@SUPERDADDY, it is OK to accept a discount of 30% to Keck Seng's NTA of over RM 20 a share but if the directors only offer RM 7 per share, I doubt there would be any takers. If they are the vendors instead, I am sure they would demand a premium of 30%. Assuming Malaysians hold 110 million Keck Seng shares (30% of its paid up capital), this would result in a loss of over RM 1.4 billion to the country if we were to let go KS shares at RM 7 a share.
No worries, opportunities to collect at lower levels if selling continues.If go up further, jz watch and view the excitements. Kseng! Go!Go!Go! Cheers!!!
Over the last 25 years, Keck Seng has only rewarded its share holders thrice with bonus issues, the last time being in 2010. It has never declared any special dividend in its history.
Hope the second generations will be able to provide company with further confidence towards diversification in its portfolio and investments. Most of the existing board members are almost if not more than 70 years old already. Time to let the younger gens decides their future growth prospects and enhancement in its share value.Cheers!!!
Dont have go far...just look at KLK, same business, but less diversified, how it's Younger Generation have steered it to where it is now to a very creditable performance for the benefit of the shareholders. Too bad we have taken the wrong boat and have to wait and wait till when??
With good assets based we all are save to keep and wait. We don’t have to worry so much on current uncertainty economy atmosphere surrounding us. And look at current price chart, Price is on it way for next wave..... hope the wave is strong enough to bring all of us to shore.
Not much buying support this morning but quite a huge lot of 41,200 shares queuing up at RM4.77 was swallowed up in one gulp. What a big appetite! Cheers!!!
how much more patience needed??..the owners have ample $$ n they can wait...they have stopped buying back the shares for themselves for the moment, they can afford to be patient.
With our limited $$, how to be patient? Tired holders are waiting to abandon ship the moment it hits 5/-
Ah Pek, they may be, but they know and operate within the laws....Remember that "Tax Credit" that most claimed the Company was entitled to, we thought,..and the share price spiraled to above RM7/-. The Management did not have to give any explanation because no one asked at the AGM.
In future, perhaps we can use this body to help us,
the longer time that we had been wait, the lesser time left for us to wait....be patient. in business who don't want to maximize the value of their company? and who don't want to realize and cash out at premium price? bear in mind, there are still other businessman holding substantial amount of share in company. those tycoon are all same like us....waiting for durian to drop...ha ha....cheers
...staying firmly now because the Ho Family have been buying the shares for themselves. Hope they will finally make an offer, an attractive one that the minorities cant resist to accept. Close this protracted chapter and move on.
Just curious, there was an agenda "Proposed Renewal of Shareholders' Mandate for Proposed Share Buy-Back" required shareholders to approve in every AGM for past many many year. i did not aware at all that Director utilize company fund to buy back company share instead they personally keep buying for themselves aggressively.
Since the money in the company is keepping for investment opportunity, and the current share price is highly under value, why not utilise internal fund to re-investment in own company by "Share buy Back" as is will improve "Earning Per Share", "Dividend per share", "Price per share" of company
As Management of the company should stand firm that decision make shall favour to company, employees and shareholders first then only themselves.
And obviously, holding valuable assets is not attract interest of investor, Director have to do more to make company more profitability. As most of the fund manager are looking at earning power of the company and ofcourse the potential grow in the future.
Nothing special or exciting....the same rate for last 5 years, and same with bonus 1 for 2, last declared March 2011, previous to that also 1 for 2 in 1995. It is going to be a long wait for Bonus Issue. And for dividend, dont hope for anything special.
No worry fellow forummers, we need utmost patience in buying such a laggard shares. The momentum of directors buying in is something different that we never seen before after quite a while. Believed something very positive will turn out pretty soon. Hope for the best. Cheers to all holders!!!
Keck Seng is a grossly undervalued counter, so when Keck Seng buys its own shares, every shareholder, including the directors benefits. When the Directors are buying, it only benefits them, not the small shareholders like us. What is the point of seeking shareholders' mandate for share buy-back every year if the company fails to buy back its own shares?
Most sellers get absorbed at these levels by Directors' buying....so let's join them since we cant beat them...pl see the update now appearing below today..>>
After buying Keck Seng shares at 75% discount to its NTA, the directors are laughing all the way to the bank. That's how poor people make rich people even richer.
Almost 1.0 million shares have been bought up within about 6 months period. Trying to shake-out all the weak holders who are unable to hold for too long. Cheers!!!
18 Apr 2019 6:11PM HO KIM SWEE @ HO KIAN GUAN (77,400 units Acquired) 18 Apr 2019 6:10PM HO CHENG CHONG @ HO KIAN HOCK (77,400 units Acquired) 18 Apr 2019 6:09PM HO KIM SWEE @ HO KIAN GUAN (77,400 units Acquired) 18 Apr 2019 6:08PM HO CHENG CHONG @ HO KIAN HOCK (77,400 units Acquired) 18 Apr 2019 6:07PM HO YEOW KOON & SONS PTE LTD (77,400 units Acquired)
The price is rather cheap n thus major shareholders came to buy up cheaply when the other shareholders are running out of steam with this dormant counter. Something is fishy or something is brewing but not known to us...keep watching out..
Anything below RM5 is extremely cheap indeed looking at its assets backing. If many people rushed in to buy at current level, price will moved and the main shareholders may have to offer a much higher value in case it want to take it private. Cheers!!!
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prudentinvestor
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Posted by prudentinvestor > 2019-02-21 19:58 | Report Abuse
@SUPERDADDY, it is OK to accept a discount of 30% to Keck Seng's NTA of over RM 20 a share but if the directors only offer RM 7 per share, I doubt there would be any takers. If they are the vendors instead, I am sure they would demand a premium of 30%. Assuming Malaysians hold 110 million Keck Seng shares (30% of its paid up capital), this would result in a loss of over RM 1.4 billion to the country if we were to let go KS shares at RM 7 a share.