believe its VT that made those investment decisions in Jeju and China that ended up with impairment losses... or, BJToto's impairment thanks to our police force not cracking down the illegals... though, since he's the CEO, he has to fire someone for it or best yet, himself...

from vietlott.vn/en/

Estimated Jackpot Mega 6/45, draw date 31/08/2016
25.624.053.000đ

Anyone know the growth rate and if the growth rate is good for the gaming industry?

never understand, why's so many 'care' about me and ask me to sell?

hng33, I am sorry if my statement has angered you. I just meant to express what I know. While I have disagreed with you on valuation, I never disagree with your trading success. Otherwise, I won't be trying to sell at 1.08 and buy back at 1.06 previously. Not a success story to tell, given spread and quantity involved though, haha...

Reporting another RM 18 million losses this quarter, what a great accounting and management!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5186601

As if less losses with each passing quarter, from almost RM 100 million 4Q2015, to over RM 45 million 1Q2016 and RM 18 million 2Q2016, should be a blessing?

Really in no mood to read the quarter report in detail now, will do that later tonight. Sigh!

wordless...

so hard to comprehend, BJCorp debt is on a downward trend, project projects that were in trouble earlier are either completed, close to completion or being dealt with (in court or being sold), and obtains Vietnam gambling license, yet share price in on a down trend?!?

Err... I did buy this morning at .335, wonder if I'm right?

bought some at .335, initially thought about Q at .33, hope that's not a bad decision...

LTH is buying again, even LTH is trading on Puncak now, sigh!

for your crisis to happen next year, there will have to be a rally first...

alas, previous low is also .34 and .335, also around end of august last year

hng33, my understanding goes like this, you are trying to describe to me the right way is to treat the market as is from a trader's perspective...

hng33, why? Just because we hold different viewpoint on the market functionality, it didn't forbid you from posting your perspective. Just because I insist on my view, it doesn't mean the market has to agree with me...

jacklintan, how's one evaluate a business? Its the future 'estimated' cash flow discounted to present value given 'investment rate'. The estimated cash flow may or may not come in, the investment rate could be higher or lower... When you value cash, though, you can't apply that concept because its present...

Surely, you may say salaries need to be paid, etc., undeniable. Though, if a listed company can't even defend its net cash position for his shareholders, who's to believe the manager of the firm? If market regulators can't defend investors at this stage, how're they going to defend the market mechanism?

Again, some citing Chinese companies listed on Bursa, which also priced at deep discount to cash. Though, they failed to realize two things, (1) those money is in China audited by China auditors with a business environment much different than Malaysia's (2) those companies have existing businesses that require cash reserve to run its businesses. All the while, Puncak is NOT only net cash company, but its existing business requires none of this net cash for support.

thought so long share price closes at .345, that would be a strong support of bottom at .345?

hng33, assets that's equivalent to cash but not cash surely can't be valued to its full cash value, not to mention lands that need to be sold before it can be called cash... BUT, cash is cash, there's no conversion. If market doesn't value it, BODs should, and if BODs not, market regulators should, particularly when the company has no core business that's sitting in search for 'new' businesses!

You kept mixing the cash with land and other cash equivalent assets while kept emphasizing the market pricing mechanism based on ROE, ROA. You have failed to realize that you don't need ROA or ROE to value cash, because cash is present value. AND, ROA and ROE come with uncertainties that the ROA and ROE could be lower leading to the present value based on discounted cash flow to be MUCH lower...

hng33, I agree that market does not always agree with the 'fundamental value' of the company. However, to a cash rich company trading too far below its net cash, it is a BIG issue, which is why I believe Puncak should trade between 2.30 - 2.80 before any deal is announced for shareholders' approval...

Since Puncak is still holding on to land and buildings free of debt of at least another RM 350 million, about RM 0.70 per share, its hard to believe Puncak BOD can offer better deal to its shareholders by acquiring other assets but not share buy back... And, if system doesn't allow shareholders to stop any attempt that apparently bad for its shareholders, our regulation needs attention. If none of our regulators is aware and act on it, our regulators need attention. Err... probably not, given our great politicians, from BN to PR/PH, who have sunk to new LOW in integrity and virtue...

