Karlos

Karlos | Joined since 2018-07-13

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Stock

2021-09-29 15:59 | Report Abuse

Yes, if the Proposal fails, minority shareholders have more to lose and the Offeror may even gains by buying more MMC shares below RM 2

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2021-09-29 15:51 | Report Abuse

@raven, be careful it it fails for whatever reason price may even go pass the offer price!

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2021-09-29 15:49 | Report Abuse

Any how we all, except those that sold recently, are finally a happy lot!

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2021-09-29 15:46 | Report Abuse

@WenJun, I though you predict if it fails, price will exceed the offer price?

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2021-09-29 15:14 | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

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2021-09-29 14:55 | Report Abuse

The Offeror has more to gain if this offer fails and the minority share holders have more to lose!

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2021-09-29 14:44 | Report Abuse

It seems if the offer fails, the Offeror may get to take MMC private via a longer but cheaper way. Very ironic!

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2021-09-29 11:21 | Report Abuse

@menotassossin. I agree on what you said. If SCR fails, the minority shareholders got nothing to gain but most probably will suffer loss. On the other hand the Offeror can buy cheaper than the failed offer price of RM 2. Take it private directly via share purchase at lower cost!
That is why I have been saying it is crazy to oppose the offer on the table now.

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2021-09-29 10:31 | Report Abuse

@Johnzhang, well deserved. You have done the most rational thing!

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2021-09-27 15:07 | Report Abuse

Relax, just enjoy the flight !

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2021-09-27 11:00 | Report Abuse

Exactly SincereStock. As non controlling shareholders, we will gain nothing by rejecting the offer even if we believe it is unfair. There is more to lose than to gain. If those who really believe RM 2 is unfair price then just buy whatever available now below the unfair price, no need to waste time and effort to just say it is unfair. Life is short, just buy it all below the unfair price!

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2021-09-27 10:38 | Report Abuse

Well always wise to remember what, Keynes, the great well known economist said that “In the long run we are all dead”

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2021-09-27 10:34 | Report Abuse

In investing or trading, it not whether you are right or even wrong is the cardinal issue. It is quite simply can you make money or not out of the market. We have to be wise to admit to ourselves that the market may not want behave exactly to our own wishes. As I said it is a complex adaptive system.

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2021-09-27 10:25 | Report Abuse

Finally in any market that include the stock market, we can only buy or sell at what the market offer not at what we think it should be priced. Market always disregard subjective individual opinions as the stock market, as we know it, is a complex adaptive system.

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2021-09-27 10:17 | Report Abuse

Why against the proposal? If we think MMC undervalued at offer of RM 2.00, we should have bought it all quite recently at much less than RM 1.00 or even at the current price of well below RM 2.00. If RM 2.00 underpriced, certainly current price is a very good bargain. No need argue not fair at RM 2.00, just buy all the available shares currently being offered for sale at much below unfair price!

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2021-09-26 21:30 | Report Abuse

The Offeror I believe must have done at the very least some homework before embarking to take MMC private as it is a large company with strategic assets, not just another small company in non strategic biz.
Earlier some years back, the same Offeror had successfully taken Malakoff in private in 2006 valuing the company some RM 2.6b and got it relisted later on.

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2021-09-26 21:10 | Report Abuse

At the current price level, it will make little difference if the non interested shareholders will vote for or against the SCR as the intrinsic value of MMC is way above RM 2 anyway. Any how there is no reason for these shareholders to vote against as it may cause the price to go down in the short term. But over the longer term, MMC price may finally reflect its true value.

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2021-09-24 15:12 | Report Abuse

Be careful of what you wish, you may get it !!!.

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2021-09-24 10:56 | Report Abuse

Returns on investments on new solar project are still attractive for those that have strategic edge or advantage like availability lands, cheap financing and good track records. The early developers like Cyparks will however enjoy very lucrative returns on each solar project over the 21 years period via REPPA with TNB

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2021-09-23 09:22 | Report Abuse

@wan161, yes Cypark can go up beyond 1.80 provided the management stop issuing cheap underpriced new shares via ESOS and Private Placements.

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2021-09-22 21:10 | Report Abuse

Price was depressed today probably due to listing of 50.6 m heavily discounted new shares issued from Private Placement at the issue price of only 92 sen

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2021-09-22 16:45 | Report Abuse

Yes trading below NTA but Tanco has seen a lot of interests for some time already, trading with big volume and, on plus, the controlling family continue to accumulate.

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2021-09-22 09:08 | Report Abuse

A huge achievement for a small company ! Well done Tanco

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2021-09-21 21:27 | Report Abuse

Tanco was awarded a contract to reclaim 120 acres of land in Melaka.

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2021-09-21 08:31 | Report Abuse

Cypark is still very much undervalued but unfortunately being pushed down in price mainly due to cheaply issued shares via private placements and ESOS to the detriment of other shareholders.

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2021-09-15 09:41 | Report Abuse

Continuous heavy volume indicates strong interest

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2021-09-15 09:31 | Report Abuse

Good things are now all in lined finally for Eden :

; 20 MW hydro power plant already fully rehabilitated and in operation
; 30 MW thermal power plant new PPA has just be signed
; Langkawi where most of the hospitality biz of Eden is located, is the first holiday destination to
be opened
; Our political situation is now stable
; And finally the "right" people still in power

What more we need to expect ?

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2021-09-15 09:10 | Report Abuse

Those willing to wait will always be rewarded !

