What happened at the AGM: 1. Minority shareholders were very unhappy with the final dividend despite good profit and huge cash pile. Point was raised about the lack of dividend policy and consistency.
2. Minority shareholders were disappointed with the land not being revalued and the BOD's answer that that Marco does not have a land reevaluation policy.
3. 23M investment in a subsidiary company raised eyebrows.
4. An elderly shareholder pointed out that the Tan Sri have not attended an AGM for a decade.
5. Minority shareholders voted AGAINST the resolution to re-appoint the chairman. His proxy had to call for a poll in order to pass the resolution. Read AGM outcome posted at Bursa Malaysia.
Haha....promising indeed....Tomorrow I sai-lang ;)
MARCO's trading shows no sign of hope for higher price until the results of coming quarter Q2 2015. If the earning is not impressive i.e. EPS < 4 sen/share, then MARCO will die standing at this price i.e 0.155 to 0.165 range.
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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 > 2015-06-18 10:45 | Report Abuse
TQ for sharing