What catalyst to boost back the price?

Hooi, don't you think the current scenario is different from last time? There are no growth at all for the last 3 years.

Alliance TP is 0.95 and not 0.68 as listed here in i3investor

If there re no other conditions, Bursa existing policy should mandate him to offer a MGO. Any others are aware on this?

Ferisc: I think your info is as good as we can obtain from Bursa. 32.14% as direct interest.

Payment date 2nd July. Holding for WC as of now still below 33%. If he doesnt want to offer MGO, he may sell down its stake. That will spell more trouble for PHB price in moving ahead. Imagine WC sells his stakes, retail investor will be panic like mad if that happens

Ah Ha: Payment date is 2nd July

1.50 is coming soon. I wonder if PHB will become like AAX. drop until 21 sen.

mana sharebuyback? What is your view now since you were a strong advocate for shares buyback from PHB?

hooi is still trying to catch the falling knife from 4.50++ until now?

Small fishes all kena telan by bigger fishes

Cause the profit is mainly derived from fair value gain on reevaluation of investments.

poor Parkson. Ppl start selling already their dividend shares

Well, he also has around 31% in TA Enterprise.

sharebuyback, nothing is wrong. Do take note that PRG HK trades in HK dollar whereby the currency rate is lower than RM. The actual D day should be 2nd July when the shares dividend is paid out. Then we will know if ppl sell or hold.

I don't think Tiah has accumulated TA Global close to 33.3%. The latest was up until 12.24% as per Bursa announcement. Are you saying referring to TA Enterprise instead?

household debts are in all time peak, companies are posting weaker results and there have been many news that companies are being prudent and implement cost cutting measures, Ringgit is dropping, Rakyat are being taxed more by GST and non subsidized petrol, sugar, etc. So, are these the signs for bear market soon?

this counter not going to move much as of now until the q2 result is out in August. Then you will know if it s uptrend or downtrend.

Further reducing stakes in PHB and thanks to the small increase today, manage to reduce my loss. With the remaining stakes that I have in PHB, can keep them in the cold fridge and revisit them again in 1 - 1.5 year time.

WC gonna to offer MGO since his holding is more than 33% now. See what price he gonna offer as it will impact the price. Imagine if he only offer RM1.70, indirectly he is saying that PHB is only worth that much but in actual fact, he doesn't have the sufficient fund to take over PHB.

Tomorrow is the D-Day to see if Parkson continues with its downtrend. Adjusted price should be RM1.63

RM1.50 as predicted by ks55 is possible after payment date.

Not moving even on last day. Should the closing price is RM1.72 and with ex date, the adjusted price would be RM1.62

Guess you still did not get the message that I am trying to say here. Just to summarize, I was saying that it is of the interest of the minority share holders that PHB gives cash dividends rather than shares dividends as the counter isn't appreciating after 4 rounds of shares dividends.

In other words, the shares dividend worth much lower than cash dividend even though PHB spent the same amount of money. And because of this, I do not have much support and confidence of the management and hence reduced my stakes after 3 years @ 12 quarters. More than enough for me to make the call to cut loss.

As for those who still have high confidence with PHB management, by all mean, you can continue to support and buy more so the price can appreciate. I will be happy if the price appreciates and that would reduce my loss for my remaining stakes in Parkson.

With RM still being weak, no doubt it will register more lost in Q1 2015.

Btw, the treasury shares holding as of 9th June 2015 is 5.77%. There was no shares buyback after that. Hence, it is not ceiling yet.

Shares dividends wont give you any advantage in term of value of your shares as there will be adjustment in counter price. If the counter price appreciates back, that would be great but looking at the past 3 shares dividends, the counter continued to fall as ppl sold off their dividend shares. We will know by 23rd June @ next Tuesday whether this trend will continue for this 4th shares dividend.

sharebuyback: I have accumulated PHB since 2012. After 3 years of continuing disappointing results and seeing no lights at the end of the tunnel yet, I decided to reduce half of my holdings for now and use the remaining amount to invest in a new counter which I have more confidence of getting profit. In term of percentage, the ROI is around -22% as of now factoring in all my contra, averaging, dividends.

Thank you ks55 for the words of wisdom in stock markets.

sharebuyback: Higher revenue not necessary translate into higher profit.

