Posted by hooi > 2015-04-07 14:44 | Report Abuse

Bought Parkson at 2.09

Posted by hooi > 2015-04-07 15:55 | Report Abuse

Bought Pakson at 2.08

Posted by AdCool > 2015-04-07 17:08 | Report Abuse

Hooi, what motivate you to purchase Parkson since there are many negative news about Parkson and the downtrend for the last 3 years?

Posted by zerocool7199 > 2015-04-07 18:14 | Report Abuse

Rubbish counter..keep in go south.better switch to sunreit.good fundamental stock and coming good news to be announce as sunway putra mall going to open next month.

Posted by rlch > 2015-04-07 18:39 | Report Abuse

If go south share buy back can buy more at cheaper price with same amount of money. Who want to sell cheap?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1926853

Posted by hooi > 2015-04-07 19:01 | Report Abuse

www.therakyatpost.com/business/2015/04/07/parkson-boost-for-johnny-rockets-in-china/

Posted by AdCool > 2015-04-07 21:16 | Report Abuse

Shares buy back isn't pushing back up the price. Just maintaining it. Last time the strategy was to push up back the price but looking at the purchase lately, it's not doing that.

Posted by rlch > 2015-04-07 21:49 | Report Abuse

Not pushing up mean money not gone so fast. Can buy back for longer period. Possible another 1 for 20 share dividend next month?

Posted by AdCool > 2015-04-07 23:59 | Report Abuse

It makes no sense for the shares dividend if the counter price is keeping on down trend. Besides, the shares dividend will cause the price adjustment again which bring no advantage to the actual value of the shares being held. The price must stop the downtrend and be uptrend for the shares dividend to bear value.

Posted by Ferisc > 2015-04-08 11:10 | Report Abuse

PRGL surges high.

Posted by AdCool > 2015-04-08 11:16 | Report Abuse

Something brewing which we are not aware again???

Posted by rlch > 2015-04-08 11:24 | Report Abuse

Yes PRGL(the one most affected from recent bad news) is rising. Why Parkson don't follow?
https://www.google.com/finance?cid=702594

Posted by AdCool > 2015-04-08 11:37 | Report Abuse

Perhaps PRGL is planning to appeal the Arbitration ruling.

Posted by hooi > 2015-04-08 16:59 | Report Abuse

Bought Parkson at 2.05

Posted by AdCool > 2015-04-08 17:17 | Report Abuse

PRGL goreng gao gao today.

Posted by rlch > 2015-04-08 17:22 | Report Abuse

Posted by AdCool > Apr 8, 2015 05:17 PM | Report Abuse
PRGL goreng gao gao today.

Hope not using Parkson money to goreng PRGL hence the drop today.

Posted by AdCool > 2015-04-08 20:13 | Report Abuse

PHB still being dumped each day.

Posted by rlch > 2015-04-09 10:14 | Report Abuse

AMMB TP RM2.85.
http://klse.i3investor.com/servlets/ptres/29446.jsp

Posted by goldenshares > 2015-04-09 11:27 | Report Abuse

wait and see : )

Posted by AdCool > 2015-04-09 11:56 | Report Abuse

goldenshares, wait and see what?

Posted by Ferisc > 2015-04-09 12:15 | Report Abuse

They are reinventing themselves, at least to know their old business modal is not working on nowadays.

Posted by AdCool > 2015-04-09 13:50 | Report Abuse

PRGL is still on uptrend today.

Posted by mm310 > 2015-04-09 21:59 | Report Abuse

very competitive business environment.

Posted by rlch > 2015-04-09 22:41 | Report Abuse

I agree on your comments Ferisc. They are now diversifying into F&B business to bring in extra income. Those who want to sell cheap Parkson is more than capable to buy them back on daily basis non stop with their over RM1 billion net cash. Shares buy back stood at 4.28% today meaning another 0.72% buy back another share dividend 1 for 20 as early as May'15 is possible just 2 months from the previous one.

Posted by AdCool > 2015-04-10 10:29 | Report Abuse

Treasury shares are not entitle for shares dividend. Meaning it just need approximately another 0.5% of shares buy back to declare a 1 for 20 shares dividend.

Posted by AdCool > 2015-04-10 22:33 | Report Abuse

First time no shares buyback today. Exhausted the fund?

