Reason: To pursue other career opportunities Details of any disagreement that he/she has with the Board of Directors: No Whether there are any matters that need to be brought to the attention of the shareholders: No
It is hoped that new CFO will take care of shareholders interest eg proposing dividend, carry out share buy back; something Lim Kim Huat fail to do although Msports do reward shareholders with free warrant.
Msports has no problem submitting their financial result unlike MOL. Even if people disbelieve Msports cash balance they still have factory and shoes as inventory which when sold can fetch considerable amount of money right?
CFO resigned maybe due to personal reason not because Msports is losing money or bad. Low oil price should be good for China and Msports indirectly to reduce production cost and help increase consumer spending.
Hopefully Msports can resume dividend payment next year as they are likely to make more money this year than last year.
definitely make more, shoe soles material mostly were from plastic. Msports profits next year will shoot up, I think this year 4th quarter report will reflect on this, time will telling?
one word to say, if confident to the company we should buy more when come down but how about a company over 2-3 year slowly slowly come down without good reason? It really test minority shareholders's bottom line of continue holding it
market booming down, dividend out down, no dividend down,good result down, bad result down, change CFO/boardroom down, free warrant down, market crash also down with no ending, really want the mother share goes below 10sen?
currently im holding huayang, jobst, teoseng and nexgram.wa only. waiting to chop off nexgram.wa then sleep and rest for few weeks.. haha sure i will visit u :)
this share really funny. initially listed, the biggest local investor sold most his share at below IPO price; pre warrant, the CEO sold 1/3 of his share. really really sickening.
If continue 20% dividend policy like in 2012 expect 1 to 1.5 sen dividend in 2015. Buy more now before it move because stocks in China keep surging due to low oil price.
Can anyone tell Lin Huozhi if Msports give 1 sen dividend(20% dividend policy) next year people will chase Msports 10sen higher enriching him the most. Of course the more(up to 100% dividend policy) the better. Base on latest quarterly result and 2013 annual report Msports sure capable of giving dividend because cash per share higher than share price. BUSINESS ADDRESS No. 18, Yongjun Road Xibin Farm, Xibin Town Jinjiang City, Fujian Province, China Tel : +86 (595) 85082299 / 82058888 Fax : +86 (595) 85092030 e-mail : admin@baixingshoes.com
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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....
Kayhong Lee
47 posts
Posted by Kayhong Lee > 2014-12-02 16:02 | Report Abuse
sleep to died