At Complete Logistic Services Bhd, the Law family, led by founder and managing director Law Hee Ling, further increased its control of the company.
His total direct and deemed holdings rose from 50.2% to 56.3% on Nov 28 after his son, Leon Law Li Yion, bought Mesti Juara Sdn Bhdâs entire 6.12% stake (7.56 million shares).
The shares changed hands at 78 sen a share on Nov 28, a 19% premium to the 65.5 sen the shares were fetching on the open market and one sen above the highest level the stock had closed at year to date. Closing at 69.5 sen last Wednesday, the stock had gained 10.3% from the 63 sen closing price on Nov 28.
Director willing to buy back 6.12% of share at 19% premium (78sen) Complet now at least is worth 78sen. Now is truly undervalue
With the completion of their new warehouse in December. Expecting full year positive contribution for the next financial year. Warehousing have been their most profitable and future gorwth focus compared to the stagnant logistic and shriking marine segment. Exciting prospect ahead
DISPOSALS COMPLETED. SPECIAL DIVIDEND OF 0.16 sens (RM 160) ON THE WAY !!! ACTION ON MONDAY!
Further to the Company’s announcement dated 31 January 2020, KAF IB wishes to announce, on behalf of CLSB’s Board, that the Proposed Disposals have been completed today following the payment by the Purchaser of the Disposal Consideration to CLSB in accordance with the terms and conditions of the SPA. Accordingly, the Proposed Disposals have been completed.
Risk analysis below refers. No wonder big boys running away from this counter. Although I happy with the dividend, I 'm not sure where they get the money to pay the dividend. It seems somebody made decision to take the money out from the company when they detected problem in the company. This is not good. I hope I can sell higher price next week. Good luck to all of us.
Risk Analysis Summary of Complet: - Price is *OverValued*, with Intrinsic Value @ 10% discount rate = RM 0.39 vs previous closing price @ RM 0.53. - Dividend of 60.38% is not well covered by earnings (Potential Financial Manipulation) - Highly volatile share price over past 3 months - Shareholders have been diluted in the past year - Does not have a meaningful market cap (MYR67M)
Posted by iHunter > May 17, 2020 7:22 AM | Report Abuse
Risk analysis below refers. No wonder big boys running away from this counter. Although I happy with the dividend, I 'm not sure where they get the money to pay the dividend. It seems somebody made decision to take the money out from the company when they detected problem in the company. This is not good. I hope I can sell higher price next week. Good luck to all of us.
Risk Analysis Summary of Complet: - Price is *OverValued*, with Intrinsic Value @ 10% discount rate = RM 0.39 vs previous closing price @ RM 0.53. - Dividend of 60.38% is not well covered by earnings (Potential Financial Manipulation) - Highly volatile share price over past 3 months - Shareholders have been diluted in the past year - Does not have a meaningful market cap (MYR67M)
Ihunter, as far as I know, company got money to reward us from the profit of sale of a company to a Singapore company. Pls confirm. Today complet up 3.8%!
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Posted by apolloang > 2018-10-22 09:14 | Report Abuse
who sold at low please declare here,no need shameful.let people know so we can shame the sharks