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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » John Keells Holdings (JKH) - Shareholders Dissatisfied?

John Keells Holdings (JKH) - Shareholders Dissatisfied?

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Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
John Keells dividend payout has not been very satisfactory, particularly after the end of war. If you work out the the dividend yield based on the market price it would have been below 2%. Who would want to invest money in a company that gives such a low yield coupled with lower capital appreciation. John keells holdings (JKH) capital appreciation had been quite volatile with share price moving up to an high of Rs 343 and then plummeting to current Rs 170 levels. At the time of war JKH traded at a lowest ever price of around Rs 50.

It is heard that some of the key shareholders are dissatisfied with the current management and it's performance particularly in the light of current shareholder returns (loss) and looking at the possibility of a change. It is also appears that some minority shareholders are looking at the possibility of increasing it's shareholdings with the objective supporting any takeover attempt the company. There were large quantities of shares changed hands between Rs 210 - 175 price level.

It is also known that current management of JKH is working around the clock to bring in a foreign fund or an institution to take up a substantial shareholdings to prevent any potential takeover attempt. Question remain unanswered is whether there will be another rights issue and a share buy back! Which happened when last time some shareholders tried to takeover JKH?



Last edited by Quibit on Sat Dec 10, 2011 11:11 am; edited 1 time in total

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The performance of the biggest and the most influential company in the CSE has been dismal. This company is letting down the whole market. Blame the SEC.
What is alarming is that if the JKH management is fighting with the people who are dissatisfied with the company 'around the clock' then they aren't working on improving the company performance or making massive profits. That's really bad. Instead of working for the growth they are fighting management issues.

Also if they're bringing outside parties for help we have to remember those parties will not be doing it for our advantage. They'll make sure they get the lion's share of the deal.

Liber Abaci


Senior Equity Analytic
Senior Equity Analytic
@Quibit wrote:..............with share price moving up to an high of Rs 343 and then plummeting to current Rs 170 levels. At the time of war JKH traded at a lowest ever price of around Rs 50.
.

It's true that JKH price has been volatile. But I think there is some thing wrong in this comparison. According to my chart the highest price(closing) is Rs 266/- ,that is on 01/10/2010.
There had been a share split in June 2011. Was this Rs 343/- before the split ? ( Then you can't compare that with Rs 170/-.)

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Any means that has to be prevented. Best way to do that is attract Indian firms who seeing their currency depreciating exponentially.
Look how ධම්මික sucking HAYL assets at cheap price. DIPD sold HAYL stake at unattractive price (according to directors of the HAYL at the mandatory offer)

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/9291323834649_.pdf
Is this the reason for upward movement for last fewdays ?

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Now it is 170/=.
See when a director wants to exit this so called fundamentally reliable conglomerate also get manipulated.So what is the point of blaming craps ?

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