Hi Simon, I have to say I really admire you, never give up in Marco, sold it and buy it back, I think you should be 45 years old, am I right? You are really energetic.The volume is millions in average everyday recently, and nobody can predicts it is good or bad, but I believe every counter will has its time to up and down even the worst counter in Bursa, no need to say Marco, because its fundamental is still good. The main point is it will not bankrupt, at least these few years. If you guys not forget, this counter had been diluted by the warrant, and if dividend was given RT family will have not enough water, so I think they wants to buy back at least the % before warrants exercised and then can give dividend, Koi Koh may be able to count the time. :)
According to technical analysis, this counter is at the end of consolidation, if they wiling to pull it up, the resistance should be not very hard to break.
2% dividend is too small compares to previous year, i think it is a mistake and pending for revision to have more advantageous to all the share holders
Low dividend might be the strategy to force short term investors to give up. May be later on there would be good corporate news to announce such as ... develop two pieces of land that it owns.
in Marco Forum have few Guy every day talk and talk how good MARCO, but i hold marco more then half years, its not up at all, and no dividend at all, this coming MEETING, i confirm will FIRE TOP MANAGEMENT TEAM, anyone want join me ??
9. DIVIDEND COMPANY 2014 2013 RM RM Paid: First interim single tier dividend of 8% for year ended 31 December 2013 - 6,296,478 Second interim single tier dividend of 8% for year ended 31 December 2013 - 6,700,281 Third interim single tier dividend of 8% for year ended 31 December 2013 7,036,029 - Payable: Third interim single tier dividend of 8% for year ended 31 December 2013 - 7,036,029 7,036,029 20,032,788 Proposed: Final single tier dividend of 2% for year ended 31 December 2014 2,108,614 - 2,108,614 - Dividend per share (Sen) 0.20 2.40 At forthcoming Annual General Meeting, a single tier final dividend of 2% amounting to RM2,108,614 will be proposed for shareholders’ approval.
Annual Report not yet ready. Marco announced on Annual Audited A/C. If MARCO share price cannot go up, it is better for it to come down so that we can buy at cheaper price and keep as investment since MARCO's balance sheet is very strong.
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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....
koi koh
2,499 posts
Posted by koi koh > 2015-04-23 11:36 | Report Abuse
> 20 millions done at 0.185 on monday will be forced to take up or vomit bloooood!