Puncak-cg volume is good. So punters expect the Puncak to rise. It got 20 days to rise.

If EPF's selling, it won't park. It will just sell and it would have sold off yesterday.

I don't think EPF is selling. I think the big boys are collecting, tamping down the price.

There is major resistance at 2.70 - needs Roxali's announcement of special div to break. There is also major support st 2.65. So accumulate between below 2.70. But I would go for the warrant.

Post sale, Puncak is likely to be the front-runner for the pipe rectification works amounting to RM5 billion. Federal govt has offered Selangor govt further help if so required. Likely this is linked to the acquisition of SPLASH and/or rectification works.

kahhoeng, appreciate the 'rectification' as hng33 would say. You are right.

money888. Yeah accumulate now. Unless Roxali fails to confirm special div or want to re-negotiate for a higher price (unlikely). There is also a chance for an even higher div since Puncak is UMNO-linked and the current political situation requires a lot of money to manage.

hng33. Warrants will also rise with mother when div is declared. Warrant holders will therefore also gain besides leveraging on the lower capital outlay of about -37% based on present price. On a percentage basis, warrant holders will likely gain more than mother share holders. Besides, warrants are now trading at a discount of 8 cents to the mother. I would say buy warrant while the going is good. The warrant expires in 2018 i.e. in three years time. So plenty of time left!

KSL closed with the highest gain of 11 sens since 25/6/2015. The long candle is a very bullish signal. It has closed above the 50 day MA. Weak resistance at 1.60. Stronger resistance at 1.70.

Welcome back NOOb. Thanks for the pointers.

I will still say patience will be rewarded.

EPF buys oversea for higher profits and because of falling ringgit which translate to higher profits both ways. I have not seen proof that EPF is rolling the stock market like hng33 i.e. like a casino. It could be against its charter. Can anyone confirm?

Awaiting Roxali's announcement. As I have said we have a front-runner in the forum.

Yeah, I thnk you are right.

Now we all awaits Roxali's confirmation of the takeover AND the special RM1 div!

hng33. As I've said, there seem to be unusual resistance at 2.70.

two months' wait doesn't matter. Price will gap up if special div is confirmed.

hng33. The market wants Roxali to confirm the RM1 div and when ex-date.

But why no noise from Roxali?! That's what the market is waiting for to gap-up?

hng33. Tks for the 'rectification'.

Unusual resistance at 2.70!

hng33. You misread my posting on Maybank. Anyway I am monitoring. You are not a forgiving person, no?

Puncak's investors, after being beaten many times are now shy. They are waiting for the actual signing AND Roxali's confirmation of the RM1 special divvy!

I nominate hng33, Roger123 and kahhoeng as team Wira Puncak to save Malaysia!

There is not much resistance up to 1.50. I guess the market wants more confirmation of the deal including the signing.

Roxali's confirmation of RM1 special dividend likely to result in limit up!

Dissing means making good fun out of a person, man or woman, usually picking on his/her particular characteristics. Just for fun. Otherwise forum would be dull.

Let's concentrate on making money with Puncak.

hng33. Besides I said only IF Maybank sink below 8.20, would it sink to no one knows the limit. Ocean's bottom the limit only a figure of speech.

hng33. Come on, I was just dissing you lah on Maybank. Don't take it so seriously.

Expect strong resistance at 2.70. It should be overcome and close above 2.70 today since signing is tomorrow.

lctw87. It's 'prediction' as in guessing the future. 'Predicament' means a dilemma.

Sifu hng33. I have factored all those into my calculation. Maybe I shouldn't the RM160m freed cash. But it will still be RM3.72 cash per share, no?

As for Puncak's sukuk: If fully converted, it will add free cash of RM160 million plus interest saved of RM6.5 milliion totaling RM166.5 million. So net cash per share should be RM(420m + 1555m + 166.5m)/532m = RM4.02 per share. After dividend of RM1, net cash per Puncak share would still be RM3.02. Any comments?

hng33. You are the sifu here. I have just washed the dirt off my mouth!

'It will rebound for CERTAIN...next week' - we shall see whether you are a newbie! BTW, I always consider myself a newbie so that I am always in my learning mode.

hng33. Your erstwhile Maybank's sinking. Just 5 sens away from last support at 8.20, beyond which the ocean's bottom is the limit!

Gaps-up to come should be when Azmin makes the announcement and finally when Roxali makes the announcement and confirms the RM1 divvy! Rox's announcement should be the biggest gap-up of all!

KPS going up means that Azmin is expected to up the price for SPLASH!

I think the sell down in KLSE is temporary, a reaction to Dow last Fri which is old news. The new news is that China at the G20 meeting said will maintain and not devalue the Yuan and has a plan to stabilise theeconomy which was accepted by the G20 Finance minister meeting with the sole exception of Japan which was derided as 'sour grapes'.

The volume not so great. Just wait for the sellers to clear or wait for Azmin's confirmation which is important for both Puncak and Splash!

Yeah, kick start with RM2 billion! Its the RM2 billion babies! The rest can go to you know where!

kahhoeng. Besides you have got the figures mixed up. For a start, do you understand the meaning of net cash? How can total cash in hand including sale be RM1.9 billion only? If you do not know how to add or understand figures, please don't confuse yourself and the forum.

kahhoeng. I have double checked. Puncak's outstanding shares is 418 million. Even if all warrants converted, total will be 454 million.

jacklintan. I have gone through Puncak's latest quarterly and first half year accounts. After sale of water assets, it will still have the construction and Oil and Gas and unspecified 'other' businesses. These generates over RM300 million revenue per year. More important, after the sale, Puncak will be vitually debt free and will have cash of about RM1.92 billion - RM420M now plus RM1.5 billion form sale. After payment of RM1 per share special dividend, it will still have RM1.5 billion (RM1.92 billion less RM420 million). Its net cash backing per share alone will then be RM3.60 per share i.e AFTER paying the RM1 special dividend. Puncak's other businesses are not very profitable, generating an overall net loss of RM12.5 million for the first half year. Oil and Gas's potential is rather long term and both are now down. The future value of Puncak depends on how Puncak uses its RM1.5 billion cash hoard after the sale of its water assets.

jacklintan. Noted. Coffee date it is when Puncak crosses RM3.80.

Chart shows property on the steady uptrend for the last 8 trading sessions, but KSL likely to go down next week as tomb-stone candle formed at its present peak at 1.44. But the candle has a short tail, so downtrend may not materialise.

See this: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=588072:bursa-queries-caring-over-jump-in-share-price&Itemid=3#axzz3kkowbK9L

Bursa should also query sharp drop in price.

hng33. Yeah, it works only if the company is equally faithful and dedicated. Same with women..!

Puncak will also go up once the deal is sealed; but because it got a RM1 divvy, it will likely gap up once the deal is sealed and announced.