resolution pass during AGM for company to buy back shares to stabilize price during AGM yesterday at Sunway resort..good strategy...all shareholders, directors, Felda very happy...potential upside.....interesting...if confident.....hold.
Posted by SANG-JERO > Aug 14, 2013 09:23 AM | Report Abuse X
Pantech AGM on 29 August 2013 at 10.00 am at Bahamas 2&3, Level 12, Sunway Resort Hotel.. to table Proposed Renewal of Share Buy-Back...The proposal will be tabled as Special Business...
Potential advantages:
1. Stabilise supply and demand as well as price of shares.
2.To retained as treasury shares or resold on BMSB at a higher price with the intention of realising potential capital gain for the company without affecting the total issued and paid up capital of the company.
3. Would effectively reduce the number of shares..therefore EPS of the company would be increased and would benefit the shareholders.
4. Shareholders may enjoy an increase in the value of their investment arising from the consequent increase in EPS.
btw...Pantech has allocated millions to buy back shares to stabilize its share price during yesterday AGM...Felda is there to stay....I was there....if confident...HOLD...
Nxt week US mkt short trading week due to Public holidays falling on 2/9 Mon & 5/9 Thurs respectively. Investors r advised to watch closely the following:-
1)6/9 - US Non Farm Payroll data which will determine the direction of Fed's tapering policy. 2)17/9 & 18/9 Fed Open Mkt Committee meeting.
So it is advisable not to invest for longterm strategy due to uncertainties ahead getting closer.
many counters are in downtrend, not inline with the surging index, probably its the usual happenings for the week last trading day but i believe its more likely due to the syrian problems
there might be a heavy dip next week, like what happens days ago, be ready to picks up some thoroughly beaten stocks that should provide some gains,...................................up up and away ....................lunch hour
Short-term mkt sentiment moderate n can take up position but next week is quite uncertain n hv to be cautious. Hv to watch closely the US Non Farm Payroll data on 6/9 & the most crucial is the Fed Open Mkt Committee meeting on 17/9 & 18/9 which will be the decisive factor on the global mkt direction.
55880955,by the look of things they are going to put on a good show prior to budget,but for the moment already topping out.be ready by second half of Sept.
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....
winman 1
512 posts
Posted by winman 1 > 2013-08-29 22:46 | Report Abuse
a good growth com. and likely getting petronas project once they restart rapid at penggerang in johore