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Even if it's real, how long are you prepared to wait for it to be returned to shareholders via dividend or delisting? The current management seems determined to string shareholders along.
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I opine that as long as POPE does not exit their investment, there is a little chance of the stock price going up. But with the liquidity of the stock, POPE has no way to sell off their stake. The lack of dividend makes this a bad waiting game to play. Check out the history of how POPE got into the game.
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POPE offended the boss of Kingboard Copper. So long as POPE is around, there is almost no chance of dividends, privatization. After all, why does the boss want to reward POPE? Again, check out the history of how POPE became a shareholder and subsequently voted against the related party transactions mandate.
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Oh thanks for explaining! But anyway, POPE is just a very small shareholder(10%), whereas Cheung Kwok Wing [DIR/CEO] is 64%. So the biggest beneficiary is still the boss ma...
If I'm getting 640K for every 1m paid out, what's the issue of someone who I dislike receive100K. Of coz la I'm Not Mr Cheung.
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grubb any resource we shd check out to find out the answer - the history of how POPE became a shareholder and subsequently voted against the related party transactions mandate.
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Apart from reading the earlier posts in this thread, it may also be helpful to look at another company that was previously the subject of activist action: United International Securities (UIS).
FWIW, I wrote about UIS (and mentioned KCF) previously in the forum at:
http://www.valuebuddies.com/thread-1478-...l#pid14120
As usual, YMMV.
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