why everyday share buy back no matter high or low still share buy back, share buy back, share buy back,share buy back. Better Pakson private his own company then offer every one of us here RM2.00 per share lagi baik la.
I think that's what they are trying to do. After this buy back, major shareholder will hold 77%, 2 more 10% buyback and they will hold around 95%. So only 5% left for general.
everything need to wait coming report, as I know last reports show good profit , if this time still showing good reports , I expected can up till 1.2 at least . so parkson this coming report must be positive then we all Huat Ahhhhhh
I thought parkson already bought back many of his own share what ? seem not much share outside alreday , why still dropped one . outside still got many share ? I dont think outside small kaki still got many share to sell down Parkson price .
If this coming report show positive , I think 1.50 should be no problem . All we need to do is just wait for few weeks I got confidence Parkson this time report will show positive and I keep sapu all the cheap price right now , someone want sell better dont as I pretty parkson will rebound soon .
This is one of the counters that I check on every day...waiting for a sign that it has FINALLY found its bottom. And a hint that it might move in the other direction. When it does, there will be the potential for at least a 30% capital gain within a couple of months. Haven't seen any sign of green shoots appearing yet. So...Keep on checking and waiting.
I agreed with Mat Cendana , because If this company really bad , why mainshareholder everday share buy back, unless they want suicide , they keep buying at low price , sure know this share will up, I expected will up 50% at least , tomorrow bullet ready, start sapu as much as possibble, I dont believe will down anymore , no way no way
@ks55 The quarter report is eagerly awaited. This will move Parkson either way. Can only speculate for now although I suspect the numbers won't be particularly inspiring. I had been to the Maju Junction outlet not long ago, and it was very quiet. To be fair it was towards noon on a work day. My main regret - should have bought a few pants. Some okay brands were on sale. Only when at home did I really appreciate it. My purchase might have helped with the quarter's revenue figures...couple of hundred :-)
I'm also intrigued by Anglie Lim's and Parkson's comments. It has gone down so much and for so long I'm wondering how many sellers are still out there. The shareholders i.e William Cheng's companies aren't likely to sell on the open market, right? So, its price should remain around this range in the next week or two pending the quarter report. Certainly better than the Shell units I had gotten last week. Now down 20% Haiyaa. Serves me right for ignoring consistent use of fundamentals and technical readings, and buying solely based on emotions (the name. I had also bought UMWOG based on... UMW). But don't worry - won't be driven to borrow from the local friendly Along even if it drops 90% :-)
Anyway, with Parkson - as with my "speculations" portfolio, I'm watching for movements. And jumping in when some specifics are met. Just looking for an opportunity for some quick gains.
Shares buyback for Parkson has been a disaster, wasting its cash reserve recklessly involving millions tens of millions and its share price has gotten worse every quarter. I'm a very disappointed shareholder!
By Monday 15th we can prove whether ks55 can be trusted. He said SSEC will drop 7% and suspend the whole day.
Posted by ks55 > Feb 11, 2016 10:55 PM | Report Abuse
Regardless you like it or not, SSEC will drop 7% at the first 30 minutes on Monday, then suspend trading for the whole day. Tuesday's performance will depend on Monday's Wall Street closing........
Good to keep more cash at least until next Wednesday.
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....
Beginner1
22 posts
Posted by Beginner1 > 2016-01-20 17:16 | Report Abuse
Some people bought more than double your price. As long as you have the holding power, you should be fine