With increase of water tariff will PBA move on upward? That depends on whether PKR decides to reward shareholders or benefit Penang rakyat to fish for votes.
Hope they will increase dividends to benefit shareholders. If so price should continue to go up!
up, up, up! None of my biz. I wouldn't sell mine, at least for the next 5-10 years. Perhaps it's a good idea to leave it to my love one, hahaha! What if it dropped. Lagi bagus! You should know what I mean and I didn't mean to hurt if you're thinking to sell yours. Just wish you get yours at your desired conditions.
The company must try to increase net profit annually just like humans have to keep improving every year in order to live better. Hopefully, we see moderate improvement every year. This is also a sign that the DAP is able to govern the people.
Dividend almost equal to banks' fixed deposit. I think management does not understand that fixed deposit interest rate is risk-free interest rate. How can a company pay such low dividend that is almost equal to the market risk-free interest rate. THe company should re-evaluate the dividend policy. Everything go up in prices in Penang, but the dividend policy still stay the same for the last 5 years. How can this be fair to the shareholders! Maybe we should support UMNO next time.
Because you are a 50 cent par value stock, when the company declares 4% dividend, investors only get 2 % from paying around RM1300 (Based on IPO price) for each share. That dividend policy translates to only RM26 per share (2% of RM1300). In fact, even if they distribute dividends twice a year, your cost of purchase is RM1300 and the company only give you RM52 or less to you for holding the share for a full year. This is not acceptable. What is acceptable is a 8~10 % dividend policy for the full year. Last year, your dividend policy was only about (4+3.5)/2= 3.75% for the full year (remember your par value is 50 cent). Your dividend policy is only 3.75 % for the full year.
"Since 2002, the PBA Holdings Bhd (PBAHB) has been reporting operational profits and providing fair dividends to all its shareholders. The key to the Group’s continuing success is sustainability – in terms of outlook, operations and business continuity.", page 33.
Based on such low standard of 3.75% dividend policy for a full year, how can the DAP Penang government still claim that they are being fair to shareholders. Tipu also jangan banyak banyak lah!
Erata. Because your par value is 50 cent, the 4% dividend policy is actually a 2% dividend policy and you pay out Rm20 for each lot of share investor holds, which cost RM1300 (based on IPO price) per lot. So a dividend policy of (4%+3.75%)/2=3.75 % for the full year only pay you RM37.50 if your cost is RM1300 and you hold the share for one full year. You shouldn't brag about your dividend policy of 3.75 % for full year. Don't say you are being fair when your performance is so low. With the 3.75% policy, you are paying less than the dividends of a 5-year Malaysia government bonds which is risk-free. For the investors, their return is RM37.50/RM1300*100=2.9%. Actually, for an investors who bought your shares since IPO at RM1300 and not at the par value, they only get 2.9 % every year. You see! Your company's dividend standard is below the one pay out by the Malaysian government bonds and you said you are being fair. I let the public judge for themselves!
what you expect?TNB can simply raise the rates as long as the company doesn't make a nice profit PEnang water tariff is the lowest among Malaysia, yet SPAN still do not respond to the proposal PBA submitted 3 months ago
A mean government indeed. Keep everything low including dividends, share price, and transactions very very very low. I want to sell out also cannot. What a What counter!
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....
Neo Suan Keong
2 posts
Posted by Neo Suan Keong > 2014-04-15 22:32 | Report Abuse
rocket flying