Oh, I have not thought about it, SALAM, need to work out on the profit effect on the disposal of treasury shares, it is very interesting. Thank you very much!
The disposal was done in April & May, it should be reflected in June QR.
I will still only consider core profit & won't change my TP. But it is very positive to the cash flow of the company since the disposal of treasury shares generated fresh cash of 31mil.
May be we can expect something good from the extra cash generated, say special dividend or higher interim dividend? We will know in the coming QR announcement later before end of May :)
After China, the next one will be India market. All my India customer if visited Malaysia and tried Oldtown, will fall in love. 1 person will buy at least 5 packets to bring home..
Tmall.com (Chinese: 天猫; pinyin: Tiānmāo), formerly Taobao Mall, is a Chinese-language website for business-to-consumer (B2C) online retail, spun off from Taobao, operated in China by Alibaba Group. It is a platform for local Chinese and international businesses to sell brand name goods to consumers in mainland China, Hong Kong, Macau and Taiwan.
The buyers of the treasury shares are likely Funds and reason for the share price to be higher is tge demand exceeded the 11m treasury. Co is sound with rm200m cash in kitty. Also institutionalising the shareholding will stabilise its share. Good all round
no consider someone's conspiracy, make your own decision.on the business ,i believe it ,company do the good job for the brand,let people know it ,i believe it will be next coca-cola.i got this share position,so i dont care if it drop much.i still can hold it.ibelive it can fly.
exactly what people said when cscstel sold its treasury share at high price. end up no bonus issue but big negative surprise on its querterly report. don't simply speculate here.
Posted by cruger12345 > May 9, 2017 10:40 PM | Report Abuse
Selling treasury share in paving the way for bonus issue and share split
Old Town should come out with 猫山王 白咖啡 :) As a 送礼嘉品, since musangking durian gain its popularity. .. Products uniquely is a way to differentiate tool from others competitors.
My Observation: Chua Tee Yong said export of white coffee in 2016 was RM1.2bil. Ong Ka Chuan said export of white coffee in first 3 months of 2017 was RM500mil.
moneySIFU, even if Oldtown maintain EPS 5.4 for coming quarters, the reasonable price for Oldtown should be around 4.2 (0.21*20(PER) = 4.2) Since previously you also mentioned f&b trade under PER x20 is reasonable. Hopefully coming quarter result is given better grade for this gem!
On point No.1, It is not wrong to make any assumption when company is buying or selling its treasury shares, but buying or selling treasury shares does not mean the company is good or bad.
Author thinks it's time to sell when company has sold its treasury shares, my question is: what about if the company is buying its own shares? Time to follow & buy?
Nope, no one will buy just because the company is doing so. There are more important factors investors will consider before making decision:
The prospect, price & value of the company/business
On point 3, I am not sure why the company reduced its spending on "Purchase of trading merchandise, food, beverages and consumables".
May be the Company changed its strategy not to spend so much on the free goodies but spend somewhere else OR the company gets cheaper supplies of these items, so spend less?
But author never gave his assumption but assume this was something not supposed to happen & it will back to where it was.
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Posted by Star8888 > 2017-05-08 10:34 | Report Abuse
Big like to moneySIFU, congrates.