this co has been managed like persendirian/enterprise style all these while. Make money also won't gib dividend. Only god knows where the profits goes to. Is it really used for their R&D, expansion??? only they knows, but previously made so much profits, please la give back to share holder aka dividends. But seems like more interested to keep all and no gib back. Like that who want to invest long term la. I think the mgmt knows it pretty well.
Haizzzzzz....all the investment now being diluted now. Is this an act of t u h a n ?
@Ivanlau, agreed, however, BWK has been disposing his share quite frequently, seems to play himself out this time. To the lay man on the street, it doesn't look like a 0.70 sen stock. It looks more like a penny stock now.
@eky7931, I guess it's abit late, but better than nothing. Now the price level is same as competitor G H L.... Heard that some foreign fund had sold off quite a number of share in this counter, not sure what's the reason. Thus the spike down south, but anyway. good luck, everyone. make sure you have your risk managed.
IPO price = Issue Price = 0.37. At that time was on ACE Market. Now on Main. Don't know how much it's worth. But one thing for sure, every year makes $_$ However, when comes to rewarding its investors, errrrmmmm....judge for yourself. The future of digital payment are there, but comes to creativity and innovation, don't really see from it. Many players are coming into picture, am sure they'll bring in more innovation. Will this counter become penny stock soon ? I don't know......
@AlEx2020, curious? Its so evidently open now the seller even a blind person also knows who that person is :D ......someone is disposing about 1,xxx,xxx openly in the market. Go figure it out who that person is.......
@Besafe, you should compliment Blow water King for his nice tactic. Else how to make profits out of small time investors.
I think the theoretical price for now is heading down south, unless suddenly somehow somewhere in this world, some country is re-opening back its border to international traveller. Else, nothing much can be seen/hear here.
Anyway, below is one of the questions asked in Gamuda AGM:
"Question 24 Will the company be doing bonus issue to reward long term shareholders, but not to dilute share’s value? What other financial effort can be done to reward the shareholders? Our Response -> We understand the phenomenon of bonus issue affecting the share price. But by and large, bonus issue is an accounting mechanism to modify the number of issued shares of a particular company. In substance, a bonus issue does not modify the value of the company. For Gamuda, we prefer to reward our shareholders in a more substantive way. Last year, we suspended our annual dividend payout. This year, we have resumed the normal dividend payout amounting to 12 sen. On top of this, once Gamuda complete the highway sale, Gamuda will pay RM1bil worth of special dividend. By and large, shareholders can expect a bountiful dividend payout this year."