Parkson, please go through the details of Puncak's quarter reports... Most of so-called losses are tied to write-down in 'goodwill' and 'concessionary rights'. And most cash drain is due to early payment to suppliers.

if you are shareholders, you have to learn to voice out to NO deal... If you are tryin to scare some small shareholders into selling, please forget it, cause those would sell have sold... If you are nonsense trying to ridicule investors just because you are too free, probably you should get a new hobby... 己所不欲，勿施于人，别老干损人不利己的事。。。

won't touch rozali's shares anymore, except for trading some Puncak until I make enough noise trying to make sure he won't get any deal unless Puncak is trading close to net cash...

http://vietlott.vn/en/

Estimated Jackpot Mega 6/45, draw date 21/08/2016
21.032.293.000đ

Compared to earlier jackpot of 20.253.396.500đ, its an increase of 3.85%. Anyone knows how's it translate into sales increase?

An article on bjcorp Ritz-carlton residences is available on Saturday's star paper bizproperty section, those interested can take a look... estimated to be completed next March with 288 units

Think there is a likelihood Puncak taking TRIPLC private...

http://www.theedgemarkets.com/my/article/triplc-scraps-sungai-buaya-land-disposal-worldwide-holdings

TRIplc scraps Sungai Buaya land disposal to Worldwide Holdings

hng33, I know, mostly, 900 over million kept in short-term investment, Though, there are still about 300 million not under this category. In the last quarter report, some of it is used to pare down payable, which is why the total cash in hand is lower. With this coming quarter, would the same happen again? If not, hopefully we will observe an increase in total cash in hand...

In addition, I was hoping before the end of this month, Puncak will provide details on the disposal of China water asset that will see an increase in net cash in hand post disposal

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180677

Disposed Ordinary shares 15 Aug 2016 200,000

Disposed Ordinary shares 16 Aug 2016 100,000

hng33, actually, I am more interested to know the operating cash flow situation of Puncak in coming quarter report. Profit and loss statement can be misguiding sometimes...

http://vietlott.vn/en/

Estimated Jackpot Mega 6/45, draw date 19/08/2016
20.253.396.500đ = USD 908,364.00

Puncak's high net cash is meaningful to shareholders only when those sitting on the board care, and if they don't, it's meaningful only when minority shareholders voice out STRONGLY... at least, that's what I thought

so quiet today? real surprise...

tt101, exactly, an abandoned project is definitely better than an unsold but completed project... Just hope not much has been spent

err... there's no saying what Rozali would do... All I know is simple, if when any deal is announced and yet share price didn't at least cross 2.30 (possibly 2.50 if China water asset disposal results in higher net cash per share), it would usually mean bad deal to shareholders. We should all attend GM and protest strongly with a NO!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5178381

Reference is made to the earlier announcement dated 18 April 2016 in respect of the HOA. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcement.

The Company would like to update the Exchange that pursuant to the HOA and NDA dated 18 April 2016, both Puncak and TRIplc had on 17 August 2016 mutually agreed to extend the HOA and the Due Diligence Period under the NDA for a further period of three (3) months, until 17 November 2016 to facilitate the on-going discussions and negotiations for a potential acquisition by the Company of the businesses of TRIplc.

The Company will make further announcement if there is any material development to the HOA.

This announcement is dated 17 August 2016.

Closing .35 or .355 today?

roger, blah blah blah...

firehawk, I said I sold what I bought between 1.00 and 1.04 at 1.08 and bought back at 1.06 and you kept posting I sold at 1.08?!? Are you UMNO? 断章取义，造虚弄假？ Or, are you the one selling me at 1.06 and buying from me at 1.08?

And if I did, at least I got my voice out, siok

My 1 voice surely most likely won't, but if I don't, it will definitely won't ....

rMoi, like I said, if Rozali think deal too good not to take, either make sure Puncak share price is above 2.50 or offer a cash out option to shareholders not liking the deal. Otherwise, I will voice NO in the GM and ask others not to take the deal!

Berjaya Sompo has Malaysia 4% general insurance market, will bjcorp sell to take profit given current trend in insurance M&A?

well, we need to see 1.40 before seeing 1.80, not to mention what Puncak should really be priced, between 2.30 and 2.80... Hopefully there is real players buying, and whoever trying to goreng Puncak kena kuat-kuat

Slight relief... Hopefully can cross 1.40 soon

cheoky, jacklintan, thanks for the news and encouragement. I have actually added some between 1.00 and 1.04 during the last drop. The comments I have made are only to express my views after reading others'.

