Posted by kcyim1970 > 2014-10-05 10:29 | Report Abuse

What is the benefits of buying this counter when after the dividend of RM2.62 (approximate) is paid and the share drops to 0.08 cents? Not to mention if there is a tax on the RM2.62 dividend. In such a case, would this counter be goreng to at least RM3-00 and above before ex-date if the proposal is approved?

Posted by ahson > 2014-10-07 12:07 | Report Abuse

wait till neck long long lor TnT

Posted by zckoo > 2014-10-07 16:07 | Report Abuse

Still worth to wait?

Posted by shinado > 2014-10-07 16:23 | Report Abuse

kcyim1970 can you explain how do you get the figure of RM 0.08 per share post-dividend?

Posted by starkdark > 2014-10-08 16:11 | Report Abuse

I dont think the assumption of RM0.08 is correct.
using that theory, if the stock price is RM2.60 and special dividend rm2.62, then does it mean the stock price ex special dividend is -RM0.02? doesn't sound logical.

I thought the stock price ex special dividend will be determined again based on the remaining assets and valuation...

Posted by Steven Yong > 2014-10-08 16:34 |

Post removed.Why?

Posted by shinado > 2014-10-08 18:36 | Report Abuse

stardark, yes stock price ex dividend should be determined in a more meaningful way just like you said it. That is why I was curious to know how the RM0.08 figure came up as some mentioned here. For all we know now, NTA post dividend is RM0.40 per share. Just waiting for the announcement...

Posted by Steven Yong > 2014-10-08 20:39 | Report Abuse

Special div expect 2.62, now 2.64. Onve ex it is 0.02 theory . But ppl may think it worth more, so migjt cause shr price to spike. So buy now for no risk investment

Posted by Steven Yong > 2014-10-09 11:15 | Report Abuse

wow, buying ASSETS 0.30 with 0.01 now!

Posted by ahson > 2014-10-09 13:07 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1759853

Posted by killerkid > 2014-10-09 15:20 | Report Abuse

what does this mean????? anyone care to elaborate in lehmans terms.....

Posted by ahson > 2014-10-09 15:24 | Report Abuse

Following the market consultation which shall continue until 17 October 2014, CCS will decide on their acceptance or rejection of the Proposed Divestiture Commitment as well as the Proposed Commitments

I think we should wait at least till 17 of Oct for the css result. haiz.

Posted by kltan > 2014-10-09 15:25 | Report Abuse

Seek did not disclose all information to CCS

Posted by killerkid > 2014-10-09 15:30 | Report Abuse

in ur professional opinion..is the deal still going through or no

Posted by ahson > 2014-10-09 15:35 | Report Abuse

around one week from now to know the result from CSS.

Posted by kt888 88 > 2014-10-09 15:45 | Report Abuse

If CSS reject the proposal, the price will fall down

Posted by ahson > 2014-10-09 15:47 | Report Abuse

hmm... like 50 50..

Posted by kt888 88 > 2014-10-09 15:56 | Report Abuse

just now the price was drop to 2.60... seem likes not a good sign... hmmm...

Posted by ahson > 2014-10-09 16:01 | Report Abuse

not that bad I think as Seek really wish to hold Jobstreet. Hope they will do something :)

Posted by shinado > 2014-10-09 16:27 | Report Abuse

17 Oct is just around 1 more week. Let's wait and see!

Posted by Steven Yong > 2014-10-10 11:36 | Report Abuse

2.62, A NO BRAINER, Buy

Posted by myoswee > 2014-10-10 14:16 | Report Abuse

Following the market consultation which shall continue until 17 October 2014, CCS will decide on their acceptance or rejection of the Proposed Divestiture Commitment as well as the Proposed Commitments.

After 17 October 2014, CCS still need time to decide. So still some uncertainty.

Posted by Lew Chin Hoong > 2014-10-10 22:46 | Report Abuse

reject also no need scare, jobstreet EPS keep raising.

Posted by benson911 > 2014-10-13 13:28 | Report Abuse

If deal fail, price may drop back RM2 i guess............

Posted by Steven Yong > 2014-10-14 10:14 | Report Abuse

Maybe near 2.20

Posted by myoswee > 2014-10-17 16:24 | Report Abuse

Results Out ?

Posted by hhc8 > 2014-10-17 16:24 | Report Abuse

jobstreet running 2.74

Posted by ahson > 2014-10-17 16:33 | Report Abuse

any insider news? Up so much

Posted by Ooi Cheng Kee > 2014-10-17 17:01 | Report Abuse

close 2.6. ????

