As at March 31, the group has RM1.53 billion worth of unbilled sales with a land bank of 1,730 acres, which carries an estimated GDV of RM11.3 billion, spread across Klang Valley, Sungai Petani, Butterworth, Kuantan, Seremban and Australia.
Meanwhile, the group said its property investment division is expected to contribute steady rental income from its commercial and retail tenants. The opening of a cinema in January at the Atria Shopping Gallery has also attracted higher footfall into the mall, with average occupancy rate remaining strong at 93%, it said.
Its industries segment and financial services and investment holdings segment are expected to perform satisfactorily, while its construction segment has an outstanding order book of RM327.88 million as of March 31, 2019.
If there is any corporate action, this form of unusually large volume and depressed price is clearly an indication of price manipulation and should be against the regulations.
OLH always response the question on stock price and bonus issue shareholders value to the retail shareholders and told them need to be patient and “long term holding” ....but year over year the company making a lot of profit never share according and trying to keep into his own pocket as much as possible.
OLH Strategy 1 (2019) Depressed shareholder value so that can accumulate through agents at lower price ideally around 65~85 sen. Then can offered at lower market price with 20%~35% above unfair market value of around 95 sen to RM1 to all shareholders to acquisition. OLH try to obtain around 75%~85%. Try to take private offering to obtain more than 90% but expect first attend failed. But still retail shareholders hold around 10~25% very weak to defend. Institutions investors hold around 5% only hold and observed and no defensive move. Unless all the retail investors jointly move not sale unless it’s above RM1 to protect themselves.
What wahud stated could be a scenario in play considering that there was large volume transacted at depressed price recently - an action to created low weighted average price.
In that case OSK shareholders should reject the unfair and unreasonable offer since the share value from RHB is already well above such offer. We can consider a court injunction against it and demand that RHB shares be distributed first below considering the offer of the rest of the OSK assets and businesses.
For example, if a listed company has net cash in the bank of RM 1.00, it will be total injustice to allow offer of say RM 0.8 even if the weighted average share price has been trading well below the offer price.
OLH Initiate share buybacks. OSK shares price then only started to increase after failed to fully take private offer. Further accumulated of the WC and used the WC to obtain more OSK share and diluted all other remains shareholders. Manage to obtain more than 90% of the share. Get ready for further offer and price further increase. Stock price at around RM1.5~RM1.8. Further successful obtain 95% of the share. Retail investors need to be resilient and take risks in order to defend on the attack to hold further.
Latlut, I don't know what's going on. First OLH sold off-market 33 million shares which is not a good sign. Then, surprisingly price collapsed. Now OLH has bought back one million shares over two days. I am staying out unless I can get at 83 sen.
Agree. Sold a lot buy back little meaning sure drop more.
Posted by TheContrarian > May 31, 2019 7:16 PM | Report Abuse Latlut, I don't know what's going on. First OLH sold off-market 33 million shares which is not a good sign. Then, surprisingly price collapsed. Now OLH has bought back one million shares over two days. I am staying out unless I can get at 83 sen.
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....
TheContrarian
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Posted by TheContrarian > 2019-05-28 15:51 | Report Abuse
Massive properties impairment next QR?