The only harm is OLH. You need to have the power and patience to hold in case of anything happens. I doubt a new investor can have such strong mindset to go through roller coaster. Piece of advice from me. Take it or not, up to you. Overall, this is a fundamental strong and undervalued share.

pjdev is always slower than oskp. when did you observed oskp slower than pjdev

kwl8888, please consider osk special div of 15 cents and new warrant as well. It will not be RM2.35.
Just to make sure you understand better.
Anyway, 1.65 is a good buy.

I doubt MSWG can do anything. btw, thanks for those joining the forum. update us on the outcome.

The concern i have now is whether pjdev wc able to rise back to rm1 in future. Really huge paperlos now, cant sleep well. Haha

hmm Mr.Ooi and all, just want to add on top of your info.

There is a proposed voluntary offer to acquire remaining shares. Although there will be no EGM to approve the deal between OSK & OLH, but it is true that OSK offers the proposal below to acquire remaing shares (correct me if I'm wrong), hence it does impact on the share price whereby people easily think that pjdev is only worth RM1.60. I'm having huge paperloss now, but have decided continue holding this share until right timing to dispose. There are still many actions coming soon, this should be just a beginning of full story. Hopefully patience pay off later.

" Proposed voluntary take-over offer by OSKH to acquire the remaining 308,351,543 PJD shares ("PJD Offer Share(s)"), representing approximately 68.3% of the issued and paid-up share capital of PJD (excluding 4,778,300 treasury shares) at an offer price of RM1.60 per PJD Offer Share to be satisfied either for a cash consideration or for a share exchange offer of OSKH Shares issued at an issue price of RM2.00 per OSKH Share based on an exchange ratio of four (4) OSKH Shares for every five (5) PJD Offer Shares held and the remaining 213,458,972 PJD Warrants C 2010/ 2020 ("PJD Offer Warrant(s)") at an offer price of RM0.60 per PJD Offer Warrant to be satisfied entirely by cash ("Proposed PJD Offer"); "

@nemesis, its not only cash option of 1.60, if oskholding share price keep increase, so as Pjdev, dont forget share swap option. 5 swap with 4. if Oskholding worth RM2.50, pjdev worth RM2, so why not? temporary follow osk movement.

once offer expires, share price will rely back to company performance.

Drop 30% for pjdev. 50% for pjdev-wa, while there is no bad news at all, everything happened in a month.
Still cant believe this happened to a fundamental strong company, with 1b unbilled revenue, steady growth of company, NTA 2.54, a company that never lose money in any previous quarter, steady dividend payout.

yes, he dont have that intention to buy all shares. His intention is to offer share swap between oskh with pjdev and oskprop for his own shares, so that upon completing the swap deal, his stake in oskholding will be tremendously increase since he changed all his pjdev and oskprop share to oskh share. If he offers premium to existing pjdev and oskprop shareholders and everyone subscribe to his deal, end up his stake in oskh will be lesser as opposite to his plan as the share base will be increasing as well.

Based on the assumption above, he knows that the offer is low enough so that peoples wont accept the deal. If thats the case, just wait till this rubbish offer elapsed and everything should back to normal.

My comments above is coming from OLH's perspective.

Any panic investor that sell his share at such low price is just a bonus to OLH.

if drop below 1.50, I will buy it and sell back to OLH. hehe

I will hold till at least 2.30, repeat. and RM1.30 for pjdev-wa! :)

this can be proven by his intention to buy back OSK share at 1.68 last year.

After further study the plan, I think his intention is not at Pjdev or Oskprop, he is actually wanted to increase his holding in OSK Holdings. As currently he is having 40+% in OSKH, by using share swapping option, he can convert his pjdev and oskprop share to oskholding share. and eventually will increase his stake in OSKH (from 40+% to~50-60%) which makes him have the majority stake.

He is a really smart person... meanwhile, do not worry about pjdev, the price will climb back once offer expired. he is using this opportunity to increase his stake in OSKH and use OSKH to control OSKP and PjDev.

Historical high of RM2.24 is not enough to acquire my holding. At the end of August, when quarter result released and it suddenly all the way dropped today where all holders are expecting it to reach another new high at around or at least RM2.50, it could be OLH in behind playing these tricks and make sure everyone is out of his game.

My selling price still stay at least RM2.30 for pjdev and RM1.30 for pjdev-wa, at least!

No rush, since market is weaken, I can wait. just hold.

below offer price, eat eat eat. 3 cents masuk pocket.

