This time "ks55 is right, WC used buy back this trick for PRGL, he bought back the share from HK$2.3 down to HK$0.86 then stopped and the share still went down to record low HK$0.61.
Everyone knew "WC" is run out of money for every sector of his business, he is too selfish and greedy, he want to keep all his empire's companies and not willing to sell any of it. He is keeping restructure the "The Lion group" and buy back the shares once upon the time, when those companies still valuable. Consequently, those companies were end up suspend on the stock market list.
Parkson used the old type of stupid strategy, the percentage of own properties is less than 20% of the whole assets so when the company start to losing, the grading and the share price will drop rapidly and also I think "WC" may used his own shares to gamble with other for "Option" trade in order to get extra money. However he don't have smart team to help him to win the battle at this moment. I still love Parkson Brand and wiling to support and fighting until the end.
"WC" need to start to think it over again....... is that a good time to have better strategy to sell PRGL to "Golden Eagle" ????
The lion group is worth nothing now and the rapid expansion for Parkson for the last few years end up big lose in this stage, Upon once the time, while Parkson have Big cash on hand, he is rather going to rapidly growth the number of department store instead of going to bought any properties to upgrade the balance sheet assets. His mind is going down, the old man really not going to survive in this decade unless Trump Donald help him to beat up "Alibaba".
Lucky the shareholders of PRGL are smart not to own the PRA. "WC" already knew the financial crisis for PRA. He is digging the hole to ruin down PRGL shareholders interest.
Lucky "Golden Eagle International Retail Group Limited" is the second majority shareholder in PRGL and make some important decision to suspend the deal. Look over the share price between "Golden Eagle and Parkson", it's heaven and hell. "Golden Eagle hit the 52 weeks high and PRGL just over the record low. PRA and PHD were starting drop to record low and will not knowing what is the lowest price and when will it start turnning over or end up suspend from stock list.
It is non sense for William Cheng get to privatising Parkson, he is running out of cash and the big problem is the currencies uncertainly for all asia countries to decrease the profit margin for Parkson to stop bleeding. China RMB and most eastern asia currencies are depreciate and the salaries and operating costs in the develop countries are rising rapidly. This is a disadvantage compare with lower cost online shopping store. Also many Parkson store's were locked the long lease agreement for 5-10 years and bearing the high rental costs while those department stores opened in peak period.
should be some fund manager who known himself as warren buffett of malaysia & shouted bear for 4 years and finally he sees sign of bear. therefore selling his parkson share.
Actually William sold earlier Parson to Lion forest,that time already show the very bad out look for the company. William already sold the shares few years ago till to date.COMPANY continuing buy back unfinish shares,imagine who have such large amount shares can be sell.
unless the stupid boss got ball to take over at 3.50 like thestore boss so general offer 3.50. I dare the parkson loser see him still got ball offer us 2.00 for private his own shit or not lol .................................
HAHA.....William do the same trick to Parkson Holdings Ltd. now, buy back everyday but still can't stopped share dropping, but anyway he is the big winner when the share drop because he can collect the share at lower price. Everyone knew it will have positive profit in the next quarter can cover all the loss for the whole group for the year because the great disposal of Beijing department store. It depends how will he present the report in order to make the shares price like PRGL fly 68% in a day. In this moment he will pull down the share price as low as it is.
I'm not supporting his motivation because he cheating all small shareholders. However, we can't do anything at all. Maybe selling all the holding share and get ripe of it.
Agree with ks55, they are play like accumulator or eliminator contract, when the share hit at certain point, then they will losing the game. It sound like the fund managers are hungry to pull the share down.
All fund manager set up the buy or sell order signal, when the share rise or drop 20% or some margin, then the process begin and will automatic pull the shares up or down until hit the target.
PHD lose all supporting point and drop to record low, no one can predict what is the bottom line for it until all the forced selling gone and over selling will be rebound. In the short sight, the share will be drop very sharp.
One way can make Parkson become sunrising industry is make an alliance with Alibaba just like Intime International Holdings Limited (HK Stock 1833), but with the selfish personality for WC, he may not willing to do it....
ivan9511 unless the stupid boss got ball to take over at 3.50 like thestore boss so general offer 3.50. I dare the parkson loser see him still got ball offer us 2.00 for private his own shit or not lol
I also hope the Boss if got ball just take parkson back by offer price 2.00 When see Aeon and TheStore investors all get the rewards , I really sad Hold Parkson for two years and the Boss still sleeping like non of his shit .
怕剩大剪价,又来了, is WC offering this round? Just pass 10 percent off rm0.75, maybe can offer barging 20 percent, rm0.60 or margin call 30percent rm0.53. 血流成河,没眼看。buy 1 lot lah RM53 ok.
Tomolo I want to buy parkson again at 0.645, 0.64, 0.635, 0.63 till 50 sen and below. Ur guys pls dun selfish and continue sing down / force selling Parkson. Thanks a lot. Love ur guy so much !
How come the fund manager know the closing target price for Parkson. It's not calculation, simple is that parkson playing the option game with the fund manager.
I bought it long time ago when Parkson still health and making profit, and I only bought few at 0.69 when it began to drop. Let's what will it happen and decide to mix up to pull down my average price for my portfolio. good luck all !!
vitac, got vitac . on that day parkson agm , got some uncle and old india man , claim they are supportes parkson , I not sure how much ,but can sure very high from now, because they keep shoot the parkson boss , the boss keep diam diam only. they said they support many years ago, I expect they buy around 3.00 ringgit . they told the boss they are worry about the share price , the boss reply " are you confidence in us " quite funny conversation I have about 10% of my total investment in Parkson @ 1.00 . now very sad see parkson 60sen but I see Thestore and Aeon all doing very well beside of Parkson feel sorry for Parkson, because When Parkson become a famous landmark in the world , Aeon still baby or even not yet born . Now Parkson end up like this , hope the lion can wake up get back the jungle , since his is a lion and king of steel ,haha 05/12/2016 18:09
When it was 1, someone said it's cheap. When it came to 0.80, got people said it's discount sales. Now come to 0.60, what is it now? I don't know. I only know the business is in the dead end tunnel without any light while a bunch of zombies are approaching, matilah kali ini.
Selling china business, closing vietnam business, dying malaysia business, where to go now?
It's need to rest a bit until all force selling are gone, but it just begun for a week, it may continuous for a month or even longer. Don't expect it will rebound quickly to recover the loss.
Just repurchase everyday, but it wouldn't last long to keep the share price. It will drop again and make it become worse. For Parkson's management and boss, they should saving money and use it in better way to securities shareholders best interest. I was laugh in AGM, boss asked shareholders, are you confidence with us......... it just bull shit. Shareholders only concern the share price and company's interest. JUST DIAM DIAM WORD....
I'm confidence if you buy my share at the higher price... Will u "WC" ??
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....
Penti_MM
150 posts
Posted by Penti_MM > 2016-11-29 10:26 | Report Abuse
This time "ks55 is right, WC used buy back this trick for PRGL, he bought back the share from HK$2.3 down to HK$0.86 then stopped and the share still went down to record low HK$0.61.
Everyone knew "WC" is run out of money for every sector of his business, he is too selfish and greedy, he want to keep all his empire's companies and not willing to sell any of it. He is keeping restructure the "The Lion group" and buy back the shares once upon the time, when those companies still valuable. Consequently, those companies were end up suspend on the stock market list.