Posted by ahson > 2014-10-20 10:23 | Report Abuse

No deal today

Posted by Helen Saint Tan > 2014-10-20 10:41 | Report Abuse

special dividend today?

Posted by ahson > 2014-10-20 15:40 | Report Abuse

someone purposely press the price down=.=

Posted by myoswee > 2014-10-20 17:22 | Report Abuse

Some impatient people sell down.

Posted by powerwk > 2014-10-20 18:23 | Report Abuse

Deal will sure on. They have done so many ins and prepare for it so no way back. I could be wrong but that what I strongly believe. If nothing happen before mid November then consider I'm wrong.

Posted by ahson > 2014-10-21 10:01 | Report Abuse

no deal again

Posted by Lew Chin Hoong > 2014-10-27 18:30 | Report Abuse

Lol y no decision yet

Posted by jayajaya > 2014-10-31 17:19 | Report Abuse

CCS green light

Posted by kaikai > 2014-10-31 17:41 | Report Abuse

Green light granted !!! .. Harvest time

Posted by son7 > 2014-10-31 17:59 | Report Abuse

hahaha... finally :D

Posted by kltan > 2014-10-31 18:34 | Report Abuse

should move up next week!

Posted by stoCKTANgerin > 2014-10-31 20:05 | Report Abuse

Hehe, CFO already gives hints in the email, "our faithful patience to be rewarded ASAP".

Posted by firehawk > 2014-10-31 21:55 | Report Abuse

so, 2.62 +0.30 =2.92, should worth 2.92?

Posted by shinado > 2014-11-01 12:56 | Report Abuse

What is the 0.30 in your calculation? NTA after disposal? That should be somewhere close to 0.40. And let us not forget that company did share buybacks, so we should be looking at around 2.65 instead (if we assume they will remain in treasury or cancelled).

Posted by shinado > 2014-11-01 13:13 | Report Abuse

Actually I'm glad a decision has been made. At least we can now move on to the next phase.

Posted by thser1 > 2014-11-02 20:19 | Report Abuse

The moment everyone has been waiting for is here

Posted by kaikai > 2014-11-03 01:10 | Report Abuse

I guess the strategy for everyone should be as follows if we want to maximise profit and you are not in need of cash -

Step 1. Wait for the capital repayment of RM2.62 or RM 2.65 (inclusive of treasury shares) , the company has given very clear timeline which is by 4Q 2014, from there you should have recoup your capital plus profit.

Step 2 . Hold the shares till the next phase , there are two possibility A) New business injected B) Distribution of remaining assets (refer to my earlier post) of how the RM 0.4 was derived. In scenario A , you should get more than RM 0.4 and in Scenario B we get at least RM 0.4 .

Posted by Lew Chin Hoong > 2014-11-03 10:12 | Report Abuse

Hi kaikai, can you share the scenario A & B again in the headline instead?

Posted by kaikai > 2014-11-03 11:37 | Report Abuse

Lew : Scenario B ) Guys, I did some calculation on the intrinsic value of Jobstreet, seek your view. Post disposal of Jobstreet's core business , the company is left with (i). 7.63 Million Shares of 104 Corporation (3130.TPE) worth approximately RM109 Mil (ii). 26.2 Million Shares of Cinderella Group (550.HKSE) worth RM14 Mil, (iii). 54 Million Shares of 1010 Printing (1127.HKSE) worth RM24 Mil (iv) 29 Million Shares of Innity Corporation with RM10 Mil (v) 5 Million Shares of AsiaTravel.com worth RM 3.3 Mil. These shares listed in various countries together with the Short Term Investment and Mutual Funds that it owns comes up to approximately RM190 Mil based on my calculation. If we divide by share cap of 700 Mil , This alone comes up to 0.27 a shares . Assume that post dividend paid out the the share is worth RM0.1 or less, I don't mind paying RM 70Mil for a PN17 company that's worth RM190 Mil (Excluding Property, Other Operating Companies etc).

Posted by buffetthe2nd > 2014-11-03 11:58 | Report Abuse

what happen if the buyer suddenly withdraw?

Posted by shinado > 2014-11-03 13:32 | Report Abuse

Then Jobstreet core business will remain with the company and price will fall down to pre-disposal announcement price I think. Which will be fine as it is a really good business to keep in the first place. The only thing is need to compete with JobsDB again.