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2021-09-14 12:01 | Report Abuse

A bit similar to Cypark, where it has to invest money in the projects and collect the steady and robust cashflows later for a number of years. Excellent biz model as it gives a good and steady return on investments.

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2021-09-14 10:55 | Report Abuse

It is not so much due to the bonus issues but to the intrinsic value of the stock itself. Pestech is well respected in the industry it is in and doing good excellent job records.. The stock is still very much unappreciated and undervalued. Any one who is familiar with its biz and biz model will understand its realistic value. Sooner or later, real value will appear, with or without bonus issues.

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2021-09-10 16:55 | Report Abuse

Sorry Intangible Asset value per IC 12 not tangible value.

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2021-09-10 16:44 | Report Abuse

"The recoverable amount has been determined based on value in use calculation using cash flows projections covering a period of 21 years (2019: 22 years) from financial budgets approved by the directors.
The Group believes that any possible change in the above key assumptions applied is not likely to materially cause recoverable amount to be lower than its carrying amount."

Above is an extract from Note 6 of the latest AR of Cypark on the waste to energy project. Hope it can help to address your query on the valuation and impairment, if any, on the tangible value of the waste to energy project.

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2021-09-10 08:23 | Report Abuse

Yesterday trading looks good especially when most other counters were down

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2021-09-10 08:07 | Report Abuse

Despite delays, which were I belief not entirely due to Cypark faults, the waste to energy project return most likely still remain lucrative as this is the first such large scale in the country. The return on the investment may even increase as the amount of municipal waste is increasing more rapidly thanks to covid 19 pandemic.

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2021-09-09 16:48 | Report Abuse

"In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 October 2020"

The auditor gave a clean opinion on the latest annual report of Cypark. On the waste to energy project, the auditor did not mention any disagreement on the value of the recoverable intangible asset. Under IC 12 all costs incurred for this kind of Service Concession Agreement are allowed to capitalized as intangible asset and the auditor did not dispute the recoverable amount.

Anyhow Cypark was unluckily hit by a double whammy: there was an initial delay in completion due to something unexpected and was then given an extension of time which unluckily later ran into covid 19 pandemic period.

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2021-09-09 16:10 | Report Abuse

The easiest people to fooled are our own selves !!!

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2021-09-09 14:26 | Report Abuse

Cypark being mainly an asset developer, owner and operator has to invest heavily upfront and this resulted in high debts and negative cashflow but later on Cypark will collect steady and robust cash flows from these assets with very little, if any, risk. Different biz and biz models will show different financial gearings and cashflow patterns , so it is very important to know the company well before you decide to put your money in. And a good understanding of the current accounting frameworks will definitely help.

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2021-09-09 10:38 | Report Abuse

To see how undervalued is Cypark, just compared it to say Solarvest. Market cap for Solarvest is now over Rm 856 m where else that of Cypark is only around Rm 500 m. Solarvest core biz basically is just installer for other company solar projects although it also own a minute solar installation on its own. Cypark on the other hand own and operatea large no of big solar farms and still expending. Some of Cypark solar farms were developed much earlier where the return of the projects were much lucrative compared to the newer ones now. Cypark also own other green energy projects such as waste to energy and biomass. In addition Cypark operates a number of landfills for municipal waste in a number of locations.

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2021-09-09 08:12 | Report Abuse

There is no such thing as sifu or guru in investing otherwise those professors who teach investing would be the richest ones instead of working as professors.

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2021-09-05 14:28 | Report Abuse

Issuing more shares and warrants will have unfortunately dilutive effects on the share capital.

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2021-09-01 09:42 | Report Abuse

Because bonus of 1 warrant for every 8 shares !

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2021-08-31 13:59 | Report Abuse

Any one who is familiar with Pestech and its biz model would have known that Pestech with good fundamental was highly undervalued. Instead many so called investors preferred to put money on companies that have neither proven biz model nor performance. And there other companies similar to Pestech that are not well appreciated and undervalued as well.

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2021-08-30 09:51 | Report Abuse

Just value Eden on what it has: 2 IPPs, travel and hospitality biz and huge land bank in the right strategic location. Other things are just bonus. One more thing. It net asset per share alone is 74 sen. There is very little risk in investing in Eden and those who can wait will be well rewarded.

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2021-08-27 16:40 | Report Abuse

Finally in the longer term fundamental or intrinsic value will show up some how after all the confusions and excitements have abated.

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2021-08-27 16:21 | Report Abuse

Income from Jaks IPP in Vietnam not only bigger as it is huge plant and for a longer term of 25 years but more importantly the profit margin are way above any new solar PV projects.

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2021-08-27 09:45 | Report Abuse

There is little risk in investing in AA but there are some uncertainties only. This give good opportunity to those who understand AA biz and current accounting rules and do not confuse risk with uncertainty.

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2021-08-27 08:56 | Report Abuse

There are opportunities in any calamity such as the current pandemic for the smart entrepreneurs. Those that survive this pandemic will thrive well. I believe AA being the world best LCC in 11 straight years will prosper moving forward. If AA can not survive, which airline then can?

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2021-08-26 15:55 | Report Abuse

Valuation of an enterprise or a company especially a publicly listed company such as AA is highly subjective more so if AA going into new but related biz leveraging on its strength. Each of us can have our own view on the value of AA moving forward. In any case if AA has no future we should move on to another company that has a brighter future.

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2021-08-25 09:55 | Report Abuse

Just be patient and do the right thing, you will be ok

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2021-08-25 09:01 | Report Abuse

There were some short selling on Jaks. Expect a good rebound?