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0.915   0.00 (0.00%)  0.915 - 0.92  250,900
21,890 comment(s). Last comment by FGV_ at Jun 27, 2017 10:17 AM
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r°Moi
5506 posts

Posted by r°Moi > Jun 10, 2017 08:32 AM | Report Abuse

.


It is either... capital repayment to minorities.... special divvy.... or push up the price to at least 1.80


You are not the only pissed off minority

Status quo is not an option for rosi

If he want the minorities... to do the RPT



And...... looking at TRIplc...... Rosi...... long being ready......



Psychology



.


rogers123
774 posts

Posted by rogers123 > Jun 10, 2017 06:08 PM | Report Abuse

No one will buy this lousy company, except me (bought it for AGM) and another ckk (Based on technical). But i have sold it for breakeven or very tiny profit. I m not wish to invest in this company anymore with no future and lousy management team with the lead of RZL's son. Cant we find anyone better to replace the lead? Now im only concentrated on Jtiasa and Carepls. Come to puncak, just to see the progress of Kahhoeng strike back.


rogers123
774 posts

Posted by rogers123 > Jun 10, 2017 06:09 PM | Report Abuse

1.80 is impossible anymore with no core business


rogers123
774 posts

Posted by rogers123 > Jun 10, 2017 06:20 PM | Report Abuse

If Kahhoeng listened to me earlier rather than Hng, He will let go all 2.80++ before dividend. Bec of special dividend and cash, he continue bought it alot. But cant believe that the post acq puncak profit is worse than wat i expected. Market is efficient, no frog is jumping on the street for u to catch, like wat happened to puncak pre acq. If the price cant move when the news released, then we should sell it immediately. When puncak cant break the record of 3.74 highest price after the disposal, then we should aware, mean there is something going wrong.


r°Moi
5506 posts

Posted by r°Moi > Jun 12, 2017 01:18 PM | Report Abuse

.


Roger123... steady... missed the 25% from 1.50 to 1.90... on TRIplc.... still lousy... at reading rosi..


1.80... no worries... just leave it to rosi.... rosi... wants the TRIplc RPT.... badly....


.


kahhoeng
2291 posts

Posted by kahhoeng > Jun 13, 2017 08:29 AM | Report Abuse

The following is from MSWG newsletter.

PUNCAK NIAGA HOLDINGS BERHAD (“Puncak”)

Proposed acquisition of the entire issued and paid-up capital of Danum Sinar Sdn Bhd (Danum Sinar) by Danau Semesta Sdn Bhd (DSSB, Purchaser), a subsidiary of Puncak

(Reference to the announcements dated 17 October 2016 and 17 April 2017 on Bursa Malaysia’s website in relation to the Proposed Acquisition)

The Company announced that DSSB (Purchaser) and Shin Yang Holding Sdn Bhd (SYHSB) (Vendor) have entered into a second supplemental Sale and Purchase Agreement (SPA) to amend and vary the terms of SPA whereby the Purchase Price for the 100% equity interest in Danum Sinar has been reduced from RM446,505,690.45 to RM276,587,523.65. The revised Purchase Price of RM276,587,523.65 was arrived at on a willing buyer-willing seller basis and based on the revised value of the Land of RM604,370,399.85 (previously RM735,102,114.25) less the liabilities of Danum Sinar based on its management accounts as at 31 March 2017 of RM327,782,876.20. The Purchase Price is subject to adjustments in accordance with the provision of the SPA.
[Source: Puncak’s announcement on Bursa Malaysia’s website on 5 June 2017]

MSWG’S COMMENTS:
We understand that the shareholders of Puncak are generally happy to see that the Purchase Price for 100% equity interest in Danum Sinar has been reduced substantially from RM446,505,690.45 to RM276,587,523.65 and the value of the land has been revised from RM735,102,114.25 to RM604,370,399.85. The questions that we would like to ask, among others, are:-
Why was the Independent Valuer engaged after more than six months from the date of the first SPA?
Despite the market value of the land of RM800,000,000 based on the Independent Valuer’s report dated 26 May 2017 being about 9% higher than the original value of RM735,102,114 stated in the first SPA purchase price, the vendor was willing to reduce the price by 18% from RM735,102,114 to RM604,370,400. What was the reason for the vendor to agree to the revised purchase price of RM604,370,400 which would be about 25% lower than the market value of the land of RM800,000,000 given by the Independent Valuer?
What was the basis for the Board of Puncak to agree on the original value of RM735,102,114 when the first SPA was signed in October 2016?
Was there any due diligence done on the condition of the land, including soil testing and legality issue of the land? If yes, was the lower Purchase Price due to any unfavourable findings from the due diligence?


rogers123
774 posts

Posted by rogers123 > Jun 13, 2017 03:18 PM | Report Abuse

Kahheong: paper gain, nta appreciate


rogers123
774 posts

Posted by rogers123 > Jun 13, 2017 03:19 PM | Report Abuse

Same like post acq of triplc


rogers123
774 posts

Posted by rogers123 > Jun 13, 2017 03:20 PM | Report Abuse

Many directors already made noisy, if not lower the price, no one will approve.


