Forget about the foreign exchange gain n all those monies kept in coffer ; it is meant to pay for directors fees year in year out . As for minority shareholders , your capitals had been diminished with the ringgit depreciation n getting pittance div ( @ 1+ % ) for the shares invested . Capital not only shrunk but with the no of years invested, U can easily get compensated for other shares where though its capitals depreciated but u still get constant div to compensate for...If u think the management will give u a bumper div pay out , u must be day dreaming....
I fully agree . I have been holding these shares for 3-4 years but have started reducing my holdings. I have got tired of the management and their pittance dividends. Had I used my capitals to invest in some other shares I would have got better returns.
luckily enough , I sold all mine but left some n converted the rest into Scientx , which averages my loss portfolio into a plus account . So bye to this heart breaking counter...
Be it RM 10,17 or 20 ...I think very difficult to smell that coz it will never come for sure by looking at the sickly mgt who only takes care amongst themselves.
If the company really goes ahead with its proposed share buy back to 10% of its issued share capital ( 36 million shares) Keck Seng's shares should easily move up to above RM 8.00 a share.
you must be holding a substantial amount of this share to post this view. Tonnes of patience is needed for this to come through on this safe bet though.
I hold less than 20,000 shares. The more the Ringgit drops, the more Keck Seng is going to benefit. Its foreign exchange gain so far this year is around RM 120 million.
But with the stingy BOD, would the gain be translated into our gains? Yes it would I believe, but u need tonnes of patience to this expectation fulfilled. Good luck !
Hope must have, otherwise no point living! BUT we tend to fall in love with Keck Seng...why,?? when other stocks have moved like OFI and now KOBAY....but Keck Seng still stuck... https://www.youtube.com/watch?v=yRTzv49B9oo
prudentinvestor If the company really goes ahead with its proposed share buy back to 10% of its issued share capital ( 36 million shares) Keck Seng's shares should easily move up to above RM 8.00 a share.
Keck Seng's share price dropped to below RM 4.40 a share nearly three months ago. The company's share buy back scheme has already pushed up Keck Seng;s share price to RM 5.10 a share. So far the company has bought back less than 0.5 million shares, still long long way to reach 36 million shares.
PrudentInvestor- looking back at the average PAT of 70mil/year, does it mean to say KS will record profit of 190mil of profit this year? (120mil + 70mil).
Must have hope!!! Lets wait patiently for management to give us bonus, share split and free warrants...... Waited until all my hair white already...... Invested every penny in this counter.........
Magnificent 3rd quarter with more than RM110 million in net profit with cash holdings exceeding RM1.15 billion. One of the most cash rich counter in Bursa to-date. Cheers!!!
The reported foreign exchange gain was RM 91.6 million and the gain from divestment of shares RM 51.5 million. These two items already contribute 75% of Keck Seng's net profit during the first nine months of its financial year. The company actually can afford to make a bonus issue of at least 4 for 1 just based on its balance sheet.
Keck Seng has been enjoying good profits for years but the management refused to distribute more dividend to the shareholders. Not much hope for a bumper dividend. They are too kiam siap. Hard to move the price if catalyst is not available.
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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....
limayseng
2,076 posts
Posted by limayseng > 2015-10-06 15:19 | Report Abuse
Forget about the foreign exchange gain n all those monies kept in coffer ; it is meant to pay for directors fees year in year out . As for minority shareholders , your capitals had been diminished with the ringgit depreciation n getting pittance div ( @ 1+ % ) for the shares invested . Capital not only shrunk but with the no of years invested, U can easily get compensated for other shares where though its capitals depreciated but u still get constant div to compensate for...If u think the management will give u a bumper div pay out , u must be day dreaming....