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(23-10-2013, 09:43 AM)Kelvin Wrote: since share buy back stopped, share price has been slidding
its been a regular feature used by Pop directors to re-organise annual accounts leading up to AGM.
using buybacks as treasury shares keep SGX off the case, & bonus remuneration is also based on EPS anyway. dividends stays small but acceptable since its penny stocks.
What IS odd, is that for a 60% privately owned listed penny stock company, it attracts a fair amount of regular trading to hover around some small value target . Perhaps some very friendly broker at large?
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The property development business embarked does not bode well for the company. Think it is safe to say that it is a failure of diversification.
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Went to Borders at Westgate last night at about 9pm. No WOW factor, basically is just another Popular bookstore. The place is also quite small, and I don't see any sofa make available for seating like the old Borders. The Borders name remain, but the look and feel is gone for good.
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10-12-2013, 09:19 PM
(This post was last modified: 10-12-2013, 10:50 PM by pianist.)
(10-12-2013, 11:50 AM)freedom Wrote: The property development business embarked does not bode well for the company. Think it is safe to say that it is a failure of diversification.
no wonder the younger chou was stepped off the boardroom sometime ago?
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Disappointing results.
A company that would have done much better sticking to its core business. Diversification has not worked well for this company over the years.
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(25-08-2013, 08:51 AM)godjira1 Wrote: Ashuro - just curious, are you a businessman yourself? If you are not i would like to share with you something - it is important ALWAYS to explore avenues for growth/reinvention and be aggressive and be willing to take risks on that.
That is interestingly what I noticed is generally lacking in many business students at both undergrad and graduate lvls.
In that vein, Popular's "let a thousand flowers bloom" approach isn't wrong in itself but the execution i think could be better.
Disclosure: am not vested in popular.
now that popular has opened Borders (another popular lookalike), with the new Borders shop smelling cheap & nasty, & popular share price on a blatant smooth fall despite tinkering....where is godjira1 with his words of wisdom when popular needs him most??!!!
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so after bidding for the Borders name, opening a Popular style Borders shop in the centre, after megabucks condo development, enormous share buybacks, practically captive market on textbooks & stationery....the share price is returning a whopping annual return of ZERO %.
by year end it'll hover below $0.23
any other half baked company would have fired the executives. but hey, minority shareholders just have to suck it up.
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(11-12-2013, 08:03 AM)ashuro Wrote: (25-08-2013, 08:51 AM)godjira1 Wrote: Ashuro - just curious, are you a businessman yourself? If you are not i would like to share with you something - it is important ALWAYS to explore avenues for growth/reinvention and be aggressive and be willing to take risks on that.
That is interestingly what I noticed is generally lacking in many business students at both undergrad and graduate lvls.
In that vein, Popular's "let a thousand flowers bloom" approach isn't wrong in itself but the execution i think could be better.
Disclosure: am not vested in popular.
now that popular has opened Borders (another popular lookalike), with the new Borders shop smelling cheap & nasty, & popular share price on a blatant smooth fall despite tinkering....where is godjira1 with his words of wisdom when popular needs him most??!!!
i think he is explaining the rationale for them to take this diversification move. nothing wrong with that.
you seem to be more hyper and abrasive about the management
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(11-12-2013, 10:14 PM)ashuro Wrote: so after bidding for the Borders name, opening a Popular style Borders shop in the centre, after megabucks condo development, enormous share buybacks, practically captive market on textbooks & stationery....the share price is returning a whopping annual return of ZERO %.
by year end it'll hover below $0.23
any other half baked company would have fired the executives. but hey, minority shareholders just have to suck it up.
Very high chance share price will go down further if there is no share buy-back. Maybe no need to wait till year end will hit $0.22 soon.
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(11-12-2013, 10:28 PM)Drizzt Wrote: (11-12-2013, 08:03 AM)ashuro Wrote: (25-08-2013, 08:51 AM)godjira1 Wrote: Ashuro - just curious, are you a businessman yourself? If you are not i would like to share with you something - it is important ALWAYS to explore avenues for growth/reinvention and be aggressive and be willing to take risks on that.
That is interestingly what I noticed is generally lacking in many business students at both undergrad and graduate lvls.
In that vein, Popular's "let a thousand flowers bloom" approach isn't wrong in itself but the execution i think could be better.
Disclosure: am not vested in popular.
now that popular has opened Borders (another popular lookalike), with the new Borders shop smelling cheap & nasty, & popular share price on a blatant smooth fall despite tinkering....where is godjira1 with his words of wisdom when popular needs him most??!!!
i think he is explaining the rationale for them to take this diversification move. nothing wrong with that.
you seem to be more hyper and abrasive about the management
hyper: hmmm....zzz...
abrasive: moi? ...OK...
about Management: most definitely, AND execs.
its not a diversification move, all companies have always used property assets as collateral or to recapitalise, even corner shops have multiple properties & exploit rise in equity. From a core bookstall business its a given to engage in horizontal & vertical integration, then onto complementary products. But luxury condo development even after 18 Shelford ?
posted by Is555: http://video.xin.msn.com/watch/video/pop...g/pfyq2ub3
no point giving platitudes and "sharing" wisdom about business, exploring avenues, reinventions, aggressive risk taking blah bah blah blah, especially when Popular is concerned with saturated markets & small margins.
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