Posted by benhctan > 2013-05-28 16:37 | Report Abuse

Sell on dividend news.Provided the pullback don't pierce 0.81 cts then the price will fluctuate around today's range.
The treasury shares will be injected back into the market and later the supply situation will be back to square one.
That's why the AGM requires investors to approve buy back scheme again.

Posted by Jien Han > 2013-05-29 23:46 | Report Abuse

TP of RM0.95 possible in short term?

Posted by Jeff Lim > 2013-05-30 05:25 | Report Abuse

Buy back at 0.79 or below n keep for next rebound....

Posted by Abudance > 2013-05-30 12:41 | Report Abuse

They have had no dividend payment. Only share split in 2010. Ben, please share your news source on dividend payout, please, thanks

Posted by Sdrg > 2013-05-30 13:33 | Report Abuse

1 treasury share for every 30 ordinary shares held. Check the bursa announcements.

Posted by Abudance > 2013-05-30 14:23 | Report Abuse

What does this mean? Treasury is BN, right? So, we don't get any dividends paid to us.

Posted by Titicamara > 2013-05-30 15:14 | Report Abuse

The Board of Directors of FITTERS wishes to announce that the Company has on 21 May 2013 disposed of the entire 10,500,000 ordinary shares of RM1.00 each (“Sale Shares”) representing 100% equity interest in Solid Orient Holdings Sdn. Bhd. (“Solid Orient”) to Future NRG Sdn. Bhd. (“Future NRG”) for a total cash consideration of RM10,500,000 (“Disposal of Solid Orient”). Following the disposal, Solid Orient will become a wholly-owned subsidiary of Future FNRG, which in turn is a wholly-owned subsidiary of FITTERS.
Future NRG is principally involved in renewable energy development. The business activity of Solid Orient is oil palm processing.

The Disposal of Solid Orient will not have any significant effect on the earnings per share or net assets per share of the FITTERS Group for the financial year ending 31 December 2013.

The Disposal of Solid Orient is not subject to the approval of the shareholders of FITTERS.

Save for Dato’ Wong Swee Yee, who is a Director and major shareholder of the Company and also a Director of Solid Orient and Future NRG, none of the Directors or persons connected to the Directors and/or major shareholders of FITTERS has any interest, direct or indirect, in the Disposal of Solid Orient.

The highest percentage ratio applicable to the Disposal of Solid Orient pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 6.6%.

The letter from Inland Revenue Board for stamp duty exemption was received on 29 May 2013.


What was that all about?

Posted by solomonhans > 2013-05-31 10:00 | Report Abuse

Entered @0.635 waiting for 0.95

Posted by Sdrg > 2013-05-31 14:50 | Report Abuse

Titicamara..... left pocket, right pocket.... nothing much just looks like stream lining thats all...

Posted by Titicamara > 2013-05-31 14:55 | Report Abuse

Thanks for the clarification sdrg.

Posted by Yuzuki > 2013-05-31 14:57 | Report Abuse

lol classic case of a downtown man trying to court an uptown girl ....

Posted by benhctan > 2013-05-31 15:26 | Report Abuse

Which is better cash dividends or treasury shares?
Cash give us the pleasure to enjoy on Saturday night.Treasury shares as dividend means not giving us the company's profit.What say you?

Posted by Jeff Lim > 2013-06-07 21:21 | Report Abuse

Fitters will hit new high of 0.85 next week

Posted by alkop > 2013-06-07 21:29 | Report Abuse

from my observation ..few days purposely press down below 0.80 n touches 0.78-079..as if one or two parties doing the job to control the price n accumulate stocks at this price with low n moderate volume..so next week i agree wit u ..fitters rises....gud luck

Posted by Jeff Lim > 2013-06-14 22:29 | Report Abuse

Bull run for fitters is game over... better focus on others counters

Posted by charlie chia > 2013-06-14 23:23 | Report Abuse

Game not over yet
Divided in term of shares
1 share for every 30 held
X on 27 jun
Credit on 1 july

Posted by Abudance > 2013-06-15 10:26 | Report Abuse

That doesn't sound good! So the price of fitters will go down when treasury shares are given! Eg if bought 10 shares at 81 sen, the giving of 1 treasury pice is a out 0.003% and then price of fitters will. Also drop! Am I right to think this way? Anyone can help advice me? Thankd

Posted by alkop > 2013-06-15 11:07 | Report Abuse

tq....yes need somebody who can clarify the impact of the treasury shares...last friday management aquiring the shares at 0.795...welcome ur help...tq

Posted by benhctan > 2013-06-15 12:29 | Report Abuse

1 lot treasury shares distribution has no impact at all on the share price.
Open market buying by the company shareholders is an ongoing process which will benefit investors in the long run for this company specifically compared to other listed companies.
The company is getting more diversified now venturing into big property projects in Rawang.
Assume current price 0.790 bought,ex dividend will be about 0.76 which is around the NTA.This is the reason why it is not breaking the 0.85 and onward to 0.95 as yet.
The final support price will be 0.72 but hard to come by.
After dividend payout,investors can expect more positive announcement which will enhance the share value.
Current pullback is an opportunity buy call for those who missed the first spike up.
This is a typical good investment in value stock with many scheduled activities on the card.

