Appreciation On behalf of the Group, I would like to extend our gratitude to all our valued shareholders, customers, business associates and the regulatory authorities for your continued trust and support to our Group. We will strive to devote more effort to increasing shareholder value, and rise to greater heights. I would also like to convey the Group’s heartfelt gratitude to the management and staff for their commitment and dedication towards the advancement of the Group. Last but not least, my sincere thanks to the members of the Board for their visionary ideas and insights. Without all of you, the Group would not be where it is today. Thank you
Treasury Shares During the current quarter, the Company repurchased 2,897,000 of its issued ordinary shares from the open market at an average price of RM0.93 per share. The total consideration paid for the repurchased including transaction costs was RM2,713,994. The repurchased transactions were financed by internally generated funds. The shares repurchased are being held as treasury shares in accordance with Section 127 of the Companies Act 2016. As at 30 June 2018, the cumulative total number of treasury shares held were 20,292,400 shares. None of these treasury shares held were sold or cancelled during the financial period ended 30 June 2018.
Many years back they announced 40% profit payout to shareholders to cheat everyone. I was cheated also and lost almost all saving. These con leaders will receive their karma.
Khoo Cheng Hai bought a lot this few days. He don't want to give dividend, so the share price depressed to very low level, and he used his 30 million salary to buy this cheap shares. Is this the reason why he don't want to give dividend? Mr Khoo, please give the dividend you already promised!
When house market is good, the company need money for new project, so no money for dividend. When house market is not good, the company need money to buy land because it's very cheap, so also no money for dividend. Then, when the company can give dividend?
Don't be too positive with this counter. I have heard good comments for the last 4 years but stock went down from RM2 to 70 cents because they broke their promise and never paid a cent to any investors. They are con men. I now start saving all over again for my life. These company leaders are living luxuriously by robbing from small investors like us. Don't give them honour. They are like beasts in sheep skin.
oh by the way, I received a meal coupon once which I had to pay for a flight to Johor from Kuching to eat a free meal in a hotel. It was hilarious. The company was doing so well that it decided to feed its investors one meal in their life time after robbing everything from them.
Hope that KSL will declare some dividends. Not only everybody will get ang pao, share price also will go up. Everybody including the boss will have a happy and prosperous new year.
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....
Alex™
12,594 posts
Posted by Alex™ > 2018-11-16 19:07 | Report Abuse
Disappointed... I tot one day drop one sen... Need to wait how long only reach 0 sen?