Current Market Price: RM 2.680
Summary of current announcements:
Announcement at 16/11/2010 : ...shall receive a cash amount of RM2.70 in consideration for the cancellation of every one (1) KSB Share held on the Entitlement Date... warrantholders of KSB of RM1.20 in cash for every one (1) warrant in KSB held (“KSB Warrant”) ...
Announcement at 15/11/2010 : SUSPENSION OF TRADING OF ORDINARY SHARES OF RM1.00 IN KSB AND THE ENTITLEMENT DATE FOR THE CAPITAL REPAYMENT PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“CAPITAL REPAYMENT”).
Announcement at 5 June 2009, 17 June 2009, 24 June 2009, 3 July 2009, 28 July 2009, 20 August 2009, 30 April 2010 and 2 July 2010:
(i) PROPOSED DISPOSAL OF THE ENTIRE BUSINESS ...
(ii) PROPOSED CAPITAL REPAYMENT PURSUANT...
| Financial Year End | EPS (sen) | Dividend (sen) | Net assets per share attributable to ordinary equity holders of the parent ($$) |
| 31/12/2010 (until Q2 only) | 22.37 | 10.0 | 3.1100 |
| 31/12/2010 | 34.53 | 5.0 | 2.9400 |
| 31/12/2010 | 48.17 | 10.00 | 2.6600 |
Recently, I found few not bad companies are going to de-listed. These may be bad news for us. In stock market, many strange things happen every working days. People love to put their money in companies just because their market price are very "exciting" (Up suddenly and down suddenly within few days) regarding their financial condition.
Besides, bad companies are trying their best to keep listed, but good companies are seeking opportunities to de-list from the broad. Why? It is very simple. Ask yourself: are you willing to share a good business with me? If you do not lack of money, it is impossible and no reason for you to share your business with other people. For risky business, on the other hand, owners can distribute their risk to public by listing the business. In return, owners should share their profits in term of dividend or bonus with their shareholders. In short, it is very silly if you are putting your money in a company which never ever gives dividend or bonus as a return to their shareholders.
That's all for today. Feel free to give me a comment about this topic or any suggestion about Xaivier Blog. It will be a great support to Xaivier Blog.
Written by: Xaivier Chia
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