Still can buy back another 8.5% or another 48 million shares of wtk mah.....!!
If they do that only cost rm 18 million only loh..!!
Don forget it has Rm 377m cash that is more than topgloves wor..!!
Posted by Mikecyc > Jun 21, 2020 12:56 PM | Report Abuse
Haha shares buy back cannot sustain the price , same day 2 Directors bought shares to sustain the price.
Shares buy back already up to 1.46 % .
Date of buy back 15 Jun 2020 Description of shares purchased Ordinary Shares Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 300,000 Minimum price paid for each share purchased ($$) 0.355 Maximum price paid for each share purchased ($$) 0.360 Total consideration paid ($$) 107,874.10 Number of shares purchased retained in treasury (units) 300,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 7,029,400 Adjusted issued capital after cancellation (no. of shares) (units) 481,344,552 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.46037
U buy the land as plantation at reasonable cheap price but in 15 years time this land can be integrated into Miri district bcos of its close proximity mah...!!
Just like sepang, putrajaya, puchong & rawang are integrated to Klang valley loh...!!
At the mean time u just enjoy the fruits of palm oil harvest mah..!!
Posted by Mikecyc > Jun 21, 2020 1:27 PM | Report Abuse
how well you know Miri ? Do you know there do reclamation land under Samling group .
1. It has Rm 377m cash more than topgloves. 2. Its plantation land very valuable quite close to MIRI which a long term realty opportunity mah...!! 3. Its palm plantation is young with increasing maturity meaning going yield & maturity every year mah...!! 4. It has big timber hectare ...that can put to good use when timber price improve loh...!! 5. It hold cic or loytape which is listed & which involve with covid19 special distancing marking mah...!! 6. The directors now are buying wtk mah...!!
With the acquisition of neighbours estate of more than 4000 hectares, it expected Wtk palmoil production is going to go up by more than 40% loh....!!
In addition with improving in cpo prices to more than rm 2500 and super efficiency of managing a large plantation of more than 12k ha just in one area....it is expected the future profit of wtk on palmoil will shoot through the ceiling mah...!!
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....
stockraider
31,556 posts
Posted by stockraider > 2020-06-21 13:51 | Report Abuse
Still can buy back another 8.5% or another 48 million shares of wtk mah.....!!
If they do that only cost rm 18 million only loh..!!
Don forget it has Rm 377m cash that is more than topgloves wor..!!
Posted by Mikecyc > Jun 21, 2020 12:56 PM | Report Abuse
Haha shares buy back cannot sustain the price , same day 2 Directors bought shares to sustain the price.
Shares buy back already up to 1.46 % .
Date of buy back 15 Jun 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 300,000
Minimum price paid for each share purchased ($$) 0.355
Maximum price paid for each share purchased ($$) 0.360
Total consideration paid ($$) 107,874.10
Number of shares purchased retained in treasury (units) 300,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 7,029,400
Adjusted issued capital after cancellation
(no. of shares) (units) 481,344,552
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.46037