KLSE (MYR): PINEPAC (1902)
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Last Price
0.29
Today's Change
+0.015 (5.45%)
Day's Change
0.27 - 0.29
Trading Volume
24,000
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They may submit request to Bursa to seek for further time extension beyond 2 Sept
2021-08-02 19:34
Pinepac is mulling doing selective capital reduction & repayment (SCR). Cash repayment 80sen per share and delist from Bursa Malaysia.
2021-10-12 22:05
Are you sure or not SCR at 80 Cts
Now only 57 Cts,
Tomorrow still can buy still have 40% profit
2021-10-12 22:11
Since Pinepac can't find new business to. Pinepac current cash on hand is around RM120Million. It is mulling doing selective capital reduction & repayment (SCR).
2021-10-12 22:16
I don't think the BOD will give in on this idea
They will find ways to inject in some rotten business for their own benefit
2021-10-12 22:19
mid term target 70 sen presently plantation sector is weak due to profit taking
2021-10-13 09:55
Pinepac will announce selective capital reduction & repayment (SCR). Share price slowly up.
2021-10-13 11:06
Let us attend the AGM to fire them for the mismanagement and lackadaisical attitude to identify new businesses for past 2 years.
Every quarter bleeding.
2021-10-13 12:54
Pinepac target 80sen. waiting selective capital reduction & repayment (SCR).
2021-10-14 08:10
last candle closed showed buying has somewhat tapered and selling is gaining strength; thus a retracement is imminent and likely to break down the 58 support
2021-10-16 09:57
sitting on cash, paying director fee every months, losing monthly every quarter...lousy counter
2022-04-24 12:32
A friend today asked me why would companys like Blue Dart etc de-list, i dint know the answer, searched for it and some googling gave the following possible reasons, any more possible reasons for the same are welcome
High promoter holding say 70%, will lead the promoters to think, why comply with all the listing requirements quarterly publishing of results, communication, analyst questions etc for the remaining 30% of the shares only, better to keep it in our own hands
If the company has now further plans of raising capital, then it might not make sense for them to remain listed, like most of the foreign MNC do for their Indian subsidiaries, when they feel that no more capital will be ever required by the business, they go for de-listing.
A company feels that they are undervalued and after trying to communicate the strength of their projects to the market, the fail to elicit the valuations, it would be better for them to de-list and rather go in for a PE funding/Private transaction in case future capital is required because the deal value will not be biased by the CMP.
2022-04-29 13:52
How many times and years is KLSE going to grant extention which depletes the Cash in hand. At this rate all monies will be slowly diverted to Indonesian plantations and eventually Malaysian small shareholders will get nothing.
2023-02-28 13:56
Three and half years have gone by and still no viable bussiness to be found in Malaysia.
Another extention in the offering by KLSE.
2023-04-01 18:13
According to Professor Damodaran, when you analyse cyclical companies, you have to look at the performance over the cycle. This is because the performance at any one time depends on where they in the cycle. Extrapolating from the current performance will lead to a misleading picture.
The palm oil sector is cyclical. As such when I look at the performance of plantation companies, I look at the past decade or more results to get the cyclical picture.
A good example is Pinehill Pacific, a Bursa plantation company. You can see from the chart that over the past 2 decades there was only one year with positive ROE. https://i.postimg.cc/0NgdV3YN/Pinehill.png
This is a terrible cyclical performance from a fundamental perspective. Why invest when there are better Bursa plantation companies? https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=27266
2023-12-26 10:09
alan55
directors and staff continue to take fat salary at expense of minority shareholders. We go in big number to fire them at next AGM and ask them to step down and appoint professionals to manage
wtf
2021-07-23 16:15