With all meow-meow losing money, and not able to pay dividend, how WC going to pay interest on margin finance of his pledged securities to tune of 20m to 50m a year?
He has been selling Parkson and Lion Industries share at prevailing market price. Meaning that either he think the share already overvalued, or he has to get some money to pay interest, or the pledged shares were forced sold, or he invite all meow-meow share-holders to go holland together with him.
PRA Q3 ending.............. 31.03.2016... vs 31.03.2015 .. % Change Gross Sales Proceeds...... 245.32300m vs 295.92400m .. (17.1%) Profit/(Loss) Before Tax.... (7.47000m) vs 12.146000m .. >(100.0) Net Profit/(Loss).............. (7.30600m) vs 7.9840000m .. >(100.0) http://www.parkson.com.sg/wp-content/uploads/PRA-FY2016-Q3-presentation-slides.pdf
PRGL QR will be out next week. Will incur heavy losses. Please take note PRGL is now at record low at HK$0.75
PRA is now at near record low S$0.16
QR on Parkson set to be out by 27 May, and result will again invite Public Invest Anal-list to downgrade its TP to 75 sen or lower. Do you still think Parkson worth 91 sen? WC was selling at 91 sen should give you some indication what is Parkson fair valuation.
ks55Parkson Retail says same store sales for quarter declined by 9.0 pct<3368.HK>
Thursday, 19 May 2016 PARKSON Retail Group Ltd <3368.HK>: Same store sales for the quarter declined by 9.0% . Total gross sales proceeds for the quarter declined by 13.4% to RMB4.67 billion . Qtrly loss attributable to shareholders for the quarter was RMB17.8 million .
With both major operating units PRA and PRGL suffer heavy losses, coupled with bleeding Maju Junction and irresponsible share buy back scheme initiated by WC, how good is the cash flow for Parkson?
SBB is a suicidal action 飲鳩止渴 by lousy management headed by useless CEO/ young ciku ED aged 26. Really go holland without a trace.......
Why Public Invest Anal-list still recommend hold? Want to wait till Parkson QR out by 27 May then only willing to downgrade to sell with TP 75 sen? Hey! That is not what Anal-list should do !!!!!!!!!!!!
Angielim9955Treasury Shares 20/05/2016 40,158,980 SBB 0.90 parkson want private is easy chop now , faster private give me back 2.00 then we all good ,
sallysahammansaham.. any counter you monitor today..?
likewisemansaham dah pergi makan angin? rindunya...
Angielim9955sbb at max 0.90 also cannot tahan the waterfall, hope parkson this coming reports can be super net profit , and let the cut lossers regret why cut loss, if profit hope can be back to 1.30 at least