iafxm'sia pushing for B5 in july which incl Sabah will set the palm oil price at very attractive price to planters, especially those with process facilities.
indon is way ahead of m'sia in biodiesel development, indon refiner short of palm supply due to hot weather: http://www.theedgemalaysia.com/business-news/278471-indonesian-refiners-short-on-palm-supply-may-suffer-losses-traders.html
HJeyMalaysia also hot & dry. The heat is unbearable. Sigh
iafxthis is one ctr that has been overlooked, apart from holding 55% of hsplant, this ctr alone holds 31K ha of mature oil palm estates (several r still recorded as 1978, 1996 cost!), palm oil mills and a host of other businesses.
ktsk88The last quarter despite increase profit, yet no dividend is announced is abit disappointed. But nevertheless the total year dividend of 16sen is about 5.0x% based on RM3.02. Not bad too.
Might be some share dividend later on since buyback almost reach 10%.
Another option is the company cancel out all the buyback thus increasing the EPS from smaller capital thus pushing the share price to the north.
Kudos to those still holding on and hoping the best yet to come. I sold mine b4 it collapsed from touching new high 1 month back n made 42% return on capital alone not including all the dividends paid n collected thus far.
For those still holding, keep holding and watch it touch new high around 3.20.
iafxthe palm estate nbv on its balance sheet is way out dated, it's naps far more than it is recorded now.
lkf0512Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement HAP SENG CONSOLIDATED BERHAD
Date of transaction 07/03/2014 Currency Malaysian Ringgit (MYR) Total number of treasury shares sold (units) 0 Total number of treasury shares cancelled (units) 60,000,000 Minimum price paid for each share sold ($$) 0.000 Maximum price paid for each share sold ($$) 0.000 Total amount received for treasury shares sold ($$) 0.00 Cumulative net outstanding treasury shares as at to-date (units) 157,004,700 Adjusted issued capital after cancellation/resale (no. of shares) (units) 2,157,141,567
Remarks : cc: Securities Commission
Announcement Info Company Name HAP SENG CONSOLIDATED BERHAD Stock Name HAPSENG Date Announced 7 Mar 2014 Category Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement Reference No HS-140306-59225
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