Integrity , transparency , responsibility must be uphold by the directors before the company can move forward. Any business , there are risk but must exercise with utmost cautious otherwise they will lose their credentials and erode stakeholders' confidence . Thus, eventually cause the reputable company to collapse !. It takes 20 years to build a good reputation but it takes 2 minutes to ruin.
The impact from the o & g is not significant, but can't really place a value on the integrity of the BOD. The issue need to be resolved ASAP, until then, just get the dividend.
Bursa : [Further to our announcement dated 24 September 2014, Protasco Berhad (“Protasco” or “Company”) wishes to announce that the first case management date for the Legal Proceeding is fixed on 3 October 2014.] This 3 October Share price must drop. =.='' wants to see protasco rebound also susah liao.
The way i see it, pity Chong and 2 of his partners Ooi and Tey. All being used and falls into trap of devils. Easy to stir anger and raise the devil, they never think of "reason behind". Small investors being sacrificed. Truth will reveal we all wait.
1.35 to 1.39..soon.... back to the prices a yr before...whc it was stagnant there for long tht time... it shall get strong support there... if no further "surprise" from the board of directors...
The company must formulate new strategy to counter the recent set back . This is part of the painful lesson learnt before the company can leap forward. The true investor are waiting for any fresh lead which should be tangible before investing. Most of the investors nowadays are highly educated unlike in late 70s or 80s who are just jump into the bandwagon without much thought.
The existing management and board abusing PLC like this, clearly for personal agenda, is enough to get entire board suspended. There are minority shareholders here. 30 years in bank never seen such abuse by PLC management.
Lucky i sold above 2 so i can buy now. Seems like CEO really run the business like cowboy, now repeatedly use listed co resources for own. As for these funny accusations until proven else wont give excuse to play out the 2 shareholders. Time to buy when the two fights.
Wow! After read the news, it raises more questions. This is first time I see a listed co board allow CEO to do whatever he wants. All these reports means the board of directors all dont know or all gang up with CEO? The 2 coy are directors how come didnt voice out? Can the 2 later follow CEO also sue and report the CEO wasting listed co resources? Some one should send all these directors to class on how to run listed co. No eye see.
Some strange people here simply give comment as if they are judge. So easy affect the two boys other plc directorship? If yes Maxis Annanda sue by india his companies all affected? Fat dream. Study few years law first before simply make comment. Innocent investors here trying to make their living. Pitty the 3 partners here must be first time doing business. No knowldege at all do all these at the cost of public.
ykgykg "Most of the investors nowadays are highly educated unlike in late 70s or 80s who are just jump into the bandwagon without much thought." Welcome to 21st century, i see the same knowledge of higher educated investors. Share price goes up today, hope to fall down didnt happen.
Share up means no impact. Investors are smarter than expected. The drama, all directors especially the Latuk CKP and 2 of his targets, all will be affected.
Speakup is right, the two young ciku should speak up, or not qualify as directors. So as the entire board of this directionless ship. How can a public company board let this happen. Buy BJcorp better, proven record.
If u dun like this share please get away from here. I dont know what bjcorp reward to their shareholder. Does bjcorp give u dividend? No. I know they only give you RM100 voucher during AGM.Does bjcorp share increase? No. In fact, it depreciated about 40 to 50 percent. If u r not fundemental investor please go away from protaaco and go for bjland, bjcorp, sumatec, pdz etc. Dun come here 识小小扮代表。 This share give u 6percent dividend per year which is one of the best return for fundemental shareholder
Dun talk cocky thing if u dun know whole story. U tink they run business like cowboy? Put ur thinking on why they wan to make it as legal case and they also lodge police report to both directors. If they doing monkey show, why they wan to this thing become so big? Why the director in nextgram resign after heard that mr tey is charged by protasco?
One more thing. If the main shareholder wan to cheat minority shareholder, why they dun wan to cheat from the start when protasco listed and wait so long to cheat us? For a few million dollar then they destroy their hard work for so many years? Think about it. The main owner have cheated by mr tey. It is mr tey personal integrity problem. Why all just attack the main owner but not mr tey? Are you all hired by mr tey to attack on the company to revenge?
couldn't agree more with you itjustaboutheprofit... Prtasco has been steady giving out dividend for the past 12yrs.. steady profit, cash rich, reasonable debt.. Prtasco did the right thing to sue the director involved to regain their integrity... I believe this is the opportunity to accumulate more..
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Posted by hunter123 > 2014-09-25 11:32 | Report Abuse
Tiger87, Betahan76 and Invest2020 are all Tey Poh Yee, dont bother hiding or using fake id, we see you :p