Hello, i'm new here.... I believe now is the sunrise for GP :-P B'coz until now P1 still represent GP so watever good or bad news still affected the price 4 GP I will holding GP. Unless in future they plans 2 release new IPO call "P1" at that time I definitely sell all my GP shares cos GP n P1 will be 2 different counter
I thinks nowadays GP become the best or the worst only internal know. I bought it for gambling such like buy big small. This is high risk but might be high return also. All good luck in Bursa!
Where GP can find $ to pay Intel Capital? Monthly int is ard RM900k. Up to March 2014, int payable is ard RM14.4m!!! Capital RM56.7m + Int RM14.4m = > RM70m
Those who bought GP shares today and hope for strong rebound in coming days are in hot soup now!
In accordance with the Investment Agreement, the Company is also proposing to undertake, amongst others, the following:-
(a) the conversion of 1,927,620 Class A Islamic irredeemable convertible preference shares (“ICPS”) of RM0.10 each in PON (“Class A ICPS”) and the 200,000 Class B ICPS of RM0.10 each in PON (“Class B ICPS”) to be acquired by POSB from Intel Capital Corporation pursuant to terms of the Investment Agreement;
Green Packet chief executive officer C.C. Puan said he was confident the matter with Intel would be amicably settled out of court. Don't play play with international company like intel.
Per proposal, Class B ICPS held by Intel Capital is to be converted into 355,117 PON shares (if RM71m works out to be RM200/RON share) but now Intel Capital won the case. GP is to acquire from ICPS from Intel Capial and is liable to RM60m - Repayment of RM3.29m + Interest at 1.5% per MONTH starting Nov 2012.
Does GP has the money to pay Intel Capital within 90 days? I don't think the deal with TM can be completed within 90 days!
It will be a slant/oblique 'downwards' direction in GP chart in the next couple of days/or late by end of next week & look at current trending; may even reach as low as 0.39...... Lets face it (in factual), the benefit of 'take over' are likely for TM to gain advantage rather than to them.
However, what Mr. AsiaWarrenBuffett somewhat true in term of strategy in 'business' dealings... but I dont think its 'fit' to be counted as an indicator towards 'stock' holding in GP.
I somewhat agree also blackdove. Because both company of course have done their 'studies' advantage/disadvantage in this dealings... However, lets face it, GP currently in 'heavy' debts with good business 'segment'; TM 'cashlords' takes over as 'majorholder'; whom in better positions now? Long term TM gain off it 'in reality'... GP now playing 'smaller' role than before. Not taken into discussion of SK as co-sharing also. Something to think about! Cheersss
in this forum, many times ppl say drop drop drop, are ppl that wish it to drop so they can accumulate....when people say buy buy buy, could be dangerous coz they want you to buy so they can sell...
Hahaha... Also 'totally' agree with David Goh. But for me, 'frankly' I'm none holding here. I'm holder of TM. And like you said, I'm suggesting ppl here to sell off (cut loss) now so buy TM because I'm selling there... :-P But not below RM6 for TM la... Queue @ 6.3 above & waiting... :-D
My personal opinion, if I understand correctly, a total of 1.65B will put in gradually for P1LTE roll out. TM spend 1.65, it either do it themselves or engage ppl to do. So who will be the ppl? SK is master in this LTE, wimax, I think. and GP also, I think.
I like it davidsiaw... 很好! that is surely the 'best' decision for U! if bought somewhat like current GP price or less than .4, already gain in SONA.......
So sad to see ppl don't know how to read. Just because it is bad for TM doesn't mean it is good for Gpacket, because TM is gonna use it cash stockpile to spend more on RM1.6 bil LTE rollout capex, at the same time diluting Gpacket in P1. TM dividends investors won't be happy with this capex coz will ultimately affect their dividend payouts. BTW, neither Gpacket or SKT does network rollout business, this sector belongs to Alcatel, ZTE, NSN, etc.
Though Gpacket may benefit by selling more LTE modems provided those TM cronies continue to buy from them.
ocpd... Tailo; 'read'ing & 'interpret'ing is with huge difference lorrr. ;-) simply by reading only doesnt help much in making decision nor proving anything.
Looking forward, P1 seems to have good potential. But how much is it left for GP ? TM and SK are two major shareholders of P1. TM also has bond for conversion to increase its P1 % further. There would nothing much for GP.
Yes, for us who are holding stock, let see how deep it drop and next how far it up. Within how long time? Weekly, monthly or yearly? No body know! Sell & buy for self situation. For me, put it a side keep loh! What can do?
Upon completion of the Investment Agreement and subject to closing adjustments, Mobikom will emerge as the largest shareholder of PON, with a 56.8% equity interest in PON. Simultaneously, the equity interest of the Company, via POSB, in PON will be diluted from 55.0% to 30.0% (“Proposed Dilution”).
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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....
jayhao2000
189 posts
Posted by jayhao2000 > 2014-04-01 17:07 | Report Abuse
zu1967, contra players need to cut losses as they bought in higher price last week,
long-term investor does not affected. =)