Posted by alkop > 2013-06-15 12:41 | Report Abuse

tq..benchtan...be4 u send this info ...as if i can see u coming to help clarify the matter.. u r gud fren..gud job..tq very much

Posted by mery > 2013-06-16 11:45 | Report Abuse

请问1:30股息怎么算，是不是1000股=0.03.是否可帮解答。谢谢。

Posted by ohy2012 > 2013-06-16 11:53 | Report Abuse

应该是100：3000，换句话说是1000股等于33.33（100除3）。

Posted by benhctan > 2013-06-16 11:58 | Report Abuse

免费一股如果有三十股在手..0.03股利..你是对的.

Posted by mery > 2013-06-16 14:43 | Report Abuse

有点乱，25000股的话，利息是多少呢？谢谢。

Posted by ohy2012 > 2013-06-16 15:02 | Report Abuse

25,000 应得　８３３．２５（25X33.33）,整数是８３３股利。

Posted by mery > 2013-06-16 15:56 | Report Abuse

哦，好，谢谢。

Posted by Abudance > 2013-06-16 16:15 | Report Abuse

Ben, what activities fitters for lined up? They haven't been giving good dividends and it had been rm1 below share all this while. Can elaborate their activities, please?
Also if they pay right pocket to left pocket .... Shareholders get nothing!

Posted by Flash > 2013-06-18 04:56 | Report Abuse

http://klse.i3investor.com/servlets/anpth/917612.jsp

Posted by Titicamara > 2013-06-18 16:13 | Report Abuse

KUALA LUMPUR: Shares of Fitters Diversified rose to a high of 81 sen in early Tuesday following its venture into the renewable energy sector.

At 9.52am, Fitters rose 1.5 sen to 81 sen. There were 5.42 million shares traded at prices at prices ranging from 78.5 sen to 81 sen.

The FBM KLCI fell 5.37 points to 1,766.80. Turnover was 370.07 million shares valued at RM252.91mil. There were 195 gainers, 199 losers and 213 counters unchanged.

On Monday, Fitters announced it was venturing into the renewable energy sector by acquiring plantation land and assets for a total consideration of RM52mil.

Posted by Flash > 2013-06-20 21:31 | Report Abuse

dividend in the form of bonus issues are brilliant..one of the reason i like this stock is the superb management of its cash flow and its bright future outlook on renewable energy:) good on long term holding

Posted by benhctan > 2013-06-20 21:48 | Report Abuse

Hopefully the company will reward shareholders with bonus when they merge their fire fighting entity and list under a New Company.

Meanwhile it's still pending valuation of the businesses of both side and expect more excitement towards the next financial year.
Property and biomass are two areas of aggressive diversification which will boost the bottom line of the company.

Posted by Steve Jub > 2013-07-04 08:53 | Report Abuse

ya why this stock earn good money but zero dividend?

Posted by Titicamara > 2013-07-04 09:09 | Report Abuse

It is because they have invested all their available free cash flow back into the business.

Posted by Steve Jub > 2013-07-04 09:17 | Report Abuse

wa hmm...

Posted by Eiffel Wong > 2013-07-04 11:55 | Report Abuse

they do distribute dividend this time=) undervalued a this stock

Posted by Steve Jub > 2013-07-04 12:59 | Report Abuse

wong when ah?

Posted by Eiffel Wong > 2013-07-04 14:39 | Report Abuse

distribute oledi, expired date is 27/6/2013, 12/7/2013 distribute dividend!

Posted by Steve Jub > 2013-07-04 15:53 | Report Abuse

oh i see...how's the dividend yield %?

Posted by Eiffel Wong > 2013-07-04 15:56 | Report Abuse

every 30 dividend give u 1 dividend, means 3.33% now, the final dividend mayb distribute at the year end. I love the business they involve!

Posted by moneyking96 > 2013-07-04 22:03 | Report Abuse

Tmr carry up uptrend

Posted by charlie chia > 2013-07-04 23:13 | Report Abuse

Then goodlah
Waiting to break 90 cents

Posted by kcfan > 2013-07-05 20:20 | Report Abuse

collect more by today.

Posted by slts > 2013-07-06 06:21 | Report Abuse

me holding 240lots at ave 0.815
for sometime already
am currently wounded emotionally

Posted by kcloh7 > 2013-07-06 10:43 |

Post removed.Why?

Posted by Titicamara > 2013-07-15 06:24 | Report Abuse

http://www.fittersgroup.com/News.aspx?g=news&id=51

Don't worry slts, they are expecting to achieve 20% growth in net profit this year. Price will always follow the earnings in the long run.

Posted by Eiffel Wong > 2013-07-15 20:38 | Report Abuse

Agree!:)

Posted by alkop > 2013-07-15 22:07 | Report Abuse

Any frenz here know about the treasury dividen already ex date..Is it in money form or share units..pls clarify...tq

Posted by charlie chia > 2013-07-15 22:13 | Report Abuse

Share form

Posted by alkop > 2013-07-15 22:17 | Report Abuse

Tq..bro Charlie chia...wish u all the best in life

Posted by Jeff Lim > 2013-07-16 11:12 | Report Abuse

time to collect Fitters now ....