Wonder how much shares Parkson buy back today? If this going on next 1 for 20 share dividend will be as soon as April. Which company in Bursa can give dividend in 2 consecutive months?
siok siok cheap sales today... raja besi William punya parkson woh... gong gong beli and sapu loh... turun lagi sapu lagi masuk peti sejuk Mitsubishi lah.... raja besi william cheng punya lembu cash cash....
The co has stopped paying cash dividend but share dividend in the past few years. 1 treasury share for 20 shares as share dividend was declared and the last day to be counted was mar 16. Those shareholders who need cash would sell some shares. The lelong will be stopped soon once the existing shareholders have sold enough for cash.
Departmental store operator Parkson Holdings Bhd has issued a statement to calm investors, after the company’s shares came under selling pressure over the last few days.
Through a statement today, the group said it is not aware of any circumstances within it that could have led to the sell-down of its shares.
Its counter plunged 19.4% or 48 sen from RM2.47 on March 13, 2015 (last Friday) to close at RM1.99 today, down 6 sen or 2.93% from yesterday’s close.
The counter is now at its lowest in five years. The current price gives it a market capitalisation of RM2.016 billion, which means it saw RM486.27 million in market value wiped out in just seven days.
Parkson (fundamental: 1.8, valuation 2.4) was also Bursa Malaysia’s 10th most actively-traded stock today, after some 42.2 million shares having changed hands.
The group reiterated it remains confident in its business fundamentals and prospects.
lalala.. parkson lag of fund for repurchase share to sustain share price.. cause before that above 2.30 always repurchase now not much fund already.. everyone good luck..
No announcement on major shareholder disposal? Where did the volume come from? If indeed there is no fundamental change, mgmt should take advantage to buy up more at this low cheap price.
Notice of Shares Buy Back - Immediate Announcement PARKSON HOLDINGS BERHAD
Date of buy back 20/03/2015 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 3,281,500 Minimum price paid for each share purchased ($$) 1.900 Maximum price paid for each share purchased ($$) 2.000 Total consideration paid ($$) 6,457,008.50 Number of shares purchased retained in treasury (units) 3,281,500
share buyback and giving treasury shares as share dividend can stimulate buy and sell or trading of the share. however, after getting free shares, some shareholders would sell some of it to get cash. This mad selling will stop
Sell down-should be foreign fund who hold less than 5% stake. Not required to report to Bursa. If short sell(on Friday 20th) and Parkson buy back at higher price can they make money?
This is a sunset stocks. All the branch loss in china and Vietnam and even malaysia. Now many young man shop online and get discount and many choices. Just advices to cut loss before price goes to rm1.00.
This is a sunset stocks. All the branch loss in china and Vietnam and even malaysia. Now many young man shop online and get discount and many choices. Just advices to cut loss before price goes to rm1.00.
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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....
Azizulzaman Jamaludin
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Posted by Azizulzaman Jamaludin > 2015-03-20 16:51 | Report Abuse
wow, suddenly up so much