And last but not least, Phb did not give cash dividends for the past 2.5 years

Justgan you won't get that here. No one seems to know why except that China market is tough, escalating cost n lower profit each quarters for the past 8-9 quarters. Besides, stinct of bad news from arbitrary ruling,China tighten measures on corruption and luxurious spending at government side, online shopping, Vietnam business not doing well, Malaysia continuous drop of sss, gst, negative consumer sentiment, etc. Last but not least due to WC steel business and investors believe that he is using Parkson fund to support his steel business under lion group.

With the assumption of RM1.72, after ex date, the price would be around RM1.62. With the shares dividend, WC is obligated to offer a mandatory offer since his holding is more than 33% by then. He may offer a ridiculous price since he has no money to buy back all the outstanding shares.

Still trying to learn what the heck i m suppose to learn ks55. I just know price just drop drastically and next thing PHB bought back and then declare shares dividend again. I just can't connect the dots except that the losers apparently are those retail investors.

there s no more shares buy back since last week.

Just like last time before the arbitrary ruling

Reduced half of my holding. Cut Loss. PRA also dropping in HK. Something not right

Hooi just a newcomer for PHB. Yet to get burnt like us

My gosh another shock? Really plan to flush out all the panic sellers so when WC get the shares dividends and above 33%, he can buy back the whole PHB with stupid and silly low price offer?

Force margin sell as per ks55 earlier remark?

Based on RM1.82 price before ex date, the adjustment should be RM1.72 after ex date.

El Nino may be materialized and drive the growth of CPO price. It's time to accumulate more plantation shares especially for those which have been beaten down.

El Nino may be materialized and drive the growth of CPO price. It's time to accumulate more plantation shares especially for those which have been beaten down.

volume 3341 done at 1650 at RM4.43 while the previous trade was volume 465 done at 1644 at RM4.50. So, was it someone trying to push the price down so it won't go up that much by purposely selling at RM0.07 discount during closing?

ks55: However for now, PHB counter is lower. How does WC makes money then except for him to sell his shares and then gain back from the shares dividend? He wasn't doing that for now. No announcement been made so far on his holding.

The only thing I can think of is for him to sell his shares for the shares buy back so he can convert his equity into cash for higher price since there is no willing buyer to pay higher price than PHB treasury fund. That, he can cash out from PHB account and gain back from shares dividend. Get the money from PHB and yet his stakes at PHB remains the same.

at closing, someone push it back from RM4.50 to RM4.43, yet to find out the volumes traded at RM4.43 during closing.

If tomorrow drop back below RM1.60, then it is proven that the big fish are eating all the smaller fishes.

The only hope for interference is the positive result of the arbitrary appeal. Anyway, there is still this group pushing down the price everyday actively with/without shares buyback. They have been actively doing it since the last shares buyback round. You can notice it at 1645-1650.

On other hands, Parkson management still proceed with the shares buyback approach and declare shares dividends instead of declaring cash dividends. This approach is not effective at all due to:

1. Whenever PHB execute the big bulk of the shares buyback at 1650, another group execute the big bulk of selling at the same time. Let's say PHB offers RM1.90 for 5000000 volumes when the counter is trading at RM1.85, the same group sells at RM1.80, RM1.79. RM1.78 at the same time with the high volume. At the end this group gains the most by matching all the orders at RM1.90 and leaving the counter unchanged at RM1.85. How they calculate it I really have no idea. Any sifu here familiar with the calculation? Best Buy at RM1.90 and Best Sell at RM1.78. After matching, what would be the counter price?

2. Shares dividends once payout will only cause the counter price to be adjusted lower. Money have been paid from the company and yet it would be adjusted lower just like issuing new shares which cost no money at the first place. With the same amount of fund spent for shares buyback can be used to declared 5-6% cash dividend which make more sense for the shareholders since the shares buyback is unable to defend the counter price and it is contributing to lower adjustment. Cash dividends instead may be able to support the counter price and move it up.

In conclusion, is PHB management executing a right strategy. Obviously after 4 rounds of shares dividend, it is not. And yet, they are still doing the same thing. There is a phrase saying that "insanity is doing the same thing and expecting different results."

no shares buy back for the last one week. But still got a group of sellers trying to push the price down at 1650. Everyday you can see that if you monitor the best selling price queue from 1645 - 1650.

dead cat bounce?

PHB has been drifting since 2012. So no big deal for it to continue to drift 1-2 sen a day. To drift until 1.50, need another 15-20 working days.