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New PSC Consolidated Shares Jilted by investors?
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hotokee
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26-May-2011 13:27
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Yeah, you done the right thing. For more than two solid years it hung on very narrow price range. Difficult and not worth your investing since it could not break up from its undervalued price. (Net asset per share is slightly above 50 cents, but it is trading at 26 cents.) CEO's wife bought from his friend (Super Grp) a common director, at a married deal of 48+ cents recently. Also CEO Allan always rushing through last AGM's resolutions thus giving little chance for questioning why.
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Hulumas
Supreme |
26-May-2011 13:20
Yells: "INVEST but not TRADE please!" |
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I start clearing out my holding of this counter!
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keepnosecrets
Master |
05-May-2009 11:45
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See lah, once some people get bonkers it contaminates you. The actual claim that was not mentioned to have been successful or not, should be in US$. US$39,186,747 claim for compensation against Potara in Thailand versus a counter claim by Potara for US$9,892,604.. Check it out: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_241249B25CAD6033482575A5000BE1EF/$file/LitigationbyitssubsidiaryHealthSolutionsMalaysiaagainstPotaraandPotalai.pdf?openelement Sorry for the error, but note this is not a call to buy or sell. Cheers. |
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keepnosecrets
Master |
05-May-2009 11:26
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Very good reason to keep this baby. I believe it is too underpriced even when it went to 26 cents yesterday, but for SGX's query which scare-crowed away the investors don't know why always like that, making it down to 20 cents again. Its subsidiary won a big court case to the tune of nearly SGD$36 Million. This money is not banana notes, please!!! Then there is a big buyer for the shares from another investor. Why discount all these, I don't understand.... |
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knightbridge
Veteran |
13-Apr-2009 21:00
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Check the balance for the stock figure... Food items got expiry date de... if havnt write off .. or close to expriy cannot return to vendor as good as 0 value.. Also the hypermarket is taking away its business indirectly... They got to find ways to boost the sales figure... NTUC fairprice Giant, Carrefour Sheng shiong.... Big hypermarket.. compare supplying to prov shop... Need to create new strategy for PSC to rise again.... |
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Laulan
Master |
13-Apr-2009 11:01
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Sorry conduct a course on how to question directors when it is absolutely necessary. Many people go to AGMs and SGM just to listen. It is pointless just to listen. Must ask many questions and don't let them cheat you by quickly saying "If there are no further question, I would like...." Stop them there!!!
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Laulan
Master |
13-Apr-2009 10:58
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Some learned people should consuct a course on how to fire bad directors at SGM or AGM. | ||||
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keepnosecrets
Master |
13-Apr-2009 10:57
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The idea is to keep these "freeloaders" directors from loading too much into their pockets without paying good attention to company profits and dividends to investors. Some
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Laulan
Master |
13-Apr-2009 10:44
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Seriously, we should have a new breed of shareholders whose role is to fire these inept people. | ||||
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keepnosecrets
Master |
13-Apr-2009 10:41
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Yea, 24th April is also AGM for Genting same time. I will be attending GentInt AGM and not PSC AGM. Shareholders going to PSC corp's AGM must now prepare a long list of questions for the directors. Inefficient and insensitive people are aplenty in many listed companies, so take them to tasks. Make them feel bad or even resign, better. |
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Laulan
Master |
13-Apr-2009 10:20
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PSC AGM clashes with Genting Internationals, so would not go to PSC AGM. But want to note one point. The PSC diorectors did not feel shameful to ask for the same amount of directors fees when profits plunged by half. Shareholders going to the meeting should lamblast them, please and don't vote for the increase. Also object to unreasonable proposals as set out for the meeting. Please do me a favour! Why are they like that? |
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Hulumas
Supreme |
14-May-2008 10:09
Yells: "INVEST but not TRADE please!" |
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Dear ET88888, Talking about NTA, PSC comparing to KXD case is far far different. KXD's NTA at Sgd. 0.156 while the price now at Sgd. 0.02 which is discounted by 87.18%, while having quite substantial retained earning which is not yet ready to be distributed as dividend???
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ET88888
Member |
14-May-2008 09:57
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The net tangible asset is 36.6 cents and the shares traded at 31 cents. No dividend given. It is about time share holders makes lots of noise. Management should at least give a good dividend of say 10 cents, this would have reduce the NTA to a fair value in relation to its share price. Must get SIAS your friendly watchdog to champion the cause. |
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terry138
Member |
29-Apr-2008 21:05
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this appeared to be a DIED DUCK ! Anyone have any update to share ? | ||||
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ekekeg
Veteran |
11-Mar-2008 16:46
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Super Coffeemix Manufacturing Limited has increased its share holding in PSC fron abt 7% to 8.01% quietly. Don't buy , just watch and look for news. Suspect M&A.If hear anything then can go, otherwise forget it. |
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chinton86
Veteran |
11-Mar-2008 16:39
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Good Advice : Don't invest in this. Use the money somewhere else | ||||
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ekekeg
Veteran |
11-Mar-2008 16:34
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Lucky for you loushare, ifyo hang on like many others you would have kena pay housing loan interests and still stuck. Congrats. | ||||
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loushare
Member |
11-Mar-2008 16:29
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Sold this lousy share before it consolidated a few shares into one. Use it thro CPF to pay off my housing loan. Free from PSC and housing loan. | ||||
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ekekeg
Veteran |
11-Mar-2008 16:16
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Seems that this counter is trying to move up to its net asset value of 35 cents. Juding from the singular supporter who used to place big orders, and collecting below the issue price of 33.5 cents, this counter might have been cornered. Not vested now, as I have sold off after rights issue. Thinking of buying soon. Anyone who has its TAs? | ||||
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ekekeg
Veteran |
15-Feb-2008 16:09
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The company is profitable and throws alot of money to shoppers (lucky draws at PSC outlets) but we the shareholders are losing our hard earned with the company. (in our holding its shares). | ||||
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