LIM.parkson there already sold long ago. if not wrong icap is a major shareholder of padini for many many year. think the share now all free for there received good dividend yearly. this one not goreng stock have to hold long long time.
Padini cheap sale for quite awhile. If coming quarter still promise for 2.5 sen dividend. Mean year dividend is 10 sen (not include special dividend) based on recent price, 1.63. It gives 6++% of dividend. Nice share to invest. Beside it ord stand low for awhile. Is time for padini to rise b4 quarter report out. I oso do believe many big fish has hold alot of padini for recent time. All are waiting harvest time to come.
Padini need to proof it able to sustain last quarter good performance otherwise the share will stuck at 1.60 level. The growth of the company sales is questionable at this moment by big investor. Hope their oversea business can show good result to counter the local competition.
i had bought this stock last year around rm1.75 and sold it at good price rm2.10++, just by luck it fell till currentprice, feel that it has upward potential, will buy back now
@tshwong - not that long actually just 3 years :-) The management are good and know this industry well. If still the same management that drive the strategy then future business would be good. If they plan to change the management team then different story.
In general as of today company future still look bright. They will keep on looking for opportunity to growth their business this is one of the reason why I invest in Padini :-)
haha.... me sad too.... as I hold some at 1.1x maybe those that buy at that price and still holding want to get out and buy other counter as they seeing this counter does not move much and want to use those money to make quick money and then re-enter back to Padini or never back :-)
If I sell now I still make quite a money.... So it depend on people need at that time. If someone give me insider news that xxxx counter will raise the stock price to almost double in a week (must be 100% trusted). Then I will cash out here and buy that counter first and join back here after two weeks :-) BUT that never happen in my life where I can get the insider news.
@hepitrade - how long you have been holding? Advice: Don't trust people when they say going to RM2 or so..... don't get me wrong..... It will but may not fall under your expectation that it will happen tomorrow :-) All the plan and strategy need time to discuss/adjust and execute.
Same don't trust me too, you need to understand the company, knowing their balance sheet and other financial statement also their previous performance for the last 10 years to make some summary then decide.
theres an article on padini in the edge. they are giving out 11.5 cents for dividend this year and opening 6 more outlets in 2014. anyway, 11.5 cents is like 7% at the current price now.
At this point of time, whole market is waiting for the quarter result. Price is likely to be greatly influenced by the result. If earnings increase yoy and dividend stay at expected 2.5 cents. Likely there will be a reversal. If otherwise, a downtrend is likely. If you bet that this quarter results will be good. You should enter now as the result will be announced in 20+
The quarter result should be great as I see more and more people going to Brands outlet too and BO contribute quite a lot in the revenue. I will buy and hold
@tanahchew - there are no right or wrong price to enter. It depend on you at what price you willing to buy. In my case, when I have extra money I will just buy and keep like a saving in bank since it give more dividen then bank. When you need money then you can sell it at the profit you want.
Again, if you opt for short term profit then this is not the right stock or counter for you. For quick money goes to Sona-wa in two to three weeks then go out. Padini are for those two to three years :-) to see great result.
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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....
mikekong55
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Posted by mikekong55 > 2014-02-08 23:34 | Report Abuse
LIM.parkson there already sold long ago. if not wrong icap is a major shareholder of padini for many many year. think the share now all free for there received good dividend yearly. this one not goreng stock have to hold long long time.