
If Dnex fire Tun Noor Tun Razak, maybe what price can fly back to 0.65