limayseng, there aren't so many shareholders, only 8,000 over. Keck Seng's directors are all rich people, they do not need any dividend from the company. They think Keck Seng's small investors are rich too.
Kseng is not a day trade counter , the option is long term coz to n fro will cost 10 cts difference . Like it or not , it is really long long term play .
thteh, who told you that Keck Seng would forfeit the RM 300 million that it did not pay as special dividend to its shareholders? Keck Seng's directors must be a bunch of morons if failure to pay the RM 300 million as special dividend to it shareholders resulted in the company losing the money to the IRB.
prudentinvestor I am on same page as you that the KS directors being business man are not that stupid to lose that kind of hard earned profit to IRB. There were many in these forum that were critizing the directors about this.
Put it simply, Keck Seng still had over RM 300 million in its Section 108 balance as at 31/12/13 which the company could still pay as dividend under the imputation system, meaning 25% tax would be deducted ( as the company had done in its dividend payment over the past year) and share holders could claim back tax refunds, the amount depended on your tax bracket. Companies had until 31/12/13 to use up the Section 108 balance, after which all dividend payments must be single tier. Keck Seng didn't lose anything, only small share holders lost the chance to claim tax refunds from the IRB.
Whatever it is, Keck Seng shall remain my only favourite stock in Bursa. The current weakening is basically due to the current market sentiment. It'll be back again. Cheers!!!
Strong support here and the selling will ebb coz this counter holders are smallish stakeholders who had bought the shares quite high expecting it to go higher but not so . They will keep for long term , big players are keeping and hold to it too ... Some had kept it for more than 20 years and expecting something fundamental to emerge soon. Will never fall below such as suggested...unless and until KLSE crashes ....?
Keck Seng's shares have been artificially pushed down over the past few weeks, just like they had been chased up to almost RM 8 over 2 months ago. Nothing unusual for an illiquid stock like Keck Seng. If you had sold at over RM 7, time to slowly buy back. If you haven't sold any, just too bad. You have to wait patiently for the co. to announce its full year financial result. It made 12 sen per share in the latest quarter. Hopefully the earnings will improve.
Corporate mercenary was well paid to write rosy pictures of the company & get them published extensively. Viola ! caught plenty of ikan bilis.It is so easy to do this on illiquid stock like Kseng as pointed out by prudentinvestor. To all buyer or investors, do understand the principle of caveat emptor ( buyer beware !)
There is no lack of material to write on Keck Seng. The company's net cash should exceed the RM 1 billion mark within the next 6 months. They will write again about Keck Seng rewarding its share holders with a bumper dividend since it does not need so much cash, so on and so forth.
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Posted by eht6769 > 2014-01-03 15:11 | Report Abuse
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