The price of Nestle Malaysia peaked for a short time to RM80.00 in late last year and then dropped to RM 74.80 as of today ( 19/1/2017). Being the highest stock price in KLCI, it is time that consideration being given to give 1:1 bonus or rights issue of 1:1 at around RM40.00 would benefit both the Company and share holders. I have no history of the previous bonus or rights issues to give more details. This matter was raised by a share holder in 2016 AGM but it was turned down. I hope due consideration will be given for approval at the AGM 2017. Best regards. Abraham David Thanaraj AMN.
Urgent Notice from Abraham David Thanaraj AMN to Nestle Malaysia. Sent on Sunday 26/3/2017.
To date no information
URGENT NOTICE TO NESTLE MALAYSIA
With deep regret to inform that to date no information found in Nestle Malaysia (NM)'s web pages on NM's AGM 2017 and its venue. Also in one web page, the AGM is published to be on 26/3/2017 which is today, a Sunday. Why? Also no document announcement received by mail from Registrar. Please call tomorrow morning on 27/3/2017, David at H/p 016 2176947 or Jessie H/p 016 2106947 - both shareholders and confirm the new AGM date and venue.
I appreciate your cooperation to resolve the inevitable error. Thanks. Abraham David Thanaraj AMN
Nestle's Agm is on 27/4/2017. Coming final dividend of 130 cts per share makes a total dividend of 270 cts this year. Entitlement date = 18/5/2017; payment date =8/6/2017; Dy= 270/8000 X 100= 3.4% pa. To bring down the current highest price of RM 80.00 to a more acceptable price of say RM 70.00, i hope Nestle managment will consider to give a bonus of 1:1 or 1:2 or rights issue at RM 60.00 per share. Abraham David.
Expect price to reach 100.00 by year end. Fund managers will grab this stock since the value of ringgit is shrinking.
Wah. Nestle highest for the year peaked at 102.40. Every shareholder looking forward to Bonus. By next agm, Nestle may announce a Bonus issue. How to buy such expensive stock. I think this stock will match McDonald & Coca cola of USA.
Nestle is even higher now. Close at 105.60. Every shareholder still dreaming of bonus. Lpi and Bursa has already propose Bonus issue but not this high class stock.
The sudden increase of Nestle share to RM 116.60 today may not be sustained forever. Question arises if Nestle will attempt to intervene by having a bonus or rights issue declared to further check the share price.So far there is no sign for Nestle to make any announcement.
This Abraham is talking too much