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Give very good dividends. Current price is a steal. Buy to keep. Doubt the Malaysian tycoon want his shares to have a death sentence (share consolidation).
Hey, I am in too.
Don' t worry, this co belongs to the Malaysia tycoon
lol am i the only one watching this stock?
The renewal of the Share Buy-Back Mandate was approved by the Shareholders at the Extraordinary General Meeting held on 27 October 2015. As at 27 October 2015, the issued share capital of the Company consists of 677,300,000 ordinary shares. After the share buy-back carried out on 18 March 2016, the issued share capital of the Company consists of 673,800,000 ordinary shares (excluding the shares repurchase)
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Took some to join the party! :DThe renewal of the Share Buy-Back Mandate was approved by the Shareholders at the Extraordinary General Meeting held on 27 October 2015. As at 27 October 2015, the issued share capital of the Company consists of 677,300,000 ordinary shares. After the share buy-back carried out on 18 March 2016, the issued share capital of the Company consists of 673,800,000 ordinary shares (excluding the shares repur
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Took some to join the party! :D
DOUBLE BOTTOM REVERSAL ???
should not compare each crisis to another crisis.
many factors in play.
i stand by market capitulation
err.. even big retailer like yaohan or emporium also collapsed during an financial meltdown, so I think the price reflects that fear that IF the next financial crisis hits, the same thing could happen.
Of course if there is no financial crisis as feared, then this stock may be a bargain...
Know-Your-Stuff ( Date: 10-Mar-2016 10:29) Posted:
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as a trader myself, this stock is a classical case of market capitulation.
Got some at 0.157 today.
let' s see how it goes. :)
Parkson retail group has its retail department store businesses in a few countries including China, Malaysia, Vietnam, Indonesia and Myanmar. Its total number of stores spanning these countries is around 130. Even though it has been expanding its footprint in the number of department stores since it started its first store in 1987 and now has many stores over many geographical areas, its revenues seem to have stagnanted over the past 4 years. Its earnings before interest, tax, depreciation and amortization (EBITDA) has been decreasing gradually at around 10% per annum over the past 4 years.
Its retained earnings carried on its balance sheet shows a decreasing trend over the past 3 years with the most significant decrease by 50% from FY2014 to FY2015. It seems the company either has good reason for not retaining its earnings over the past 3 years or it could be facing difficulty to do so. Cashflows wise, the group is still having positive operating cashflows for its business.
Its share price has been beaten down over the past one year probably due to its most recent FY2015 financial report which was out middle of last year which shows an earnings loss due to a one-off non-recurring item (disposal of an assosiate). If we exclude this non-recurring item, the pro-forma EBITDA even though is still positive earnings still shows a decrease in earnings from FY2014 to FY2015. This tells us the market will definitely react to adverse news of a company most of the time (if not all the time) and this shows up in the decrease in share price as some shareholders sell their shares.
Let' s see how this group will perform for the rest of this year until June 2016 which is the close of their current financial accounting year.
I would say a BUY
I was really curious since a lonely soul keep shouting buy buy buy. So I dig deeper into the financial statement. Ha. The Trade and Other Payables is $147M. This would wipe out everything else, Cash on hand and dividend may not sustain.
In retail, companies rec' d cash from customers over the counter but they buy on credit from their suppilers aka debts which ultimatley has to be paid. So the usual financial matrix may not apply. So DYODD.
History tells us that if a share drop like this,it usually means something is really wrong with a company. Something that insider know but we don' t. Be careful.
wow, this counter got nearly 16 cents per share cash? what it does? retail business? perhaps something fundamental could be wrong if their share price keep dropping.. their bottomline profit seems to be falling
edwinjup ( Date: 10-Mar-2016 07:30) Posted:
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LOAD UP !!!!
Watch this gem
IF A 4 CENTS DIVIDEND IS DISH OUT AGAIN.. AT BOOK VALUE OF 27 CENTS..IT IS STILL A WHOPPING 15% YIELD
MINIMUM AT CURRENT SHARE PRICE OF 17 CENTS..THIS GEM IS ABLE TO GENERATE A YIELD OF AT LEAST 12%
This hem should surge back above its book value/NTA of 27 cents
edwinjup ( Date: 10-Mar-2016 07:30) Posted:
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I really dont know why this joker drop from 30c plus to 15c....bbs dump and pump ?.still stuck some from 17-20c......
danger ( Date: 10-Mar-2016 07:26) Posted:
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Set against a distinctly mixed global backdrop, the outlook for Asia&rsquo s consumer goods and retail sector represents a bright spot.
Sales growth in the region will be the fastest in the world over the next five years, averaging 8.5% in US dollar terms and 4.6% in average volume terms.
This compares to global average rates of 5.6% and 3% respectively and to Western European rates of 0.6% and 0.8% respectively.
By 2018, Asian retail sales are expected to amount to over US$10 trillion,2 almost half of the US$23 trillion in sales generated by the world&rsquo s 60 largest economies and twice
that of North America, the next largest region.