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 RCECAP (9296), Legalize Ah Long

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topearn
post Aug 28 2013, 09:57 PM

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Holy Cow ! Price is so low now...closed at RM0.26 today. So is it good to go in now since dirt cheap ?
15% dividend means paying RM0.15 per share ? Oh, it's RM0.10 per share, so 15% dividend means only get RM0.015 cents per share - 1 1/2 cents per share only, sucks !

This post has been edited by topearn: Aug 28 2013, 10:04 PM
topearn
post Aug 28 2013, 10:21 PM

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Quarterly rpt on consolidated results for the financial period ended 30/6/2013 -

Profit/(loss) attributable to ordinary equity holders of the parent

-$27,781,000

Made $27.7million loss yet still paying dididends ? Very strannge !
topearn
post Aug 28 2013, 10:31 PM

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QUOTE(wil-i-am @ Aug 28 2013, 10:23 PM)
Y not
They utilized prior year profits to pay ma  icon_idea.gif
*

I know....but it's does not sound right.....company making losses but still want to pay dividends.

The financials are sucks - last year made $101m after tax, this year made only $9m.

Better not touch this share.

topearn
post Aug 28 2013, 10:44 PM

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QUOTE(wil-i-am @ Aug 28 2013, 10:34 PM)
They also just completed Rights Issue xercise last year
*

What has rights issue got to do with profit dropping from $101m to $9m ?

topearn
post Nov 7 2013, 11:53 PM

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QUOTE(wil-i-am @ Nov 7 2013, 10:28 PM)
EX-date 25/11/2013 
Entitlement date 27/11/2013 
Entitlement time 05:00:00 PM 
Entitlement subject Others
Entitlement description Non-cumulative preferential dividend of 20%
Period of interest payment to 
Financial Year End 
Share transfer book & register of members will be  to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel No.: 03-2264 3883
Payment date  04/12/2013
*

What is this offer actually ? Paid 20% dividend every year ? For how many years div will be paid ?


 

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