Cornerstone, my friend is right when we look at the fundamentals and figures. He is wrong when he miscalculated that the big boss is not willing to let the counter rise in price.

Once you are out of Malaysia, there are a lot of uncertainties in doing business in foreign land. You can see from a lot of previous examples. Many Malaysian companies had incurred millions of losses in oversea ventures.

List of companies which failed in their oversea ventures.
Middle East ( WCT, LCL, Zelan, Ahmad Zaki )
Indonesia ( Malaysia Smelting, AirAsia , Astro, Ranhill)
Sudan ( Nam Fatt, Peremba )
Vietnam ( Berjaya Land, Gamuda Land)
South Korea ( Berjaya )

It is not easy to do business in overseas especially when the target countries do not have sufficient laws to protect the investors.

He always explained to me how good Tropicana was. A lot of landbank and the properties are sold at very high price. He said profit margins sure very high and the company sure make a lot of money.

Pity my friend. He bought Trop more than 2 years back at RM1.84 because he found that the company had very good potential. Unbilled sales more than RM2bil. Company projects are all at very good locations.
Few days ago, he had no choice but to sell at RM0.98 because he needed money to pay for his son's school fees in TAR College.

Like what we had anticipated, everything owned by PJDev will still remained with PJDev. 49% of Yarra Park City sold n 51% is still owned by PJDev. The proceeds from the sales will go to PJDev.

PJDev is the biggest beneficiary of this project. OSKH is also benefited but in a diluted form. I thk the remaining shareholders will be the biggest winners of the whole project.

7/4/17 is Good Friday?

Sunway has more than 59% of Sunway Construction. SunCon has a order book of more than RM4bil and this will benefit Sunway for the next few years.

Trop has more than 500 acres of development land in JB.

Sunway has 1800 acres of development land in Sunway Iskandar. Probably will move in the coming week.

I sold all my holdings last week. At the end, gave up waiting. Made the right decision to switch to TAGB.

It won't fly very fast. Moving steadily towards RM0.40 very soon.

Going up slowly. Can reach RM0.70 very soon.

A well received n successful project in international level. However, the local investors had valued TAGB as "stone" when it is actually "gold". The price is dirt cheap n extremely undervalued. The price had dropped from RM0.48 during IPO to RM0.34 now.

A well received n successful project in international level. However, the local investors had valued TAGB as "stone" when it is actually "gold". The price is dirt cheap n extremely undervalued. The price had dropped from RM0.48 during IPO to RM0.34 now.

Agree with Ya Hoo. The Star Avenue n Twy projects are still at the initial stages. When the progress is more advanced, the profit to be booked will be more n more in the coming quarters.

Management had targeted to bring in strategic investor by first half. Hopefully they can make it.

Ppl start to notice this counter. Increase bit by bit everyday.

Increase a bit everyday. Undervalued counter to realise its true value.

MKH boss will quietly collect.

Sunway may develope an integrated development including retail units and residential components on the land purchased just opposite of Sunway Velocity. This development dubbed Sunway Velocity 2 will be linked to Sunway Velocity via link bridge. They will complement each other.

Sunway may develope a mall extension on the land. This purchase has enabled Sunway the possibility to extend the very successful Sunway Velocity and create value to the whole existing and future development.

Sunway may develope a mall extension on the land. This purchase has enabled Sunway the possibility to extend the very successful Sunway Velocity and create value to the whole existing and future development.

Sunway may develope a mall extension on the land. This purchase has enabled Sunway the possibility to extend the very successful Sunway Velocity and create value to the whole existing and future development.

As Sunway Velocity is completed and opened before year end, it will be revaluated. Sunway will have profit from this mall and I expect the profit for this quater will be good. Price will go up.

The management has explained in the AGM that a lot of capital expenditure will be utilised for KSL Mall 2 project for the next few years. Therefore, previous years' profit will be kept to build the mall. The profit is used to create more values to the company. Hence, no dividend is declared for last year.

Fundamentally strong company. Deeply undervalued company.

Volume increases again.

Volume increases again.

Closed at RM1.76 with heavy buying.

Fundamentally sound company. STP2 project will bring in lots of profit. The land is very prime and measures 760 acres (not 7.6 acres). The land in surrounding area is transacting at RM1,000 / sq. ft currently.

Guocoland has a total of 1620 hectares in Sepang before the sales. Therefore, it still has 940.8 hectares left.

Trump effect !!??

Trump effect??!!

Looking for good results and dividend at the end of the month.

