If you don't understand concession business, don't simply talk la.... make people laughing only....not a bad joke. Wakaka

Puncak's director alone costs 17.5 million a year... Piggy bank got so much cash so 50 million for 3 years only ma...sup sup suoi la. Better sit on the laurel burning cash. Triplc is just a peanut business...not worth to consider it.

Better forget about the deal with Triplc lor....not worth it to minority....


So we wait and see how Puncak pay Rozali salaries with the existing peanut business....don't think about Management and Directors salaries can be capitalized wor...See what kind of losses Puncak would suffer for next 3 years...

I have never said that Plantation Expenditure (PE) is not an assets. Don't simply judge la... who don't know PE can't be capitalized...understood mah.

Puncak's plantation business will start contributing only after 3 to 4 years. The existing businesses are insufficient to cover the costs of operation ie directors and management salaries. They may explore potential synergy in the construction segment through acquiring Triplc business.

In addition, Puncak can fill up the empty gap for not having a profitable business for the next 3 years as Uitm construction could start contributing in year 2016 with a turnover between 100 million to 200 million per annual.

It's not easy to get the minority shareholders in the both sides to approve the deal at fair and reasonable price in the acquisition. Not sure whether Rozali would come out a special dividends to persuade Puncak shareholders for approving the deal.

Plantation expenditure 15k per hec for Puncak is quite conservative figures. You see how much plantation expenditure for other companies in Sarawak:
- TSH - 20k per hec
- Jtiasa - 22k per hec
- WTK - 24k per hec



Puncak will have to spend at least 746 million in new plantation business...Its piggy bank will reduce to 350 million even though stop acquiring any new company.

Net Cash in Bank: 1,100 million
Less: Acquisition: 446.5 million ( 60% plantation business 33,400 hec )
Less: Plantation expenditure: 270 million ( 15k/hec estimate 450 million x 60% )
Less: Palm oil mill : 30 million ( Estimate 50 million x 60% )

Posted by steveooikp > Dec 7, 2016 05:21 PM | Report Abuse

up_down
u mean the mgmt will not do anything with those cash?
the mgmt just sit there to receive director salary?
once acquire those profitable counters. QR will turn black

Steve. OSK and Coastal are not favored by the market..As I said it should be OK if you are a long term investor of Puncak.

Peanut price so forget about the deal lor....

You think minority of Triplc want to sell meh? Triplc can standalone without any need from Puncak.

Not easy to scout for profitable business nowadays. Triplc is able to contribute profit immediately but minority said not worth it so forget about the deal.

Steve. It takes at least 3 years for the plantation business to start bear fruit la...Don't expect any profit from this segment in next few years. It should be OK if you are a long term investor.

Yeah... plenty of cash but minority may not able to enjoy the cash in the form of dividend other than watching it depleting to acquire new business venture...

Steve. Minority claimed that it's not worth to acquire Triplc so....temporary no other profitable business to cover its current operation other than plantation business....

Puncak will have to spend at least 746 million in new plantation business...Its piggy bank will reduce to 350 million even though stop acquiring any new company.

Net Cash in Bank: 1,100 million
Less: Acquisition: 446.5 million ( 60% plantation business 33,400 hec )
Less: Plantation expenditure: 270 million ( estimate 450 million x 60% )
Less: Palm oil mill : 30 million ( Estimate 50 million x 60% )

Posted by steveooikp > Dec 7, 2016 05:21 PM | Report Abuse

up_down
u mean the mgmt will not do anything with those cash?
the mgmt just sit there to receive director salary?
once acquire those profitable counters. QR will turn black.

What your main intention of buying Puncak? Are you able to wait for at least 3 years for the plantation business to bear fruits? Can you bear with potential Nil dividend for next few years?

Dividends payment track record:

- 2016 - Nil dividend
- 2015 Special dividend - RM 1.00 ( after disposal water assets )
- 2014 - Nil dividend
- 2013 - 5 cents dividend
- 2012 - Nil dividend
- 2011 - Nil dividend

0% dividend policy....You are cruel man..you want Flbhd drop back to 1.00..

Puncak will have to spend at least 746 million in new plantation business...Its piggy bank will reduce to 350 million even though stop acquiring any new company.

Net Cash in Bank: 1,100 million
Less: Acquisition: 446.5 million ( 60% plantation business 33,400 hec )
Less: Plantation expenditure: 270 million ( estimate 450 million x 60% )
Less: Palm oil mill : 30 million ( Estimate 50 million x 60% )

Flbhd PER would be 9.6x if it can make EPS 16 cents in 2016....not really undervalued at this price...Dividend is still tangling..

It's a very small profit for a contract concession for constructing Uitm...worth 600 million on ma.... worth or not worth not because of talk talk...people know how to evaluate the price themselve lor....not through tailing sifu...

Better Puncak abort the deal la....Triplc can survive standalone with good profit....No need their lans minorities to approve the deal...

Your figure is too low....I guess 4 to 5 cents is good enough....

