Recovery in TM will may save GP for the time being. Further out GP will rise gradually.
I can't see anything seriously wrong in the deal for TM. Just imagine if TM were to start from scratch. Not just have to spend far more money, there is also the value of time. Now TM's ambitions are fast-tracked several years. The truth is TM got P1 on the cheap. P1 likely to be profitable in FY 2016.
Compare that with YTLP's YES. After 4 years (i think) it is still bleeding cash - far more than P1. Unlikely to be profitable for another 3 years at least.
TM's mobile broadband business would have taken 2 years to be profitable vs YES's 7 years (at least).
What's past is past. Sunk is sunk. Forget the numbers in the books. Look to the future. In 3 years, I hope P1 to have only 20% of the capitalisation of DIGI (42b) or Maxis (52b). You work out how much per GP share that will be.
IPO could be on the card too and see how it goes. Then GP shareholder could be benefited too. Do not discounted this possibility which is high on the cards when everything is in place.
u guys still dun understand or refuse to accept the fact? GP's stake in P1 will eventually go to TM as part of the agreement.....TM dy paid the 210m, it's just "temporary owned by GP" only. Obviously GP will not redeem the 210m (doubt they capable too) and just give all their P1 share to TM as contra (part of the official agreement) even P1 value grows 10x after 2 year.....why? hei hei hei......u guys are too innocent
Moneysuclker about the stock you ask me in last week, aren't the Equity Company by the same name going to acquired whole of the shares at 0.15sen but we are in at higher than that.
Vampire, you are right ... not only that, the planned RM1.6 bil capex will also dilute GP in P1 further. Guys who invest in gpacket long term pls don't wake up 1 morning and seeing P1 become a multi-billion telco but Gpacket is no longer a substantial owner.
Part of the reason to have such complex agreement is to avoid GP EGM, so that you guys cannot reject the deal :) Keep your bullet, go for other counters
After selling down it's stake in P1 one must ask what is the revenue source of GP. While the debt of P1 is moved to TM, one must ask if GP future business is sustainable. I have bought GP at 0.43 and with the hope of making 100% returns. But the deal is not what I have anticipated. Just hv to sell and move on to other counters.
We all can basically summarise this deal to be worth only RM210 mil ... dont expect gpacket to repay TM back. After minus all debts and etc, maybe RM80 - RM100 mil cash left? So gpacket still has a bit to drop.
hang myself to pokok taugeh lahhh...lost 4k....i dont know want to cabut or hold long.any suggestion.i'm ikan bilis only.....but i can hold...not know how long arrr...
ktsk, the one i asked you to buy still in money la...but i will be selling it off at cost or hold it for a while as i will be overseas for business trip soon.
ocpd, pm me please..i have one counter in hand that looks like gonna be the next focal aka eco world performance..but i need to share other ppl idea on it..
In reality, taking P1 off Green Packet's hands is the best thing to happen. This is because GP can now focus on developing devices which has been profitable all this while. P1 was bleeding the company. Read the financials
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nagachan
669 posts
Posted by nagachan > 2014-03-31 12:01 | Report Abuse
big queue to sell at 0.45 but price not pushing down. well absorbed at 0.445. What it means?