Kenanga is losing money but some of the stocks they recommended flying. Using company fund to fry certain stocks? Avoid better when many better stocks around.
According to para 6.2.1 of the Co's Circular dated 4/7/16, pursuant to the proposed Co's capital reduction and repayment every 1,000 K&N Kenanga Holdings Bhd shares of RM1.00 par value will be cancelled and replaced with 1,000 Kenanga IB shares of RM0.25 par value.
The price of the listed Kenanga IB shares is not expected to materially change from the current market price of RM0.50. Hence, upon the proposed Kenanga IB par value adjustment it is more flexible for the Co to raise funds at attractive issue prices, etc i.e. at a discount to the market price.
Haha I have no knowledge well almost zero on stock market. I bought this counter when it was 68cent in 2014. Now when saw a lot of counter drops...I wanna play it again . But y no new comment on this kenanga biard..boring already ka?
hello ,TheContrarian I supris do youe you aim this stock , you got ? I notice whereever you go mean the stock near bottom now you at keng mean can colletc ? can tell kenanga can buy in and keep ? and TheContrarian why tis yr no dividebd 1sen ?>
Sorry TheContrarian s can ask one more: I notive you also comment in Mulpha, is it possible Mulpha drop so much because of Mudajaya made loss because Mupha got mudajy also
ivan9511, I'm not buying Kenanga. I was just trying to answer your question. As for Mulpha, I don't know of any Mudajaya connection. Maybe you can ask Calvin since he promoted Mulpha.
Cahya Mata Sarawak and Deutsche Asia Pacific as main shareholders, I wonder what they gain from being substantial shareholders since Kenanga dividend payout was so much little.
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....
sell
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Posted by sell > 2016-01-15 09:45 | Report Abuse
Kenanga is losing money but some of the stocks they recommended flying. Using company fund to fry certain stocks? Avoid better when many better stocks around.