Posted by emil > 2019-01-06 22:43 | Report Abuse

Conman CCC pocketed your monies...and let PUC slowly kaputt...0.05c coming..

Posted by ran777rpt > 2019-01-06 23:10 | Report Abuse

Welcome Humble Boy.

Posted by sonyx123 > 2019-01-06 23:41 | Report Abuse

Well you could look at it differently. The company valuation was made back in 2017, and the profit guarantee provided for FY2019 was RM20.5mn back then, which has now increased to RM25mn - which ineffectively translate to ~RM45mn going on the same P/E. In other words, the prospects or earnings of the business improved - thus valuation is higher. Come on, if it's a public listed company, the share price would have run up if the earnings improved or expect to improve, and you would pay more for the shares 1 year later, right? Pure logic and immature analysis.

That said, I do agree with the article that profit guarantee should be paid based on the purchase consideration adjustment rather than just purely shortfall in the earnings, which favor the seller

On PUC's ability to repay, I think it's not fair to look at just Sep '18 cut-off on their cash position, because the business has did a few placement and also conversion of the LA if I recall the last few months. Which has ineffectively help to build the war chest. Conversion of the WA/WB this month would be helpful to build up the cash buffer further.

And on CCC pocketed money? First the deal is not done, so he hasn't (and he's not getting all the money). If he really want to pocket more, I believe he could have just list the business separately or sell it to MNC and pocket at even better valuation than 9x multiple he's getting now. That said, I believe he's smart enough to think of building his credibility as a young company and focus on the business, he will be much better off if the business takes off in future to be a billion dollar market cap - rather than what you all claim pocketing money & screwing up his own future... It's his baby anyway Pictureworks

Posted by funda > 2019-01-07 00:36 | Report Abuse

sonyx123, well said... if he want to cash out, he can get buyer from China or HK at much higher valuation...or just listed at HKSE.
No need to handle this sinking PUC, but he has inherit it from his late brother... He has strong sense of obligation to make PUC Shine again... that is why you see him injecting his own baby PW into PUC to make PUC stronger Financially...

Posted by Pewuf > 2019-01-07 09:26 | Report Abuse

PUC aside, i must agree for asian businesses, the company is more than just a money vehicle. for asian, the company is a "home" for the family, something that is preserved for generations to come. this is very dissimilar to the american corporate culture that we read and watch else where.

Posted by kenie > 2019-01-07 09:40 | Report Abuse

23 Nov 2018 PUC CHEONG CHIA CHOU Disposed 106,000,000 (550,368,402 28.6700 %)

Posted by kenie > 2019-01-07 09:41 | Report Abuse

PUC cheong chia chou Disposed 60,000,000 ( 490,368,40 25.532%)
cheong chia chou selling....want ...

Posted by sonyx123 > 2019-01-07 10:17 | Report Abuse

kenie, please read the earlier thread before commenting...

Posted by sonyx123 > 2019-01-07 10:29 | Report Abuse

It was believe that he sold off, and use the money to convert his LA....

Posted by diehardunited > 2019-01-07 17:54 |

Post removed.Why?

Posted by CUTLOST > 2019-01-07 18:04 | Report Abuse

Puc

Posted by jay_cwk88 > 2019-01-07 18:07 | Report Abuse

T+3

Posted by Veron_teo > 2019-01-07 18:37 | Report Abuse

buy more. tp 0.2

Posted by Primeinvestor > 2019-01-07 18:50 | Report Abuse

The market is flood with puc shares

Posted by TheContrarian > 2019-01-07 20:49 | Report Abuse

So, did everyone here buy at 0.105?

Posted by sonyx > 2019-01-07 20:53 | Report Abuse

:) TheContrarian

Posted by Daily8 > 2019-01-08 00:20 | Report Abuse

Thank you for the add on ran777rpt & cytew, not forget sonyx123. The 2 sides of one that against PUC AND one with PUC.

TODAY was a good day for KLCI. Most stocks have rallied including small & big caps. Except PUC.

I still need to see the " promised" earning of PUC. C3 yet to show us PW worthy of acquiring. The interesting component of PW is the face recognition tech. I read this tech will be big in securities. How big...contributed from PW, yet to know.

I'm anticipating the profit guarantee to materialise, hopefully soon.

