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2015-07-21 10:14 | Report Abuse
Currenlty it's half of yesterday volume d :D
2015-07-21 10:02 | Report Abuse
Hi cutedragon, you can refer to this link. Cheers :)
https://www.malaysiawarrants.com.my/indexdw
2015-07-20 15:37 | Report Abuse
Be positive guys, few more days to go :)
Sellers are decreasing and buyers are getting more agitated :D
2015-07-20 15:24 | Report Abuse
Finally take off!
2015-07-20 10:44 | Report Abuse
Breakout of Cup and Handle on the corner.. :)
2015-07-16 12:02 | Report Abuse
Trading at PE less than 8, healthy balance sheet, MRT2 contracts to be given out later this year, etc. Why not?
2015-07-15 15:45 | Report Abuse
Only existing shareholders entitled for special div and free wc.
2015-07-14 09:33 | Report Abuse
2 and a half day (Bursa will be closed on 2nd half Thursday) left for the entitlement :)
2015-07-10 10:45 | Report Abuse
Consolidation will be reflected this quarter, which mean public can only see it in November announcement. The independent advice letter already clearly stated the min EPS post consolidation, you could judge yourself whether it's good to buy or not :)
2015-07-09 16:03 | Report Abuse
Yep the Company is still doing fine (though Im not 100% agree on the purchase of Seminyih land at current environment), need not to worry :)
2015-07-09 15:54 | Report Abuse
RM3 this year seems not realistic. The shareholders would be very happy if it trade between RM1.60 - RM1.80 (about PE8 - 10) by year end :)
2015-07-07 22:59 | Report Abuse
chill.. momentum is building up :)
2015-07-06 17:20 | Report Abuse
Good work done Kai Yee Tan :)
Lack of interest probably due to the sharp rise and fall of last year. It gives them bad reputation. However, that also make them very attractive at current price. Cant wait to see their full year results later this month.
2015-07-06 11:04 | Report Abuse
If it is good then its operation metrics should grow reasonably as well to keep its valuation remain attractive. So no worry ;)
2015-07-03 16:30 | Report Abuse
haha kancs3118 are you serious?
2015-07-03 16:21 | Report Abuse
I can understand how OSKP and PJD shareholders feel. I also incurred huge loss on PJD, my worst ever.
Many of them have got burnt / still holding on huge paper losses, and they have give up on everything related to OLH.
2015-07-03 16:14 | Report Abuse
The buyers are back. :D 8% div yield play!
2015-07-03 16:12 | Report Abuse
If not bcz of comment from hng33 I wouldnt had read the 800+ pages circular. All thank to hng33 :)
This is what a forum should be, promote healthy discourse.
2015-07-03 11:11 | Report Abuse
KUALA LUMPUR (July 3): Investigations into debt-ridden 1Malaysia Development Berhad (1MDB) have allegedly uncovered billions of ringgit channelled to the personal accounts of Prime Minister Datuk Seri Najib Razak, the Wall Street Journal (WSJ) and Sarawak Report reported.
Both are quoting from documents from the 1MDB probe that is being carried out by the Malaysian government, with Sarawak Report claiming that the Attorney-General was also aware of the information.
http://www.theedgemarkets.com/my/article/billions-pumped-pm-najib%E2%80%99s-accounts-1mdb-probe-shows
2015-07-03 10:45 | Report Abuse
To add feather on the cap, OSKProp is listed as one of the Forbes Asia's Best recently.
http://www.forbes.com/companies/osk-property/
2015-07-02 22:56 | Report Abuse
Conclusion, as what hng33 commented, seize the opportunity now and ride on OSK first (no reason for minority shareholder to vote against the deal on Monday), then bet on PJD (no way other shareholders will agree to sell it so cheap) when near September.
Exciting time ahead :D
2015-07-02 14:47 | Report Abuse
Hopefully it turns out as what you forecast, let's ride ;D
2015-07-02 14:42 | Report Abuse
Yea if market is reasonable OSK should worth a lot more than 2.10. If valued at PE of 8 TP is 2.60 at least (EPS will be slightly higher than 33c by now as both OSKProp and PJD reported even better profit, and also provided RHB did not underperform). Interesting indeed.
