Koi koh , what is erratic ? Elastic u mean . I answer u , the actual story for correction in whole world just did by US . They did it for the purposes block away people eyesight regarding their bad debt . Don't be silly get con by the world no one lie country . AMERICA !
Confirm news out . Compulsory wave until 0.20 ! We call it Robert tan tsunami 2014 . Good luck to u . Healthy correction any way . Version 3 is near us .
Just to share, I think Marco is not expected to declare dividends for 2014 & possibly 1st half 2015, because it has very substantial cumulative loss I should expect Marco to undertake a capital reduction to wipe out the cumulative losses, like what Faber did.
Pls download the Marco 2013 annual report. Go to the statement of changes in equity and see for yourself. I first bought the shares because of the good dividend payout. For coys to pay dividend, the COMPANY distributable rserves must be +ve. consolidateed dist reserves is -ve of 4.8 mil and at coy level, the defiicit is RM19.6 mil.
Marco company and group dist reserves had been -ve since 2008 (I did not check earlier period). Of course coy can still pay dividend this year, because CA1965 does not stop coy from paying dividend as long as current year got profits. I only started investigating into this because Marco did not pay dividend in Q1 & Q2.
Malaysia company act is being revised. The new act will come into force soon. Under the new act, Marco will not be able to pay dividends, if their retained earnings is -ve. I think marco would do a capital reduction to cancel out the -ve balance. There is no problem with that, after all, Faber after the cap reduction share price gone up from RM1.50 to RM3+.
what is important to use investors is, if Marco mgt is happy to pay alot of dividends, share price will hold. And, it is up to mgt to figure out how to do it.
Ok... I would not share something if I am not sure, since I know this news is not something good. I first attracted to this counter because of the good dividend... what is still good is that, we know the mgt is generous - they would need to find the way to do it. Much better than coys that have plenty of cash and reserves but stingy to pay.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 380 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11754 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
simon333
1,021 posts
Posted by simon333 > 2014-10-17 10:08 | Report Abuse
Bet down SUMATEC , PDZ become no ONE .