Flbhd got more than 80 cents cash in its piggy bank but refuse to pay even 1 cents to shareholders this year.....some more, profit warning in upcoming quarter... It's very hard to break the results of 31 Dec 15 la...

EPS
31 Dec 16 - Guess what???
30 Sep 16 - 2.79 cents
30 Jun 16 - 4.5 cents
31 Mar 16 - 3.21 cents
31 Dec 15 - 10.37 cents

If you like to see cash in piggy bank staying in the company for long long time....Better buy Kseng, Orient , SAB lor...they pay peanut dividend but at least happy to see cash keep in the bank.

Puncak no better than Triplc other than a bulk of cash sitting there waiting to be spent in new business until no more. It will become another high NTA company without cash.
Better Puncak stop acquiring Triplc lor... Don't need Puncak to buy over....

Existing peanut business is suffering huge losses. New acquiring plantation business takes at least 3 years to bear fruits. Piggy Bank got plenty of cash but Nil dividend so how?

No profit couple with suffering huge losses so No dividend. Puncak would use up its money to buy buy....plantation business and invest in mills .....profit contribution will only come true 3 years later. Are you a long term investor? Triplc is now the option helping Puncak return to the black immediately.

Mycron had gone up by 400% to 500% in less than a year couple with No dividends and weaknesses in market sentiments. Many have locked profits regardless of low PER.

Rakyat don't have any confident in our RM if our government doesn't take any stern measures. Then more people might dump RM due to incompetent of government. The government should curb excessive speculative activities of currency. Free float of currency is not really effective.....to let those unscrupulous bankers or speculators taking advantage during uncertainty situation. Low income group is the one would suffer in the end. Therefore, it would be a good move to stabilized RM against USD early to protect the economy.

No point keep arguing for triplc if you refuse to learn more information about this company especially when your mind is occupied with bad image of something. why I said this..... cause you said Triplc is a lousy investment to Puncak even offer price has not been confirmed...

You better check how much they charge for the maintenance before accusing of low maintenance fee....wakaka

Posted by stockraider > Dec 4, 2016 03:58 PM | Report Abuse

Triplc have nothing....else to show...other than UITM concession loh..!!

How much u can charge the govt just to maintain the campus ?
Not much mah....!!

Also everything go up....the maintainence cost will go up skill high but the fees already fixed loh....!!

U think Triplc is good as a contractor meh ??

Puncak is protected from LTH?...I don't see any...but I saw Puncak was suffering 100 million losses in last quarter. It seems LTH is not acting as a body guard leh...


Posted by stockraider > Dec 4, 2016 04:00 PM | Report Abuse

If i were u better sell triplc and buy puncak loh....!!

Safer and got bigger margin of safety and with tabung haji protection loh.....!!

Too low price offer to Triplc...Triplc minorities also don't want to sell la. Don't think Puncak acquisition is the only way out for Triplc MI. Triplc is a profitable company than can standalone whereas Puncak is cash rich but keep suffering huge losses. Better the deal call off. wakaka

Posted by stockraider > Dec 4, 2016 03:44 PM | Report Abuse

SIMPLE MAH....!1

IF ROZALI DISPOSE TRIPLC HIGH HIGH TO PUNCK &..BENEFIT FOR HIMSELF ONLY MAH...LTH JEALOUS LOH...!!

BCOS TABUNG HAJI...NO BENEFIT MAH....BCOS PUNCAK NEED TO BUY HIGH & SUFFER MAH.....!!

THATS WHY LOH....!!

Why LTH wanted Rozali to dispose his stake alone in Triplc leh? LTH's board is also figures appointed from by the cronies.

Posted by stockraider > Dec 4, 2016 03:25 PM | Report Abuse

SIMPLE LOH....IF ROZALI....MANAGE SELL BULK OF HIS...TRIPLC....HE WOULD FAVOR PUNCAK LOH.....!!

SO THOSE PEOPLE HOLDING TRIPLC....HOPING PUNCAK WILL BUY EXPENSIVE FROM THEM...WILL BE DISAPPOINTED LOH....!!

IF ROZALI...DID NOT MANAGE TO DISPOSE...HIS TRIPLC....THEN TABUNG HAJI WILL VOTE AGAINST IT....THE DEAL WOULD FAIL LOH...!!

I'm a simple man....Puncak got too much cash in its piggy bank. Sometimes, it's very hard to resist......

Posted by stockraider > Dec 4, 2016 03:14 PM | Report Abuse

WHY ROZALI CASH OUT LEH ??

BTW U HAVE NOT ANSWER RAIDER VERY GOLDEN QUESTION LOH ??

We can't deny that Rozali could be playing around with the share prices of both Puncak & Triplc to accumulate more shares under his proxies. It's more likely Rozali wanted to cash out Triplc from the acquisition of Puncak.

Raider.. Don't simply pluck a reason out of the air wor...Do you remember your reason for guessing profit dropped of Tguan hit wall by relating to similarity business between BPlas & Tguan.