2015-07-02 12:08 | Report Abuse
Just gone through the Independent Advice Letter by Kenanga, this is definitely a one sided deal that beneficial to OSK at the expense of OSKProp and PJDev (sorry to the shareholders).
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4771133
It's a 887 pages circular, but the juice is at page 146 - Financial Effects of the Proposals
Consolidated NA post proposal - minimum RM2.64 (before dilution due to exercise of warrant)
Consolidated EPS post proposal - mimimum 33c (before dilution due to exercise of warrant)
Bear in mind Kenanga use FYE2014 figure in this evaluation. We all know how well PJD n OSKProp had performed so far in FYE2015 and expected to continue do well.
Not to forget there is 15c special dividend (7% yield at current price) will be first in the pocket.
But then again, why nobody notice this?
2015-06-30 10:40 | Report Abuse
"The Change in Accounts Receivable line explains how the payment terms you’ve agreed on with your customers affect your cash. It accounts for those times when you provide a service or sell a product, but your customer doesn't pay you right away. The Net Profit line in the P&L shows your business as making the profit when the service is provided or the item is sold, not when it is paid for, so the Net Profit line has to be adjusted for the time it takes for the money to actually change hands.
If the Change in Accounts Receivable number is negative, it means that for this time period, your customers owe more than they have paid you, so your cash must be decreased to account for the money you have not yet received. If the number is positive, it means that for this time period, your customers have paid you more than they owe in total (i.e., from making previous month's payments), so your cash is increased to account for the extra money coming in."
https://help.paloalto.com/entries/23711067-Understanding-the-cash-flow-statement
2015-06-24 10:47 | Report Abuse
just like Greece, what needs to be done has to be done...
2015-06-22 11:24 | Report Abuse
"Here the problem is that using leverage—buying with borrowed money—doesn’t make anything a better investment or increase the probability of gains. It merely magnifies whatever gains or losses may materialize.And it introduces the risk of ruin if a portfolio fails to satisfy a contractual value test and lenders can demand their money back at a time when prices and illiquidity are depressed. Over the years leverage has been associated with high returns, but also with the most spectacular meltdowns and crashes." ~The Most Important Thing Illuminated.
2015-06-18 15:22 | Report Abuse
It's only attractive if it's priced right.
Question asked now is who will foot the bill?
2015-06-12 11:51 | Report Abuse
What are the companies worth? Eventually, this is what it comes down to. It’s not enough to buy a share in a good idea, or even a good business. You must buy it at a reasonable (or, hopefully, a bargain) price.
–BUBBLE.COM, January 3, 2000
It's still worth remembering, even though after 15 years already.
2015-06-11 22:48 | Report Abuse
18% is one off cash derived from GDV of the whole project. dont think Hohup will partly own the mall.
But of course, 18% of the GDV is still $$$
2015-06-09 17:25 | Report Abuse
Do note also Philippine is expected to have world 2nd highest GDP growth this year after China.
Definitely worth putting this in watch list :D
2015-06-04 23:03 | Report Abuse
You're welcome Kc ;) Your article is "Must Read" to me, just like how Warren would love to read Howard Marks' newsletter immediately.
2015-06-04 14:25 | Report Abuse
http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/40360.jsp
http://klse.i3investor.com/blogs/kcchongnz/66908.jsp
KC shared the good thing about furniture stocks since Nov 2013. I suggest to understand KC and learn more about his contribution before taking a swipe at him.
2015-06-04 11:35 | Report Abuse
USD20m x 3.7 x 23% = RM19m
Quite a good 'appetizer' dont you think so? :D
http://www.aseanaproperties.com/pdf/quarterlyInvestorsUpdate/ASPL%20Q1%202015_Final2.pdf
Ballpark estimation:-
NAV as at March 2015 = USD0.719
Unit = 212m
Ireka's share = USD0.719 x 212m x 3.7 x 23% = RM129m
Ireka current market cap = RM127m
That's potential return of 100% even though using NAV only! Please note RNAV is USD1.19
Anyway, need to wait patiently ;)
2015-06-02 11:46 | Report Abuse
Excerpt from EGM notice:-
2.2 Return of capital
Timing
"Conditional upon approval by Shareholders of the Divestment Investment Policy, the Board and
the Manager are committed to realising the Company’s assets in a controlled, orderly and timely
manner with a view to achieving a balance between returning cash to Shareholders and
maximising the realisation value of the Company's investments.
