Sorry, think 2 years ago

I had a similar experience once 1.5 years ago with insas, doubled in less than 6 months, unfortunately didn't keep slightly longer for another 100% return.

Singor, yeah, your return is exceptional. I got carried away with the market sentiment end of last year and shifted almost all my investment into Puncak, thinking that its at least a sure deal with special dividend. Sigh! Guess I was wrong

alas, really nothing much can be done, only to await azmin's mercy?!? Hopefully the market has priced in the risk of further delay and an announcement of completion will drive the price high

hng33, no choice but to remain optimistic... sigh!

best wishes to hng33 and may roger prediction comes through... what should be the price target? roger, hng33 is looking at 3.60 if I were not wrong...

hng33, the problem is, until today, they have yet to meet. Guess they are still playing politics.

noticed the shift in company roles of certain Puncak big shots, though they are not as concrete as an announcement by government on the deal. Guess its not a good indicator given political play on the restructuring issue

After azmin mentioned about meeting ongkili last week, there has been no further announcement, yet market is so quite...

think azmin is real lousy, not willing to settle water restructuring yet not charming enough to 'persuade' syabas to perform

agree with jolie on this, a potential change of mb again can be bad for water restructuring

A bit upset knowing epf is selling

Roger, I m seeking to learn more about puncak. Whatever info is welcome, guess will filter using my own logic. Surely, if you are not here to share, i m OK. Truth is, if you are so keen, I guess won't mind just state a 100% trust if that's what u r merely looking for

roger, what gives you the impression something is big?

I have seen thrice share prices rose a few days after hng33 mentioned his purchase... Should I jump in as well?!? Oops, no bullets already, sigh!

kind of have a feeling azmin is willing to delay the restructuring as long as possible. Otherwise, he would have had his secretary called Ongkili's office to set an appointment instead of writing a letter to him

smartly, same here, I have an average cost of 2.90

smartly, problem is the yoyo is in the hand of azmin, and i m not his crony, sigh!

Hng33, thanks Just doubt the government is willing to pay more than 1.5553 bln.

we have BN that's corrupt & racist on one hand, and a PR that's lacking economic-sense & religious enthusiast on the other?!?

hng33, on page 97 in part 2 annual audited account, its stated

"The profit from the discontinued operations of RM255,177,000 is attributable entirely to the owners of the company"

Does that mean so long the deal is not completed with proceeds handed over to Puncak, Puncak shall continue to profit from Puncak's to-be-sold businesses? Think you have mentioned about it before, but can't find the source

Problem is, in page 98 in part 2, its also mentioned that cash flow from discontinued operation is a -RM132.988 millions. How's Puncak going to benefit from the profit when the cash flow is negative while its a business to be handed over?!?

hng33, noted with thanks.

If I were not wrong, once restructuring is completed, Azmin will RAISE water tariff, claiming its in the BEST interest of Selangor people to help preserve the precious water resources and also because of GST, haha...

hng33, what give you the impression that PKR and PR are also unhappy with the water restructuring dilemma by Azmin? Thanks

hng33, until azmin concludes the water restructuring, its hard to say if he really intends to complete it. His record is bad, bad, bad

guess anwar loved khalid's sleepy look for years til last year...

jolie, good to know that you have proof... probably anwar forgot to slap khalid, and khalid thought anwar didn't love him enough

jolie, are you sure? Anwar praised Khalid like hell before he was sacked, probably curses him like hell now

Singor, still holding my shares not sure what to do, guess if government so keen to raise salary now, they should have enough to address the water issue in selangor...

singor, you do have a point, especially with commodities not seeing the light of hope. Hope this will not happen, sigh!

Hope for the best. Roger, how firm is ur info? TQ

Guess market got no clue too?!? Azmin too unpredictable

don't think they met yesterday

really? thought got stamp duty already?!?

Given Azmin's record, good luck believing in him on this?!?

http://www.themalaysianinsider.com/malaysia/article/selangor-putrajaya-to-discuss-water-deal-next-week-bernama

Selangor Menteri Besar Mohamed Azmin Ali will meet Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili next week to discuss Selangor's water supply industry restructuring.

Azmin said state government officers headed by the state secretary had held discussions on the matter two weeks ago.

"The state government really wants this and we welcome the federal government's intention to continue negotiations, provided that it must comply with the terms and conditions of the original agreement," he said in Klang today.

After discussions between Selangor and Putrajaya on March 23, Ongkili said the agreement terms to restructure the state water industry remained the same.

On the status of two land assets in Bukit Nanas and Semenyih involved in the master agreement, Ongkili said it would be determined after further discussions between the two parties.

