Gadang - Analysis of similar multi-proposals of Poh Huat.
Gadang - Analysis of similar multi-proposals of Poh Huat.
Gadang - Analysis of similar multi-proposals of Poh Huat.
A) ANNOUNCEMENT MULTIPLE PROPOSAL:
OH HUAT RESOURCES HOLDINGS BERHAD ("POHUAT" OR THE "COMPANY")
I. PROPOSED SHARE SPLIT
(one (1) existing ordinary share of RM1.00 each in POHUAT into two (2) ordinary shares of RM0.50 each)
II. PROPOSED BONUS ISSUE OF WARRANTS
(new warrants in POHUAT ("Warrant(s)") on the basis of one (1) free Warrant for every four (4) POHUAT Shares held on the same entitlement date)
B) EX-DATES FOR PROPOSED SHARE SPLIT AND PROPOSED BONUS ISSUE OF WARRANTS
C) CLOSED HIGEST PRICE AFTER PROPOSALS AT RM2.10
Pohuat warrant listed on 27 October 2015 with opening price of RM0.78 and hit higest at RM1.10 on 29 December 2015.
Conclusion:
Pohuat share price started picking up since Jun 2015 until 1 day before split and bonus issue of warrant, from RM2.00 to RM3.50.
After split and bonus issue of warrant, Pohuat continue uptrend from RM1.51 to highest RM2.10 before consolidated.
Pohuat warrant listed with opening price of RM0.78 and higest at RM1.10.
This mean, if you holding 4 ordinary shares of RM1.00 each at RM2.00 price in June 2015, you shall have unrealised gain of any a particular time of 223%.
( 8 ordinary shares of RM0.50 each at RM2.10 + 1 warrant of RM1.10 = RM17.90, thus RM17.90/RM8.00 [Cost]*100%)
Will GADANG achieve such percentage.?
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Discussions
1 person likes this. Showing 14 of 14 comments
Pohuat was bullish (at that time) in export theme, while Gadang is bullish (now) in construction theme.
2016-10-20 13:59
Gadang is a fundamentally sound company with still a low P/E of about 8 only. FA & TA look good. Thus.. of course !!
2016-10-20 14:21
Thank you for the effort and sharing.. However, one is more solid than the other, what say ?
2016-10-20 17:09
Posted by excelyou > Oct 15, 2016 12:05 AM | Report Abuse
Based on the circular, the entitlement date shall be end of November 2016.
I hope it can reach RM4.50 in 40 days. I guess everyone will be happy too.
2016-10-20 18:21
GADANG IS NOT POHUAT
POHUAT (POWER HUAT) LEVERAGED ON THE EXPORT THEME OF LOW RINGGIT. POHUAT ALSO GOT ADVANTAGE OF LOW COST WAGES & FACILITIES IN VIETNAM.
AS FOR GADANG THE EUPHORIA OF TODAY MIGHT END UP LIKE A COLD TURKEY WITHDRAWAL LATER WHEN REALITY COMES INTO FOCUS
SEE CALVIN'S VIEWS
BIG RED FLAGS LAH!
1) FORGET 16.7% FROM CAPITAL CITY 21. IT WAS A WRONG USAGE OF INDUSTRIAL LANDS FOR COMMERCIAL PURPOSE. LANDS SHOULD BE DEVELOPED AS FACTORIES. NOW THE VALUE OF LAND WILL BE STUCK LIKE A SORE THUMP!
THIS PIECE OF 16.2 ACRES LAND IN JOHOR IS SITUATED IN THE MIDST OF FACTORIES IN A MALAY MIDDLE CLASS REGION. AND THIS LAND WITH BOOK VALUE OF RM21.3 MILLIONS WILL BE STUCK IN LIMBO FOR A LONG LONG TIME
SO THERE ARE 2 LOSSES
A) LOST OF PROJECTED REVENUE OF 16.7% DUE TO MISCALCULATION. ANGSANA COMPLEX WHICH IS BETTER LOCATED IS NOW FACING DOWNTURN. HOW COULD CAPITAL CITY 21 THRIVE IN A SECLUDED PLACE?
B) RM21.3 MILLIONS LOCKED UP IN A WHITE ELEPHANT WILL BE LONG TERM PAIN.
2) DIRECTOR IS NOT JUST SELLING A FEW THOUSAND SHARES TO MEET SOME NEEDS. A RM5.5 MILLION SHARES DISPOSAL COULD ONLY MEAN THAT GADANG IS NOW OVERVALUE.
3) BY ALL CONSENSUS - WHEN MR MARKET IS ALMOST 100% IN AGREEMENT THAT GADANG IS A GOOD BUY - ALL THE PEOPLE HAVE ALREADY FULLY EXPOSED TO THE EUPHORIA.
EUPHORIA IS NOT THE TIME TO BUY. WE SHOULD BUY INTO PESSIMISSM & SELL INTO EUPHORIA
MY GREAT SIFU TOLD ME THIS, "TO BE GREEDY WHEN OTHERS ARE FEARFUL; AND TO BE VERY FEARFUL WHEN OTHERS ARE GREEDILY BUYING" MY SIFU'S NAME IS - WARREN BUFFET
2016-10-20 22:32
Calvin thinks Gadang's ExBonus Price Chart Will look like
One in between FIAMMA & POHUAT.
It will be just above average but not spectacular.
So those who OVERPAID will SUFFER FOR ITS CONSEQUENCES LATER
2016-10-20 22:35
i think this kind of comparison is more toward speculatice. focus on its business/earning prospect is better bet.
2016-10-20 23:49
After ex-all, Gadang will also be like Pohuat with target price of RM2.00 for the mother share and RM1.20 for the warrant. Condition: Must wait for MRT2 and LRT3 end of this year.
2016-10-21 00:18
8wpwtmt8
After ex-all, Gadang will also be like Pohuat with target price of RM2.00 for the mother share and RM1.20 for the warrant. Condition: Must wait for MRT2 and LRT3 end of this year.
21/10/2016 00:18
IS HAPPENING?
2017-03-11 22:03
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