that's good! But so far nothing happen yet? The co got big chunks of land bank in Iskandar but has no plans to do any development ; The co is waiting patiently to let others to acquire their lands: Having Billions of cash but kept in exceedingly low returns on interest ? All businesses r not making in respect of dollars sense: They r happy to receive their salaries but doing nothing: Year in year out , just be happy with the same who r running the co like any other kopitiams... This is a fact but many minority shareholders r hoping that one day something good may happen like asset revaluation, bonus issues n the return on share capital ....
As expected, final dividend remains at 6 sen or a total payout amount of around RM 21 million. The value of its holdings in US and Sing dollars has dropped by several times this amount over the past 3 months.
When the government acquires ks's land bank, the directors would surely demand to be paid at market price. When the directors decide to privatize ks, we can only hope they remember to revalue its land bank.
Hopefully the Meridien East Township by Mah Sing group in south eastern Johor (Flagship D of Iskandar) will boost up the landbank value further. Cheers!!!
Happy to know that at least someone like bro Diamond share the same interest like me on Kseng. Can see a bit of activities today. Hope there's more to come. Cheers and happy investing to all !!!
Congrats to sifu Raiders on your KESM which performed remarkably well today. Hopefully there'll be a spillover effect on Kseng jz like what happened to Oriental today. Cheers!!!
Quite a commendable results of RM29.33 mio net profit after 2 consecutive quarters of losses . Earning per share RM0.08 with interim dividend at RM0.04 payable in end Nov 2016. Cheers!!!
I believe quite a large percentage of Keck Seng's earnings in the latest quarter was contributed by gains in the US and Sing Dollar against our Ringgit.
been slowly disposing my KSeng. Hopeless management. Even if you hold for 10 years your return is no better than putting money in the bank. That's my experience. Waiting to clear my last batch. Wasted opportunity cost.
If give bonus, share split n warrants .....all will be laughing to the bank. Mr Director, we are still waiting.......... Will be happy with JUST A SPECIAL DIVIDEND!!!
It is really unfair to make judgements and thoughts on the Directors of Keck Seng, which is an honestly managed Company all be it too conservative and not generous paymasters. The money and assets are there which they "cannot run away with" and eventually have to be distributed to the shareholders (privatisation aside). It was listed in Bursa Malaysia way back before the 1980s and was traded even below it's par value!
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leslieroycarter
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Posted by leslieroycarter > 2016-03-21 15:39 | Report Abuse
as minority shareholders we r the losing lot....n directors can't hear u....