think today's drop in the afternoon must be caused by something in Selangor. Scratching head, sigh! Also, can't help but notice the large gap between Puncak and Puncak-WB, its 12 cents right now

Roger: if you are selling in the afternoon but not in the morning, I have to wonder if you have heard something, that's why I ask...

Singor: you have been selling today while saying you want to catch?

Hng33: what a brave move to accumulate today...

Fainted, thought price would gradually move up to at least 3.10 by next week right before deal completion is announced. Having too little faith with Azmin/Ongkili?!? I have almost 80% of my portfolio in Puncak already, dare not add any further, sigh!

Roger, have you tried to sell between 2.64-2.66 this morning?

Interesting

hahaha... probably you are right, but thought should still have some small impact, sigh! Nothing to do but wait, dare not trade like hng33, what to do?

what's puzzling is that price has not rallied to the news thus far...

http://www.themalaymailonline.com/malaysia/article/azmin-hopeful-selangor-water-restructuring-deal-settled-within-a-week

SHAH ALAM, June 18 — Selangor Mentri Besar Azmin Ali today said he is hopeful that the state and federal governments can come to a final agreement on Selangor’s long-delayed water industry restructuring plan over the next week.

He said he has been in discussions with Energy, Green Technology and Water Minister Datuk Seri Maximus J. Ongkili, and is optimistic of making headway. “As I have state from the very beginning, the state wants to settle issue of the water industry restructuring... as soon as possible,” he said when met at the state mosque here.

“The only thing is that we want both sides to respect the master agreement. I thank the minister for his proactive attitude in solving several issues.

“Hopefully we can settle this within a week,” Azmin said. Last year, Putrajaya signed a deal with the Selangor state government under then Mentri Besar Tan Sri Khalid Ibrahim.

Under the water agreement, Selangor is meant to infuse a new special purpose vehicle with RM14.92 billion in assets to manage the water restructuring exercise with Putrajaya.

The federal government is also to provide RM2 billion to help offset the state’s cost of taking over the four concessionaires — Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Sdn Bhd, Konsortium Abbas Sdn Bhd and Syarikat Pengeluar Air Selangor Sdn Bhd (SPLASH).

In return, Selangor would provide all necessary approvals for the construction of the Langat 2 water treatment plant that it had previously resisted.

Azmin, however declared that the agreement “has collapsed” in March, claiming that the federal government had alleged failed to comply with pre-conditions set out by the state government. Both government’s have since resumed negotiations, with Maximus saying in May that it is up to Selangor to settle the issue of transferring water assets and a complete takeover of the state’s water concessions.

well, I have no confidence in any of them, but believe that a populist agenda crashing with a crony-induced water contract can't sustain for long. A compromise will eventually be needed, and I shall benefit from their selfishness. Just hope they aren't crazy enough to prolong the issue further...

Hope the rally will come soon, my neck is getting longer, thanks to Azmin

excellent news?

Most likely will be all side saying 'I work so hard to make things right for rakyat, the other side just not care about them'

hope rozali is not crazy like FGV bunch of people

Puncak price won't plunge lah, probably stay +/- 0.10 until picture is clearer

hng33, I have included short term investment of RM 10.337 million in my evaluation to come out with a net cash of over RM 3.70 per share. May I know why hasn't you included it in your valuation of cash in hand?

fainted, heavy selling across board... foreigners? thanks to fgv? or Airasia? Or is it just Greece?...

truth is, so long the water will be completed soon (within 2 weeks), everything is alright then.

Hope my persistence to hold Puncak will bring my $$$ this time round

this azmin has lost many's trust, especially Puncak shareholders like me, hahaha... still no choice but to keep holding

best wishes to all Puncak shareholders?

how come when I read news on Azmin, I thought of Tsipras?

Azmin really enjoys talking rubbish, putting politics above people's welfare. Reading Puncak's statement today, though, let me believe that a deal is to be completed soon more than before.

Alas, if the news is true, would have seen huge selling volume by now already

sorry, I mean 'pakar' not 'pakat'

This'pakat' is definitely a BN pakat

hng33, I have decided after press statement by both Ongkili and Azmin in May to keep my position in Puncak til after Hari Raya in hope Azmin and Ongkili will deliver according to their earlier statements. Hope Azmin would finally deliver.

Guess no news yet, otherwise would have fallen if delayed or risen if confirmed

while still holding to my Puncak shares, have little faith in Azmin, sigh!

roger, congratulation on your trades, but surely not hoping that your dream will come through given that I have still kept my position in Puncak

alas, nobody will truly believe in snap election lah! If you are Azmin or other PR leaders, would you want more uncertainties that could unseat you?!? Guess only when they have gone crazy...

Ahem.... luckily God & Allah are not here yet

the 2.90 arrives by dividing 1.5553 billion by number of shares assuming sukuk and warrants will be converted into shares. The big joke is Puncak has over 450 million cash/short term investment already and the warrant conversion will let Puncak pocket another 40 millions. Ignoring its other asset, Puncak's cash itself will be at least 3.70 per share once the deal is completed and sukuk/warrants converted.

Hng33, have you bought back any puncak lately?

Hng33, thanks. I have had this dream for quite a while...

Puncak climbs up to 3 gradually and then shoots straight up to 3.60 upon a deal completion announcement... it was in my dream yesterday, sigh!

why the need to dissolve state assembly? Pro-PR PAS state assemblymen can just become independent and keep supporting PR. It's not like this has not happened before, only it's to BN's advantage.

Think its epf selling... hope deal completion announcement be made soon

hopes something good coming soon

Seeing kianjoo moves, can only hope puncak having the same fate soon

Don't think there will be any impact, if yes, we would have seen more drop today. Of course, just my personal opinion...

150 k shares to be a director? Sounds too cheap for a 1 billion company...

any idea the late buying interests? can't find any news... is it just local fund buying to counter foreign selling?

think Hadi also realizes that, should PAS leaves PR, some of PAS members (especially those with state and fed seats) will join PKR or be an independent that support PR. It would be very difficult for BN to retake Selangor

I am reading Puncak's annual report, notice that Puncak has a sizeable land in Mukim of Ijok, Kuala Selangor (approximately 1,000,000 square meter). Has anyone in Selangor had any idea about the potential property development opportunity in this area?

hng33, respect, guess I just don't have the courage to trade like you, sigh!

fainted, hng33, can you make money from selling at 2.68-2.69 while buying at 2.65?

Singor, haha... I have been holding this share for a long time with some over 1 year, sure hope restructuring to complete soon.

rlch, don't be so sure, hng33 could have bought back, he's good at finding the right entry point.

hmm... Puncak share price seems to show sign of completing water restructuring soon?

So many foreign fund cabut, wonder how local market going to support the market?

Hng33, if I were not wrong, post special dividend, puncak should still have about RM 3 of cash per share. Including special dividend of RM 1, that's RM 4 of cash! Guess market either has doubt over the completion, or the market has to be truly inefficient right now

Of course, assuming that the deal will be completed soon