Posted by SexC > 2014-02-21 09:43 | Report Abuse

Precisely wat i hv bin saying.. But tis blog has missed out one important thing..

Posted by nicole76 > 2014-02-21 10:18 | Report Abuse

Still love this class 1 counter, ROE more than 40%, Cash Rich, restructuring, giving back special dividend for the disposal of the subsidary, Dividend consistent, even is they get PN17 or PN16 it's just temporary, as they need to comply to Bursa regulations and formula as well as proposal what they will do with the extra cash ;) GOOD LUCK everyone!

Posted by SexC > 2014-02-21 10:37 | Report Abuse

JOBST is going to b PN 17.. Shit!

Posted by SexC > 2014-02-21 10:59 | Report Abuse

JOBST is going to b PN 17.. Shit!

Posted by weiboy90 > 2014-02-21 11:00 | Report Abuse

the company is selling its core biz, so later it classified under PN17

Posted by SexC > 2014-02-21 11:00 | Report Abuse

errrr... PN16 too.. shit!

Posted by SexC > 2014-02-21 11:01 | Report Abuse

these kind of titles can not b good news

Posted by benson911 > 2014-02-21 12:21 | Report Abuse

Upon completion of the Proposed Disposals, JobStreet will have no significant operations and
will hold cash, certain investments held for sale and other illiquid assets. In such an event,
Bursa Securities may classify JobStreet as an ‘affected listed issuer’ under PN17 of the
Listing Requirements upon completion of the Proposed Disposals as JobStreet may be
deemed to have triggered the following prescribed criteria under PN17:
(a) suspended or ceased all of its business or entire operations as a result of the
Proposed Disposals; or
(b) have an insignificant business or operations after the Proposed Disposals.

Posted by Lew Chin Hoong > 2014-02-21 13:21 | Report Abuse

It still risky to buy at the current price,after distribute 2.4 special devidend it will fall to PN17.
How are we going to dispose the remaining 0.15 share? Although the NA is 0.33,so what?they are not going to dispose as they still got business.

Posted by thser1 > 2014-02-22 20:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1542781
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1542785

Proposed acquisition to be completed by 2Q 2014, proceeds of RM2.40/share will be returned to shareholders if successfully acquired by SEEK. JCB shareholders will be left with a shell company with RM0.33/share net cash and cash equivalents, and NAV for JCB post acquisition will no doubt be higher than RM0.33/share as the entity will also hold other illiquid asset (correct me if I'm wrong).

Market price of RM2.54 does not reflect valuation of RM2.40 + RM0.33 = RM 2.73 + premium (?%), due to risk of acquisition not gaining approval of JCB shareholders & Singapore regulatory restriction. And also risk that post acquisition JCB will enter into PN17 or PN16 status (management is paying close attention), making it difficult for JCB shareholders to dispose their shares to secondary market once post acquisition JCB is privatised.

I believe once management comes up with a clearer picture for post acquisition JCB, this stock will surge to TP RM2.80 easily (based on a conservative premium).

Just my two cents and do your own due diligence before you make any investment decision.

Posted by Duitbesar > 2014-02-22 20:38 | Report Abuse

Berita baik jadi berita buruk. Lebih baik duduk tepi sebab valuation tak tahu berapa lebih jadi kerang kosong. Mungkin RM2.40?

Posted by kenrixx > 2014-02-22 21:29 | Report Abuse

if special dividend per share is RM2.40, meaning that only ppl who bought the share below RM2.4 will get profit while others rugi?

Posted by Tommylim > 2014-02-22 21:34 | Report Abuse

Can someone who has understanding of this latest development share with us whether to buy? Thannk you.

Posted by angkor > 2014-02-23 11:28 | Report Abuse

For myself I will sell first to lock the profit... use the cash for other good stocks

Posted by affersdarto > 2014-02-23 15:18 | Report Abuse

I agree with angkor... will sell and lock profit first. It's unfortunate as this is a very good fundamental stock, was hoping to keep for long term. Will use the cash to increase my stake in Matrix/Karex/Presbhd/NTPM.

Posted by Lew Chin Hoong > 2014-02-23 18:01 | Report Abuse

read this before make decision -> http://malaysia-share-market-talk.blogspot.com/2014/02/jobstreet-buy-or-sell.html

Posted by dalpinia > 2014-02-24 10:01 | Report Abuse

is it confirm special div rm2.4?

Posted by dalpinia > 2014-02-24 10:02 | Report Abuse

not rm2.72?

Posted by SexC > 2014-02-24 12:53 | Report Abuse

Jz 2.40 n later PN 16 PN 17

Posted by SexC > 2014-02-25 17:08 | Report Abuse

But it is very strange tat tis institutional substantial shareholder wit 8.3% is still buying...

why? why? isn't JOBST later PN17?? or may b not.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1546749

Posted by TonsilBasher > 2014-02-26 08:03 | Report Abuse

you are smart sexc. the fund definitely know something that ordinary investor dont. they prove it by their action of buying more!!

