Posted by AdCool > 2015-06-17 17:22 | Report Abuse

everyday drop 1-2 sen without shares buyback. Even with shares buyback it also drop 1-2 sen daily. Better save the cash to give cash dividends.

Posted by justgan > 2015-06-17 18:04 | Report Abuse

better declare one time special cash dividend of i.e RM1.50 and let the share price to below 50cent and then let it grow further...

Posted by calvintaneng > 2015-06-17 18:19 | Report Abuse

Hng33 is clever to sell and escape.

Alibaba & Tabao Online Shopping is chipping away the Market share of most malls. Parkson will be hit. The only businesses still doing well in Malls are Food & Beverage Businesses & Supermarket selling perishable foods.

All others could be purchased online by direct mail delivery at 20% to 70% Cheaper Prices. So Parkson has a long term disadvantage.

Don't itchy for the dividend.

Long ago Talam declared a 4% or 6% dividend before Talam Crashed from RM1.00 to only 10 cents.

Better be safe than sorry. Best is to Switch to O&G laggards & Kulim now.

Posted by AdCool > 2015-06-17 18:21 | Report Abuse

Don't think they have that much of cash to give. RM150 per share still possible instead of shares buy back. Imagine u would have receive 4 times RM150 dividends by now instead of shares dividends which caused the counter to be adjusted lower each time.

Posted by hooi > 2015-06-18 09:34 | Report Abuse

Bought Parkson at 1.84

Posted by sharebuyback > 2015-06-18 09:39 | Report Abuse

Buy more today to get even more share dividend next week. Not all companies can give share dividend so Parkson is still good. William Cheng, Icap, Tabung Haji, etc is still holding nothing wrong with Parkson.

Posted by AdCool > 2015-06-18 10:25 | Report Abuse

PHB has been drifting since 2012. So no big deal for it to continue to drift 1-2 sen a day. To drift until 1.50, need another 15-20 working days.

Posted by GoldenShares > 2015-06-18 15:59 | Report Abuse

Parkson gives dividend also tak laku, : )

Posted by GoldenShares > 2015-06-18 16:00 | Report Abuse

1.60 will consider to buy again, : )

Posted by AdCool > 2015-06-18 16:53 | Report Abuse

no shares buy back for the last one week. But still got a group of sellers trying to push the price down at 1650. Everyday you can see that if you monitor the best selling price queue from 1645 - 1650.

Posted by speakup > 2015-06-18 16:56 | Report Abuse

problem is ppl take the share dividend and sell back to parkson share buy back.

Posted by speakup > 2015-06-18 16:57 | Report Abuse

giving share dividend only works if company share price is uptrend. otherwise ppl just dump it back.

Posted by hng33 > 2015-06-18 17:06 | Report Abuse

Parkson have eases to share buyback recently, therefore, will avoid Parkson even cum with share dividend.

Posted by GoldenShares > 2015-06-18 17:07 | Report Abuse

if u r not making profit, don't pay dividend, the management really koyak

Posted by sharebuyback > 2015-06-18 17:10 | Report Abuse

None of us think alike. People sell at many years low, I buy.

Posted by AdCool > 2015-06-18 17:24 | Report Abuse

The only hope for interference is the positive result of the arbitrary appeal. Anyway, there is still this group pushing down the price everyday actively with/without shares buyback. They have been actively doing it since the last shares buyback round. You can notice it at 1645-1650.

On other hands, Parkson management still proceed with the shares buyback approach and declare shares dividends instead of declaring cash dividends. This approach is not effective at all due to:

1. Whenever PHB execute the big bulk of the shares buyback at 1650, another group execute the big bulk of selling at the same time. Let's say PHB offers RM1.90 for 5000000 volumes when the counter is trading at RM1.85, the same group sells at RM1.80, RM1.79. RM1.78 at the same time with the high volume. At the end this group gains the most by matching all the orders at RM1.90 and leaving the counter unchanged at RM1.85. How they calculate it I really have no idea. Any sifu here familiar with the calculation? Best Buy at RM1.90 and Best Sell at RM1.78. After matching, what would be the counter price?

2. Shares dividends once payout will only cause the counter price to be adjusted lower. Money have been paid from the company and yet it would be adjusted lower just like issuing new shares which cost no money at the first place. With the same amount of fund spent for shares buyback can be used to declared 5-6% cash dividend which make more sense for the shareholders since the shares buyback is unable to defend the counter price and it is contributing to lower adjustment. Cash dividends instead may be able to support the counter price and move it up.

In conclusion, is PHB management executing a right strategy. Obviously after 4 rounds of shares dividend, it is not. And yet, they are still doing the same thing. There is a phrase saying that "insanity is doing the same thing and expecting different results."

Posted by AdCool > 2015-06-18 18:28 | Report Abuse

ks55: However for now, PHB counter is lower. How does WC makes money then except for him to sell his shares and then gain back from the shares dividend? He wasn't doing that for now. No announcement been made so far on his holding.

The only thing I can think of is for him to sell his shares for the shares buy back so he can convert his equity into cash for higher price since there is no willing buyer to pay higher price than PHB treasury fund. That, he can cash out from PHB account and gain back from shares dividend. Get the money from PHB and yet his stakes at PHB remains the same.

Posted by sharebuyback > 2015-06-19 10:23 | Report Abuse

Yesterday heavy selling q gone today. Why?

Posted by sharebuyback > 2015-06-19 10:31 | Report Abuse

Goldenshares have you sold? Parkson does not drop to RM1.60 as you wish.

