samShare: if u buy just for trading, short term basis, u can wait till 0.27 but there is no warranty this stock will down to 0.27 bcoz this stock is one of among irresistible stock, many ppls or institutions keep an eyes on it based on its previous outstanding performances. When the price adjusted low after special dividend, of course, this is a good opportunity to buy. It will come up above Rm1 again but not in a very short term. Remember the statement made by its founder; "JobStreet is the market leader in the recruitment space in many of the countries we are in"
many ppls still hold this share compared to those who sell it. that's why the share dun move so much. those who sell it, hve sold it at lowest price till now 0.28 ... hopefully, there r many sellers want to sell at higher price & many buyers to buy at higher price to push this share upward trend ... if many ppls still hve confident in this stock (based on its financial condition & its potential growth) we may see upward trend easily ... believe me, this company hve strong growth, it hve well known in many countries ...
After the special dividend don't think there are much upside for this counter better stay away from it for now. Unless you have no other counter that attract you then you can stuck at this counter for now. I will only get in again later if there are any update on company movement and new business strategy. Or unless it drop below 0.20 else it does not attract me or have any reason for me to buy more :-)
Simple man; yur money gone as special dividend. Will be given to you to yur postal address in a cheque. Not disappeared just like that. if you already register in eDividend, it allows an issuer (ie JOBST) to electronically pay your cash dividend entitlements directly into your bank account instead of making payment via bank cheques.
hallick, you dont mind if i seek some info from you. When Mark Chang sold Jobstreets business to SEEK, that business is no longer with Jobstreet rite? Thats the reason why a hefty dividend is given from the proceeds of this sale. It is not like Mark Chang leaves Jobstreet and the major shareholder of JOBSTREET is now SEEK and JOBSTREET still retain the business. Please do share, thx
Firebird2; business in Jobstreets is still on like before but the management team lead by Mark Chang are already not in the company. The acquisition by SEEK will substantially lessen competition in the market for online recruitment advertising. "This merger" makes Jobstreets become larger job portals. Aggregators will collect and display job advertisements from various online sources into one search page. That's mean JOBSTREET still retain the business .. but in less competition especially from SEEk bcoz already in the same boat ...
beside JObstreet & SEEK now in the same boat, less competition in the market for online recruitment advertising, the new management will take necessary action to maintain the trust from its share holders. We see now ie on 12/12/14, notice of buy back shares from Jobstreet hv been made. This is the 1st step to regain its share values .. maybe will be another shares buy back from Jobstreet ... we'll see .. just be patient ..
the jobstreet business still under 0058 bursa malaysia & price readjust not bcoz of disposal to SEEK, but bcoz Third Interim Single Tier Dividend of 1.75 sen per ordinary share of RM0.10 each & Special Single-Tier Dividend of RM2.65 per ordinary share of RM0.10 each for the financial year ending 31 December 2014 ... JOBST - NOTICE OF BOOK CLOSURE
Friends, frankly speaking, i think all of our stocks' prices in the market will keep on falling bcoz of Ringgit depreciations & oil prices keep moving downward ... the market now is not good to get in. so, think bfore you got trapped & made a huge loss .. any stock you buy, u can be trapped in .. so, better stay away untill the market is stable ... i already loss but not much .. not more than 1.5k ...
i summarize for u. 0058.kl is holding 44 million cash after disposing Jobstreet business to Seek. 0058.kl used the cash proceed from the disposal to pay special dividend of RM2.65. Hence, 0058.kl needs to find a new business in 12 months time.
nnmm; ok. understood. thnx for yur good info. i appreciate it. i already sold my JOBSTreet shares bfore it keep moving further downward... Thats why i'm telling the others to stay away from any other counters as well bcoz of bad market right now ..
nnmm; its good to hve others to give advices & opinions .. but we ourselves must be ready to accept others opinion in open minded way ... thnx again .. so, i'm will not in untill the market is stable ... so, see u all again next time ... maybe nearly at the middle of next year ..
last week, the market hve rebound ... the crude oil up to USD$57.77 per barrel & DJI has up 26.65 points last Friday ... maybe the market continue uptrend this week .. time to get in the market again ... but pick yur stock & the price at yur own risk ..
hope it may maintain the up trend until closing market....more likely the corrections may set in any moment coz many sharks are flocking here ! Only green counter in Bursa noticeable ....happy boxing day!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
samShare
120 posts
Posted by samShare > 2014-12-11 09:07 | Report Abuse
i thought the share was around RM 2.7..why now is 0.275?