Posted by lcng123 > 2018-03-08 09:31 | Report Abuse

i think ksl wanna keep their cash to develop ksl city mall 2 at klang instead of funding outside. according to the source, the project was completed 20% and notice that the borrowing is in the trend of downward every quarter.

Posted by GreatDreamer > 2018-03-08 12:06 | Report Abuse

Aggressive share buy these few days more than 2mil shares. Right stretegy. Buy cheap at RM1.00 to RM1.03, while company net asset per share at RM2.50 @ 31/12/17. Cash balance at RM250m @ 31/12/17.

Posted by yfchong > 2018-03-08 23:42 | Report Abuse

Just visited the KSL city mall 2, @ Klang..., progress still slow.., but the 2 apartments blocks site is progressing ...., long wait to harvest.....

Posted by lcng123 > 2018-03-09 06:02 | Report Abuse

yfchong, any current status's photo can share?

Posted by azman123 > 2018-03-09 06:19 | Report Abuse

What's the progress? Piling and foundation completed? Now construction at which floor? Thanks

Posted by lcng123 > 2018-03-09 15:29 | Report Abuse

I heard from unconfirmed source that the basement was completed. see whether anybody here can provide photos to confirm.

Posted by yfchong > 2018-03-09 16:18 | Report Abuse

next time when i drive there..... may be hari raya holiday.....

Posted by asdf > 2018-03-11 08:15 | Report Abuse

http://www.enanyang.my/news/20180311/%E6%9D%A5%E5%AE%9D%E5%A4%A7%E8%82%A1%E4%B8%9C%E5%90%81%E6%9F%A5%E9%AB%98%E7%AE%A1%E8%96%AA%E9%85%AC/

Posted by RVI123 > 2018-03-11 17:19 | Report Abuse

For shareholders, the returns of their investments are the dividends received and the increase in share prices. For KSL case, no dividends received and the share price dropped to the lowest in the last 5 years. All the minority shareholders are in fact losing money.

Posted by tanhy123 > 2018-03-12 19:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-pronouncements/5720653

They propose to buy more land in Tebrau.
Why do so when they can't pay any dividend, while the property market is slow?

Posted by tklim > 2018-03-13 12:09 | Report Abuse

Moving Average (Short Term) HOLD
Moving Average (Mid Term) SELL
Moving Average (Long Term) SELL
Ichimoku Kumo HOLD
Bollinger Band -
RSI SELL
Stochastic SELL
Heikin-Ashi HOLD
MACD SELL
Solid MA Trend -
SAT SELL

======================================================

Will this counter go below 0.20......Do your own analysis

Posted by Jon Choivo > 2018-03-14 14:51 | Report Abuse

I have a small position at 1.25. I doubled up at 1.02.


Posted by RVI123 > Mar 5, 2018 03:02 PM | Report Abuse

@Jon Choivo, how long have you been invested in KSL? I believe it is quite recent. I am pity for those who have invested 3 years and longer. The company is making a lot of profits but the minority investors are not enjoying the benefits. The investors may probably want to divest due to whatever reasons but find that they are making losses after investing into KSL for a long time.

Posted by Jon Choivo > 2018-03-14 14:56 | Report Abuse

Logically, i would prefer buybacks to div any day, less tax. But, i cannot deny the pleasure of having money come in. But it makes zero difference to me, since all dividend i receive goes back in the fund.

The only point i would argue is that the directors should accelerate the buybacks.

Salary is a touch high. But its not too bad. 10mil each is not that bad.

Top GLove, Supermax etc also pay 8-15 mil to their big bosses. And they earn less than KSL.

Posted by upsidedown119 > 2018-03-14 18:34 | Report Abuse

"If one does not have the patience, it would be best if you left the market, or try your hand at trading. Who knows, you may very well be the 10% who make money".

OK Jon Choivo. You have your strategy, others have theirs. No need to lecture.

Posted by upsidedown119 > 2018-03-15 09:03 | Report Abuse

China just slapped a 5.5 billion yuan fine for stock market manipulation: https://www.businesstimes.com.sg/banking-finance/china-imposes-55b-yuan-fine-for-manipulation

There is a gold-mine for the Securities Commission if they investigate KSL, especially the Dec 2014 double sell-downs. Also the present tamping down of KSLs share price. The buy/sell queues show signs of deliberate manipulation!