The Revalued Net Asset Value (RNAV) of PJDev is RM4.60. Pls don't accept at RM1.50. OSKH is trying to blackmail the minorities by delisting the counter. Many who are worried about the delisting have already sold off their holdings. The remainings are those who know the actual value of the counter and just simply unable to accept the diliculous price.

The offer price of RM1.50 is UNFAIR and UNREASONABLE

The Revalued Net Asset Value (RNAV) of PJDev is RM4.60. Pls don't accept at RM1.50. OSKH is trying to blackmail the minorities by delisting the counter. Many who are worried about the delisting have already sold off their holdings. The remainings are those who know the actual value of the counter and just simply unable to accept the diliculous price.

The offer price of RM1.50 is UNFAIR and UNREASONABLE.

Just go through the few current ongoing takeovers and a major shareholding purchase that took place today, then we can see how unfair OSKH's offer is.

Counter / NBV / Offer Price /Premium
Maypak / RM0.49 / RM1.00 / 104%
CenBond / RM1.40 / RM1.75 / 25%
WCT Hldg / RM2.12 / RM2.50 / 17.9%
PJ Dev / RM2.32 / RM1.50 / -35.3%

Note :
WCT - a direct business transaction by Desmond Lim on 1/11/16.
The Net Book Value per share is based on the latest quarterly results as at 30/6/16.

Just look at it yourself, PJ Dev is the only one where the offer price is below the Net Book Value / share. If PJDev offered price is to match WCT,OSKH should offer RM2.74 for each PJDev share. The Warrant should be offered at RM1.74 per share.

Just go through the few current ongoing takeovers and a major shareholding purchase that took place today, then we can see how unfair OSKH's offer is.

Counter / NBV / Offer Price /Premium
Maypak / RM0.49 / RM1.00 / 104%
CenBond / RM1.40 / RM1.75 / 25%
WCT Hldg / RM2.12 / RM2.50 / 17.9%
PJ Dev / RM2.32 / RM1.50 / -35.3%

Note :
WCT - a direct business transaction by Desmond Lim on 1/11/16.
The Net Book Value per share is based on the latest quarterly results as at 30/6/16.

Just look at it yourself, PJ Dev is the only one where the offer price is below the Net Asset / share. If PJDev offered price is to match WCT,OSKH should offer RM2.74 for each PJDev share. The Warrant should be offered at RM1.74 per share.

It does not involve Guocoland Malaysia. It only involves Guocoland Singapore.

hezjing, it is written in Focus Malaysia, Issue 202, Oct 15-21, 2016, "Paramount Firms Up REIT Plan".

"Paramount has also commenced plans on opening a Sri KDU International School in Klang, expected to be completed in 2018."

I could not find the link.

Sri KDU Klang will be opened in 2018.

Eventhough extended by 4 weeks, it is not easy for OSKH to achieve 99.12% and 97.85%. The remaining shareholders are seasoned investors who will not sell at unfair and unreasonable price.

I think MKH will come up with products that are below RM300k. They have already planned some projects in Kajang South. The announcement of waiver of stamp duty for house below RM300k first time buyers will definitely be a boon to the company.
Medium and medium higher cost apartments are also profitable because they come with less facilities and amenities. The cost to build is lower. MKH has a lot of experience in building this type of products.

The daily volume is low. The announcement by OSK shows that the quantity purchased from the open market and the offer acceptance are low after 11/10/16. Those who have decided to accept the offer might have already done so before 11/10/16. The remainings are those who have decided to stay on and continue to become minority shareholders unless a fair and reasonable new offer is announced.

The daily volume is low. The announcement by OSK shows that the quantity purchased from the open market and the offer acceptance are low after 11/10/16. Those who have decided to accept the offer might have already done so before 11/10/16. The remainings are those who have decided to stay on and continue to become minority shareholders unless a fair and reasonable new offer is announced.

I think IAC based on the figures on 4/9/16 when OSK announcement delisting of PJDev.

I calculated based on the fact that OSK needs to acquire 90% of the shares outstanding and not already owned by OSK n PAC as at the announcement date (30/8/16). When I did the calculation, the figures from IAC was not out yet. Now, since IAC has already stated the actual percentages, that percentages are final and it is even harder for OSK to achieve that thresholds.

Did not know that there was a MSWG meeting on PJDev. Too bad.

FnR, Valuelurker,

OLH n OSK are following the Company Act, business laws n SC acts properly. He can make any offer he likes n that is his right. We as the minority shareholders have our own rights whether to accept the offer or not. As I thk that the offer price is unfair and unreasonable, we execute my right to reject the offer.