Posted by nicholas99 > 2021-11-09 09:38 | Report Abuse

bad move. but its a necessary one.

Posted by TanHuatHeng > 2021-11-09 09:49 | Report Abuse

thanks nick,

still not happy with it but at least I can feel better ,

Posted by kong73 > 2021-11-09 11:10 | Report Abuse

This is the key statement gents

The group expected to return to black with retained earnings of RM1.05 billion after the capital reduction exercised

… expected to enhance the credibility of the company with bankers, customers, suppliers, investors and other stakeholders..

The way i see it - any activity that will help to show profit reporting is welcome

Posted by CartoonInvesting > 2021-11-09 11:10 | Report Abuse

I can understand your feeling. Those die hard fans, what do you think? Good or bad?

Posted by warrenchok90 > 2021-11-09 11:11 | Report Abuse

I miss que 0.205.... damn

Posted by warrenchok90 > 2021-11-09 11:11 | Report Abuse

sell me some ticket pls

Posted by kong73 > 2021-11-09 11:13 | Report Abuse

parkson recovery this quarter seems to be good

Posted by kong73 > 2021-11-09 11:15 | Report Abuse

Increases in the total capital stock may negatively impact existing shareholders since it usually results in share dilution. That means each existing share represents a smaller percentage of ownership, making the shares less valuable.

Posted by kong73 > 2021-11-09 11:16 | Report Abuse

After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

Posted by kong73 > 2021-11-09 11:18 | Report Abuse

Supply vs demand - limited supply of shares available to trade will provide the opportunity to increase the value of the shares especially when the company is reporting good profitable numbers

Posted by kong73 > 2021-11-09 11:30 | Report Abuse

A company may generally reduce its share capital in any way. In particular, a company may do so by cancelling or reducing the liability on partly paid shares, repaying any paid-up share capital in excess of the company's wants, or cancelling any paid-up share capital that is lost or unrepresented by available assets.

Posted by CartoonInvesting > 2021-11-09 12:12 | Report Abuse

so of different from share consolidation.

any different from the number of share we buy?

Posted by kelvin61 > 2021-11-09 13:51 | Report Abuse

Basically the reduction is coming from the share premium account before it was merged to the issued capital. No impact on your shares. Of course the news editors will pretend to be negligent did not highlight this and hope panicky selling happens so opportunist can buy cheap for no reason, cheers.

Posted by CartoonInvesting > 2021-11-09 14:47 | Report Abuse

thank you kelvin
trying to find the answer high and low
mean i can buy if i think the price is stable.
but after the reduction, will the price be adjusted?

Posted by stupidddtrump > 2021-11-09 15:21 | Report Abuse

@kong73,
Don't miss-lead investors here, nothing change in number of share issuing nor share price.

Posted by stupidddtrump > 2021-11-09 15:23 | Report Abuse

someone trying to corner the shares from those who panicked selling. Don't be conned by such news.

Posted by kelvin61 > 2021-11-09 23:13 | Report Abuse

@ CartoonInvesting. There is no price adjustment. Revenge shopping for Singles Day, Xmas, CNY all coming soon. Have faith, cheers.

Posted by Skywalker00 > 2021-11-11 18:54 | Report Abuse

Next 2-3 Quarters are all positive... time it get to it’s place like others.

Posted by kong73 > 2021-11-12 19:22 | Report Abuse

Where got misled…capital reduction by cancelling RM2billion worth of its issued share capital

Posted by Mabel > 2021-11-14 15:34 | Report Abuse

#Skywalker00 Next 2-3 Quarters are all positive... time it get to it’s place like others.
11/11/2021 6:54 PM

Indeed. Inspired with Mabel's Body Shop progress, this week Mabel collect more in 3 tranches..

21
20.5
20..

To Our Success !

Meow Meow Meow

Posted by vivientac > 2021-11-19 06:48 | Report Abuse

Wise move Parkson!
At the end their retained profit left 1bil+ and share capital 2bil+
It is just debiting share capital 2bil and credit to retained profit ( at the moment accumulated losses 970mil)
It is good for their credit rating assessment.

