Every previous QRs this company has made good profit and returned some to investors in terms of dividend. But the value is not in parallel to its profit much so with the share stagnant in price movement or like snail. When overall market condition was bad it followed to go south but slow or no movement when market recovered. At one time its price was at 4 or 5 sent and stayed there for sometime then up to 7 or 8 sent and stayed there and now after so many years only at 12 to 14 sen when its pears at similar price last time have up way way beyond more so these companies not really making profit. If JKG is a making lost company then it's understandable the share price behaved in this way but it's not. Investors don't really get their dues from the investment in this company. Much of the money profited are kept with the company with directors getting their dues from yearly big allowances and benefits. I have been keeping this company shares for many years since its listing day with the company's name with a word of KELADI . Be generous enough to share the profit with the public who trade in this company.
Done all my purchases, JKG now overtake TekSeng as my largest holding. When the media starts to paint a pretty picture, low interest good for properties la, land bank revaluation la, again the old story of our property prices vs other asean region bla bla bla, then I do my selling lol
So what? Nothing has changed. Still no dividend? Thought VT is a miser but looks like Robert Tan is worse? Keeps all the profit for kaki lang & nothing for minority? CEO salary already RM1.3m, debt is not well covered by operating cash flow with net liabilities of more than RM151 million. Insiders already controls 75% & shareholders spread only 25%. Just remain in jail & beware of the Shark's squeeze until high & dry!
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....
SemutApi
94 posts
Posted by SemutApi > 2021-04-19 20:50 | Report Abuse
Bought at RM0.120 least week and sold today as to reposition.