sold some MNRB today, sigh! need money to buy BJCorp and Puncak

prahadude, keen to know too, wonder if anyone has any idea?

bought some Puncak @ 2.64 today, sigh! sad to see Puncak not buying back shares at this level

add bjcorp @ .425 today, sigh! sad to see BJCorp not buying back shares

Wonder when will bjcorp start buying back shares again?

Yet to see BJCorp initiates share buy back again, sigh!

No announcement yet from LTH, don't tell me LTH has not even started selling...

in addition to market sentiment, there are so many earlier announcement issues yet to be addressed, including plantation land disposal, Vietnam number forecasting business details, Singapore waste management listing, BJLand China asset disposal details. These do not even include the rumor casino in Malaysia and planned casino license application in South Korea and Japan. Worse yet, earlier heavy share buy back has not been continued, sigh!

babu, I make huge losses from owning Puncak too, sigh! Interestingly, announcement on LTH paring down Puncak stock has yet to be found...

sorry, 677 mln cash

hng33, seems to me your cash per share of 1.90 after special dividend is a bit low. Given its latest quarter report, Puncak already has over 700 mln cash or equivalent. Together with 1.553 bln payment for water asset disposal, it will be 2.253 bln. that's almost 4 per share. Only thing I am not sure is the debt level after disposal, so can't get a better picture

Tan Sri 等死你 a real good one, but lets hope its not in BJCorp

hope its stabilizing by now

I thought LTH will have to post its holding right now, assuming that it did sell on last Friday, but interestingly, no announcement is made...

haha... well said, Grace. Still no harm posting and discussing, it helps to release the pressure from seeing market keeps on falling

Today's purchase closer to the ends is not due to share buy back, could it be VT himself?

Puncak should have bought back shares, but it didn't... Otherwise, the price won't be so desperate, sigh!

supercharge it to 60.... wonder how much is the short position?

hmm... think share buy back kicks start again... luckily

wonder how do the institutional fund work? Shouldn't that, given LTH size, a negotiation with other funds for disposal a better approach?

real upset with no sign of share buy back. have been used to expecting share buy back during downturn...

Wonder if there are other reason causing the sharp fall other than shariah compliance

Fainted, 2.79

good, put VT to jail for life and liquidate BJCorp to give us at least 1.3 per share...

looks like a falling knife, sigh!

if lth keep selling, 2.6 is not even impossible! doubt epf is in the business to buy co with cash but not core business...

klse is dropping cause we are heavy in oil, crude or palm. US is rising cause they are mostly consumers of oil, crude or palm...

curious, why won't Puncak just buy back those shares?

didn't know what to say, the long awaited share buy back is just not there!

Heavy selling, no bullet left, sigh!

Its very sad that bjcorp didn't buy back shares yesterday

BJCorp didn't buy back any share today, the 17 mln is bought at earlier days

Spent all my money buying Puncak yesterday already, no fund to pursue BJCorp today, sigh!

hng33, I know, but knowing I am running out of bullets when I should have been more conservative earlier made me sobbing...

Hng33, based on the most recent quarter report, puncak cash on hand will cross 2.2 bil after water asset sale, that's more than 3.50 per share after sukuk conversion, right? How sad it's now trading at so much discount... worse, I have run out of bullets

There is an article on star paper today on molg, those interested might want to read

hitting multiple year low, sigh!

jolie, what you have said is easily said, difficult to carry out. If you are investing at best a few hundred thousands, how much are you willing to use as your so-called market research? 1% 2% 5% 20%? 5% of 100 thousands is only 5000, and a mere 0.1% of 10 mln is already 50 thousands. Small fishes like us are usually conned and insulted (consulted) as needed.

Money is not yet collected n its already non shariah compliant, sigh

I would feel lucky if we were to see 3.2 today, wonder how much more LTH has to sell?!?

hng33,

I don't have the answer for you. I have quite a lot of Puncak myself, thought it's safe given high NTA with cash easily exceeds RM 3 per share. Guess our market doesn't appreciate this kind of thinking?

hng33, not sure, didn't ask in detail. There is one time YTL is shariah compliant but YTL Power is not at the same time, stupid compliance

fainted shariah funds are selling now, why else sharp drop this morning

all shariah funds must sell within a certain period of time

also, the bjauto share sale is mostly completed this month, making it only to influence balance sheet to be reported in March 2015

dec quarter result may not be good. the land disposal is not sealed yet, I guess, otherwise there will be an announcement

hng33, i was told the biggest reason for today's fall is due to Puncak being classified as non-shariah compliant

over RM 3 per share of cash + some other businesses + land < RM 3 share price? Great market sentiment... even other o&g counters are not falling as much

just bought some @ 3 and 3.05, sigh, hope its not a wrong decision

hng33, even if o&g business earning is only RM 30m, that would still be worth RM 300 m market cap. Including to be sold off water concession and other businesses, Puncak should still worth at least 3.6 per share. Wonder if something unfavourable to shareholders will be proposed soon that is causing the selloff