If the company does not buy back shares, the price will go up. But i think, in this coming 6 months, the company will stop buying share back and let the share price goes up. now is time to accumulate!
Wah, RCECAP is firmly establishing itself as the undisputed king for unfailingly buying back own shares every day for months through the year! Trading is just routine selling and buying own shares!
"A breach of the mid-term descending line of 37 sen, followed by a clear breakout of the relatively stiff barrier of 39 sen would give all of us the confirmation that this stock is on the way up, enroute to the 45.5-sen level or the upper 50-sen mark in the near term."
walao~~ possible or not... this kind of things like tipu1 leh >.< 1k share got 120rm...meaning 350rm got 120rm~~ 30% based on current price wor...@.@ mistake is it?
Could there be any mistake? Basing on their paid up capital of RM133,400,000 (or 1,334,000,000 shares at RM0.10), Special Div n Final Div of 120% means a payable div of RM160,080,000, they dont have this kind of cash in their balance sheet....As at 30 June 2015, their combined cash and deposit with banks is only RM81 million +
Current Assets Loans and receivables 150,676 Trade receivables 16,600 Other receivables, deposits and prepaid expenses 19,107 Deposits with licensed financial institutions 79,505 Cash and bank balances 7,235 Total Current Assets 273,123
RCE Capital related to Ambank..Ambank is a bank where Najib put his wang derma..plus..RCE Capital most of his clientele is Government ..i m not even surprise our Ketua Polis Negara could have his share also inside here..hahaha..just a make a joke..overall..Long term..this company has stable clientele unless..government dare to downsize by lay off 5000 people from its payroll..which i doubt..:)..
Current Liabilities Payables and accrued expenses 32,622 Hire-purchase payables 273 Borrowings 383,861 Tax liabilities 4,614 Total Current Liabilities 421,370 t
They short term borrowings of RM383 million is higher than their total current assets (RM273 million). Curious to know how they are able give a 120% Special n Final Div (RM160 millions).Unless got donation from somebody......
A final single-tier dividend of 15.0% (1.50 sen) on 1,271,122,095 ordinary shares amounting to RM19,066,831, in respect of the financial year ended 31 March 2015 will be proposed for shareholders' approval. Such dividend, if approved by the shareholders, will be accounted for in equity as appropriation of retained earnings in the financial year ending 31 March 2016.
On 6 August 2015, a special interim single-tier dividend of 105.0% (10.5 sen) on 1,271,122,095 ordinary shares amounting to RM133,467,820, in respect of the financial year ending 31 March 2016 has been approved by the directors, payable on 8 October 2015. Such dividend will beaccounted for in equity as appropriation of retained earnings in the financial year ending 31 March 2016
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....
yuanlong57
1,528 posts
Posted by yuanlong57 > 2015-03-27 21:16 | Report Abuse
Thanks Chinaman for positive input.