Posted by Pewuf > 2019-01-08 10:17 | Report Abuse

damn son, the confirmation bias is real

Posted by TheContrarian > 2019-01-08 11:09 | Report Abuse

Huge road block at 0.105 for two days already. Contra players gonna get killed off.

Posted by jay_cwk88 > 2019-01-08 11:11 | Report Abuse

GG

Posted by czhen11 > 2019-01-08 11:28 | Report Abuse

got good news but drop to bottom

Posted by Aries Lim > 2019-01-08 13:15 | Report Abuse

0.100 is the best time buy

Posted by jakeT > 2019-01-08 16:38 | Report Abuse

too many speculators in PUC and really too many shares in the market. damn hard to move up even with such good news for the company

Posted by Sky88 > 2019-01-08 16:41 | Report Abuse

Tomorrow is going to up

Posted by paper123 > 2019-01-08 16:53 |

Post removed.Why?

Posted by Daily8 > 2019-01-08 16:59 | Report Abuse

Presto wallet if you observed; is like groupon strategy. But more expensive

Posted by John1234 > 2019-01-08 17:14 | Report Abuse

I think the operator is trying to collect back the shares offloaded at 12 sen to 13.5 sen last week. I also queued buys at 10 sen and 9.5 sen today. But nothing done. lol.

Posted by TheContrarian > 2019-01-08 18:58 | Report Abuse

It's impossible to buy at 10 sen because there's a queue of buyers for over 14 million shares from the opening.

Posted by John1234 > 2019-01-08 19:29 | Report Abuse

I thought the operator would press down at closing. But he only queued about 2m shares to sell at matching time.

Perhaps he knew he was not able to induce more selling at 10 sen. Lol.

Posted by jay_cwk88 > 2019-01-09 10:45 | Report Abuse

和PUC有什么关系

Posted by prince4 > 2019-01-09 12:04 | Report Abuse

之前sanichi 粉丝不听我话的人也被杀你知杀到剩下骨头！

Posted by prince4 > 2019-01-09 12:04 | Report Abuse

PUC现金4百万，二月债券到期要2千万哪里有钱赎回！

Posted by prince4 > 2019-01-09 12:04 | Report Abuse

PUC 又要收购picturework 用1.5亿 哪里有钱，肯定要发行多50%新股 !

Posted by sonyx123 > 2019-01-09 13:59 | Report Abuse

don't even know what are you talking Prince4

Posted by sonyx123 > 2019-01-09 15:54 | Report Abuse

Prince4, you meant selling it cheap to you, so that you can have the New Year red envelope? Try harder

Posted by abc123 > 2019-01-09 15:54 |

Post removed.Why?

Posted by YapJH > 2019-01-10 00:29 | Report Abuse

I have already mentioned their so called O2O is a old concept. Now you mentioned groupon i finally recall it was the groupon concept. Last time we print out the paper and redeem at shop. This one is just digital form. Nothing new. Why groupon fail last time is because alot of people go to the shops, and show them the offer, and the shops willing to give them the same offer and bypass groupon. The shops dont even need to pay the additional fee to groupon. So now on presto, i could just go to the shops, ask the shops to give me the same discount. The shops dont even need to fork out additional cashbank.

Posted by YapJH > 2019-01-10 00:33 | Report Abuse

Asiabio is fintec? If yes, then prince4, you know puc business model already. They are not really the first one on O2O... fintec portfolio has one that way before already have that. I was tracking that co previously. People dont research hard and just based on hearsay to invest.

Posted by YapJH > 2019-01-10 00:47 | Report Abuse

My banker friends who follow technology sector told me this... whoever advising the boss should be shot. They mess up the steps/things to do big time, in term of the timing to execute corporate restructuring and acquisition.

Can’t deny that the pictureworks profit guarantee may be solid and genuine and can give a lift to the bottomline. But the profit guarantee may have to use to cover the potential impairment of the investment in the marketplace. Marketplace is a burning money game. This company doesnt have the bullet to go big on the marketplace. You just look at the singapore listed co which run shopee.

As always, do your own homework first and then invest within your own mean.

Posted by YapJH > 2019-01-10 10:58 | Report Abuse

Well, there is no one sure win formula one, strategies/action that are taken are based on the circumstances.

So long it serves the intended agenda of those who undertake these strategies then it is consider good. Perhaps there are some behind the scene story why share consolidation was not taken prior to the acquisition.

