Doesnt make sense to buyback shares now though... new expansion plans are likely, in which case, funds would be better utilised for capex and and working cap. No?
Yes jimstock, the bosses have been accumulating the shares all the while n have not disposed any shares at all unlike the directors of many other counters. Good directors' support!!! Trade at own risk
It is cheap below 2, but expensive above 2. Because it is making profit, the wealth accumulates over time. Therefore, it is getting from fair to attractive. Base on this situation, I think that chances to go below 2.00 is low and it may be a small volume if it ever happen. Therefore, it is going to be hard to acquire below RM 2.00. It is easy to sell at RM 2.00, but it would be difficult to buy it back at RM 2.00 after that.
GST exemption on petrol (RON95), diesel and LPG. GST will not be imposed on the first 300 unit of electrical bill. This means 70% of households will not pay GST on electricity usage. Kris: It is expected that next year there will be a electricity tariff hike and GST exemption does not mean that there will NOT be another "subsidy rationalization" in the future aka price hike of petrol. Increasing another 20sen will surely be much more than the GST 6%.
That is why i highly suspect that GST will not be levied on petrol for the time being. 6% on RM2 is much smaller than additional 20sen on RM2. (10% increase!!)
i) fruits, local and imported,
ii) white bread and wholemeal bread,
iii) coffee powder, milk powder and coco powder,
iv) egg noodle, rice noodle and vermicelli,
v) 2,900 brands of medicines considered to be of national importance, including for heart disease, diabetes, hypertension, cancer and infertility,
vi) reading material,including workbook, children's colouring books, text book, dictionary and religious texts,
Accumulated 5,000 units at 1.71 n 1.72 today n will continue to accumulate some more when price is a bit stable. The price looks very cheap now..............trade at own risk
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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....
Derreck Lim Kar Weng
54 posts
Posted by Derreck Lim Kar Weng > 2014-07-03 18:56 | Report Abuse
I reveived my annual report today. Inside also include a share buy back agenda i thinks because of this share buy back thingy push the price up