NST highlighted that Bursa may censored this company if they did not do anything to regularize the breaches despite sitting on a pile of cash. (RM0.80 per share). How about this?
directors and staff continue to take fat salary at expense of minority shareholders. We go in big number to fire them at next AGM and ask them to step down and appoint professionals to manage wtf
Since Pinepac can't find new business to. Pinepac current cash on hand is around RM120Million. It is mulling doing selective capital reduction & repayment (SCR).
Let us attend the AGM to fire them for the mismanagement and lackadaisical attitude to identify new businesses for past 2 years. Every quarter bleeding.
last candle closed showed buying has somewhat tapered and selling is gaining strength; thus a retracement is imminent and likely to break down the 58 support
A friend today asked me why would companys like Blue Dart etc de-list, i dint know the answer, searched for it and some googling gave the following possible reasons, any more possible reasons for the same are welcome High promoter holding say 70%, will lead the promoters to think, why comply with all the listing requirements quarterly publishing of results, communication, analyst questions etc for the remaining 30% of the shares only, better to keep it in our own hands If the company has now further plans of raising capital, then it might not make sense for them to remain listed, like most of the foreign MNC do for their Indian subsidiaries, when they feel that no more capital will be ever required by the business, they go for de-listing. A company feels that they are undervalued and after trying to communicate the strength of their projects to the market, the fail to elicit the valuations, it would be better for them to de-list and rather go in for a PE funding/Private transaction in case future capital is required because the deal value will not be biased by the CMP.
How many times and years is KLSE going to grant extention which depletes the Cash in hand. At this rate all monies will be slowly diverted to Indonesian plantations and eventually Malaysian small shareholders will get nothing.
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Foker
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Posted by Foker > 2021-06-21 22:22 | Report Abuse
I mean spirit of the LR