Ckk2266
1134 posts

Posted by Ckk2266 > Jun 13, 2017 04:04 PM | Report Abuse

Accumulate more @ 94.5


r°Moi
5506 posts

Posted by r°Moi > Jun 14, 2017 08:47 AM | Report Abuse

.



Valuation report dated few days after AGM... coincidentally.... or rosi??? To depress price to lowly..?


Purposely?


.


.


steveooikp
4686 posts

Posted by steveooikp > Jun 14, 2017 10:50 AM | Report Abuse

next QR will continue to lose money....
share price will further depress....


rogers123
774 posts

Posted by rogers123 > Jun 14, 2017 03:46 PM | Report Abuse

Hahaha. If out earlier, rzl son will kena tembak


angiess
59 posts

Posted by angiess > Jun 14, 2017 08:41 PM | Report Abuse

After this incidence, SC should amend PN16 to avoid directors to take advantage of
Minority shareholders... how can a company operate after sold off its core business ... for sure it will be making losses... no income with all the expenses


sabahan
5 posts

Posted by sabahan > Jun 15, 2017 09:54 AM | Report Abuse

Dear Kahhoeng

If i ever run a listed company, I would certainly like to appoint you as a director to my company.


firehawk
1604 posts

Posted by firehawk > Jun 15, 2017 10:19 AM | Report Abuse

is very keen to fight for own interest + minority interest ....


r°Moi
5506 posts

Posted by r°Moi > Jun 15, 2017 01:58 PM | Report Abuse

.


Not fight..... just somebody... needs to oversee... rosi...


Lawyer... rosi... ironically... does not do much initial scrutiny... tons of litigations subsequently




But this round looks more like rosi strategy...............................


.


steveooikp
4686 posts

Posted by steveooikp > Jun 15, 2017 03:43 PM | Report Abuse

everyday drop 1 sen oso cham....
another 89.5 sen ....


steveooikp
4686 posts

Posted by steveooikp > Jun 15, 2017 04:17 PM | Report Abuse

ckk2266 -- seems like you have a lot of money... to average down....


Ckk2266
1134 posts

Posted by Ckk2266 > Jun 15, 2017 06:14 PM | Report Abuse

:)


steveooikp
4686 posts

Posted by steveooikp > Jun 16, 2017 10:14 AM | Report Abuse

so 94 ... 94.5... the cheapest?
continue to monitor closely...
see when RZL used up all his RM 1 / share of money...
then he will announce another round...


steveooikp
4686 posts

Posted by steveooikp > Jun 16, 2017 10:16 AM | Report Abuse

RZL used up very fast ....
he got many wives, many gf, ..... each of them buy them 20 karat of diamond.... aldy gone....
RZL son also mah.... many gf....
their lifestyle... same as our mr. tourism....


steveooikp
4686 posts

Posted by steveooikp > Jun 16, 2017 10:16 AM | Report Abuse

later they go pray pray... and they still doing those... hehehe


r°Moi
5506 posts

Posted by r°Moi > Jun 18, 2017 03:30 PM | Report Abuse

.


1 or 2 more months to go.... end of the limbo.... caused by E- CEO


.


.


angiess
59 posts

Posted by angiess > Jun 18, 2017 04:06 PM | Report Abuse

1 or 2 months... delist ? Or the deals will go throug ?


steveooikp
4686 posts

Posted by steveooikp > Jun 19, 2017 03:46 PM | Report Abuse

92.5 ... u see...


kahhoeng
2291 posts

Posted by kahhoeng > Jun 19, 2017 04:03 PM | Report Abuse

I am a minorities of Puncak, surely I'm trying to oppose what went wrong in Puncak and trying to fight for minorities interests, cause its in my best interests. It would be a shame if I try to mislead others into buying or selling Puncak shares to benefit myself or if I try to force unreasonable deal to Puncak's board to benefit only minorities. Of which, I believe I didn't in both counts.