Have to say thank you to OLH for providing such insurance in this uncertainty market, where worst case someone is there to buy from us at 1.6/0.6 even it continue to drop

If drop below 1.6, i will just buy from open market and sell it to OLH at 1.6 or convert to OSKH share. Free money.

I am not going to top up or do anything, a bit running out of bullet, will just hold my current holding at 1.90/0.90 respectively. see you at 2.30/1.30 by end of year. All the best

this is not privatise, why need to accept the offer if you don't satisfy? he is just acquire his own stake at RM1.60 isnt it?

i think OLH just make an offer only, not neccessary to accept it, as the company still remained listed, just hold lor.

https://www.google.com.my/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.ibanet.org%2FDocument%2FDefault.aspx%3FDocumentUid%3D9396529C-A9F3-40E0-8809-2FF831949659&ei=7nM-VNriEYWSuAT5qILoDA&usg=AFQjCNEmRqqFPQQcy52JdO7sDTj4_SEzqQ&bvm=bv.77412846,d.c2E&cad=rja

takeover guide is here.

hmm. but i'm thinking it could be just shares changing hand between OLH himself and his gang, and simply offer to minority shareholders, i can probably just hold till things more clear. As he only able to acquire 30+% from his own stake in PjDev.

Please advise more.

they need to have 90% of the shares only can mandatory take over the remaining? hope someone can explains.

yes, and oskprop is gone since they are having ~73%. doubt they will offer higher price for pjdev compared to oskprop

i think oskprop is gone case already, since they can offer mandatory take over. how about pjdev?
i hold pjdev at RM1.90 and pjdev-wa at RM0.90

so guys, whats next?

I can't accept this man... wtf seriously...

Another 'forced' loyalty shareholders here :) haha

I'm looking at special div + final dividend in coming quarter, 1 question, i remember they declared 2.5cents dividend in recent quarter, but how come still doesnt announce ex-date yet? already 1.5 month? stay long term :)

Good luck investing!

no worries on the merger if you're planning to stay long with the company. A merger entity will be much larger than current size and it will be definitely not a RM2 company anymore after that. It might take some time, but eventually will reach another highest point again. buy with cash and wait for rewards.

C'mon. Nothing is confirmed yet lar bro. read properly. they say if anything will announce, doesnt mean already confirmed. zzzzzz. be realistic a bit

If pjdev be the acquirer, its no longer a RM2 share. With potential market cap exceeds 1b after merging. Looking at current assetd they are holding as well as the attrativeness of the new entity. I am holding pjdev till at least mid 15. It will open the exposure to new env as a top tier property developer. Bear in mind that there is still 1b unbilled sales, no worries on next few quarters. Good luck

tomorrow egm please question the management!

now trading suspended. whats next?

game over to all warriors. sayonara

what was the price he recommended? if he recommended to buy in way below current price, his recommendation still good, no?

@smalltimer what do you mean by that? can't understand.

Can click on street view to have 360 degree view of the land. Looks like a commercial land instead of residential development.
Anyone can advise on the impact to NTA after they successfully buy over this land?

hmmm. any idea where we can obtain those info? btw, thanks for enlighten..
although the overall market sentiment is weak, but almost 35 cents / 20% drop after a good quarter report is just too hard for us to digest.

What you meant by that hello123. Cant fully understand

a company with NTA 2.54, profit making company, i dont see any losses in any quarter before.
stable dividend. temporary drop means to collect more if you have guts.
the recent drop is just not justifiable, its almost 20% drop in a month time.

not an issue with resistance. but lack of support :) cheers

laosai. sell like no tomorrow. stay sideway better.

drop drop drop. everyday drop. run and stay sideway better

Dont think can reach 2.20 anytime soon. Too many sellers

think big, but I rather it slow and steady, everyday up & down too much, heart attack bro.

Someone just putting a 100k block at 0.99 :) don't think can break that price today. Lets hope it stay at current price first.

I don't dream that big first, let it trade back at RM 2.00-RM2.10 range first. I don't mind it hovering around that area before next wave. Anyway, good sign today. Keep the momentum. We've just bleeding too much recently.

Finally son catch up with mom, by dropping 2 cents =='''

Suddenly all surge into the conversation, finally see some movement in the forum :) Good sign.
No worries, I'm still holding strong. Not going to sell at such cheap price to big shark.
The current price is just discounted too much, for both mother and son. All the best to all.