Parkson really a bit not fighing mood, at least play above 1.00 rinngit . Parkson such a good international brand , wordwile network biz , in china actually very strong , sogo also cannot fight lol
Since you are KLCI King you should know in 1993 KLCI reach 1300 and after that drop to 267 in 1998 or drop of 80% in 5 years. Those who buy KLCI at 267 where they stand now? Similarly Parkson was RM 6 stock just few years can they recover back? Do retailing become obsolete?
Posted by KLCI King > Jun 16, 2016 09:41 PM | Report Abuse Drop from RM6.12 to RM0.84 in 5 years, 86% gone
6. With all meow-meow losing money, and not able to pay dividend, how WC going to pay interest on margin finance of his pledged securities to tune of 20m to 50m a year?
7. Also take note Parkson derives its valuation from these two operating units. They are selling dirt 'cheap' now, and should be going down some more. PRGL at HK$0.69 - record low, will break its own record again. PRA at S$0.1580 - near record low, can make record any time. Sum of Parts (SOP) is at 69 sen. With 30% discount attached to holding company (as safety margin), safe to buy at not more than 50 sen.
8. WC has been selling Parkson share at around 91 sen. WC sold 10.35M Parkson shares on 12.04.2016, 2.06M on 14.04.2016, and 2.18M on 20.04.2016 and 5.3m on 26.04.2016.
9. Meaning that either he think the share already overvalued, or he has to get some money to pay interest, or the pledged shares were forced sold, or he invite all meow-meow share-holders to go holland together with him.
10. All Lion meow-meow face potential forced selling by the creditors. This include Parkson shares.
11. Parkson rests on yesteryears business model. No hope for any turn around at least in next 3 years.
12. Share Buy-backs are weakening the balance-sheets even of the most cash-rich firms. Is Parkson really cash rich? How about 89.39m interest paid for 9 months on 2.49 billion borrowings? Since 2008, WC already used up 2.1 billion to buy back Parkson shares, otherwise he could have saved 75m on interest payment for 9 months.
13. Parkson share buy-back has become a kind of corporate cocaine that induces a temporary feeling of invincibility but masks weakness and vacuity. It has become a norm for any punter to buy by 4.30pm, then park to sell at 4.49pm. WC is going to pay these punters 'toll' to push up closing price everyday. He cannot stabilize Parkson share price with such tactic, but just draining the valuable cash. Worst still it become clear for WC to commit suicide by drinking sea water in the ocean to quench thirst (飲鳩止渴). Sooner or later Parkson is going to bleed to death.
14. Please don't tell me WC cannot understand the logical reasoning above. To me, he is paying peanuts to get monkeys to run his business empire -- from the very top to the sales personnel. Don't believe, just go to any Parkson outlet to see what are the sales girls doing......
aidwiz I think you must be Chinese. In Malacca and Penang has more Chinese than Malays. Please visit Parkson in Malay states and you will see the different. Our country has more Malays than Chinese so you see Parkson sales still grow YOY.
Notice of Shares Buy Back - Immediate Announcement PARKSON HOLDINGS BERHAD
Date of buy back 21 Jun 2016 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 380,000 Minimum price paid for each share purchased ($$) 0.830 Maximum price paid for each share purchased ($$) 0.840 Total consideration paid ($$) 320,165.74 Number of shares purchased retained in treasury (units) 380,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 48,612,980 Adjusted issued capital after cancellation (no. of shares) (units) Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 4.44000 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5129813
Parkson stop let contra kaki earn your hard earn money lal everyday they buy 0.825 sell 0,84 to you. tomorrow you staright away open at 0.90 then they dont dare to buy one ,
Ha ha ha. . . good morning ladies and gentlemen. I can sing while others can't. Sing a song to holland, mr 怕胜 你不要怕, 82' 81' 80'''yeh yeh yeh. sing a song to London mr WC 你不要怕 79' 78' 777' jackpot bingo, big money big money gone holland lah.
P really stupid , see today all the kl counters up so much takut orang ketawa dia , then he sendiri buy back share make sendiri up 0.01 sen, think we all idiot ah >>> if want help your co , shoul SBB hign volumn instaed of 39,500 at price 0.830 .
If really want help us please up 20 cents not 0.01 then the other day drop 0.02 and slowy drop again and again
If someone use 6000 ringgit buy in parkaon lasw time. Now only value 800. Share from 6.00 drop to 0.80. Beside our Famous Business genius Parkson , who can do it.
All the clever supporters jump to the sea,but still not realize what happen to Parkson ....This year facing business great loses, may be will continue for few years like steel business.
waluau till 0.795 also can , I think Parkson is doing before Hari Raya clear stocks, cincai jual cincai jual want money dont want goods , mega sales before Hari Raya, who want cheap can buy in now, now is cincau jual cincai jual before Raya, dont want any share alreday now . tomorrow lagi murah lol . many people say parkson share very easy to guess because only one direction slowly lower and lower not like Drb sunddenly can break one ringgit anytime ?
TheContrarian , hi agreed , I have enter mbsb also, but some said will drop after RI come out , because too many share already , and TheContrarian do you know mbsb got any warrant , no right ?
I don't remember others because they not from M'sia. Only remember Parkson got a lot of cash to buy back shares almost every day mean they have a lot of money. MBSB and Tienwah also ask for right issue but not Parkson.
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....
William_Cheng
86 posts
Posted by William_Cheng > 2016-06-16 11:45 | Report Abuse
ks55 why not ask same question on E&O boss? He bought at RM 2.60 and only own 21% E&O compare to my Parkson stake 60%.