In history, they do not perform share buyback so rigorously as present days. Who can explain why they keep buying back own shares other than providing support for the price volatility? It is quite unusual to keep pumping money to support the price unless they have something big cooking behind. Any ideas welcomed.
2 rounds of share dividend my ROI for Parkson is over 20%. Now I have zero Parkson shareholding as I fear coming quarter result not good. Shares buy back also stop meaning share price no longer cheap.
This counter has dropped 50% in 2 years time too. So it's possible to double back in 2 years time or drop another 50% in 2 years time. At the end of day, what is your take and view on the viability of the business?
anything is possible. KNM is good example. If parkson drop more just buy more. Company also have share buy back. As a result, drop more means we get more share dividend.
If you read the report carefully, it wasn't a quarterly report but 6 months report. If you compare Q2 2014 with Q2 2013, it is actually a better performing quarter. No worry about the 6 months performance because this has been factored in when they released the Q1 2014 results as most drop were in Q1 2014 and not Q2 2014.
I was aiming for Parkson to breakeven in term of profit in Q3 2014. It seems they managed to make it in Q2 for PRG. Now just wait for PRA results and see.
Parkson sell KL festival mall @RM 349 million estimate to realise RM110 million profit. with this year end result will be boosted by this profit. should give better division since a lot of cash
Why is the management disposing the mall when it is profitable and making long term gain? Is this a valid management decision or for personal reasons to cash out? I start to have some concerns on such move.
Isn't that building, owning and managing own malls are their strategy in moving forward at the first place? Is there any short of cash to go for such disposal?
As long as the share price can move up, i think it is a good strategy. It has been undervalued for too long and management must make somrthing interesting for investors to purchase the shares.. Realising the property investment should be part of the strategy at this time as there is indication of oversupply in the property with the cooling measures by the govt.
I have invested in Parkson when its share price bottomed. I still hold the shares. What matters most to me in INCREASING CAPITAL GAIN as its its share price kept going UP!!!
Ride the TREND UP and LET THE TREND UP BE YOUR FRIEND.No need to ask too many question as you will MISS OUT on opportunity while trying to get the answers which you will not get it anyway!!!
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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....
Stcokpi
28 posts
Posted by Stcokpi > 2014-08-04 11:07 |
Post removed.Why?