sharebuyback still promoting share buyback strategy? Not working at all. After the last ex price at 1.63, now already 1.38. This fella will continue to fall more until it stabilize. Looking at it now, it hasn't stabilize at all. At least another two days of drop due to both internal and external factors.
The horse carriage industry with the advent of motor car.
The iphone has replaced wristwatch, the alarm clock, the calculate, the camera, the gps (tom tom), the calendar, the stop watch, the fixed line phone, the tv?, the radio? the video camera? the ???
One intelligent phone incorporates all the other into just one.
With the advent of alibaba, taobao, direct delivery home tv shopping the days for consumer discretionary are over.
Parkson has a long term disadvantage due to the emergence of new technology - resulting in new way of life.
Those who still live in ignorance will be left behind. Left behind? Left where? In museums where we can view their relics.
PRL moving up again(higher than Parkson). Those selling below NTA RM 2.64 is not smart. Cash almost RM 1 per shares leaving about 40sen for shares(PRL and PRA shares) and investment properties.
Many counters recommended in i3 people never hear the company or where to buy their product. If someone said they never been and never shop at Parkson they must be from rural states in Msia eg Kelantan. While our shopping preference may not be 100% same among us I believe Parkson still have their loyal supporters otherwise why number of Parkson stores increase year by year.
Many things can be bought at Parkson not only clothings unlike Padini. Ladies can buy cosmetics, household products, babies necessities, toys, shoes, bedding accessories and stationeries items guys won't buy.
Competitors like Tstore are selling at RM 2.76 and Aeon at RM3.05, why nobody want Parkson. Parkson has more cash(prudent cash management) than their competitors. Perhaps if Parkson takeover Giant like Aeon takeover Tesco will buying interest return?
Parkson 31 Mar 2015 net cash is 95sen meaning i3 forumers selling Parkson 40sen for other assets. Padini NTA is only 59sen yet people pay RM 1.30 for it. Why?
Are those selling Parkson cheaply(at huge loss) smart? WC and Tabung Haji(top 2 Parkson shareholders) never sell a single shares during recent meltdown.
As long as there is no better profit for PHB, expect continue downtrend. It has dropped from RM5 to current stage and there's no reason for it not to continue to drop if there's no positive news about it. China market is really affecting PHB earning and that is really not good to Parkson.
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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....
sharebuyback
148 posts
Posted by sharebuyback > 2015-07-07 14:54 | Report Abuse
At least I have been to Parkson and spend some money there but not your counters or KC Chong counters.