You are asking whether it is expensive when you bought it. You bought it after the stock split 5 ways, which is when it was pushed up higher by speculators. I would say RM7 would be the best rpice to buy it, RM8 would be too expensive during that time. But looks like you got it fairly. So it is not overly expensive when you bought it.

This post has been edited by skiddtrader: Jan 13 2008, 01:01 PM

Hmmm normally it is not fixed one so I doubt there is a list of companies and their release dates. But it can roughly be guessed based on past releases. Check the Bursa webpage and their historical announcements, you can see the dates are roughly near the same time year in year out. But occasionally might be earlier or later.

Most dividends are quoted either before tax or tax exempt. Rarely or never they will quote after tax because for each individual the tax bracket might be different.

Genting touch RM5.95 already.

hmmm this got me thinking who would buy a power company or rather which company has enough cash in hand and is interested in the utility business. And the only names I can think of is YTLPOWER.

ARTICLE ENTITLED: "GENTING TO SELL POWER ASSETS"
We refer to the verbal query from Encik Marzuki of Bursa Malaysia Securities
Berhad to Genting Berhad ("Genting") pertaining to the above news article
appearing on the front page of The Edge Financial Daily on Wednesday, 28 May
2008.
Genting wishes to confirm that it has been approached by various parties for
the potential purchase of its power assets. As Genting is constantly reviewing
its portfolio of investments to assess the efficiency of its invested capital
and to optimise returns, it has had discussions with third parties to explore
opportunities as and when they are presented.
If there are any developments requiring an announcement to be made to Bursa
Malaysia Securities Berhad, Genting will make the appropriate announcement in
due course.
Yours faithfully
GENTING BERHAD
LOH BEE HONG
COMPANY SECRETARY

Windfall tax will only affect Genting's business a little bit I believe. I'm still not sure if the windfall tax is subjected to power generation in Malaysia or including their international utility business. Genting's main income is still derive from their casino and hotel business.

They have confirmed that 3rd parties are interested in their power business. And since they didn't say they don't intend to reject them means there is a big possibility their business might be sold if the price is right.

Hard to say. Last time when Genting sold their Cruise business, stocks rallied a bit I think because the cruise business was bleeding money. And Genting price also increased when they sold their paper business because the business although profitable, wasn't cost efficient.

In this case, the power business although not a main income for Genting group, it still provides a steady income to their group. So I believe if they manage to sell it at a nice price, Genting price will go up.

Hmm I always thought Genting's main aim is the online casino licenses the UK holds. Like William Hill which operates a variety of bets in the UK. With Gentings license in UK, they can operate the same online business in UK and the world I believe.

Yeah what's with that anyway? Maybe he meant something else though.

Need to OT a bit, talking about PER and price graphs/trends. Is there such thing as a PER graph/trend?

Dividend? Not worth to buy for dividend because it is insignificant amount. More like door gift the dividend. Their free vouchers are worth more than their dividends I think.

Declaration is like so revolutionary hehe

Most counters have their favourite dates for announcement. It is not fixed but the pattern can be seen from past announcements.

You can get their entire historical announcements up to 10 years back from Bursa website. Lazy link here.

Depends what you are waiting for. If you're waiting for it to hold steady, there is a chance of course. If waiting for it to go up, have to foresee what good may come in the coming months. If you are already commited your funds for long term (2-3 years), then why should you worry about short term effects.

Genting boss can pay himself how much he wants and still people will buy his shares. Who is the fool?

Anyway, doesn't matter really what he pays himself as long as everyone else get a share of the profits. You can put a monkey up there as long as it makes enough money to satisfy the shareholders. Once Genting makes a loss though, expect heads to roll.

You are confusing 2 different situations.

US only wants to control the amount of pay being paid to execs in companies which was rescued from bankruptcy. Companies who weren't rescued weren't bothered how much they want to pay their execs.

Company directors who do well should be rewarded well. Capping pay will only make them work as hard as they think the pay is worth. Imagine yourself being a paid employee, would you go all out and do everythng you can even though you aren't going to be rewarded or recognized for the effort? Maybe a social worker might do that, but these fellas are there for money, not social work.

Mr Lim is treating Genting as his personal company. And he likes to be paid handsomely. Its like sucking as much money as possible from the company because he knows he won't get as much from dividends. His entire board is his probably his family, so they'll approve it anyway. They'll be getting their share anyway.

Corporate governance is more on transparency and integrity. As far as I know this isn't a secret. It's for everyone to see and decide if they think it's worth their money to pay their CEO as much as the company wants. Board says yes, AGM says yes. What else is there?

It isn't something new nor something recently discovered right?

I kind of understand your beef with the issue, but to be honest it's nothing to shout about. What rights exactly are you talking about? Minority rights? Only rights we are entitled to are when we get the shaft. If the FF aren't making noise and they are the biggest minority, don't hope for anything.

The point comes back to whether or not you are bothered with the subject at hand where a CEO pays himself a lot more compared to his peers. Where almost the entire board of the company is his own family and the fact that the company is started by his late father. Most aren't really bothered because they don't feel like they are being robbed. They know that Genting shares aren't about dividend so they aren't bothered how much they are going to be paid.

Until the investors feel they are being robbed will they do something about it. If Genting is losing money every quarter while the CEO is still being paid big bucks, then YES, it is not resposible of him to do such a thing. Investors will feel robbed and will make noise at AGM. Until then, management which is his own family won't feel sorry nor unjustified to pay their CEO anything they want.

Investors has no right in this issue when they know what they are getting into. You don't complain about the waves when you go surfing.

Xeraph, I think they are more concerned about the fairness of the CEO's pay. Arguments including Genting not doing well in international business and dodgy business deals is just to highlight and enforce the argument that the CEO is actually not doing such a good job to deserve such a high pay.

And reason why he is paid so much and not much hype is maybe because whenever people accuse him "You think this is your FATHER's company ar??!!?"

He would say "Yalor, got problem ar??!!? " and then there is nothing to talk about anymore. hahaha


But corporate governance is more about the resposibility to shareholders. So as long as shareholders aren't bothered by it, nothing will be done.

To be honest, pay is a very subjective matter. I can't say it is fair or not although it seems substantial amount for anyone to be paid so much. The board decides what to pay. The board is approved by the shareholders. So it is as legal and fair as it can get.

Comparing other CEO pay range is not relevant. As some CEO is paid much less compared to their peers. I mean Google CEOs are paid like USD1 annually. Should we use that as a standard? So that point is groundless.

In what aspect of corporate governance, corporate ethics or corporate standards has been violated, I'm still not sure. There is no trial to demand the CEO explains his pay. And no reason why he should answer. That's his pay he quoted and the board approves it. End of story. If you don't trust the board, you shouldn't even trust the company much less put money into it.

Point is, our own greed to earn more money regardless of ethical or moral standards will make us feign ignorance to the matter just like most Genting investors will jump in at RM3 for a chance to earn big bucks. And so who are we as greedy as they are to talk of the subject. Are we taking a holier than thou stance?

'Corporate governance' is just a fancy word for 'take care of your shareholders feelings'. There is no law on it I believe. Need someone to confirm this.

Hmmm shareholders might say its high pay, but if CEO claims it's actually quite low for what he is doing and his board agrees. Then proposes higher pay for himself and board agrees again. Then what?

My question, is that a breach of corporate governance?

This post has been edited by skiddtrader: Sep 9 2009, 04:03 PM