PROVE they say is in the share price pudding of Nexg Bhd, that seems stuck between the 50 sen and 52 sen range .
BRINGING in Puvanesan Subenthiran from the loss making Privasia Bhd, and Mohd Khairul Adib Abd Rahman into the Nexg Bhd board with executivs powers on hindsight , looks like a sick joke, gone badly wrong .
WHAT ails NEXG Bhd ? Multitude of worry signals stretching from shareholder returns, share capital spread management, and NEXG's consistency in getting the wrong set of individuals to run the company,; the latest being the appointment of Mohd Sopiyan Mohd Rashdi as non executive director.
OVER the past five years, READ : average Dividends Per Share Growth Rate was 14.80% per year, over half a decade.
A closer look though reveals, over the immediate 12 month, the dividend growth per share has reversed and sunk into a regressive negative 73.8 per cent.
BASICALLY, the company has stopped paying dividend, while it's share buy back, has managed so poorly, VIEW : that even it's buyback yields are on negative territory
AS as result, shareholder yield are hovering around negative 1.3 per cent.
DESPITE billions of Ringgit in new contracts, over the past 12 months or so, , earnings have been diluted because, the number of shares issued by the company have increased by more than 13 per cent.
TO put it simply, over the last three financial years, Nexg Bhd's annualised gain soared to 1028 per cent, but earnings per share merely managed a 27 per cent gain.
