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2015-06-24 00:53 | Report Abuse
What happened at the AGM:
1. Minority shareholders were very unhappy with the final dividend despite good profit and huge cash pile. Point was raised about the lack of dividend policy and consistency.
2. Minority shareholders were disappointed with the land not being revalued and the BOD's answer that that Marco does not have a land reevaluation policy.
3. 23M investment in a subsidiary company raised eyebrows.
4. An elderly shareholder pointed out that the Tan Sri have not attended an AGM for a decade.
5. Minority shareholders voted AGAINST the resolution to re-appoint the chairman. His proxy had to call for a poll in order to pass the resolution. Read AGM outcome posted at Bursa Malaysia.
Haha....promising indeed....Tomorrow I sai-lang ;)
Blog: An investing lesson from Globetronics
2016-08-21 03:28 | Report Abuse
Sir, tqvm for the BEST article ever written on this site.