I will be chasing this soon after Calvin gave up(wait too long and impatient) and sell it like what he did with latitude and Kesm many years ago So Calvin will end up with another losing counter again and again
In Annual Audited Account (AAA) 2014, KPSCB reported Net Asset Value (NAV) of RM1.37/share. As compared to a recent market price of RM0.50/share, KPSCB is traded at a 63.5% discount.
1. Sack the management at the holding company level: This suggestion is immoral and, thus, a non-starter. Nevertheless, my black humour seeks to point out that the market may be wary of the prior or current management’s capital allocation skills. The market places a negative value on management at the holding company level or anticipate deterioration in KPSCB business performance. 2. Buyback shares in the open market: There was RM27.6 mil in cash or 26% of the NCAV. Part of the cash could be taken out to buy-back shares as KPSCB is deeply undervalued. Doing that will absolutely support KPSCB stock prices and increase earnings per share, and vice-versa. 3. Seek tender offers: Sell a fully-valued or poorly/unfixable investment/business/asset and use the proceeds in another investment or buy-back shares. 4. Pay dividends: The real reward is cash. Dividend is an effective approach to communicate to shareholders so that they can close the gap between KPSCB stock price and the NCAV.
1. Sack the stupid professor first 2. Buy back with whose moolah? Calvin sponsor the moolah 4. Pay dividend? May be borrow from bank 3. Sell asset to whom? Who willing to buy a dormant company or overvalued company, Calvin may buy them instead
From the open letter I can conclude that the professor is impatient and readily to let off his shares anytime May be he wait too long like Calvin and now he finally realized he can't wait anymore
My view , as far as business is concern, it is very good, This counter should worth much more. 75 sen at least. But the management team is damn lousy, probably selfish as well. Making good money for over a decade, but never give a single sen dividend. Give dividend lah!
Do you also condemn Berkshire Hathaway for not giving even one sen dividend?
Dividend is not the only indicator.
KPS is buying & buying up KPSCB Shares all the way up until KPSCB is taken private like the stingy Mamee Co last time.
Selfishness?
Yes, just buy KPSCB below KPSCB buying price of 60 cents. One day you might even be able to sell back to KPS for over Rm1.00 when he finally takes it private.
Why r u getting so excited abt the current gd qrt result? While the market think otherwise??? Is there something that u miss out or not knowing? You sound pretty confident abt your choice of counters! Gd on you mate! Best of luck to you! Think you will make it BIG!
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....
uncle
399 posts
Posted by uncle > 2015-11-27 13:18 | Report Abuse
stock market only .......is not religion lar...........dont over excited.........no need explain no need critic....