Posted by AdCool > 2015-04-10 22:37 | Report Abuse

ks55: May I know if you are holding any PHB shares now? You seem to be in touch closely with this counter.

Posted by AdCool > 2015-04-11 19:39 | Report Abuse

ks55, I understand that your argument were based on facts and history. However, I beg to disagree on the parts of moving forward. Based on the current transformation and economy, what is your opinion regarding this counter, minus the factors of past histories which you doubted its decisions? Let's try to give a proper and rationale opinion on Parkson now.

Unless you are saying that the management is repeating what they have been doing in the past and not in the direction and decision to revamp and transform the business model but to continue to plunder the current cash on hands just to save some big shot who is related to Parkson. If this is your point, then I would understand why you are not in favor of this counter.

As of now, to me, I can see that the management has realized about their business model in China and realized that they can't compete in their old ways, hence the transformation. The counter being suppressed recently from RM2.5 to RM2 was due to the negative news regarding the arbitration ruling and also sell down of Vietnam fund (all because Parkson is closing its business there). This could be some kind of regulatory or policies from Vietnam. All this happened within few weeks time and beyond their controls. The management can't ask Vietnam fund not to sell their investment or invest back in Vietnam just because they do not want this to happen.

Btw, on the Vietnam part, I do agree that they made a mistake in investing there. Anyway in business, you are bound to risk. In this case, Parkson made that mistake but am glad they only have few outlets in Vietnam which are manageable. Just like Carrefour, they too exited Malaysia market.

As for the reduced profits from China businesses, this is something the management need to tackle and they are tackling it now. It needs time for the transformation to bear fruits.

Posted by AdCool > 2015-04-11 19:41 | Report Abuse

Btw thanks for the info on 38 departmental stores closed in China. That would give some breathing space for the retail competition. Sometime, you can't have so many players having a same pie. So in this sense, the fittest will win.

Posted by AdCool > 2015-04-12 18:45 | Report Abuse

The analysis call from AMMB isn't helping as the sentiment is quite a negative for PHB. AMMB has been giving a BUY rating since last year but the price is still on downtrend.

Until there're more positive news, I think the price will still be suppressed in the mid term. 3 years and it's still downtrend. Time to rebound and reap the fruits from all the transformation so far.

Posted by rlch > 2015-04-12 19:15 | Report Abuse

Friday(10th Apr) not buying back shares is quite a surprise. Is it a permanent stop(until next AGM) or just 1 day? Parkson can declare 1 for 25 share dividend(share buy back stood at 4.28%) anytime now.

Posted by AdCool > 2015-04-12 23:24 | Report Abuse

ks55, no one blames you as an evil man. Don't take the comments here negatively or too personal. If you noticed from the analysis, only AMMB called for buy rating while others were calling for Hold and Sell. I m just citing my own observation and not meant to target or be little anyone. We all have our own analysis and opinions and that's what make a discussion fruitful.

My point was as long as the sentiments are negative, no matter what the analysis said, it will still be negative until PHB can turn the tide and prove the positive i.e. better revenue and profit. I too, made a huge loss from this counter and I have been keeping the counter from 2012. So you should have an idea of the "damage" it done to my portfolio so far.

Posted by goldenshares > 2015-04-12 23:56 | Report Abuse

AdCool, wondering how many lot do u hv, : )

Posted by AdCool > 2015-04-13 09:49 | Report Abuse

I only have 6 lots. Small investor. :)

Posted by Ferisc > 2015-04-13 10:32 | Report Abuse

PRGL stock had increased more than 30% since arbitral award a week ago. What's the propelling force behind this? Any good signs is brewing on coming quarter result?

Posted by Ferisc > 2015-04-13 14:37 | Report Abuse

CapitalCube Median Implied Price for Parkson Holdings at RM2.98. Its current value RM2.06 is undervalued. For PRGL, CapitalCube Median Implied Price at HKD2.45, current price at HKD2.1++ is undervalued. Are they trustworthy??

Posted by rlch > 2015-04-14 10:47 | Report Abuse

Share buy back resume yesterday dispelling fear of Parkson fund exhausted. Which counters in Bursa can match Parkson buy back RM million on non stop basis?

Posted by Ferisc > 2015-04-15 22:15 | Report Abuse

Tan Sri Cheng has direct share of 32.14%. Given another 0.86% or 9m share will it trigger take over offer? By next share dividen1:20, will it auto trigger take over offer? Anyone have ideas to share?

