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Market does not value cash in the bank as much as it does recurrent income.

Would have been far better if they kept the shopping mall. Shares would be valued much higher.

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The ship is steady amid the heavy deliveries, and will sail again.

Warrant exercise price is 0.80.
If privatisation at 0.75, warrants are out of the money.

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then warrants die lor

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Warrants going fast, better grab now ....

Haha, here it comes!

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Very significantly tested support TWICE at 0.565 and HELD.

Either way, up or down, the move will be BIG.

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Breaking new high must be accompanied by increasing volume to be convincing. It is quite ok if it stays around this price today, as long as it closes slightly higher. It is a day of consolidation.

Technicals for next target of 0.70 are still intact. Next week will be interesting.

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i already said don't expect dividend. You should be happy they don't na jib it.

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GOB WA will rise 30-50% in next 2 days.

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Net cash per share is more than the 71sen calculated by Faye Tan.
There's another 9.5sen per share from another land disposal bringing net cash to 80 sen per share:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4824605

For GOB to trade at 1.00 is not so far fetched.

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In technical terms, pullback to test resistance-turned-support. Good close.
If on Friday, gap-up then we're on our way again.

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I think you can safely sell between 0.80 and 1.00

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Then 0.80 and 1.00 !! Happy hunting.

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Shot thru strong technical resistance at 0.57 (2 previous peaks). Next stop 0.70.

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If there ever will be a special dividend, it will not be until the sale is completed. This will be well into next year. By that time the market may have gone to west sky.

Fair enough.

You can buy Tropicana at 90sen! Haha!

GOB will be like another L&G; cash rich but share price languish.

Take a look at L&G if you are interested in cash-rich stock. Net cash is more than 0.30 per share, It is trading at 0.43. You should buy the lot!

Asset/cash rich does not count for much if you can't generate income from the asset/cash.

I would rather have the mall yield 35m a year that have the cash in the bank yielding 2.5%!!

.... if the market does not collapse ....

The prospect of recurrent income would have brought about a re-rating of the stock. That is now gone.

This is evidence that the big boys have their eyes on the cash rather than enhancing share value.

Pray hard they don't go and buy a huge asset at a grossly inflated price.

But I believe the big boys are still collecting.

Dream some more ....

Selling off the jewel in the crown. Not a decision that favour minority shareholders.

God only knows where the surplus cash will end up.

Seriously, why would they sell the mall? To me it is the jewel in the crown. At least worth 50 sen if not 70 sen per share.

This is the kind of recurring income that can bring about a re-rating of the stock.

I don't see the rationale to dispose of the shopping mall. Unless it is a failure but then nobody would want it anyway.

Assuming just 70% take up at a conservative average rental psf of RM10:

420,000 x 0.70 x 10 x 12 = RM35,000,000 gross yield p.a.

Allowing 20% costs gives a net yield of RM28m or about 5 sen per share. This is recurring income, worth at least a PE of 10 times. The yield from the mall alone is worth least 50 sen per share.

What is the share price now?

Cleared the last of the substantial sellers? Volume 5m yesterday.
Persistent accumulation by those "in the know" over last 3 weeks. Watch if the volume thins out.

http://www.oskvi.com/our_portfolio-2/

Fat man wants new toy. Check shareholdings of OSKVI.

ya

The proceeds of US$90,000,000 from the issuance of the Notes will be utilised as follows:-

(a) US$65,000,000 will be utilised for the redemption of Series 2 US$65,000,000 Zero Coupon Notes due on 10 September 2014; and

(b) US$25,000,000 will be utilised for MIB Group's general investments, acquisitions, refinancing of existing borrowings and/or as working capital.

Target is Green Packet

big buaya who call the shots

The fat man took his stake to over 60% with that MGO. Undisclosed stake ???? There is not much free float left. Few sellers above 0.70.

Highest close since 2010. More to come.

Uchi008, you have left another of Mulpha Australia's principal assets - Sanctuary Cove. The hotels and resorts too, Care to do your revaluation exercise again?
___________________________________________

Mulpha Australia Limited (100% owned) acquires, develops and manages a key range of property and lifestyle investments across Australia, as well as a 25 per cent stake in Aveo Group.

Mulpha's broad Australia asset portfolio includes:

Sanctuary Cove
InterContinental Sanctuary Cove Resort
Hayman Great Barrier Reef
InterContinental Hotel, Sydney
Cathedral Street Car Park
The Hotel School Sydney
Salzburg Apartments
Aveo Group
Bimbadgen Estate
99 Macquarie Street
Norwest Business Park

Whisper this quietly - OSKVI on the move .....

they own 16% of GP and the Fat Man has accumulated 60% of OSKVI.

Who do you think are buying GP now?

Institutions! Surely they know what they are doing ....

possible dividend pay-out from settlement of this inter-company loan????

accountant zu1967 - do you know the amount of inter-company loan?

Vamp, ocpd - do u know if P1 owes GP any money or not? I can only guess there must be some loans to P1 that must be repaid. I don't know how much.

The initial capital injection of 350m will be used to pay off P1 suppliers and some creditors. GP may be due to receive some of this 350m.

Anyone knows how much the inter-company loan? Please reveal here, thanks very much.

Recovery in TM will may save GP for the time being. Further out GP will rise gradually.

I can't see anything seriously wrong in the deal for TM. Just imagine if TM were to start from scratch. Not just have to spend far more money, there is also the value of time. Now TM's ambitions are fast-tracked several years. The truth is TM got P1 on the cheap. P1 likely to be profitable in FY 2016.

Compare that with YTLP's YES. After 4 years (i think) it is still bleeding cash - far more than P1. Unlikely to be profitable for another 3 years at least.

TM's mobile broadband business would have taken 2 years to be profitable vs YES's 7 years (at least).

What's past is past. Sunk is sunk. Forget the numbers in the books. Look to the future. In 3 years, I hope P1 to have only 20% of the capitalisation of DIGI (42b) or Maxis (52b). You work out how much per GP share that will be.

Essentially, GP gives up 27% in P1 (original 57% less eventual 30%) to have a strong and valuable partner in TM. The alternative was insolvency. Now it has a bright and prosperous future, albeit a much diluted one.

Say, after the new shareholdings are sorted out, P1 is listed. How much do you think will be the capitalisation? 2b? GP's 30% = 600m = 0.85 per GP share. Even at 1.5b, GP's share is 450m = 0.64 ps. Not too bad, really. Future even better.

contra players would have mostly cashed out on wednesday.

everyone in this forum think short term;
we forget there are long term investors.

everyone in this forum think as individuals;
we forget there are institutional players.

I think P1 owes GP 200m+. presumably this will be repaid. Set off againsg lian stock?

Positie eh, zu1967?

Vamp needs to sleep on it tonite.
It will come to him in a colourful dream.!
Haha , welcome back, Bloodsucker!

moneysucker, are you in this syndicate?

Anyone want to comment on TM price tomorrow?