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crten Member Star
Total Cumulative Posts 7
Joined Jul 2023
Country MALAYSIA
Gender Male


Comments

 User Comments
Corporate

STOCK: RHBBANK (1066)

Blog 06 Mar 2024, 12:35:25 PM

Is the EPF an investment entity with long term strategy or has it down-graded itself to a retail investor ?

Between 16 Feb - 23 Feb 2024, it continuosly disposed of some 11.9 million RHB bank shares.

Then from 26 Feb - 29 Feb, it bought back some 6,73 million shares.

Corporate

STOCK: RHBBANK (1066)

Blog 23 Feb 2024, 11:57:44 AM

RHB BANK

What is there not to like about RHB bank  Financials are within industrial levels. Like any other banks main revenue is from fixed income portfolios.

There's one up for RHB bank with their multi-tier currency platform which is 24/7 modus operandi and with fair spread between buy and sell.  The platform generates non fixed income proportional to the number of accounts and the number of transactions and transaction value per account.  Huge income potential.

Corporate

STOCK: RAPID (7765)

Blog 12 Dec 2023, 11:35:05 AM

Another non dividend issuing stock. It is saying the substantial rise in share price since 2020 is good enough ?

 

 

Corporate

STOCK: BORNOIL (7036)

Blog 07 Nov 2023, 10:34:05 AM

PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK dd 31st oct 2023.

 

Quote:

The Listing Requirements stipulate that the proposed purchase by a listed company of its own shares must be made wholly out of the retained profits of the listed company. The maximum amount of funds to be allocated by the Company for the Proposed Renewal of Authority for Share Buy Back shall not exceed the total amount of retained profits available. Based
on the latest audited financial statements of Bornoil as at 30 June 2023, the Company has retained profits of RM172,765,834.  Unquote.

 

The Company decided it is better to effect share buy-back rather than issuance as dividend.

Ops I forgot "This is decided by the company based on its needs" not shareholders' need ha ha.

 

Forum

FORUM: SUNVIEW (0262)

Blog 30 Oct 2023, 8:42:20 PM

On 13th Oct 2023, BURSA approved the private placement application of 46.8 mln shares.

Between 23rd - 24th Oct 2023, substantial shareholders disposed of 93.75 mln shares.

Go figure.

Corporate

STOCK: BORNOIL (7036)

Blog 15 Jul 2023, 7:18:36 PM

DIVIDEND

Since March 2017 reporting, no dividend has ever been paid to investors. Investors funds was utilized but without benefit to the investors.  Missing a few quarters due to poor results is understandable but this is not.

Bursa Malaysia need to review / update the dividend policy of listed companies.

 

 

 


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