I can understand some reasons behind for Dutch Shell to dispose Shell Malaysia at cheap price due to potential hidden kickbac....enjoy by Shell or the management cause they are running a worldwide business. I can't really get through your reasoning related to Triplc as its share liquidity is low.


Posted by stockraider > Dec 4, 2016 02:14 PM | Report Abuse

Raider says danger loh....!!

Triplc...if Rozali sell Triplc....that means....he no longer have vested interest loh...!!

Human nature will result....he will try to give...not a so good price on Triplc woh....!!
That means it will negotiate like hell to favor....Puncak mah...!!

So very dangerous for Triplc shareholders if Rozali selling loh...!!
At moment...Triplc can get a good price for Rozali...bcos people thought Puncak will buy at a good price with a takeover..!!

Puncak can turnout offer a low low takeover price like what happen to Shell loh...!!

It may not be true the offer price will be good loh....but Rozali can run at a good price now loh...!!

SO BE VERY VERY CAREFUL LOH...!!

好一式 '随机应变' , 無招勝有招 . 可惜這境界是'戰無不勝'終變無可求.

Posted by SOP2 > Dec 4, 2016 01:05 PM | Report Abuse

没有单一的投资法是永远适合于所有的时候。能随机应变好，但是随机应变是不简单的事。

Raider, Puncak has not even given an indication of the offer price. Triplc owned the concession assets from the government. why you said Triplc could be a lousy investment leh? Base on what assumptions?

Posted by stockraider > Dec 3, 2016 10:11 PM | Report Abuse

Triplc investment is a lousy investment loh....!!
Thats why tabung haji disagree & Rozali is disposing his stake in Triplc....in order to avoid related party transaction loh....!!

Raider believe the xtra cash better to use for plantation than go for triplc.....mah....!!

The cash of Puncak....must be properly use loh...!!

LTH is seen happy for the HOA between Puncak and Triplc. That's why LTH has accumulated more than 3.5 million shares of Puncak for the past few months.

Likewise, many investors know Warren Buffett's classic rules: "Be fearful when others are greedy, and be greedy when others are fearful." But to apply this rule effectively in real life is an entirely different issue.

Nothing wrong with the golden rules. It's just how investors apply the rules practical to suit with the market sentiments. Golden rules is a good yardstick and not a 100% winning formula.

開始學習法時依人,學成之後依法不依人.

Murali master is so good....he could foresee KoonBee would be thriving in Bursa.

KoonBee is almost 天下無敵 in Bursa.

KoonBee....best ever name in Bursa.

Probability. Without kyy, OTB might not be so famous. He become so famous because of managing funds for a 100 millionaire. Without kyy, those stocks might not able to goreng until sky high. Wakaka

Posted by probability > Dec 2, 2016 10:42 PM | Report Abuse

but we all cant deny...the most intelligent and skilled sifu here... who knows what matters and all that matter... is Mr.OTB.

he is like the unknown knower..
the unseen seer of all...

This is an entirely different case. Without advice from OTB, kyy will be back to layman investor. OTB is the kingmaker.....very very important lor. Kyy got nothing to boost in the public if he sack OTB.

Posted by MataSejuk > Dec 2, 2016 10:28 PM | Report Abuse

pitty OTB has to manage kyy account....

No no...not a Superman T-shirt. Stock GOD or Super Investor T-shirt is more appropriated. Wakaka

Posted by probability > Dec 2, 2016 10:27 PM | Report Abuse

lets buy a Superman T-shirt for the 5 yr old oldman and make him feel he is Superman lor....

Posted by Up_down > Dec 2, 2016 10:21 PM | Report Abuse

Of course, this is a business world. Your boss would take all the credits.

Posted by CharlesT > Dec 2, 2016 10:19 PM | Report Abuse

So somebody managed his funds to make money for him n he called himself superinvestor?

Of course, this is a business world. Your boss would take all the credits.

Posted by CharlesT > Dec 2, 2016 10:19 PM | Report Abuse

So somebody managed his funds to make money for him n he called himself superinvestor?

Fair statement. OTB positions himself as a value trader so he is more suitable to manage funds for Kyy as both has a similar values in investing / punting.

Posted by stockraider > Dec 2, 2016 09:54 PM | Report Abuse

Raider a practioner of KYY golden rule and KC type of value investment loh....!!

Raider see that both system can work....but why are they holding each other throat ??

KYY
Raider see kyy is a so so investor loh....company like mudajaya & jtiasa, Xinguan he consider good buy...but really fail in many fundamental aspect.

KYY success come after 2014, with his momentum golden rule strategy on export counter....that amazing outperform loh....!!

But this type of investment is a short term play loh...!!

KC
He is a classic fundamental investor, this type of value investment generally can outperform in the long run...but must be discipline and patience mah....!!

People like KYY type...of arrogant & publicity seeking personality have no patience in roughing out on this type of strategy mah..!!

Raider see the Golden Rule...is the best gift to KYY....but with his little bit of success...he is criticizing the proven margin of safety investment loh...!!
He should understand they are many ways to successfully invest loh...!!