The Board intends to make distributions of not less than US$20 million in 2015. These
anticipated distributions are based on the Board's analysis of the Company’s current cash
balances and expected receivables from investments that have been contractually sold at the
date of this document.
The Company currently anticipates a first distribution in the third quarter of 2015, subject to
lenders’ consent, the receipt of confirmatory certificates from the Company’s reporting
accountants and/or auditors to support the Directors’ statement of solvency and any necessary
Shareholder authorities.
The Board will target additional cash distributions of US$20 million in 2015, which are predicated
on the completion of certain planned additional asset disposals before the end of the year. This
additional targeted amount is also subject to lenders’ consents, the receipt of confirmatory
certificates from the Company’s reporting accountants and/or auditors to support the Directors’
statement of solvency and any necessary Shareholder authorities."
2015-06-02 11:36 | Report Abuse
The proposal is to "enable a realisation of its assets in a controlled, orderly and timely manner, with the objective of achieving a balance between periodically returning cash to Shareholders and maximising the realisation value of the Company’s investments."
It's PERIODICALLY, isn't that echo what the MD said recently? I don't think shareholders need to wait very long, appetizer will come first :D
2015-05-21 09:38 | Report Abuse
http://www.aseanaproperties.com/pdf/Corporate_Presentation/Corporate%20Presentation%20Q4%202014.pdf
"Instead, the Board believes that a policy of orderly realisation of the Company's assets over a period of up to three years is a more appropriate approach in order to maximise the value of the Company's assets and returns to Shareholders, both up to and upon eventual liquidation of the Company. Ahead of the 2015 AGM, the Board is considering proposals to amend the Company’s investment policy to enable a realisation of its assets in a controlled, orderly and timely manner, with the objective of achieving a balance between periodically returning cash to Shareholders and maximising the realisation value of the Company’s investments."
Fruit is ripe for the picking :D
2015-05-21 09:33 | Report Abuse
Unpolised gem. Second 'Mitrajaya' in the making ;)
2015-05-19 21:56 | Report Abuse
Diluted EPS for Q1 is 5.12c, say full year could achieve 20c, that is PE of 7 only at current price. Seems undemanding given the growth potential.
2015-05-13 12:25 | Report Abuse
dalpinia, free warrant and special div are for existing shareholders only. besides new shares are issued for the takeover, there should be price adjustment post merger, no instant gain I guess.
2015-05-13 00:20 | Report Abuse
rikki you are right, shareholders of PJD and OSKProp still need to decide whether to accept or not.
Currently, a company that is subject to a take-over offer is required to appoint an independent adviser to provide comments, opinions, information and recommendation on the take-over offer in an independent advice circular. The independent advice circular is subject to the SC’s review and has to be cleared by the SC before it can be issued and despatched to the offeree shareholders.
The take over rule not applicable here? Where is the independent advice circular?
2015-05-11 23:41 | Report Abuse
A very good write up!
No doubt property market is slowing down. But I also believe demand for quality product will not stop suddenly. The name of "Pavillion 2" is enough to ensure its success I guess. Not to mention the strategic location and great connectivity (near to new LRT extension)
2015-05-11 17:17 | Report Abuse
The growth potential indeed is irresistible :D but venturing into Myammar seems risky though.
2015-04-24 09:27 | Report Abuse
Don't look at the announcement only, read ;)
2015-04-24 09:14 | Report Abuse
No doubt he can still expect this financial year to be better as Gadang is into second half of Q4 already. Look forward ;)
2015-04-23 12:19 | Report Abuse
Chill.. Wait till the coming quarterly result. Logically it should be good to further boost up the price for private placement.
2015-04-21 10:30 | Report Abuse
definitely it is still looking good in term of TA - price >1.45 and above 20ema
Stock: [FBMKLCI-HK]: FBMKLCI-HK
2015-07-21 10:26 | Report Abuse
settlement level is the latest index point. for eg klci close at 1724.13 yterday, that's the settlement level for yterday.