really speechless if not because of EPF acquisition hevea would already be 50cents by now.. EPF is there just to provide liquidity for the market to narrow down the buy and sell queue gap.. Without them the gap will be extremely large and the sell down would be much more severe.
Excess money give it as dividends or do additional automation, plant hevea trees not always telling shareholders raw material issues or staff turnover issues.. the energy use in the company business not share market!
From Aug'17 to as at today, 18.29 mil units warrants exercised and bring cash inflow of RM4.57mil to Hevea. At the same timing, Hevea bought back 692,000 shares with consideration paid of RM763k. The both exercises resulted that: 1) net cash inflow with RM3.81mil from open market 2) buyback action does not improve much EPS as it represented 0.23% of adjusted shares only.
We can't stop the management to buyback as they get shareholder approval to buyback max 10% own shares in last year AGM. Those against this, pls attend the AGM this year and voice out your opinion.
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....
ITreeinvestor
325 posts
Posted by ITreeinvestor > 2018-03-23 15:25 | Report Abuse
Beze, very soon you can buy at 0.55