Posted by SexC > 2014-02-26 08:04 | Report Abuse

Why tis institutional substantial shareholder wit 8.3% bot in 152700 shares recently??

Is it not worry abt JOBST going PN 17? Oooooooorr..... it knew JOBST wil not b PN 17..

I wil follow it n buy..

Posted by shinado > 2014-02-26 10:44 | Report Abuse

sometimes, PN17 means nothing if a company is fundamentally strong. Maybe instituitions believe the company can bounce back quickly after this.

Posted by SexC > 2014-02-26 11:33 | Report Abuse

could it b SEEK did not inform tis institutional substantial shareholder wit 8.3% shreholding tat was why it bot in 152700 shares recently??

Posted by SexC > 2014-02-26 11:39 | Report Abuse

jowong7.. after d dividend payout... JOBST CANNOT jz b an investment holding.. else it wil b PN 17 n delisted in time

Posted by SexC > 2014-02-26 11:56 | Report Abuse

152700 is small yes.. but tis is a fund.. tat cannot simply play wit its fund..

Posted by SexC > 2014-02-26 12:06 | Report Abuse

jowong7... u say "the recent sell down from 2.9 until now was done in large trades and i feel that retail shareholders don't have the quantum to do so""

So SEEK did not inform tis institutional substantial shareholders n surprised all of thm n they r selling now? n d selling wont stop..

Posted by SexC > 2014-02-26 12:15 | Report Abuse

ths funds could b selling off if they hv bin surprised by SEEK n their mandates do not allow them to hold unlisted cos.. by doing so they wil b making losses.. cant they jz block d sale to SEEK?

Posted by SexC > 2014-02-26 12:21 | Report Abuse

at tis moment it looks like they r selling big time.... retail investors.. shd buy or sell too??

Posted by SexC > 2014-02-26 12:23 | Report Abuse

I stil think.. buy

Posted by TonsilBasher > 2014-02-26 12:53 | Report Abuse

i have no problem with your sell down. i am holding it..

Posted by SexC > 2014-02-26 15:53 | Report Abuse

tis is how it feel whn foreign funds r leaving.. fast n furious.. n not over yet

Posted by SexC > 2014-02-26 16:18 | Report Abuse

tis really make it feel like JOBST is going to b PN 17 n delisted!!!

Posted by SexC > 2014-02-26 16:29 | Report Abuse

feel more n more like JOBST is going to b PN 17 n delisted!!!

Posted by SexC > 2014-02-26 16:51 | Report Abuse

ya.. more or less confirmed JOBST is going to b PN 17 n delisted!!!

Posted by arv18 > 2014-02-26 16:57 | Report Abuse

sexc ... why don't u go do some sexing instead of all this txting????

Posted by SexC > 2014-02-26 17:05 | Report Abuse

all ths selling to continue tomoro??

Posted by SexC > 2014-02-26 17:07 | Report Abuse

seriously think JOBST is going to b PN 17 n delisted!!!

Posted by SexC > 2014-02-26 17:16 | Report Abuse

o..... cia lat

Posted by David Mor > 2014-02-26 21:05 | Report Abuse

sincerely does anyone know this company? FIL Limited and *Pandanus Partners L.P? Look like it is accumulation the share of jobst

Posted by SexC > 2014-02-27 07:56 | Report Abuse

Thr r many foreign funds substantial shareholders in JOBST.. whc ones r doing accumulation n whc ones r selling like crazy?

Posted by SexC > 2014-02-27 08:42 | Report Abuse

Sell side.. looking innocent at d moment..

Posted by TonsilBasher > 2014-02-27 14:32 | Report Abuse

sexc can you sell all your portion if you still have it. I want to buy them.

Posted by SexC > 2014-02-27 14:46 | Report Abuse

HaHa u didn't c tis meh..

I stil think.. buy

26/02/2014 12:23


yesterday really scary ler.. sell sell sell

HaHa today so quite.. I think u miss liao d opportunity to buy.. cheap sales over liao

Posted by SexC > 2014-02-27 14:47 | Report Abuse

ang mo balik liao.. no more cheap sales liao

Posted by SexC > 2014-02-27 14:50 | Report Abuse

why only now want to buy o.. no balls ka yesterday?? haha

Posted by SexC > 2014-02-27 14:53 | Report Abuse

yesterday ah.. I put 2.47 also got o.. wah really cheap leh

Posted by shinado > 2014-02-27 16:00 | Report Abuse

SexC, if you do not get it, people are telling you to sell it since you are jumping up and down here. Better not buy something that you can't take the risk for :)

Posted by SexC > 2014-02-27 17:22 | Report Abuse

HaHa me no scare la.. others scare la

Posted by SexC > 2014-02-27 17:24 | Report Abuse

scare I buy at 2.47 meh.. gong gong one la u shinado