I take my time analyzing the balance sheets/annual reports of companies and purchase those I believe are heavily undervalued. If I made mistakes in my analysis, I try to learn from them. If I didn't and someone tries to con me which I can identify the con scheme, surely I will try to fight to defend what's right.

sabahan, not sure why would you like to have me on your board cause the first thing I can think of if I were to hire someone to sit on my company's BOD would be those with experiences in the field and can offer insight into the operation and direction of the company.

firehawk, sincerely can't understand why are you enjoying so much spending endless time attacking me here?!? If you have bought shares on my post and made losses, most likely in Puncak given your attacks have mainly in this site, my sincere apology. I could easily bleed more than you on investment in this company. So, it would probably make you feel better if you were to assume I lost more than you and post these comments than trying to ridicule me in this fashion that most others would assume you are either a Rozali running dog or some nonsense barking here and there...

I myself am still holding on to my investment in Puncak. While trying to seek justice in how CIMB Research House had posted irresponsible yet incorrect analysis on Puncak, I am also trying to fight for a capital repayment/privatization possibility in Puncak because I have lost my faith in Puncak's board and management team. Unless there's a need to sell to improve liquidity in my portfolio, I will most likely hold on to fight what I believe is terribly wrong. Well, can't help either knowing Puncak is still holding on to 2.30 cash per share and 3.10 net asset per share that would cushion my maximum losses in the company. Partly, didn't want to let go to avoid the possibility of some scammers trying to push down Puncak share price so they can rip huge profits pushing up the shares later. A recent example would be Airasia.


crownford_bl
406 posts

Posted by crownford_bl > Jun 20, 2017 01:33 AM | Report Abuse

Good Job, Kah Hoeng


ysn8
18 posts

Posted by ysn8 > Jun 20, 2017 06:09 AM | Report Abuse

Kah Hoeng,appreciate wat u have done


steveooikp
4686 posts

Posted by steveooikp > Jun 21, 2017 02:48 PM | Report Abuse

puncak no more hope for at least another 1 year.


steveooikp
4686 posts

Posted by steveooikp > Jun 21, 2017 02:48 PM | Report Abuse

the price depress day by day...
1 day drop 0.5 sen is enough


kahhoeng
2291 posts

Posted by kahhoeng > Jun 21, 2017 03:14 PM | Report Abuse

steveooikp, what's more interesting would be 'who's the sellers?' So long the balance sheet and cash in the company is well protected, the value of the firm is protected. Market action reflecting the share price could then be addressed separately.


steveooikp
4686 posts

Posted by steveooikp > Jun 22, 2017 04:50 PM | Report Abuse

kahhoeng

plenty of companies got cash, assets, lands etc.... look at their NTA can tell....
they are still very depressed.


kahhoeng
2291 posts

Posted by kahhoeng > Jun 22, 2017 07:25 PM | Report Abuse

steveooikp yes, but except for those China companies, most were trading around cash per share. In Puncak's case, its not even half cash per share... in addition, why does CIMB's analyst has to lie about the cash per share level. What's more, after I wrote in, the coverage of Puncak is ceased.


FGV_
212 posts

Posted by FGV_ > Jun 23, 2017 10:32 PM | Report Abuse

Why Rozali Ismail busybody on FGV? Interested to takeover?
https://www.nst.com.my/node/251635


kahhoeng
2291 posts

Posted by kahhoeng > Jun 24, 2017 10:59 AM | Report Abuse

"GWGF is willing to assist Sulaiman in various aspects such as providing consultation to improve the group's performance and sustainability," said Rozali.

---- like how 'great' Puncak is for the past 6 quarters?
---- like telling minorities its willing buyer willing seller when the plantation is 'to-be-transacted' at 18,500 per acre but later 'to-be-transacted' at 16,500, and 'to-be-what' later?


rogers123
774 posts

Posted by rogers123 > Jun 27, 2017 10:05 AM | Report Abuse

Hahaha. Rzl is a joker. Very busybody, not even can take care his own puncak. Assist people to make more losses?


FGV_
212 posts

Posted by FGV_ > Jun 27, 2017 10:15 AM | Report Abuse

If use Puncak cash how many % FGV they can buy? 5%?

Posted by rogers123 > Jun 27, 2017 10:05 AM | Report Abuse
Hahaha. Rzl is a joker. Very busybody, not even can take care his own puncak. Assist people to make more losses?


FGV_
212 posts

Posted by FGV_ > Jun 27, 2017 10:16 AM | Report Abuse

Rzl can become FGV BOD if interested to takeover.


FGV_
212 posts

Posted by FGV_ > Jun 27, 2017 10:17 AM | Report Abuse

PM Najib also happy to see UMNO member to takeover problematic FGV.

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