Posted by novice77 > 2018-03-21 12:31 | Report Abuse

I have invested several years here. Lost half of the money. All saving gone. Cursed are the people who lead the company. Not honor the promise to pay out dividends.

Posted by upsidedown119 > 2018-03-21 16:32 | Report Abuse

KSL just spent RM311M buying land. They have cash. They just don't pay dividends. In the meantime, the share price is being depressed downwards to force weaker holders to divest. Just look at the sell queue over the past weeks - clear signs of manipulation. The SC should investigate!

Posted by spider68 > 2018-03-21 18:47 | Report Abuse

https://www.thestar.com.my/business/business-news/2015/03/17/ksl-puts-in-place-minimum-40-dividend-payout-policy/

Posted by upsidedown119 > 2018-03-21 19:47 | Report Abuse

@spider68. Yeah, I was also wrong-footed. The Chairman did say that the policy is not legally binding, but there was no indication that he did not intend to keep the policy. He just did not honour the promise and gave no indication that the promise is discarded. In the meantime, the directors are paid more than RM30M per year.

More tamping down of the share price today.

Posted by pradeep > 2018-03-21 21:48 | Report Abuse

Spider68 the article is very clear it is blowing hot and cold mine side say give and another side subject to ............. look at their propectus and see also nevertheless any laymen read the article will invest in KSL

Posted by upsidedown119 > 2018-03-21 22:03 | Report Abuse

The closing price is the lowest for the last 4 years or so. And this for a company making profit by the hundreds of millions and just shelled out RM311M for over 200 cares of prime land in prime locations.

The only explanation is that the price deliberately tamped down for the majors to privatise. Unless someone has a better explanation.

Posted by RVI123 > 2018-03-22 00:41 | Report Abuse

Basically the cash in hand of RM254mil (as at 31/12/17) has been used up for the land purchase. No more money for dividends payment. However, the directors' remunerations and bonuses are not affected.

Posted by RVI123 > 2018-03-22 00:47 | Report Abuse

For the last 12 months, directors, Share Buy Back and Tabung Haji have been buying KSL shares aggressively. When one bought, the other two would temporary stop. They did not compete with each other to buy. Look like it was coordinated.

Posted by spider68 > 2018-03-22 09:06 | Report Abuse

FYE 2015
EPS = RM 0.2784 NTA RM 2.02
If Comply with Dividend Policy Dividend = RM 0.1114
Dividend = RM 0.02

FYE 2016
EPS = RM 0.3107 NTA RM 2.29
If Comply with Dividend Policy Dividend = RM 0.1243
Dividend Paid = Nil or Zero or Kosong or Sifar

FYE 2017
EPS = RM 0.2141 NTA RM 2.50
If Comply with Dividend Policy Dividend = RM 0.0857
Dividend Payable = ????

Someone if have time please do a research on the fees & emoluments paid/payable to KSL''s directors for FYE 2015 to FYE 2017 for the "great & selfless job" that they have done thus far.

Posted by RVI123 > 2018-03-22 09:40 | Report Abuse

@novice77, all the investors who purchased in the last 4 years are losing money. Company results are good. PE is in single digit and below 5 for half the 4 year period.

Posted by spider68 > 2018-03-22 10:23 | Report Abuse

It would appear that there are some selling made by fed-up investors.

Posted by asdf > 2018-03-22 12:58 | Report Abuse

Now is below RM1

Posted by upsidedown119 > 2018-03-22 15:21 | Report Abuse

Yeah selling by some fed up investors. But a group of 5 have queued up to buy 540K shares at 97.5 sens. I can see what their tactics are. This is daylight robbery.

Posted by spider68 > 2018-03-22 15:28 | Report Abuse

Share Buy Back @ RM 0.98. The directors rather exercise share buy back than pay dividends.

Posted by upsidedown119 > 2018-03-22 15:58 | Report Abuse

@spider68. RVI123 had already given the payment for directors' fees for 2016 at RM30,150,000. Directors' fees for FY2017 not in quarterly unaudited reports. Will have to wait for annual report for 2017 due to be out soon.

Posted by upsidedown119 > 2018-03-22 17:30 | Report Abuse

Babies, don't sell. The company is very profitable and full of undervalued assets. Only the directors are %^%$#!

