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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?
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
