Profit before tax: RM 105 million; Profit after tax and minority interest: RM 63 million; Net profit for the period: RM 86 million; basic earning per share: 5.80 sen, NTA RM 2.73; Wah.. This quarter results looks nice. Well done !
Ppl just dun understand that the profit is from selling of assets and not of operation. Just like the time when they sold the business in Sri Lanka and KL Festival Mall at Setapak.
Anyway, PHB will have the cash now to continue the share buy back and defending the price from going below RM1.
Parkson at least have profit compare to losses. It have net asset rm2.75 per share. it good to give confident for investors to hold long time. then the share price will up. it also given so cash to the management to rebrand the business.
what you see in this quarterly result -operating loss. only with a one off gain not sure what is this not disclose in detail, maybe paper profit? Any future for parkson to catch up with competitors
After share buy back, the 5 substantial holder will hold 36.24%+1%+6.83%+17.16%+9.67% = 70.9%. Does that mean that all other shareholders holds only 30%?
If there's another buy back after this, their share will increase to 78% -> 85% -> 95%?
If not remember wrongly Parkson net cash company. Financial strong so if major shareholder keep on buy back also no scare. Next time want take private easy and can keep all the profit in own pocket..lot msia boss do this way.
LynnUng park and sell meaning normal queue..buy or sell..what i mean above is during pre opening/closing that you will get selling priority at buyers price with the condition that your selling price during pre opening/closing is lower compared to other sellers..
After 2 weeks of monitoring, PHB will cont to use the cash to defend the share price from going below RM1. To me, this is just a waste of cash to do something which is not adding any values to the business. How long can PHB sustain this just to defend the share price from not going below RM1. The counter price will at least hover between RM1 - RM1.05 for the next few months. And there is no dividend payout. Better keep your cash in bank FD.
Think WC wanna avoid selling of pledge shares if the price goes lower than RM1. That's y use ah Kong money from selling of assets to support this agenda.
WC is an old car no power, buy more then throw down to RM 0.80 offer cheap cheap sale. Ho ho ho Horlick , I buy 3 lots lah RM0.81, ha ha that is the ways I like it, ha ha ha WC 我 请福建 mee ok ➕ udang besar satu ekor.
@AdCool Thanks for the feedback on the share buyback. Should have done this basic check myself. Previously I had thought it was "market support" whenever it went close to 1.00. Turned out it was by PHB. Cheh!
I agree with @ks55's take - just let it slip past 1.00 and thereby find its real support, wherever that might be. Could be 0.95, or 0.85. Or 0.70...? Who knows. But I think WC and family could never see it as "penny stock", and thereby being peers with 'disreputable characters'. That would be like moving from the nice cafes and restaurants at Oasis Ara Damansara and The Curve to patronising ordinary, no-frills eateries. Would be a crushing blow to the image - once coveted shares, now ignored even by traders.
I'm still watching it for signs of bottoming out. But with this share buyback, the purported support line becomes questionable.
ks55, stop ur 乌鸦嘴 la. share buy back is agreed by majority of shareholders in AGM, not WC one person decision. Pls respect major shareholders's decision. 百盛今天的业绩状况,你以为它想要的吗 ?整个大环境,趋势所逼..
Yes of course WC needs to eat 福建面 to stop hunger feeling, parkson shares is expensive to buy, 有钱吃福建面,That is smart. 买parksen shares, that is not smart.
WC cant let it to go below RM1. Hence, must defend RM1 at all cost. The last line of defense for WC. If it breach RM1, PHB would definitely become penny stock.
The round numbers are critical and are always strong resistance and support. But 1.00 is especially critical because it also carries this "penny stock" stigma. This is okay with ACE counters or those that have just been listed. But not for counters that were once coveted by investors.
I've also observed counters that sink below this level tend to stay there for years, if they don't get lifted back up within several weeks. AirAsia, UEMS, UMWOG, Armada etc. are recent `success' cases where they had gone down but managed to recover. It's something like the English Premier League - the clubs that get relegated tend to stay in the lower division/s if they don't gain promotion within the next couple of seasons. In a way, can't blame WC and PHB - 1.00 is a "defend at all cost" line.
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....
datasonic
921 posts
Posted by datasonic > 2015-11-24 17:38 | Report Abuse
Quarterly result better than last year same quarterly... BUY