Please take note to company announcement everyday:
1) There is a spouse (Chan Kwai Heng & Yeo Sok Hing - Executive Director of Padini) keep selling Padini Stock since 24/2/2016. Their name keep appear on announcement. This indicate that their have Padini stock for at least 5%. But in last year annual report their total stock not more than 2%. (Please correct me if wrong).
2) This director had done below transaction before leaving / resign: 2/6/2016 - Disposed 100k @ RM2.31 15/6/2016 - Disposed 200k @ RM2.28 average 13/7/2016 - Disposed 50k @ RM2.47 15/7/2016 - Resign from Padini (reason is "PERSONAL REASON")
Total Share on Hand: 1,302,000 share Total Disposed : 350,000 share Balance : 952,000 share
If they got 4.99% share on hand i think there is a chance to keep disposed share without inform to Bursa for Announcement.
3) 15/7 2016, once the director resign, Benjamin Yong Tze Jet (Son of Managing Director - Yong Pang Chaun and Executive Director - Mdm. Chong Chin Lin) appointed as New Executive Director. That make it part of Family Business in nature.
Is there any Agenda from inner news that we dunno?
don understand why people don want to hold this stock. Excellent dividend policy and improving earnings.. Plus, u have padini at most malls and also dedicated online store.
People don't hold because of many reason: 1. They only here for short term. Hit and run 2. They don't know much about this counter. Listen to other then buy of course when make very little money then they go ;-) 3. A lot of fear element. Because they did not put effort to study and understand what the company does and who are the management. 4. Of course there are many more other reason.
Now dividend declared - 2.5 cents and the result is very good and exceed expectation. Then say miss the boat hehe....
Alright whatever the case as long as you happy and make some small money then congrats. But this counter really for long long term investor and will be the passive income for your retirement. At least I still think the same after 4 years holding this counter stock :-)
Great company. Have been holding since 2014. Been rewarding with div every Q. Maybe the management can increase the div for 2017 with a special div to the patient shareholders.
I thought the market has already priced in for the latest quarter result before the announcement date. The ttm-EPS before the announcement was 18 sen. At 2.60, it was trading at a P/E of 14.4x. The latest quarter results is very good indeed. Its present ttm-EPS is 21 sen. At 2.95 per share, Padini is now trading at a PE of 14.
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....
Springtime
674 posts
Posted by Springtime > 2016-08-24 20:26 | Report Abuse
Collect more at 2.60. Thank you seller.