The result will be good due to progressive payment but i doubt he will do a bonus or whatever. He wants to accumulate and also low share price does not affect his remuneration. My guess is his remuneration will rise again this year due to higher company's profit but share price........forget about this value trap and use the money to invest in others
Sometimes the share price performance depends a lot on the will of the directors. Whether they really want it to move up or dowm. If up, then they would use all the means available to push up share price. Special dividend, bonus issue, share buyback, aggressive buybacks by directors, road show and etc.....
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Some will rather share price not to move so that they can accumulate. But then they would incurred the minority shareholders' wrath. Hence they would pay lip service and said they are concerned about the share price underperformance.
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Just forget the lip service and watch the actions.....
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[yeh 21-04-2012]:
Sing Holdings is undoubtedly undervalued vis-a-vis its RNAV. Whether it's a 30% discount or 50% or whatever, a discount typically persists, especially for boutique developers. It's too much to expect that Sing Holdings will double to close the gap between its stock and RNAV. The funds don't usually invest in small-cap developers like Sing Holdings -- instead they allocate their money to a certain % to Singapore property with beneficiaries being the likes of Keppel Land, City Dev, etc. After that, they look at other sectors (top-down approach). Sing Holdings will always be overlooked by these big funds. It's the retail investors who are mainly in & out of the stock -- in the past up to now, the retail investors don't know much about Sing Holdings because it's under-publicised. If Sing Holdings management thinks the world will one day discover it, the guys are just dreaming. They have to talk and talk to the analysts & media. The next set of quarterly result will be sterling -- they should trumpet the stock and then let's see if it can move up from 33-35 range that it has been stuck in.
The future is never clear in stock market -- the profitability of Sing Holdings is very clear in the next quarter and for the next 2 years. Thus 34.5 cents is dirt cheap.