good, 40%: The Board of Directors of KSL Holdings Berhad (“KSL” or “the Company”) wishes to announce that KSL has put in place a dividend policy where a minimum of 40% of KSL Group’s annual net profit from operations (excluding fair value gains) will be distributed to shareholders in the form of dividends in each financial year subject to the factors outlined below. The said dividends would also be eligible for the option of reinvestment by shareholders under the existing Dividend Reinvestment Plan (“DRP”).
Shareholders should note that this dividend policy, which shall take effect from the financial year ending 31 December 2015, indicates the Board’s intention of rewarding shareholders and is not legally binding and therefore subject to modification (including reduction or non-declaration thereof) at the Board’s absolute discretion.
The ability, quantum, and frequency of KSL to pay future dividends to the shareholders are subject to various factors including but not limited to the financial performance, cash flow requirements, availability of distributable reserves and tax credits, future operating conditions, as well as future expansion, capital expenditure and investment plans of KSL Group.
As the Company is a holding company, its income, and therefore its ability to pay dividends, is dependent upon the dividends and other distributions that it receives from its subsidiaries. The payment of dividends or other distributions by the Company’s subsidiaries will depend upon their operating results, financial condition, capital expenditure plans, loan covenants and other factors that their respective boards of directors deem relevant.
Its good news again to see the announcement by management of KSL of a 40% divvy policy. Results for 31/12/2014 released recently are excellent to me….its no brainer that this is a grossly undervalued gem la...
However, the price of KSL is not behaving satisfactorily I find… For the last few times the price would run up before announcement of any supposedly good results announcement but some big guys would fiercely sell down the shares on the day right before announcement date….the small investors who bot earlier in anticipation of good results but got panic & fear for the worst thus cutting their losses by selling and had to buy back when the announced results are actually good. I actually question whether the owner is concerned about this as by condoning this price pattern he is actually allowing the destruction of confidence in the share price, many would in future sell on any small price hikes & not hold long term for the fair value….also this 'big hand' has the kind of financial power to 'muscle in' on the small investors in such ruthless manner...
To the owner of KSL, it is very clear that its a win -win for all investors if there is the conviction to invest in the growing value of the company but the pattern of such price movement in the past would destroy any confidence among us small investors & the funds... For what the 'big hand' had done in the past, it would have made some money but do not lose sight of the fact that big money is made when the share price can climb to & sustain at its fair value which is much higher then current level… or the current share price is already suffering from the backlash of the doing of this 'big hand' already, trading at below 6 time PE only...
My fellow investor…your views are welcome on the above matter… thks & cheers...
told u all huat. :) now i cashed out liao..moving on to yinson will move more soon...thanks for those who believe in me :) you will huat if u follow taiko
Thanks Sikung 119 for agreeing…. In fact I find it very unusual for the bosses conceding to the big hand 'shaving their eyebrow'(in Cantonese-Thai Ngan Mei) & let the share price languished under the recurring vicious attacks right before the announcement of better results. It is very interesting to explore the thinking of the bosses…..
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....
syioksyiok
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Posted by syioksyiok > 2015-03-15 09:37 | Report Abuse
y scared? just bot 2.12!!!