Price adjusted for shares dividend. That's why I don't like shares dividend since you get nothing in term of monetary value. By purchasing shares buyback, it actually erode the company cash holding and that would affect its cash balance which is the same by giving cash dividends at the first place.
walau2u if Parkson don't do well, don't expect Icap to perform well also. I believe management has taken steps to improve profit in future eg owning mall in China and Malaysia. Although consider doing late to reduce escalating rental expenses, it is always better late than never.
Treasury shares as at yesterday stood at 7,39%. After deducting 5% for share dividend balance is about 2.4%. So if Parkson continue to buy back share at the pace they are doing don't rule out another share dividend 1 for 20 in 2 months. Net cash as per latest balance sheet stood at RM 1,129.4 billion or RM1.03 per share should support share buy back activity.
They have been using the same strategy since Q4 2013 and this shares buy back only managed to slow down the price drop. It's not pushing up back the price. In October 2013, the price was around RM3.40 and within 1.5 years, it has dropped until RM2.10.
With the consideration of 3 shares dividends of 6%, 6% and 5%, the total lost now if you have purchased the share at RM3.40 in October 2013, is 27.17%.
I dont think the retail investors have that much of shares to sell. I just concern whether the big shareholders are selling and they yet to make the official announcement. The volumes were extremely high for the past 4 days which were significantly above the normal trading for Parkson.
1. Tan Sri William H.J. Cheng 2. Tan Sri Cheng Yong Kim 3. Dynamic Horizon Holdings Limited 4. Lion Industries Corporation Berhad 5. LLB Steel Industries Sdn Bhd 6. Steelcorp Sdn Bhd 7. Amsteel Mills Sdn Bhd 8. Lembaga Tabung Haji
Top Shareholders. Don't know who is selling the stakes now.
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....
TioKa
64 posts
Posted by TioKa > 2015-03-10 16:09 | Report Abuse
big big up 来来。。。。明天给了20给1 再大上。。。。。发咯。。。