i sold mine at 2.47 end of last week..got worried

http://bonescythe.blogspot.com/2013/09/gpacket-and-digi-designed-marriage.html

"Since The Star is reporting 80% of RM750m from Digi and Nanyang is reporting RM 1.5b from Gpacket, I will playfully take it as (RM 600m + RM 1500m)/2 = RM 1.05b. At 690m shares in Gpacket, RM 1.05b will be knocking at RM 1.50 +/- per ordinary share.

As conservative as I am, I am taking a slash cut at 50% discount from RM 1.50 at RM 0.75 range. Of course, when Digi is taking over all the infrastructural cost for Gpacket, I am not surprise to see Gpacket delivering it's WiMax services as an operator without major overhead, which will definitely put them into gems of the Year 2014.

Bone's Short Term TP: RM 0.80"

citytrader.. happened to me few times before. i know how you feel man.

some just dont want to take on the risk of price adjustment after ex date, so they prefer to sell before that and reap in instant profits first. the special div is quite a large amount so adjustment might or might not take this into account. nothing to do with bad or wrong share. for eg, i bought P&O, took in the big dividend, but the price got adjusted down so badly im still in big negative. as opposed to counters like digi which will still climb after ex date...

i bought into ben previously, hold few months until cannot hold anymore then cut medium loss. so abit skeptical. plus had the option of a few other more potential counters. so will continue monitoring/

teh tarik is good .. as long as no loss. happy weekend :)

lol... i almost wanted to buy in myself. but then changed mind.

received!

While many were guessing what would be the next asset that Tropicana Corp Bhd would hive off, the company sprang a surprise on the investing public when it announced the purchase of 18 tracts if land in Pulai, Johor for rm366 million cash.

It said the land acquisition is in line with the company’s overall objective of increasing its landbank in strategic locations especially in Johor.

However the land purchase came as a surprise as many expect Tropicana which currently (Sept 2013) has total assets of rm4.58 billion to dispose of some to help reduce its borrowings and ease cash flow.

The group’s balance sheet as at June 30 2013 had total borrowings of rm1.86 billion, including long term debts of rm1.56 billion. Its cash balance was at rm372 million. It had a net gearing ratio of 0.63 times.

It intends to fund the proposed land acquisition and the development cost through internally generated funds and/or bank borrowings.

In Aug 2013, it unveiled its plan to sell its retail mall to CapitaMalls Malaysia Trust.

Tan Sri Danny Tan’s reverse takeover move to inject his 762-acre tract of land into Albedo Ltd may be the only logical move for the tycoon, considering Tropicana Corp Bhd cannot stomach any more big asset injections.

The land situated in Iskandar Malaysia was cited to worth an aggregate value of RM2.71bil as at Aug 30 2013, based on estimations by Knight Frank Malaysia Sdn Bhd.

Tropicana, which is asset-rich but tight on cashflow, underwent an amalgamation exercise a year ago injecting some 73 properties into its coffers for RM948.7mil. The asset injection included Tan’s private property assets.

The group was also in a de-gearing exercise through strategic disposals.

It made sense for Tan to plant his private assets in another company if Tropicana could not take the asset injection. It is important to note that this land deal (with Albedo) came much later than the amalgamation exercise in Tropicana. If (Tan) could not inject any more assets into Tropicana, it is logical for him to look for another vehicle to do so.

Earlier reports said that Singapore-listed Albedo could pose potential rivalry for Tropicana, the latter having its own Iskandar projects.

Market observers said there should not be any conflict of interest given the collaborative possibilities for both companies ... collaborations are highly likely. It is better for both companies to have the same shareholders overseeing the projects. This would create healther competition than if other companies came in.

However Tan’s move could raise some questions on Tropicana’s direction. Some may be confused about where Tan Sri’s focus is now until there is more clarity on what this means for Tropicana.

Tan’s move will enable him to gain controlling stake in Albedo, a steel and raw materials trader.

Albedo has signed a MOU with Tan’s private company, Temasya Cergas Sdn Bhd, to purhase the land in Iskandar, settled via the issue of Albedo shares. Albedo had agreed to a S$774mil (RM1.96bil) takeover deal. It planned to issue 34.55 million new shares at2.24 Singapore cents (5.7 sen) per share to Tan’s Infinite Rewards Inc, which equals 95% of the enlarged Albedo’s stock.