Posted by warrenchok90 > 2021-11-19 15:55 | Report Abuse

anyone same like me bought again at 0.205??

Posted by warrenchok90 > 2021-11-19 15:58 | Report Abuse

not make it 0.20... for me 0.205 still good for collect. Generally the news about the reduction actually good for the company future growth because it decreasing it debt.

Posted by warrenchok90 > 2021-11-19 15:59 | Report Abuse

imagine company with lower debt high income they have so much possibility .. share price will up

Posted by Klse_faizan > 2021-11-20 02:12 | Report Abuse

Only you buy. Keep believing in this counter cant make you rich

Posted by Mabel > 2021-11-20 15:55 | Report Abuse

Why not?

This is for next year...

Slowly and surely

Meow

Posted by Mabel > 2021-11-20 15:56 | Report Abuse

At this run rate should be better than FD..

Meow

Posted by warrenchok90 > 2021-11-20 16:27 | Report Abuse

fully agreed with Mabel. imagine I secured 3 times profit in this counter 10 % profit...

Posted by warrenchok90 > 2021-11-22 17:14 | Report Abuse

able to top up again at 0.205... if Wednesday back to 0.205 will top up more... since unable to collect tsh anymore...

Posted by jokurprg > 2021-11-23 01:10 | Report Abuse

Not longer legend. Padini is better

Posted by smartgood > 2021-11-24 15:35 | Report Abuse

Isn't capital reduction mean can lost a lot of money? Can anybody enlighten?

Posted by zach123 > 2021-11-25 18:17 | Report Abuse

Capital reduction - Just account treatment (Transfer amount in Share Capital to Accumulated loss), Total Equity not change.

Posted by zach123 > 2021-11-25 18:20 | Report Abuse

Units of shares, NBV per shares remain unchanged.

Posted by SolidGold > 2021-11-26 11:35 | Report Abuse

Koyaking

Posted by TripleMMM > 2021-11-26 11:52 | Report Abuse

Good time to buy !

Posted by clp72 > 2021-11-26 12:21 | Report Abuse

i suspect the reason they did this is to raise capital... which means issuing more shares, just speculating

Posted by warrenchok90 > 2021-11-26 12:22 | Report Abuse

today all drop .....

Posted by kong73 > 2021-11-26 12:54 | Report Abuse

The group expects to return to the black with retained earnings of RM1.05 billion after the capital reduction exercise.

Posted by kong73 > 2021-11-26 12:54 | Report Abuse

Seems like good news to me

Posted by Bmw X5 > 2021-11-26 14:57 | Report Abuse

Those bought above 0.200 .... All got trap at pent house... Any comments?

Posted by TanHuatHeng > 2021-11-29 09:03 | Report Abuse

I am a little lucky to sell at .21. At time thought it was bad move.
Now feel happy but wonder can BUY back or not.

Posted by Newtrader88 > 2021-11-29 11:32 | Report Abuse

I think can collect below 20cents , it drops bcoz sudden market shocked , now saying omicron case symptoms very mild , share price maybe can rebound after this

Posted by Mabel > 2021-12-02 12:29 | Report Abuse

Yesterday managed to collect at 19, 18.5 and 18

Today put another queue..

Let see what happen...

Volume so low...

Meow

Posted by Newtrader88 > 2021-12-09 14:43 | Report Abuse

Yes yes parkson , coming back , go go ~

Posted by warrenchok90 > 2021-12-10 15:37 | Report Abuse

early morning up to 2.20... I miss it... should have que sell first... was busy... damn...

Posted by warrenchok90 > 2021-12-10 15:38 | Report Abuse

0.220.

Posted by Superhotdog > 2021-12-13 08:47 | Report Abuse

0.230 today?

Posted by kong73 > 2021-12-14 18:30 | Report Abuse

Waaa. 11million units traded

Posted by warrenchok90 > 2021-12-14 20:41 | Report Abuse

can anyone tell me what happen

Posted by wallstreetrookie > 2021-12-15 09:16 | Report Abuse

Private Placement at RM0.185