Why Franklin Resources keep disposing if the result is good?
25-May-2017 Insider FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 316,400 shares on 23-May-2017. 25-May-2017 Quarter Result Quarter Result on 31-Mar-2017[#4] QoQ - -59.31% YoY - -46.03%. 24-May-2017 Insider FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 368,000 shares on 22-May-2017. 23-May-2017 Insider FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 284,400 shares on 19-May-2017. 22-May-2017 Insider FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 146,800 shares on 18-May-2017. https://klse.i3investor.com/servlets/forum/800001942.jsp
Some OldTown cafe is really not good. They need to put in more training for their staffs as some outlet not seems to understand making coffee must use boiling water. Furthermore, no specialty on their food. The most basic item, "roti bakar" is worse than any other coffee shop. Too stingy on their kaya and butter. As many ppl go OldTown for coffee, they need to improve on their basic toast, improve the kaya quality and cannot be too stingy. These basic things can easily bring up or bring down their brand. Besides, OldTown cafe's Wi-Fi is lousy. The management need to subscribe better Wi-Fi. With this type of lousy services, I expect their cafe might not making money but I don't expect it is making a big loss.
Prov. Of doubtful debts in cafe chain might be closed down of franchise cafe chain. Can cafe chain give you credit sales? This might be one off expenses, also can be recurring if the shop keep on closed down. Overprice with pe x 20 times. Where got ppl want to invest cafe chain / coffee with return waiting of 20 years due to inconsistent earning.
Market is pricing oldtown kopi to make RM 100m net profit every year. Now the growth story is less rosy expect kopi to go down. Kopi o kopi o ohhhhhh kopi o!
moneysifu. Thanks for your input. I choose to sell and find others counter. Thanks for your hardwork. I do agree that the result is not so bad. But I opt to cash out and use the capital on stg else.
optimus9199, u really believe he bought 3.07 and 3.11? he probably accumulated way much lower and have unloaded all and just left forum. lesson to all, when sudd blog and articles are released in tandem in price push, just be cautious and do more alternative research. the article is good, solid facts and figures. but sometimes the intentions are questionable.
Any share with sudden gap up for no apparent reasons , must be very careful of insiders job . Do not chase up coz u may get trap with no clue of how it has happened. Be contented not holding the share coz may be another day , u can buy it at a more reasonable price. Just be patience.
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Posted by limch > 2017-05-26 02:55 | Report Abuse
Why Franklin Resources keep disposing if the result is good?
25-May-2017
Insider
FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 316,400 shares on 23-May-2017.
25-May-2017
Quarter Result
Quarter Result on 31-Mar-2017[#4] QoQ - -59.31% YoY - -46.03%.
24-May-2017
Insider
FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 368,000 shares on 22-May-2017.
23-May-2017
Insider
FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 284,400 shares on 19-May-2017.
22-May-2017
Insider
FRANKLIN RESOURCES, INC (a substantial shareholder) disposed 146,800 shares on 18-May-2017.
https://klse.i3investor.com/servlets/forum/800001942.jsp