Albedo will then use the proceeds to buy Reflections Oasis Inc, a subsidiary of Infinite Rewards. Infinite Rewards is reported to be acquiring seven parcels of land in Malaysia for commercial, industrial and residential development.

http://hongwei85.blogspot.com/2013/09/tropicana-asset-rich-but-tight-cash-flow.html

Sources say PNM is exploring ways to unlock the value of its property assets currently (Sept 2013) housed in I&P Group Bhd.

The fund is looking at two options. One is a direct listing of I&P, which is the result of a merger between I&P, PGarden and Pelangi Bhd. The other is to inject I&P’s assets, WHICH COULD BE WORTH RM10 BILLION INTO 64% OWNED SP SETIA.**

It is understood that PNB is more inclined to do the latter because SP Setia is a well established developer and a consolidation between the two companies will enhance the value of I&P’s property projects.

At the same time, SP Setia will become a mega property developer listed on Bursa Malaysia whose projects have a GDV of about rm40 billion.

http://hongwei85.blogspot.com/2013/09/sp-setia.html

Hi matrix, your thread has certainly grown by leaps and bounds :)

anyway this is for you and the rest. happy friday
http://etfhq.com/blog/2013/03/02/top-technical-analysts/

anyone attended their agm previously? any door gift? just curious :)

it was announced 1 oct 2012, then in 2011 on 13 oct. so we can expect it... oh so very soon :D

see hoy chan. not listed..

those who just bought wont be aiming for just 1.75... so ride with the flow

in the klang valley, only two major retail players: sunway pyramid and 1 utama. and the latter isn't listed.

surpassed resistance of 2.920 , trending up

wat lah :)

the start of uptrend.. hang tight

miketyu, whats this special div?

arrrrghhhh sold off too early :(

below 60 sen is safe

ex price of 2+ ..... drooling

why, is it suppose to move to main market?

sp setia, tropicana.

after crawler's notice, there's a sudden spike in buying at 1.580 :)

hmm wondering when its being released. one week late

then again, the hands who made the merger happen, will not let it continue falling. somehow or other, they'll force something special to happen. malaysia boleh

im oso holding...losses too big, no point selling. and i wont make the same mistake of averaging down anymore. too many disappointing times. of coz i'll like new investors to buy in and push price up, but its only fair to say its still risky now. when there's better signals, maybe then take position.

2.490 block for 2 days. lets see for tmrw

yeah, or some tp, support price. alot of experienced investors do help out with these. we're all on the same boat anyway.

and this thread has become a major laughing stock. with all the spammers and useless unrelated comments.

it is best if those who are in the know, give the rest of the investors a clearer direction as to when this downtrend will stabilise. at the very least no one needs to keep averaging and averaging and averaging down to an unknown bottomless pit.

instead of the many hints and vague information being mentioned thru story telling... its like telling abit, but not telling everything. why not just make it very clear, maybe a target price would be so very helpful. afterall it does look like those who understand this counter want to share and help..

lol some action today. bottomed up and rising?

bsngpg, is there a reason to buy at this current price? today it looks as it might be a one day drop for consolidation or falling knife...price is still high from all the climbing up few days before. you seem like a very experienced investor.. so i do value your input.

*sigh*

divvy in... m2u

what the.... should have bought :((((

lol..really windfall that one...

alot of room to grow. holding tight

pathew.. yeah can easily tell you already blah'ed from scable :)
congrags on hibiscus man!

yeahlo.. crawler.. any update for us? :)

got it :)

why do you say its under control, sang jero? means no goreng? :)

agree with profitman. took the liberty to sell off inari yesterday too. i guess still can climb if with better volume.

focal going up and up. sp setia... not budging. ecoworld is going to eat this alive.. ;(

let those who need to sell and hv no patience to hold sell first

anyone knows where to get a list of what epf buys and sells?

so far just one announcement this evening...a director collecting. can use this as a directive price guide.

Particulars of Director 37

Name : Toh Chee Ching

No. Date Transaction Type No of Shares Price (RM)
1. 17/09/2013 Acquired 100,000 1.530
2. 18/09/2013 Acquired 50,000 1.490

WA no power today ;(

good points fook yik :)