Why he wan to hold some share which is lower than 5% in his wife account? Why he sell out? If he sell out, he made his own portfolio that more than 10% become lesser in term of value.
If he really wan to sell, why he buy alot of quantity at RM6.18 to RM6.27?
12 sen is good dividend if you bought at below RM4. KYY came in at 4 and above. bonus or split are good for speculators, selfish and short term investors. No different for loyal and long term investors. Bonus /Splits allowed major shareholders to goreng and cheat retail investors. we are lucky that Latitude's mgt are smart enough not to be conned by KYY and his team. Major shareholder who like to goreng will follow KYY's advice blindly without considering the long term outlook. They only care for short term gains.
if it is not kyy then it could be his followers... he wields a lot of influence, what ever it is... his letter made lots of sense and may have affected many ppls judgement... what other reason can it be??... he himself said so in his letter... just read it and then tell me it doesn't make sense??
It is the top furniture stock in bursa but not performing.... in the short term at least... but in the long term... it will definitely be valued at its deserved rate.
The current stock performance will give the shareholders more bullets to justify their complaints during the AGM.... maybe its just an elaborate plan to pressure the management... who knows??? There's lots of money involved... anything is possible....
Just sharing my opinion... hope i don't offend anyone.
if you are long term investors like me who had invested in Latitude since year 2013, you will hope that the mgt keep the reverses for future instead of benefiting those speculators and short term investors.
haha catalist. You dont know about the real story until u attend the AGM. U cannot made any conclusion why they didnt pay dividend. Just attend the AGM and ask why they dun wan to pay.
See canone, success and hhgroup. Dividend yield so low. But why still up so much recently?
Alex Chan: walao, last year AGM notice only come out mid of November. Now only early of november.
Eh, you tink wan to open AGM then open just like that ke? No need deal with auditor ke? Auditor come out report, then accountant of latitude need to put in all the chairman statement, director statement, design, bla bla bla. Then auditor need to prove reading on the annual report.
btw, KYY is laughing at the foolishness of comments by Lukesharewalker and Alexchan. He said, if u r so pessimistic abt Latitude, u should have sold all at rm 7.00 and not making unnecessary noises here. If u have the guts, do meet the CEO during the AGM.
Well.. I don't think kky should be brought Into discussion. If he sold his share so what? If he hold so what? Don't tell me u buy share base on what he brought or sell base on what share he sell.
Do you own homework. For me below 6.70 is a very good price to enter this stock. That's just my opinion. Looking forward for the AGM.
Haha i dun care about who holding or selling this share. As a value investor i nvr scare to take risk on undervalue share. Drop more than collect more. This is my strategy. Still thinking can attend AGM or not since last year held at Shah Alam. Quite no convience for me
I always believe in long term investment in good companies to get good returns. Short term investment will only allow you to make limited gains. I invested in bought Nestle, Public Bank, Top Glove and QL and kept it over 5 years and some over 10yrs. You will enjoy very good returns from such good companies if you hold it for long term. Never sell it and hope to buy back when it drops as sometimes those good companies never go down only keep going up. So conclusion, if you want to have good returns, you must invest for long term and not hit and run. short term investment will allow you to make a bit only.
Latitude's highest share price goes to RM7.50 on 21-Aug-15 & 27-Aug-15, during that time EPS=RM0.82, PE ratio = 9.1
Last year same quarter average exchange rate is 3.27, this year Q3 average exchange rate is 4.29. (check the currency rate @ http://www.oanda.com/currency/average).
MYR deprecation & strong demand in US will definetely make Latitude's coming quarter fantastic. It should have at least EPS RM0.30. So the overall 4Q will become RM0.95. PE ratio will reduced to 6.75.
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....
Lukesharewalker
6,535 posts
Posted by Lukesharewalker > 2015-11-06 13:09 | Report Abuse
Not in his name dude. Wife's ....