Things are looking good. CPO Futures prices are through the roof today 24 May. Results are in line with expectation. If you consider the latest EPS of 80.3 & extrapolate to a year = 3.21. This is the highest annual (projected) EPS BK had ever registered. Perhaps they could've declared a much higher dividend than 20 sen.
Direct business transaction. Pre arranged trade between buyer and seller usually done off mkt via DBT. aka block trade. But for thinly traded counter like this where the spread is wide, can also be done on mkt.
TreeTopView @sheldon, I don't want to get into this discussion too much as I don't hold the stock, however I'm bored this afternoon and saw your comment about BK not having any exposure to foreign debt.
I have to correct your statement, BK does have foreign loans , such as USD, GBP, AUD, JPY, EURO. and RMB.
Noted I stand corrected tq. However note 35 of the Ann Rpt only mentioned rather vaguely sketchily ... "The aggregate outstanding nominal value of the Ringgit Sukuk and Non-Ringgit Sukuk issued under the 2nd Programme shall not exceed RM1.6 billion (or its equivalent in foreign currencies)."
There is nothing wrong with this bus, LM, as long most of the passengers didn't buy overpriced tickets from dubious tourist operators. I doubt if we'll see it speeding along the highway anytime soon , however passengers can check out the scenic views as they are driving around the principality of Liechtenstein to unload luggage once or twice a year.
In the past, the final dividend hovered around 40-45 sen.
They've rightfully raised dividends in line with inflation and I belief wised up to the idea that this Co has the capacity to pay handsome dividends to compensate for the shortfall in market price due to lack of trading liquidity. Co being cash rich is good for shareholders but better if the shareholders themselves are cash rich. No strain on the cash flow or reserves to BK in appeasing shareholders but massive goodwill is generated. I hope other cash & reserve-rich companies like Petron can draw lessons from BK.
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....