Once its properties been revalued, its market value could go to RM5.00. then I believe its share price will go RM2.50. At current lever, fair value is at RM2.00 given its historically NTA of RM3.30. Stay tide for RM2.00 for the time being

RM2.80 ? need to revalue all its properties first. I am happy with RM2.00

CYPARK

going to suspense and make announcement soon

still "watch" ? take action and buy

because buy on rumors and sell on fact.

any time longer after 28/2/18 will depend on the Sri Kebangan development, which still record at cost

most analysts won't specify time frame, but I do with target level....If u detail enough, the time frame is after the results announcement

short term before 30May will be RM1.20....1 year period until 28Feb will be RM2.00.....u decide when to sell

Please don't influence by others. You make your own call

what do you think ?

RM1 is still too low to take profit. You should know why by now

SmartInvestor Group

volume creation

stay...to hit RM1.00 soon...people slowly realize this stock potential

toward RM1.45 first level...

buy on rumours sell on facts.......

Time to buy up before too late...

Thanks, khatulistiwa1234. Health is the most important asset in life

Hallo..be serious and don't off focus ! We should be united to vote against the resolution

Why disturb them if they can pay good dividend and produce good earnings ?

I just read into detail the company annual report. I also notice that the company did not revalue its properties since acquisition. The last revaluation was dated 1999. As far as accounting technical, the company is allowed to do that under MFRS 116 para 29 where the company is allowed to choose cost method or revaluation method. Poh Huat decided to choose cost method in this case during the effective of the MFRS 116.
The company main properties are in Muar and Vietnam. I do not know the property in Muar, but I do know that Vietnam property has increase "a lot" for the past 10 years. Based on its annual report disclose of Vietnam property of RM45m, assume double up, then we can expect the market value could be RM50m or 23 sen per share. Its Muar landed properties also around RM50m, and assume 50% mark-up toward market value or RM25m, then total group increase in valuation will be 35 sen.
I don't think it is a concern to revalue or maintain its cost. Why need to pay unnecessary valuation fee at shareholder expenses ? Valuation in Vietnam could be expensive too, and gain from valuation could be subject to income tax. Most importantly, the company must be able to generate sufficient income using the properties and facilities to distribute the shareholder and capital expenditure.

Anyone here plan to attend the AGM ? It is in Muar. Car pool ?

I hope Symlife is not going to be another L&G

Kris Wong....where you get this info that MSWG will hold a forum on this L&G deal on 14/3 ? Please advise us the source. Thanks

It sounds like BRIM, looks like BRIM but not BRIM !! Take out RM100 from your pocket and pay you RM2 as sweetener.....Please lah...it is getting suspicious on this RI and special dividend deal. the best win-win situation is to revise the RI to a lower ratio. I do propose to major shareholder (or management) announce to abort the original resolution, and come out with new fund raising proposal. As I mention earlier, why not jus buy up the Semenyih land only ? and we can buy the rest of the land in a later date since the land all below to the major shareholder ? Please consider my proposal, L&G Board .... I am trying to find win-win solution.

Despite the special dividend, I still vote against the resolutions.

Haha...Agreed with Hitto

90sen is reachable before 30mar

Nooobieee, are u entering the wrong room ?

calvin, I join you again. selling over. buying

Any of you have connection to the Lembaga Tabung Haji and EPF ? Both of them hold 4.43% and 1.62% respectively. Must present the case to them and advise them to vote against the resolution to protect the RAKYAT fund !

Please make sure the completed proxy formsssssss be available at the Registered Office 24 hours before EGM (i.e. 13Mar, 5pm) ! And the shareholder must be in the Record of Depositors as at 9 March 2017 (i.e you must buy the shares before 7 March).
Please VOTE AGAINST the resolution and be highlighted in all the media. SHOW them the power of minority.

Let's put all number in a right perspective. First we don't assume minimal scenario where only the major shareholder fully underwrite the shares. Also, we don't assume the maximum scenario where all ICULS are converted.
Based on latest circular, its share in issue is 1,119 mil. A RI 8:5 @RM0.21 will enlarge additional shares of 1,791 mil shares (or total gross proceeds RM376 mil), and the final share in issue will be 2,910 mil shares. The major shareholder is "smart" enough to raise RM376 mil , and just sufficient to "contra-off" the purchase acquisition of RM336 mil and the balance goes to corporate expenses and working capital, etc....Mingo....they did not touch its cash YET in the balance sheet of RM471 mil as at 31/12/16.
Impact ? the major shareholder managed to dispose his land to L&G for RM336 mil and pay RM172 mil (assuming full undertaking arise), and pocket RM164 mil , AND raise its shareholding toward 40% level AND no GO needed ! The major shareholder is taking minority fund into his pocket, AND at the same time raise its shareholding FOC ! the cash of RM471 mil in balance sheet remain untouched and assume a 40% control, meaning the major shareholder still "own" back RM88 mil.
Impact on NTA and cash per share? Well, a math calculation show it is diluted to RM0.356 and RM0.16.....

Even you own 1 single share also can vote for / against the AGM /EGM

We should ask the management not to be so "aggressive". Why not just purchase the Semenyih project (the Diamond City) for RM134m. This project take up 40% of the total purchase consideration. With this, management may abort the rights issue ! It can be financed from its cash and borrowings.

Gogogo....major shareholder is not allowed to vote. We have chance to against the RI

Calvin, you can buy more at 1.25 level....I will be there to wait for you in the train

We should call or promote all minority shareholders to come for the EGM. At least, give your proxy to those who want to come to defend minority interestes

With current book NTA of RM2.12 and market value NTA of RM4++, the price can easily be trading at RM1 level in the short term. Still can buy now

http://klse.i3investor.com/blogs/kianweiaritcles/117524.jsp
Still hold on ? time to jump bus...

Any of you go for EGM ? Can anybody explain why the company want to raise cash from rights issue to finance property acquisition while they have sufficient cash to do so ? Total land purchase goes to RM314m. Its cash stands at RM471m. Why raise fund with rights issue for RM170m ? And it is a related party transaction. Can't we feel suspicious on this ?
The company cash per share stands at 35 sent but the current share price only 31.5 sent. The main reason is the rights issue. Alternatively, they should adjust the ratio to 1 for 2 which may not so damaging. We should vote against the rights issue in the EGM.

all bull shit theory

still compare ? all lou sai

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5349285

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5348341

aiyaa, this is "normal" for PH. They always announce such thing to hint you that they are going to announce its quarterly on 23 march, 1 month before they announce

Where did you see directors keep buying ? Please share

Demand and supply. Technically sell

Kyy is existing lah

Another opportunity to take profit. Buy on rumours sell on fact