It will take sometime for KSL's share price to recover after the repeated raids by the wolves with impunity. Investors' confidence do not recover well without confidence building measures by KSL's management.
kenneth89. Buy back is not enough given the sorry record of KSL's management. They should push the price to at least RM2 at least and maintain it at least at that level!
I think the company buying back shares - as a means to stablise the price - is not the optimal use of cash.
Market forces are pushing the price down - underscore the word price here, not value. They should allow that to happen.
I do, however, deduce that since they have been busy buying back shares; we might be in for a surprise with the upcoming report.
If that turns out to be right... the market would have delivered the ideal circumstances for them to behave that way. (they bought at the current, discounted market price just before their report)
gt91: KSL PE ratio not so low. If it is indeed so low, of course it would be an outright buy, no questions asked. It is currently at 5.1x (ttm), similar to its peers of similar market capitalisation.
Echoing N00b's sentiment, I would put more faith if it was a direct open market acquisition under Directors' name, not company. That is a better signal of confidence, not a mere attempt to support share price.
ggg123 mayb director's money all throw at somewhere else no money too? at least we can see from last week KSL keep buying back, not letting it to drop below 1.4
gt91: Probably pressured by big shareholder to do that. As N00b said, not a good use of cash. And you are confident it will grow to RM2 in 2 months? Then what is your prediction on USD/MYR and FBMKLCI?
USD/MYR will be 3.90 to 3.98 in 2 months. It can't go worse anymore bro with FBMKLCI reach 1620. if really become 4.5 with klci 1350 to 1400 think we're in deep shyt
ggg123 I have done research myself, am saying it will go to 3.9 (optimistic) and 3.98 (pessimistic). no way government will let it touch 4.5 as others has suggested or their trade surplus will not sustain.
Here, some of the world's largest organisations, first two are banks that you should have heard of, and one a research house. Let's see what are their latest forecasts for the USD/MYR:
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....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2015-08-19 10:05 | Report Abuse
Not sure as I feel qtrly results, being unaudited, can/will be manipulated.