Frankly, Keck Seng's earnings was not the major factor why I bought its shares. I bought Keck Seng because of its assets especially land, many of which have not been revalued for over 30 years.
When the directors wish to privatise this company, they will offer small shareholders the prevailing market price plus a small premium irrespective of whether the company is worth RM 20 a share. If they can gather more than 90% support from shareholders, the deal would be through.
Results should be more or less commendable. Anyway, there maybe some surprises. Price holding steadily at current pricing despite bluechip bashing today.Cheers!!!
What do you guys think is the best thing a company with a paid up capital of RM 360 million, consisting of 360 million shares and in possession of RM 1.15 billion and seems to be at a loss as to what to do with such a vast amount of cash money should do?
Wonder how many more years I need to keep KSeng ...... When I keep....no bonus! The minute I sell, they propose bonus!!!! Time will tell.........hope they give fast!!!
They sold Parkway, they gave bonus . Now nothing significant sold , except exchange gain , so bonus is unlikely. I kept as I believe one day it will be privatized .
If investors don't buy this counter and allow some people to control its price, I am afraid when it is privatized, the offer price would be somewhere around RM 5.40
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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 > 2015-12-07 15:25 | Report Abuse
look like kseng is recovering....Wednesday, 2 Dec 2015
1. Treasury purchase nore purchase...
2. 9th month net profit up 132.65%....
6:06PM KSENG 5,000 shares purchased into treasury
Friday, 27 Nov 2015
5:20PM KSENG Nine-month net profit 190.736 million (increased 132.65%)
Thursday, 26 Nov 2015
5:53PM KSENG 70,000 shares purchased into treasury
Wednesday, 18 Nov 2015
5:16PM KSENG 50,000 shares purchased into treasury
Tuesday, 17 Nov 2015
6:04PM KSENG 20,000 shares purchased into treasury
5:07PM KSENG 15,000 shares purchased into treasury