Well, LTH selling 400,000 shares of Puncak

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5174693

Disposed Ordinary shares 09 Aug 2016 150,000


Disposed Ordinary shares 10 Aug 2016 250,000

Roger, LTH is not doing it for other small shareholders, but to benefit itself that will end up benefiting us, the other small shareholders, as well.

And the main reason I am happy with LTH buying Puncak is simply because LTH has more muscle as minority shareholder to push Rozali for a better deal to small shareholders that include they themselves. Of course, whether they will do it or not is another question, just hope LTH will...

Strange comments I have read so far from fellow friends interested in Puncak...

Puncak is holding a NET cash of almost RM 1.2 billion but market cap is less than RM 550 million. All kind of news pointing towards Puncak 'huge' loss but not keen to point out that they are mostly impairment while operating cash flow in not negative (the latest quarter report showing a almost 39 million negative operating cash flow, but the balance sheet is showing a reduction in current liability, meaning its cash rich and pay ahead!). When seeing the Puncak's share price began to rise from a low of less than RM 1.00 (which means market cap is less than RM 500 million,) all news points towards Rozali will make good on TRIPLC deal, or it will be earning accretive.

I wonder, since when, a cash in hand is less valuable than future profits? How on earth a deal when announced didn't result in the company valued more than its net cash in hand a 'GOOD' deal?

If we are here to goreng stock, surely I can understand. Though, I can't just agree with others, simply because I am 'stuck' in this company, hoping to goreng it up so others can buy my share at premium (a premium less than its net cash in hand?) I will only voice out my concern and put in my protest in the GM, while warning others trying to make short term profit out of this stock to be aware. As small shareholders, we have to VOICE out our concern, or those big sharks will treat us like 水鱼...

jacklintan, when fundamentals are ignored, there will be bubble, and bubble burst! Imagine you are Rozali and TRIPLC is not related to you, would you consider buying it at 'fair' price when knowing well that your company is heavily undervalued?

Also, imagine a cash option is offered, how many shareholders do you think would actually believe in Rozali creating GOLD out of TRIPLC that would be far better than the current cash hoard, especially after so many goodwill impairment?

From a minority shareholder's perspective, if Rozali's so confident to win small shareholders' approval, what harm would there be if a cash out option is to be offered? Of course, I am not talking a cash out option that's below 2.50...

rMoi, I voice out because your are commenting as if Rozali is good to shareholders, the deal with TRIPLC will benefit Puncak shareholders, and Puncak shareholders should be grateful to Rozali. All my comments are pointing at Rozali NOT kind to shareholders, the deal with TRIPLC will NOT benefit Puncak shareholders unless the share price itself is trading close to its cash per share, and Puncak shareholders shouldn't treat themselves like beggars or dogs and be happy at the 1.80 (a price you suggest, not me) he will throw to us...

More importantly, as shareholders, we should say NO to the deal if Puncak share price can't even trade close to net cash per share when deal is announced!

Rmoi, don't think you know what you commented...

rMoi, yes, a company worth is not all about the high net cash only, but the PROBLEM is the company is not even valued at its net cash, and that's the BIG problem!

rMoi, you are crazy to suggest not getting 'greedy' on TP above 1.80. Puncak has a net cash of 2.67 per share besides another 1.00 per share of asset. With the disposal of China water asset, net cash should rise further, my guess is above 2.80.

If a company share price is traded so far below its net cash per share and the BOD is not doing anything, its called abuse of power while the BOD is lack of integrity. If we, as shareholders, should be happy over a share price rise while ignoring the fact that the share price is ridiculously priced, we should call ourselves speculators and not shareholders. Oh, a better word, NUTs, cause we are looking at charts everyday while ignoring the fundamentals!

chonghai, I don't have to understand the business of TRIPLC, I only know that if market views the deal good, it will response through share price. Given current share price is not even 40% of the net cash per share of 2.67, I have to doubt the deal. If Rozali think its so good, he should offer shareholders who disagree with the deal a cash out option with at least 2.67 per share, the net cash per share now. Let those disagreeing with his 'brilliant' deal no chance to make money from future rise in share price.

Had he initiated share buy back when he's trying to secure a deal with TRIPLC and keep price between 2.00 and 2.30, I would have respected him. If he had let others manipulate Puncak share price knowing the deal is good, well, let us small holders who's pissed off to go! To me, Rozali is nothing but a piece of sh*t now!!!