I just sold Sem...3 months share buy back bfr up. When buying a share dun look at share buy back. Judge from whether this share is at its bottom and wat sort of risk in it...ur job is to earn from it and not be its long term shareholder
If still drop meaning Parkson need even less money to buy back shares. Parkson has so much cash can buy everyday for this whole 2016 something not many counters can enjoy the same. Top 2 shareholders WC and Tabung Haji never disposed at all probably poor retailers like Adcool, jwcha10, hooi etc cut loss.
I earned 20% on parkson past few months hike...there is no risk for me to buy now as my bottom line is 95...no harm done...and I believe 1.2 to 1.4 is possible soon...parkson is diversifiying thier business in Malaysia. Its a good thing XD No risk no gain
hooi was buying a lot back last year and Mr Parkson was just asking ppl to buy and kept shouting on the 10sen dividend. When I mentioned it s just a proposal and not sure way to get it, then Mr. Parkson is so defensive. And now it s proven that the dividen is no way to be seen. So Mr. Parkson is the poor retailer getting trapped in this counter and have no guts to cut loss and move on. And yet he wanna label the rest who have been accumulating alot back then to cut loss as poor retailers.
Come on, cutting loss in shares investment isnt a bad thing. If I have not cut loss at RM1.75, I would have made more loss now and without any single cash dividend but just hope and hope and hope that WC would reward me for my loyalty in holding PHB.
Those who hold high abv..good luck..lesson in stock is always critical set set ur cut loss point..at this lvl now no need cut..cuz is decade low..maybe only consider to cut below 95 or start averaging at current lvl
All of us are different human being so eating and shopping preferences cannot be 100% same. Some people may like to shop at Padini, etc but Parkson has their own loyal customers. Human can lie but figure cannot. Parkson revenue keep growing year by year.
I thought small cap below 250M??? Parkson is nowhere near small cap. Outstanding shares 1 Billion. When it was above RM2 last year market cap more than 2 Billion. When it was RM5 few years back, market cap 5 Billion.
Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD
Date of buy back 13 Jan 2016 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 522,600 Minimum price paid for each share purchased ($$) 0.965 Maximum price paid for each share purchased ($$) 0.975 Total consideration paid ($$) 507,482.57 Number of shares purchased retained in treasury (units) 522,600 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 13,023,480 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 (%) 1.19000
You are right PennytoDollar. Parkson has a lot of cash hence share buy back almost every day using hundreds of thousand RM every day. This is something no other stocks in Bursa can do like Parkson. http://klse.i3investor.com/servlets/stk/annshrtxn/5657.jsp
Even Public Invest(M'sia no 1 mutual trust company) regard Parkson highly with TP RM 1.48. Parkson has more outlets and sales than Padini despite only half Padini price.
Ha ha ks55 勇者 创造机会 智者 把握机会 愚者 找不到机会 死者 (絕望者) 永遠沒有机会 13/01/2016 22:08 Two thumps up, awarded two LIKES, my honey said. Me too, LIKE, one big thump up for Mr KS 55. Ok
Mr Parkson, a lot of cash doesn't mean the company is good. As an investor myself I would prefer if the company spend the cash for strategic expansion or m&a instead of everyday buyback share. Without expansion plan, parkson's profit can't go beyond the sky.
Just now at Parkson queue to pay. The cashiers ask us go to lower floor to pay. 'Kita nak rehat'. 1 counter 2 cashiers why must shut down the counter. Seems like the management are losing their grip on their staffs. The company are running like nobody business now. Mr Parkson since you are major share holder, pls pass the massage to WC.
Tsuto here is the proof. Q1 2016 Parkson sales RM 933.389 million vs Padini RM 269.573 million(or compare TTM Parkson RM 3.822 billion vs Padini RM 1.020 billion). Padini sales are from M'sia whereas Parkson also has outlets in China, S'pore, Indonesia, etc. If compare profit same qtr Parkson made RM 63.29 million vs Padini RM 31.8 million or about 2 times.
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....
da4444
424 posts
Posted by da4444 > 2016-01-07 23:28 | Report Abuse
If you guys buy parkson at 99c and tp at 101c...whats the point when your ownself have no confidence to hold this counter?