Likely many retirees put their savings into this stock when management promised consistent dividends of 40% of operation profits and lost. Likely at least one have to go public for help for funeral funds when his wife passed away.
KSL management thinks they can do such cheating with impunity. That's why they did it.
Friends, you must know what this boss & his son are doing first before they ventured into properties and then get it listed. Go to Segamat in Johore to find out more. You will be much surprised.
Dear KSL shareholder, If anyone of you intend to attend the upcoming KSL 19th AGM held at KSL Resorts, Level G, Infusion Private Room, 33, Jalan Seladang, Taman Abad, 80250 Johor Bahru, Johor Darul Takzim on Thursday, 30 May 2019 at 3.30 p.m. Please do me a favor by asking the questions I prepared on my Blog: https://klse.i3investor.com/blogs/Sslee_blog/206874.jsp
Use the investor money to pay off the director salary
1) Managing director - 10 million + 2) Non Independent director - few million
How much money left for dividend, think twice before you invest in this counter. These four brother and their sons and daughter is very smart in cheating the investor money.
No dividend, share price get suppressed for long time, cash pile increasing....sounds familiar before the boss privatises it at low price...they pay the money to privatise the company, when they own the company, the cash pile also beling to them, smart move
Many Thanks also to all the AGM attendees for posting many follow up interesting questions.
I think one of the important question miss out is asking the Board why spend the cash on below land purchase in 2018 when part of this cash can be used to pay dividend.
Mukim of Pulai vacant free hold Land held for Development 8,208,099 sq ft: Net book value RM 180,674,963. RM 22.0 per sq ft. Date of acquisition: 20.03.2018 Mukim of Tebrau vacant lease hold Land held for Development 5,137,998 sq ft: Net book value RM 134,021,551. RM 26.1 per sq ft. Date of acquisition: 12.03.2018
Who wish to continue investing in this stock, which you good luck, who have lose their hard earn money you may personally look for Khoo Family for compensation !
Running a public company is important to give what belongs to the public. I lost about 12K in this counter. I was cheated into it reading their promise to give back to the public 40%. The last time they paid was in 2015. The Khoos are so greedy and thick faced that they reap from everyone and still manage to sleep well at night. My advice is, don't associate yourself with cheap people like this. Don't take what you earn from this counter. It may haunt you. Let them die at their due cause.
Got possibility to be privatised by the Ku clan at a price lower than its net asset value just like other property counters being privatised before. So either race them to sapu the shares or keep on holding until privatise offer.
Even if KSL declares 3 sens dividend, the total amount to be paid out is only RM31.1mil, which is about the same with the total remunerations paid to the directors.
Gtrade wah 3 bro of KSL family members paid 10m salary !!! SC/bursa should review this type of daylight robbery. Even PM of MsiaTun Mahathir, earn only 22k per month, and Tun overseas the whole country, 100 times more work than the KSL directors, How can the country allow this type of ripoff? 24/05/2019 10:48 AM
If it is truth, 3 bro of KSL family members paid 10m salary, SC should take action!!! These directors are obviously make fool of small shareholders who get nothing, can't even get 0.01sen dividend per year. Shame on you, 3 bro of KSL family members paid 10m salary per year.
3 KSL executive directors REMUNERATION PACKAGES are RM29,999,000.00. Means 1 executive director remuneration package is very close to RM10,000,000 one year. More than 4 years small shareholders get zero/kosong/0 dividend. Hi, 3 KSL executive directors, small shareholders also want cari makan, very hungary, starving!!!
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Posted by xiohai > 2019-05-08 21:15 | Report Abuse
don't think about fighting with the devil , you haven't shot yet. lost long ago.