The Selangor government on Tuesday said that the federal government was trying to take over the entire 26,000km of water pipe assets including land even though it contradicted the master agreement on the water restructuring exercise.

Azmin said that as a result of the action by the federal government, Selangor had called off the restructuring deal signed on September 12, 2014 before they agreed to renegotiate on March 23.

rich, hopes Puncak will reach 3.80, and soon, kind of tired waiting...

roger, thought you are referring to yli on 'something is going to happen in may'?

Fed shows hand?!?

http://www.bernama.com.my/bernama/v8/ge/newsgeneral.php?id=1122554

April 30 Deadline For Selangor Water Restructuring Extension

KUALA LUMPUR, April 2 (Bernama) -- The Selangor government has up to April 30 to respond on extending the cut-off date for the Master Agreement on the Selangor water supply industry restructuring, said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili today.

Failing this, he said, the Federal Government would take the view that the Selangor government was not interested to take up the offer on the restructuring exercise and complete takeover of the concessionaires in Selangor as contained in the Master Agreement.

He said after the deadline, the Federal government would take the necessary action required under the Water Services Industry Act 2008 (WSIA) and other relevant laws to ensure the national interest and welfare of the people were protected.

"To ensure the security of water supply and completion of all planned projects including mitigation measures, we are hopeful that the spirit of cooperation as upheld by the Selangor Government in the past will continue to prevail," he said after visiting the Langat 2 Water Treatment Plant in Hulu Langat near here.

Ongkili said the cut-off date for the Master Agreement had been extended twice as it lapsed on March 9 but the Selangor government did not agree to extend it further to complete the Master Agreement's implementation.

"I have even personally written to Selangor Menteri Besar Azmin Ali on March 12 asking him to rethink his decision not to extend the cut-off date of the Master Agreemen as well as on outstanding matters that need to be resolved. However to date, I have not received a formal reply from the Menteri Besar," he said.

Ongkili said the federal government valued very much the royal address by the Sultan of Selangor, Sultan Sharafuddin Idris Shah at the opening of the state legislative assembly sitting on March 30, in which he expressed concern on the impact of all the delays and politicking to the lives of people of Selangor, Kuala Lumpur and Putrajaya as well as on business.

"We hope the Selangor Government will take heed of His Highness' advice thatt he Master Agreement is implemented fully and ensure security of water supply as planned," he said.

Ongkili said his ministry maintained that the parties involved should respect and adhere to the contents of the Master Agreement.

"There are points in the agreement that require fine-tuning to the satisfaction of both parties," he said, adding that the matters were pertaining to land and other water assets, which had already been agreed during discussions and negotiations in the crafting of the Master Agreement.

"We have not changed the goal posts nor added any new items in the agreement All the Selangor Government needs to do is to comply to the terms," he said.

Specifically, he said, they continued to claim that the land on which the Bukit Nenas and Semenyih plants sit belong to Selangor, which by law was a baseless claim.

Ongkili said the matters needed to be sorted out otherwise the Master Agreement would collapse and the Federal Government would have to revert to other options including legal recourse to exercise its right.

Discussions in the last two years have facilitated the signing of a memorandum of understanding (MoU) on Selangor water rstructuring on Feb 26 last year, a heads of agreement (HoA) on Aug 1 and finally the Master Agreement on Sept 2.

hng33, not really fancy Khalid's personality, but enjoy watching him poking Azmin's aXX, yeah!

大盗小盗横行无忌，夜半细声不可不惊，呵呵

Najib got fires everywhere, sigh!

rich, 3.80 is my TP not that it will be 3.80.... Of course, sure would appreciate if it does, hehe...

Singor, so another month? That's still better than what I have hoped to achieve now

hng33, I do believe the water restructuring will eventually be completed, just not sure if ext 4 is enough. I have earlier estimated Puncak to a value between 3.80 and 4.20, causing me to lost the chance to sell at 3.7x. Guess that's why I have been hoping for Puncak rising to 3.80 - 4.00 range

singor, seems like all issues are only gradually surfacing... truth is, its difficult to understand why Azmin would delay issuing these concerns. The more issues PKR raises now, the likelier PKR politicizing water restructuring. Azmin could have easily raised those issues right after the first extension!

Ah, now fox tail show itself! S'gor mahu terlibat pilih tender Langat 2 - why can't Azmin say it first, hehe...

hng33, I was kind of hoping for something between 3.80 and 4.00, sigh!

every time Azmin talks about water restructuring, Puncak sure kena one, not sure if its BN's or PR's work

Roger, what info have u gathered? Deal completed soon?

roger, who is to believe that water deal to be completed soon given so many disappointments so far?

roger, what aerospace and maritime? water deal closing soon from your source?