KPS is good stock but enter at what price?

RHB is a growth stock - one of the cheapest among the banks. Affin is cheaper but not so profitable - EPS is 50% of RHBB's.

IronShirt. I have no factual answer to your question

It's a very profitable, Harapan friendly bank. The future outlook is bright. Negative from Aabar sale will pass. The baseline argument is its record profitability.

That 28% will hit KPS' P&L account in Q3 i.e. next quarter.

Its the haircut of 28% babies.

Contagion from Turkey is limited. China is supporting Turkey.

KPS says: "Babies I am coming down to fetch you at the 17th floor, maybe lower if you want me to"!

Guillotine coming down!

@huatchye. Look at the chart, friend. What is chart on Gamuda telling you? "Man can lie but the chart cannot lie" - OTB. This is OTB's million dollar advice. Ignore at your peril!

Also the blue bloods of the silver state helped to boot out the then Opposition gomen in 2009. They are major shareholders of Gamuda. So the signs are ripe for a perfect storm.

Gamuda accepted. KPS confirmed taken a 28% haircut.

"Hundreds of millions" likely already priced in. If not Gamuda likely a penny stock by now. Only hope now is a good special dividend and/or quick to make amend$.

Why should Azmin 'help' park the contracts to KPS?

There may be a rush for the exit when the phrase "Gamuda will be out of the picture" sinks in.

Also the minister said "we BOUGHT it at a discount..". He used past tense. So does Gamuda any choice? If they sue Federal gomen, they kiss good-bye to further government business.

Draw your own conclusions. The federal gomen want Gamuda out. Period.

Look at the charts bro. Also depends on whether they can quickly make amend$. Hard because there are now so many competitors with deeper pockets and better technology. The many water disruptions were rightly or wrongly blamed on them as well.

The floor has likely gone from this Mr Universe and Mr Keranda stock. I quote from Edge article: "Gamuda will be out of the picture, that is the whole purpose of the deal". Being not in favour of the regime in power is no good.

KPS says "I am coming down to fetch you babies".

This is a pumper and dumper stock - Mr. Universe and Mr Keranda combo. Buy on the dump and sell on the pump!

I am a 'wise' man in one account and 'fool' in another. Overall still a 'wise' man!

Anyone can be wise man or a fool after the fact.

KPS took 28% hair cut on sale price.

Yeah, offer can go higher. Pressure is on Selangor MB to settle. Over 49% of water disruption nation wide in 2017 comes from Selangor. If no settlement and then another water disruption, then Harapan can say good-bye to at least one of the coming state by-elections! Will MB want to take this risk? Also there is PKR election. The waiting no. 1's crony will want CBD. Therefore, if Gamuda rejects (likely) the MB will come up with higher offer after August 10.

Gamuda can decline and hold out for a higher offer. The minimum is therefore RM2.55b.

@cricketlast. The RULS were issued by Splash to Splash Holdings the 100% owner of Splash. Since Gamuda, KPS and Sweet Water (Wan Azmi) owns 40%, 30% and 30% of Splash Holdings respectively, we can ignore the amount paid for the RULS and concentrate on the total sum payable of RM2.55b for both the shares and RULS of Splash. Please refer to my calculations on financial impact for KPS.

Positive vibes from Wan Azmi and KPS on the offer:
http://www.malaysia-chronicle.com/?p=126622

They control 60% of Splash. So Gamuda (40%) will likely go along; also considering its future business with the Harapan regime.

This is a political suit. After the fall of UMNO, don't put too much hope in its success.

Yeah, everything is possible including a crazy limit down. Just weigh the probability. Nothing is 100% certain in investing. Just probability.

So either JJchan is right or reporting is grammatically wrong.

@JJchan. Not if payment is over 9 years. Can you please enlighten on this?

MB said "will fulfill the acquisition consideration over nine years"? Payment over nine years?

When will they lift trading suspension?

At RM2.55b, KPS gets RM765m. This is RM1.42/share.

ks5S. Why limit up 3x?

No reverse takeover of KPS and Gamuda by Air Selangor. AS is not going public Even if so, the full price will have to be paid to both KPS and Gamuda.

MB only said that Selangor will not pay RM2.7B as alleged by Najib. So draw your own conclusions.

But my hunch is that Azmin's info is outdated.

Azmin no longer has the power to disclose the independent valuation report. That power lies with the Minister for water - Dr Xavier Jayakumar.

So uncertainty continues. This the market not like.

But Azmin did say that negotiation's still on-going but MB said completed.

My hunch tells me that there is deliberate fuzzing of info. Likely so that proxies can tamp down price and collect.

Not clear whether extended 1 more month. Azmin said MB applied for 1 more month, but Azmin did not say whether the 1 more month is from July 4 or from August 10. So the suspense continues.

More sell-down likely tomorrow.

The danger is from syndicated sell-down to collect before the results being officially announced. Draw up your own strategy in this case.

But 'negotiations' has ended according to the MB.

The sell-down is due to double-talk by the new MB.

There is no 0.1 book value. The "Tan Sri" mentioned by Najib is likely the long time crony of Anwar. Former MB Khalid tried to punish him on behalf of UMMNO.

Here comes the sell-down.