Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD
Date of buy back 23 Dec 2015 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 676,300 Minimum price paid for each share purchased ($$) 1.010 Maximum price paid for each share purchased ($$) 1.020 Total consideration paid ($$) 691,373.51 Number of shares purchased retained in treasury (units) 676,300 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 7,918,880 Adjusted issued capital after cancellation (no. of shares) (units) Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.72000
If continue share buy back like yesterday in 1 month Parkson can buy back about 1% share. In 6 months about 6% share buy back.
If take EPS 5.8 sen times 4 EPS become 23.2 sen. PE only 4.4 times at RM 1.02. Share buy back and William Cheng buying. Will he privatize one day? Each round of share dividend will only increase his shareholdings.
Parkson price was drag down by lioncor...William will use Parkson share to guarantor for lioncor matured bond that ask for extension for another 5 years...very very riskym..if default payment, parkson share all gone
10 years ago William Cheng facing the same issue on huge debt but its safeguard by BeiJing olympic demand on steel that push up the steel price...this round is very tough for him by looking at his age of 73 now...pity him
Maybe Mr. Parkson no longer get paid by PHB to promote Parkson in i3 here. Hence, no more encouraging statements and words from him. Cari makan saja....
Shares buy back finally reach 1% yesterday. Meaning what? If Parkson decide to give share dividend 1% meaning those having 10,000 shares can get extra 100 shares your total Parkson shares become 10,100. Of course Parkson shares buy back does not stop at only 1%.
Can I ask you one question , do you know what is the differenciate of below two active Warrants ? PARKSON-CO Exercise Price 2.17 PARKSON-CP Exercise Price 1.00
ivan9511: Read the Warrant Announcement. CO was launched back in April 2015 and CP was launched in Nov 2015. What was the price of PHB back in April 2015? Then you would know why the exercise price is much higher at 2.17
Agree with ks55...ivan9511 do your homework before investing instead of keep asking why...why..why... Parkson please correct me if i am wrong. Share buyback will raise EPS. Is parkson doing it on purpose just to raise EPS and cover their lower earning for the coming quarter? Make sense right?
I think is good time to buy now..decade long supp lvl..if brk 95 sen jUST dispose..but u have unlimited gain let's say nearest resistance at ma 200 which is just 1.25...limited lose unlimited gain..just look at current Sem position...when it stays at 1.4 PPL.bashing like no tomorrow...now PPL all quiet
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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....
Parkson
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Posted by Parkson > 2015-12-24 15:09 | Report Abuse
Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD
Date of buy back 23 Dec 2015
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 676,300
Minimum price paid for each share purchased ($$) 1.010
Maximum price paid for each share purchased ($$) 1.020
Total consideration paid ($$) 691,373.51
Number of shares purchased retained in treasury (units) 676,300
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 7,918,880
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.72000
If continue share buy back like yesterday in 1 month Parkson can buy back about 1% share. In 6 months about 6% share buy back.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4959297