Posted by sharebuyback > 2015-06-19 10:47 | Report Abuse

Next week there is 3 for 50 share dividend equivalent to 6% DY on many years low price, why should I sell?

Posted by speakup > 2015-06-19 11:23 | Report Abuse

ppl get dividen shares.... sell back to market. how to up?

Posted by speakup > 2015-06-19 11:32 | Report Abuse

when ppl get Maybank dividend share... they keep
when ppl get Parkson dividend share... they sell back.

Posted by AdCool > 2015-06-19 11:45 | Report Abuse

Based on RM1.82 price before ex date, the adjustment should be RM1.72 after ex date.

Posted by sharebuyback > 2015-06-19 12:45 | Report Abuse

ks55 if you trust RHB-OSK go and buy Wintoni. Today TP is 38.5 by them.

Posted by sharebuyback > 2015-06-19 12:50 | Report Abuse

I prefer Public Bank TP RM2.35.
http://klse.i3investor.com/blogs/PublicInvest/78540.jsp

Posted by hooi > 2015-06-19 15:19 | Report Abuse

Bought Parkson at 1.74-1.77

Posted by yheehong > 2015-06-19 15:49 | Report Abuse

Why there is a huge drop today? anybody know?

Posted by GoldenShares > 2015-06-19 15:50 | Report Abuse

wow, 1.71 already, another legal proceeding from china counterpart ?

Posted by AdCool > 2015-06-19 15:53 | Report Abuse

Force margin sell as per ks55 earlier remark?

Posted by GoldenShares > 2015-06-19 15:54 | Report Abuse

Landlords will follow one by one to initiate legal action against Parkson in China, Now really hv to check Parkson's financial statements, WC corporate governance not really good, more panic selling expected.

Posted by GoldenShares > 2015-06-19 15:57 | Report Abuse

continue with share buyback and legal action, soon Parkson will hv cash flow problem, now even 1.50 also not attractive

Posted by AdCool > 2015-06-19 15:58 | Report Abuse

My gosh another shock? Really plan to flush out all the panic sellers so when WC get the shares dividends and above 33%, he can buy back the whole PHB with stupid and silly low price offer?

Posted by tc88 > 2015-06-19 15:58 | Report Abuse

Hooi, u bought all the way, why u so confident on Parkson.....not scare get burn?

Posted by GoldenShares > 2015-06-19 15:59 | Report Abuse

high risk counter, avoid !

Posted by AdCool > 2015-06-19 16:01 | Report Abuse

Hooi just a newcomer for PHB. Yet to get burnt like us

Posted by GoldenShares > 2015-06-19 16:03 | Report Abuse

i bought 30,000 parkson at 1.85, luckily sold all at 1.90, : )

Posted by AdCool > 2015-06-19 16:09 | Report Abuse

Reduced half of my holding. Cut Loss. PRA also dropping in HK. Something not right

Posted by AdCool > 2015-06-19 16:16 | Report Abuse

Just like last time before the arbitrary ruling

Posted by GoldenShares > 2015-06-19 16:18 | Report Abuse

big trouble with landlords in china

Posted by AdCool > 2015-06-19 16:51 | Report Abuse

there s no more shares buy back since last week.

Posted by hooi > 2015-06-19 16:55 | Report Abuse

Bought Parkson at 1.71-1.73

Posted by AdCool > 2015-06-19 17:01 | Report Abuse

Still trying to learn what the heck i m suppose to learn ks55. I just know price just drop drastically and next thing PHB bought back and then declare shares dividend again. I just can't connect the dots except that the losers apparently are those retail investors.

Posted by justgan > 2015-06-19 17:04 | Report Abuse

should continue hold or cut lost? bought @ 2.50 =.=

Posted by hiroya > 2015-06-19 19:46 | Report Abuse

Justgan, i also bought at above RM2. But i`ll wait the dvidend pay.

Posted by AdCool > 2015-06-20 00:06 | Report Abuse

With the assumption of RM1.72, after ex date, the price would be around RM1.62. With the shares dividend, WC is obligated to offer a mandatory offer since his holding is more than 33% by then. He may offer a ridiculous price since he has no money to buy back all the outstanding shares.

Posted by justgan > 2015-06-20 09:26 | Report Abuse

believe majority of the investor here are mature enough and know their own loss tolerance level, nobody is blaming anyone for their own loss.
we are just unclear why is the share price keep going down for PHB and would like to seek for advise...

Posted by AdCool > 2015-06-20 10:30 | Report Abuse

Justgan you won't get that here. No one seems to know why except that China market is tough, escalating cost n lower profit each quarters for the past 8-9 quarters. Besides, stinct of bad news from arbitrary ruling,China tighten measures on corruption and luxurious spending at government side, online shopping, Vietnam business not doing well, Malaysia continuous drop of sss, gst, negative consumer sentiment, etc. Last but not least due to WC steel business and investors believe that he is using Parkson fund to support his steel business under lion group.

Posted by AdCool > 2015-06-20 10:32 | Report Abuse

And last but not least, Phb did not give cash dividends for the past 2.5 years

Posted by zerocool7199 > 2015-06-20 12:51 | Report Abuse

Goodsay ks55..agreed with your word

Posted by sharebuyback > 2015-06-20 13:16 | Report Abuse

I just checked last QR produce record high revenue for Parkson despite so many i3 forummers Parkson is having problem selling their products. Can trust i3 forummers?