What is the rationale for this counter to move up to 2.23 by end of Aug? I know is a good counter, but it seems to me that price was holding mainly because the company keeps buying back its own shares.
The company keep buying the share nearly on daily basic shows the strong cash flow and management strong commitment to the company. Should hold for long term...
major shareholder now hold at least 72% share, Hold by Gek Poh family, they traditionally hold 60% of share i believe they will sell untill they holding back to 60%. but that just my opinion. what important is major share holder doesn't flood the market with their share but released it bit by bit so the uptrend will continue.
"Thus the government has allowed a six-year transitional period (1 January 2008 to 31 December 2013) to enable companies with unutilized balances to continue to pay franked dividends during the period. Shareholders who received such dividends are entitled to claim section 110 set-off against their tax payable."""
Meaning during 2014, the major share holder might need to pay tax for the share dividend?
Big boy will love singgle tier dividend system because they no longger need to pay tax, the divident income is no longer taxable under singgle tier system, in other word Sinngle tier divident is TAX FREE. http://www.investalks.com/forum/viewthread.php?tid=1682
based on my buying price, the dividend % i received is above 10%. no way i will sell. they are building a new menara hapseng 2 and a new mercedes showroom in balakong-serdang area.
8 cents Dividend suppose to give on 6 August ... but still didnt received the Cheque ... any body know why delay ... or any body received the cheque ...
For Hapseng-CH, let's say current price is 0.15 I buy, execise price is 1.88. If I were to convert it to ordinary share before maturity date, and that time the share price is 2.50, means net I will earn 0.47/share? Even at today's share price of 2.10, If I buy and convert it immediately, I am already earning 0.07/share? Anyone can enlighten me?
FCM, please read the terms carefully. The conversion ratio is 2:1 and this is European style structured warrant, hence, no conversion of physical stocks, only cash settlement on maturity.
As long as company fundamentals is good, the price will rise soon or later.
Peter Lynch & Warren Buffett "Buy what you know"
Peter Lynch
HapSeng Business Property & Leasing - I understand this business Credit & Financing - Just like a bank Automotive - I drive everyday but not benz Plantation - I don't understand this business Trading - Simple. They trade building materials and sell to internal and external companies Fertilizers - No idea
4 out of 6. The major revenue contributed by Property & Leasing (read and analyse their annual report). My verdict is keep and hold them tight.
“Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.” Peter Lynch
In my opinion, at least 3 business division can be run by idiot. (Property, Automotive, Trading)
Yes, settled in cash only because these call warrants are issued by the investment banks, not by the company. You can use the cash to buy the mother, if you want :-) I personally feel that Hap Seng-WA is a better buy because of its low premium (based on current mother share's price).
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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....
haikeyila
1,068 posts
Posted by haikeyila > 2013-07-18 10:19 | Report Abuse
hap seng star, my shining star! a-class counter