it cannot wait anymore, bc once announce many will chase. This news has renewed since year 2007 - 2010 - 2011 - 2012 - 2013 and this December is a due date.
Not to worry about the special dividend. Even if not announced the fund is still locked in the company so no loss incurred. As long as we are patient and willing to wait with full confidence I'm sure many of us here will be amply rewarded when the time is right. Cheers!!!
corrections : Tax refund due on 31/12/2013 . If no refund considered RM 400 million burnt . There will be no any locking of cash as mentioned by superdaddy . Quote me wrong if this is the case . This shows how stupid is the management ?
As a good Samaritan to surrender the Tax Refund of 400 Million to Malaysian government of the day is laudable especially at this crucial time when our deficit has gone up to 54.7 % , coming to the 55% threshold . This is the only company in Bursa has done this . The CEO should deserve a Tun/ Tan Sri or Dato instead. Cheers!
Understand that the company will still have to cough out funds from their own cash reserves to enjoy the Tax credit where shareholders can have tax exempt dividends. If the Directors still refuse to dilute the company cash reserves, there's nothing much, we, the minority holder can do. As such their cash reserves remain strong.From my point of view the company shares has been cornered and no more liquid. We may expect some other good news to be out soon if not the special dividend. Cheers!!!
According to the circular to Keck Seng's share holders dated 4/6/13, only 38.95% of the company was held by the public. The rest was in the hands of the Directors, major share holders or associates of the Directors. While many small share holders are able to claim back a portion or all of the 25% tax that has been deducted, the Directors may have to cough up an extra 1% tax to the Inland Revenue Department. That might be the reason why they are not that keen to declare the long anticipated special dividend. I think Keck Seng's 108 balance has dropped to under RM 350 million now.
Nanyang Siang Pao , Star , Sin Chew papers n nexttrade reports plus intuition .....volume , buying n selling support levels gave me that confidence...Cheers
The directors got to gain more compared with the minority shareholders when they opted to pay the tax exempt dividend before the expiry date at the end of 2013. Even with 25% tax , they still got the balance 75% . So what is the real reason behind for not paying out the dividend but chose to surrender 100 % to the Malaysian government? Tak masuk akal langsung?
sooner or later the management will be announcing the tax exempt dividend. previously they were trying to keep the share price down in the hope of privatization of the company. That was when the share price was trading @ $5.00. Now that the share price is edging towards 8.00, this idea will be thrown out the window. Basically the management has always been stingy and they have never looked after the minority shareholders' interest .
The minority shareholders like ourselves should be thanking those writers /analysts in the news media ( Nanyang Siang Pau ,The Edge ) who did an excellent job in dissecting the company and exposing its TRUE value.
I have faith in this counter. There was speculations of bonus b4. If the land in Masai are evaluated, then the NAV will sky-rocket!!! Come on KSeng Management, don't be so conservative!!!
coming down to 786 to find support level. The share need to come down to build a solid base before pushing forward to break the 9.00 and 10.00 barrier . I got the gut feeling that it should perform better not les than chin teck at 9.30 level?
What I know is that Keck Seng is among te top 10 major shareholders (more than 2 millions shares) in Chin Teck Plantations which is also cashrich. It is also a johor based company which holds vast plantation land NS, Pahang and Kelantan. Cheers!!!
Undergoing healthy profit taking before rising further. This is what Keck Seng needs now. Believed many stale bulls would have sold by now after a huge gains.Cheers!!!GO!GO!GO!
Apart from Chin Teck, Keck Seng also owns 4.9 million PPB group shares. If I am not wrong, Keck Seng also holds 10 million IHH shares and stakes in Shangri-La Hotels, Hong Kong. Keck Seng's plantation land is all located in Johor Bahru District.
Actually how much worth for kseng is only a guess! Given the tangible n intangible assets , its worth is astronomical ? Some said it only worth 8.60? others said 17.00 ( nextrade ) , some put 20,30-50 but no one can give a correct answer . It is only u that determine the price of Kseng ! Cheers!
Believed many have sold at current level due to the terrific gains. Congrats to them for the solid gains. For me and the rest of this forum strong and confident holders, we'll continue to ride with the waves towards the summit. Cheers!!!
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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....
SUPERDADDY
400 posts
Posted by SUPERDADDY > 2013-11-01 10:10 | Report Abuse
It need to be slow and steady and such spike is a bit too fast for Keck Seng. Anyway, cheers to all as we are enjoying this bull run very much!!!