Public Investment Bank as per the docs valued Canone at 9.77 per share.

If they offer me 9.70, I'll take it - 7 sen keep the change la

This co is generally well managed and has fundamentals so it should be safe to hold for the long term. Of course the management does at times suffer from hare-brained ideas like excessive expansion.

Called the co sect office - Bursa granted 1 month extension due to Covid. So by end of Jun 21.

Yeah yeah. This co trades at very low PE so don't expect much in terms of share price gain. If investors don't find Petron attractive then management should start flexing its muscles in the form of dividends.

Consider this - a 1 sen dividend translates into a mere RM2.7m. Co is paying only a total of RM13.5m with 5 sen. Compared to cash balance of RM171m and massive reserves of RM1.7b, the dividend is so very minute.

It's such an anticlimax after waiting for 1 year. Surely it can do better than that!

Still have all sorts of useless documents published at Bursa website - wasting time & money

slight interest pick up probably because of tomorrow going ex

Isn't Petron & Petdag business very similar?

Puzzling that their share price seem to be oppositely corelated?

There's definitely more than meets the eye. Teh guy doesn't need the money. The 4 sen dividend is enough to meet his yearly needs, more so during lockdown.

Private deals perhaps between major shareholders to deep fry the minority shareholders.

Dead cat bounce happening now

Forget about dividends. Now's the time to buyback shares .... but then too many ESOS shares

The management committed a tactical blunder to expand production lines - as if the demand for gloves is ever increasing to infinity. They've gone nuts. Economics 101 - oversupply will drive prices down.

What to do with surplus money?? - Share buyback or Declare dividends - not build more factories

Everybody else got onto the bandwagon.

Now we're stuck with an oversupply.

All the researchers (except for AmInvest) seem to set much higher target prices > 13 but the market says otherwise!

When am I going to get rich?

Agree with Mc_Wei - it could be a compliance thing.

Also agree with "nuke" as of this offer fiasco, it had caused a panic amongst investors. Based on the volume of trade, this predator had bought a big chunk of shares for a song!

Thus it was rewarding for him.

I've never heard of offer far below market price before. It's usually far above. Normally the target co share price will shoot through the roof.

He's doing the same trick as in Kian Joo. Drive the share price down (or in this case keep it down) & then offer a small premium over it.

Good or Bad news to be announced?

My guess is that it's probably bad - maybe something to do with the Myanmar venture

Dividend = 270m x 0.05 = 13 5m = really peanuts!!

Taking the minority shareholders for granted and a ride.

Too many ESOS diluting the earnings and stunting the share price.

If no dividend announcement by end of April, then no dividends.
However the management still continue to get their fat paychecks.
Instead of working for us shareholders, we are funding their lifestyle.
Hook or crook, they should pay dividends just like hook or crook, they get their salaries.

I agree 100% with speakup. I bought BToto purely for its gaming & was disappointed when it acquired car biz.

Wow - so many short-sellers

The numbers are still raging.
https://www.worldometers.info/coronavirus/?utm_campaign=instagramcoach1?

Bonus issue seem to cause excitement & rise in share price. The only theoretical basis for such a phenomenon is that it enhances trading liquidity hence the term liquidity premium. But for a very liquid low cost share like Myeg, there's really not much to gain.

If it's bonus on expensive share like Nestle than the liquidity premium would be very pronounced.

somebody said TP = 4.00 haha

I thought my ship has arrived but it appears that there's hardly any excitement with this bonus issue

Whilst it's nice to hear an informed insider adding more of his skin to the company, it does not necessarily imply that the company is worth more than the price he paid it for.

Remember Top Glove when on hindsight, it appeared that the insiders bought a chunk of shares at pretty exorbitant prices. They could also be carried away by optimism & hype.

Northern Gateway purchase - Is this a case of the govt arm-twisting the more fortunate private sector for more cash?

I don't understand this counter.

Despite the current aggressive share buybacks plus earlier cancellation of 10% treasury shares and a pretty good performance including CPO prices going through the roof, the share price still stuck at pathetically low levels.

WHAT IS THE MATTER WITH THIS SHARE?

March 2018, shares went ex-bonus. Price then dropped to 5.89.

I 'assure' you Diamond7 that there's no dividend this year.

This management is not so shareholder-friendly.

If there is, then I'll eat my own shoes!

Unbeknownst to all, short sellers are slowly, without raising an alarm, squaring off their positions and taking profits now.

They are hoping that the general investing public are gripped more by fear than greed so that they can pick up shares for cheap.

How come no short sellers today yet share price still tumbles?

Profit = 81m; Cash balance = 230m

but dividend only 4 sen = RM7.7m

when are these monkeys going to start paying decent dividends?

If you are dissatisfied with the Co's absence of dividends, then I suggest that we bombard the Co Secretary which the official website holds out as follows ....

"Petron welcomes enquiries from analysts and institutional investors. Please call .... 03-20828459 manoj.devadasan@petron.com.my"

No use complaining here. We must be heard!

TQVM Paktua73 on the RSS guidelines

Only the very worst companies do not pay a dividend after keeping shareholders waiting for 1 year.

It's especially important for cos with fundamentals but share price not performing like Petron - it has fundamentals, enough cash but trades at single digit PE.

So the bottom line is that the Board has delivered capital losses & no dividends. It's bullying minority shareholders.

Maybe they want to drive the share price down & then buy it for a song.

Mabel - I understand that Bursa/SC lifted short-selling on the first trading day of 2021 hence Harta got whacked by shorters.

I've been catching a falling knife but with 2.68m short shares that requires squaring, I think I'm ok.

Damn!

Looks like no dividends because in the past whenever 4th quarter results are announced, the dividends are indicated but this time none.

Maybe the management can consider working without salary & directors without fees for 1 year. Mother....!

At 12.27pm, short sellers = 806k shares

Director Kuan bought 180k shares @ 12.92 & 90k shares @ 12.57 on 13th & 14th Jan respectively.

EPF seems to be happily scooping up shares

Pet Dag trades at 50.4 PE but our PE is in -ve territory due to poor 1st 2 quarters.

However, our low gearing, healthy cash balance & a massive reserve of RM1.56b is more than enough to pay good dividends to keep shh happy. 20 sen = 54m; 30 sen = 81m ... small potatoes for this co

So tell me fellow investors, after all the detailed & apparently intelligent analysis - What will the last quarter results show? Come convert those long reports to numbers

A. Loss
B. Profit < 50m
C. Profit 50 - 100m
D. Profit >100m

Hello Gtrade bro - your remark indicates that Btoto takes credit NOT give

Kossan - you are one clever guy

maybe somebody paying somebody haha

Bloody hell - just Sarawak open gives chance to underworld cronies to make money at Toto's expense

TQ GoodBoy - You're indeed a good boy! haha

GoodBoy - where is the source of your reference? Could you provide us the URL to verify? TQ

this counter has no libido.