Shares buyback now reach 2.7%. Beside dividend 1.5sen there is possibility of receiving share dividend as well. Despite having high borrowing RCE interest income is more than interest expense in the balance sheet. Latest quarter interest income is RM 2.1million vs RM 7K for interest expense, so continuous shares buyback is not a problem as deposits with licensed financial institution remain a high 288million.
Today like breakout from 32sen after so long. wploun, I cannot remember which 6 but 4 counters likely to carry out shares buyback almost everyday beside RceCap are Parkson, Hap Seng & HaiO. Among them RceCap is the cheapest in share price.
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....
Taka
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Posted by Taka > 2014-05-22 21:00 | Report Abuse
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