anothr 4m for 10% profits? for extra dividents? wat do u tink...worth it? hope striking out earlier this case...director See have negative support by now
There r two cases brought by See brothers, namely See Teoh Guan and See Teoh Koon... Dunno whether another case is being brought up for appeal even this case hearing on April, small fish like us will just have to wait
wat the hell is tis? we invested hv to wait for dividend even financial report profit oredi announced. who protect us minority interest. we lose time and money. who is the CEO or COO of Kianjoo Can now? Are u use our money for other purposes? why hv to wait till Apr now? Court case cud not mess with our investors' interestlah.
This is the Malaysia court system loh...keep on postpone.....waste time only....fix it to 3 trials la..u don't attend u loose...get it over and done with already !!!
my hope is the takeover fail...and i expect it to fail with the delay. only then will kianjoo price shoot up as PE 15 already means rm4.00. seriously tink rm3.30 is underpriced.
"On behalf of the Board of Directors of Kian Joo, MIDF Investment wishes to announce that Kian Joo and Aspire have agreed to extend the date on which all conditions precedent to the BSA should be fulfilled from 23 March 2015 to 23 September 2015." In the mean time, the share price will plunge and no dividends given. In fact, no dividends for one whole year already.
What will happen to KIAN JOO now that we will not see any SEE in the company? Will KIAN JOO be canned into one can? CAN ONE do that. The minorities will suffer.
Lets be objective - What is the share price of Kian Joo before the offer? Has it been trading above even RM2 about a year before the offer came in? [Not my comment but rather the CFO after the AGM the other day.]
He went on to say to me that the basic fundamental of the Company has not changed except that it is now more profitable then before. But he ask whether the Company has changed that much to have a huge jump in share price.
At least these arrogant guys should give out some dividends from the latest year's profits.There were none!!! Keeping all to themselves. And what is EPF doing to help that Chee fellow? Chee is there because of CAN ONE; and just because he resigned there is no relationship? WTF!!!! I am against KIAN JOO being offered to ASPIRE on a golden platter. I hope the SEES succeed in what they do.
I'm all for the See brothers. Anyway even if Can-one can vote, with EPF regarded as an interested party hence to abstain, I believe the deal will not go through.
Feng you are right about the share price was languishing before the offer. The EPS has improved.
The Co needs to demonstrate that it has the capability to convert the earnings into actual cash & pay higher dividends that commensurate with its performance. Investors will then have a much higher regard for this Co & the PE will rise. Sucking money out of the Co via dividends is the most honorable and legitimate way to reward ALL shareholders including Can-One.
High earnings with low dividends = All thunder with no rain.
I may be a little paranoid but my guess of the price plunge is that Can-one is behind it so that independent parties like us can pick it up for cheap & will probably vote in favour of the buyout.
Bro - A co that is doing well & has not paid their usual minuscule dividend should be worth a lot more. The result of years of so-called prudent a.k.a. tiny dividend policy can be seen with its retained earnings bloating to beyond RM1b. It's like when you constipate, there's a lot of "gold" in you.
It's floating in cash - end 2014 RM123.4m given that each time the each time the pathetic dividend of 6.25 sen is paid, it takes up only RM27m odd.
Don't forget that their investment properties are stated at historical cost (when it could have been stated based on revaluation). It was revealed that at the AGM that the property was not revalued and if they were, it would add a substantial amount (about 50-odd sen if i'm not mistaken) to their NTA which as at end 2014 stood at RM2.72 per share. Since share price to NTA per share for each company is more or less a constant, it also means that the share price should correspondingly go up.
Another point is that RM3.30 offer was made ages ago and since then the value per share should go up in line with the profits that the KJ has been registering.
Now you justify to me that the Co is worth RM3.30 !
Will See T.G. appeal to the Federal Court? If he does; then share price will go down and then the waiting begin. Another 6 months, 1 year??????? No dividend, no bonus ........... If See TG does not appeal, then EGM. What happens next??
dont worry , See TG already say bye bye to kianjoo
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Posted by firehawk > 2014-12-01 22:35 | Report Abuse
he appeal loh ..... so, another round of wait, wait, wait?