Posted by Ferisc > 2015-04-16 07:11 | Report Abuse

Adcool,ks55, any ideas of the possible takeover offer by Tan Sri Cheng?

Posted by Ferisc > 2015-04-16 09:07 | Report Abuse

I'm not familiar with Parkson, just recently noticed as its share plunged to record low. What impressing me Parkson Holdings is reinventing themselves and their share is at bottom low. The share dividend enriched the majority share holder like Tan Sri. He current holding is almost to the trigger point of takeover offer level. AT this low share price, if the takeover triggered, he might not to pay more for premium if any. Given cash rich, and Parkson could recover thereafter, l think it might be a good deal for him. He can make use of cash to re-energies his other investment which is not in good shape. This is just my thoughts and hopefully not become a laughing stock by all ^_^.

Posted by rlch > 2015-04-16 09:17 | Report Abuse

Me too not familiar. Adcool is long time shareholder so more familiar.

Posted by AdCool > 2015-04-16 14:48 | Report Abuse

It is a requirement to go for a mandatory offer once a major shareholders own 33% of the shares (voting). In fact, the bidder can team up with other shareholders to initiate the offers. If look into the current major shareholders, WC and his nephew already own more than 58% in PHB. Should both of them team up and initiate a mandatory offer, I believe they need to get 50% acceptance from the minority shareholders and also Tabung Haji before the offer can go through.

Looking at current condition, I don't think WC has the interest to privatize PHB. If he wanted to do it, he can do it long ago with voluntary offers or join with his nephew to trigger the Mandatory offer. The reason of him holding to almost 33% was due to 3 shares dividend payout for the past 2 years.

Should he really intended to privatize PHB, he should be prepared to fork out a minimum of RM2.63 as per last financial quarter NTA. Else, the offer will be deem unfair and the minority won't be agreeable to it.

To ensure the mandatory offer will not go through, usually the major shareholders will offer something below the last traded price. For Parkson, they might even go for RM1.95. With that, no one going to agree to it and WC is assured that he don't need to fork out additional money (from his own pockets). In fact, he should be worrying more on his steel business and pump his money there instead of PHB.

Posted by AdCool > 2015-04-16 14:54 | Report Abuse

That's only my opinion and so I don't think there will any movement on the shares unless some knew jerking reaction of some minority shareholders who don't understand the Mandatory Offer and got panic and sell their holdings. But it also a good opportunity to generate more publicity on PHB because analysts will usually analyze the offer and provide their fair value price.

In addition, it is regulated that the Board has to engage independent advisor to advise if the offer is fair and reasonable. Hence, it is also a good time for them to reevaluate the market worth of PHB.

Posted by Ferisc > 2015-04-16 15:28 | Report Abuse

Thanks for good sharing.

Posted by xenolover > 2015-04-19 13:52 | Report Abuse

I collect at 2.06, any price above this price is ok for me.

Posted by dumingjun > 2015-04-20 00:37 | Report Abuse

This guy got no money. Go? Don't think so loh!

Posted by AdCool > 2015-04-20 16:52 | Report Abuse

Today PRGL lao sai in HKex

Posted by hiroya > 2015-04-20 19:56 | Report Abuse

Can any sifu "translate" below announcement?

"Notice of Shares Buy Back - Immediate Announcement"

Date of buy back
20 Apr 2015

Description of shares purchased
Ordinary shares of RM1.00 each

Total number of shares purchased (units)
450,000

Minimum price paid for each share purchased ($$)
2.120

Maximum price paid for each share purchased ($$)
2.120

Total consideration paid ($$)
957,537.09

Number of shares purchased retained in treasury (units)
450,000

Number of shares purchased which are proposed to be cancelled (units)
0

Cumulative net outstanding treasury shares as at to-date (units)
48,773,061

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)
4.46000

Thank you.

Posted by rlch > 2015-04-20 20:23 | Report Abuse

Today Parkson buy back its own shares(using internal fund) 450,000 at price RM2.12 for total amount RM957.537K. Total cumulative shares buy back so far is 48.773 million or 4.46%.

Posted by hiroya > 2015-04-21 21:51 | Report Abuse

Sifu rlch, is it positive or negative sign?