For commoner like us, the only thing we can do is to research and study properly of the intended investment we want to take.

Posted by Pual > 2019-01-10 11:03 | Report Abuse

YapJH u dont understand PUC owns less than 13% or 14% shares in 11 street,any gain or losses in 11 street will not be reflected in PUC....

Posted by jay_cwk88 > 2019-01-10 11:08 | Report Abuse

Pual Totally agree

Posted by YapJH > 2019-01-10 11:43 | Report Abuse

Please understand the accounting term... impairment of assets/investments and try to understand how it works. And also try to understand how the recognition of investment in associate company works.

If they recognise the investment as other investment, this will subject to impairment test annually.

If they recognise the investment as investment in associate company, they will have to account for fhe share of profit/loss of the result of the associate company. If not mistaken, i saw they recognise the pictureworks and 11street as investment in associate companies.

Try to read more annual report. There are some counters in the tech sector being dragged down bu their invest in associate company.

Posted by YapJH > 2019-01-10 13:25 | Report Abuse

Last year 11street losing about Rm129 million (average RM11 million per month).

Based on simple calculation, RM100k for 10% stake, the monthly loss is RM1 mil.

From RM11 million loss per month to RM1 million loss per month now... woah... they must have done a superb cost cutting job in there for such a short span of time.

Posted by Daily8 > 2019-01-10 13:33 | Report Abuse

Then they should sell off 11th street. No point keeping it as it's losing 100k monthly.

Posted by Daily8 > 2019-01-10 13:37 | Report Abuse

what can 11th street provide when it's not generating profit? I wish to know what is the company real direction in acquiring IT related technologies

Posted by funda > 2019-01-10 13:42 | Report Abuse

@YapJH, please read through the QR page 11.. last paragraph on Review of Performance:
" The Group’s investment in its’ associated company, Pictureworks Holdings Sdn. Bhd., contributed profit of RM3.20 million in the period under review. However, this is offset by the loss arising from the Group’s investment in Celcom Planet Sdn Bhd of RM0.40 million during the current quarter"

If you calculate the losses, total monthly loss from 11street was 1.33mil per month in last qtr (assume 10% owned by PUC)... which is not far away from cytew comment...

Yes, you are right. PUC management has done superb cost cutting cost on 11street after they taking over the management in less than few months, proven by the QTR... Furthemore, despite the aggressive cost cutting on 11street, the users traffic on their site are actually rebound after decreasing for few continuous months....

Posted by YapJH > 2019-01-10 13:44 | Report Abuse

If it is really only RM100k still not too bad. 2018 accounts should only take some small impact since they take over maybe like in july onwards.

Problem is from RM11mil to RM100k per month, is it doable or not? They must have the midas touch to turn it around in a so short time. If the cost cutting measures in fact really works, is it at the expense of the sales like cutting marketing cost (sales down), down sizing or retrenching staff (any compensation? Who will help to fill up the role?).

Marketplace is never easy. Even if you want to sell you need to reach a certain critical mass only then people may look to buy over.

Posted by Daily8 > 2019-01-10 13:45 | Report Abuse

funda @YapJH, please read through the QR page 11.. last paragraph on Review of Performance:
" The Group’s investment in its’ associated company, Pictureworks Holdings Sdn. Bhd., contributed profit of RM3.20 million in the period under review. However, this is offset by the loss arising from the Group’s investment in Celcom Planet Sdn Bhd of RM0.40 million during the current quarter"

If you calculate the losses, total monthly loss from 11street was 1.33mil per month in last qtr (assume 10% owned by PUC)... which is not far away from cytew comment...

Yes, you are right. PUC management has done superb cost cutting cost on 11street after they taking over the management in less than few months, proven by the QTR... Furthemore, despite the aggressive cost cutting on 11street, the users traffic on their site are actually rebound after decreasing for few continuous months....
10/01/2019 13:42


@Funda,cytew mentioned it's 100k permonth, no? 1.33 mil losses permonth is different by 1.23mil, fren

Posted by YapJH > 2019-01-10 13:50 | Report Abuse

Thanksfor pointing out... now the question is... the share of loss is for one month or 3 months? It make a lot of difference.

Page 9 of QR, exercise completed on 14 September 2018. Enough said. Please read harder.