Life is wonderful.
Life is grand.
Blogged previously: Share BuyBacks: Parkson Holdings Part II. As mentioned in that posting, Parkson Holdings had spend a fortune in its share buybacks program.
Now if my data entry is not too way off, Parkson splashed out a whopping 93 million ringgit on this incredible share buy back program.
And of course, with the recent happy shooting stock markets globally, Parkson Holdings last traded at 5.40, which means that these share buy backs could mean that Parkson Holdings is sitting on a nice tidy profit. That's of course is good news for Parkson and it's minority shareholders.
How can complain?
Who wants to complain?
LOL!
Of course, unless it's me.
Now do you know that another party is so happy with this outcome.
So happy that they are disposing their shares. Take a look.
03/08/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 31/07/2009 445,200 5.358
Disposed 31/07/2009 230,000 5.358
31/07/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 30/07/2009 554,800 5.350
29/07/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 28/07/2009 1,000,000 5.385
20/07/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 15/07/2009 1,500,000 5.005
Disposed 16/07/2009 29,000 5.100
Disposed 17/07/2009 1,600,000 5.050
03/07/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 26/06/2009 1,000,000 4.980
Disposed 29/06/2009 1,000,000 5.001
Disposed 02/07/2009 146,300 5.021
25/06/2009 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
- Disposed 19/06/2009 1,000,000 4.704
17/06/2009 Changes in Sub. S-hldr's Int. (29B) - TAN SRI CHENG HENG JEM
- Disposed 10/06/2009 3,556,000 4.844
Disposed 11/06/2009 1,832,000 4.806
Disposed 12/06/2009 1,168,000 4.764
Disposed 15/06/2009 180,300 4.800
Disposed 16/06/2009 1,819,700 4.707
And the list goes on....
How?
Is the reason for Parkson's share buybacks so that the majority shareholders can dispose their shares?
How nice!
Now isn't this why you need to be a long term insider in Parkson. So says the expert! LOL!
Life is grand!
Posts
4 comments:
the co last bought on 31 march.Pls give a fair reporting.
Jitseng,
How unfair is this????
Take a look at this posting: http://whereiszemoola.blogspot.com/2009/07/share-buybacks-parkson-holdings-part-ii.html
In that table, I had highlighted this fact.
Did I not state it in the last entry?
Now ask yourself this.
Did Parkson NOT spend so much money in its share buyback program?
Is a total of 93 million not big?
And consider this...
After all these share buybacks, the company boss is now disposing their shares like plague.
Is this not a fact?
How would you interpret this?
Would it be wrong if one suggests that the share buybacks is now benefiting the shareholder?
Without the recent buybacks, would the owner be able to dispose their shares at current prices?
Now good for you because that issue is debatable. If you think this is NOT wrong, well good news for you. It's NOT wrong. :D
And if you think it is wrong to suggest this, then it is wrong and it is flawed.
oh... btw... no worried that the owner is disposing so much of his shares? Owner need money? Or shares way over-valued?
Me? I have no idea. :D
See!
Parkson is up 16 sen.
Life is simply Grand!
:)
jitseng,
ps.. since you like fair reporting, I am curious, why you did not comment on this posting: http://whereiszemoola.blogspot.com/2009/07/this-companys-earnings-soared-27-fold.html
Or how about them countless 'according to sources' reporting that you read in our media. You are aware yes?
:)
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