Posted by trumpcbk > 2018-03-23 18:36 | Report Abuse

anyone knows how to sue the directors? There must be some way, isn't it?

Posted by upsidedown119 > 2018-03-23 20:59 | Report Abuse

Apart from suing, only the Securities Commission and Bursa have teeth.

Posted by nemesis > 2018-03-23 21:26 | Report Abuse

Actually Share Buyback is another way of rewarding Shareholders...Instead of paying you dividend which is subject to income tax, A share buyback is better option...So don curse the KSL they might push up the price in the future, surely not now when they wanna accumulate at cheap price...

Posted by tanhy123 > 2018-03-23 21:44 | Report Abuse

Nemesis, I agree that share buy back does have some advantages compare to dividend, but the buy back is peanut and far from sustaining the share price. Furthermore, I see no reason to spend so much money when they tell investors they can't pay dividend as Ksl2 needs a lot of capital. Why buy land when the market is so slow, and everyone knows that their inventory is so high and can't sell?

Posted by upsidedown119 > 2018-03-23 22:13 | Report Abuse

And why directors pay themselves RM30M (15% of 2016 net profit) when they say they need capital?

Posted by trumpcbk > 2018-03-24 03:16 | Report Abuse

Anyone knows how to pressure bursa and SC to take action?

Posted by trumpcbk > 2018-03-24 03:18 | Report Abuse

Retail investors who are victimized by the management should form a group and report to bursa and SC?

Posted by trumpcbk > 2018-03-24 03:23 | Report Abuse

Those damned directors collectively hold >50% but they cannot vote right? Two other institutional investors are TH 7% and public mutual 5%. TH should be making a loss because bought a lot at 1.2

Posted by asdf > 2018-03-24 14:58 | Report Abuse

Dont you know this MSWG?

The Minority Shareholder Watchdog Group (MSWG)
http://www.mswg.org.my/who-we-are

Posted by trumpcbk > 2018-03-24 16:03 | Report Abuse

Yeah, I checked mswg but it seems they have no real power to do anything. These directors are worse than kseng's, who at least pay some dividends annually

Posted by asdf > 2018-03-26 07:12 | Report Abuse

If you think it is “questionable practices" their Charter says

MSWG's objectives are set out in a Charter under its Memorandum and Articles of Association. These objectives are as follows:


To become the Forum on minority shareholders' experiences.

To become the Think-Tank and Resource Centre for minority interest and corporate governance matters in Malaysia.

To develop and disseminate the educational aspects of corporate governance.

"To become the platform to initiate collective shareholder activism on questionable practices by management of public listed companies."

To influence the decision making process in public listed companies as the leader for minority shareholders’ legitimate rights and interests.

To monitor for breaches and non-compliance in corporate governance practices by public listed companies.

To initiate where appropriate, reports to regulatory authorities and transforming MSWG into an effective deterrent of such events or activities that can be against the interest of the minority shareholders.

Posted by upsidedown119 > 2018-03-26 11:08 | Report Abuse

I suspects those bangsats actually have inside info from remisiers as well as management as to who are the minors and who is on borrowed money. Their selling is coordinated and calibrated. So please change remisiers and brokers if you even suspect smoke. I have changed mine!

As for the management insiders, sooner rather than later they will meet their just desserts under the law!

Posted by upsidedown119 > 2018-03-26 16:06 | Report Abuse

The proposed fake news law will cover KSL and all commercial news as well. It will also cover remisiers and stock brokers and people like Koon. But will the authorities enforce it against them as well as the politicians?

Posted by spider68 > 2018-03-29 11:11 | Report Abuse

New low @ RM 0.94 and PE @ 4.434. Other than Lembaga Tabung Haji selling probably at a loss, who else was selling? This year will any dividend be declared to possibly boost the share price?

Posted by imbaian > 2018-03-29 12:34 | Report Abuse

down??

Posted by pradeep > 2018-03-29 12:52 | Report Abuse

Let us watch and see this game is call opression of the minority share holders.

Posted by RVI123 > 2018-03-29 22:44 | Report Abuse

Tabung Haji is selling KSL and buying Symlife. Why?

Posted by spider68 > 2018-03-30 10:00 | Report Abuse

Now we know who was causing the drop in price.

Posted by nemesis > 2018-04-02 16:37 | Report Abuse

Why LTH willing to sell at a huge loss...