Posted by nelayan > 2015-10-05 10:21 | Report Abuse

flying......

Posted by luckyman > 2015-10-05 10:21 | Report Abuse

It will go much higher if there is a proper research report and TP issued by established research houses like HLG Research.

Posted by Eldon Ong > 2015-10-05 10:22 | Report Abuse

Hutu...fast fast break the 0.615...then fly higher...

Posted by chankp7010 > 2015-10-05 10:24 | Report Abuse

Very positively written in "Focus" newspaper. After de'men (USJ mall ) sale, 65 sen per share. cash. Land in Batu Kawan if revlalued to present market value will further increase NTA from RM1.14 to at least RM1.80. Target price as predicted will be at least 71 sen within a immediate term. RM1 is for medium term.

Posted by timing > 2015-10-05 11:06 | Report Abuse

big shark playing WA.

Posted by jonbravo > 2015-10-05 11:23 | Report Abuse

0.605 chased. Guys, pls buy now. U will not regret. Value for money

Posted by gick891214 > 2015-10-05 13:24 | Report Abuse

warrant is cheap now if compare with mother... go go go gob...

Posted by nelayan > 2015-10-05 14:14 | Report Abuse

The Exercise price for warrant is RM0.80, why cheap?

Posted by riskabsorber > 2015-10-05 14:54 | Report Abuse

http://www.focusmalaysia.my/Mainstream/Desmond%20linked%20%20to%20USJ%20mall%20sale

Posted by NoPainNoGain > 2015-10-05 15:03 | Report Abuse

Staying above 60 cents is crucial..

Posted by gick891214 > 2015-10-05 15:15 | Report Abuse

Nelayan: usually warrant is trading at premium price..

Posted by runnerman > 2015-10-05 15:27 | Report Abuse

Uptrend confirm....0.8 coming soon...

Posted by kancs3118 > 2015-10-05 21:55 | Report Abuse

the article by Focus Malaysia is very interesting - the proceeds from Da'mein disposal will be used to buy Desmond Lim's privately held land....

Da'mein is financed by rights issue + bank borrowings. For the shareholders who have contributed to rights, screw them...you owe them nothing. For bank borrowings, well, you need to pay the bankers or else the bankers will screw you. Now, GOB disposed Da'mein to Pavillion REIT and after paying off the bankers - and NOT paying any dividends - they have effectively exchanged Da'mein for a few pieces of land from Desmond Lim.

Now, i am just wondering...if i am desmond lim - i will keep the best to myself. I will cash in the deals on the fringe....so, what i have done is that i exchanged the crown jewel in the family (Da'mein) for a few pieces of land that i have....if this is the case, it seems GOB shareholders have been taken for a ride...

the story will be different if a portion of the proceeds are
- distributed back to shareholders as dividends...
- pay off debt and become a net cash company, and
- used as working capital to finance Batu Kawan and JV with Lembaga Getah....

Posted by nelayan > 2015-10-06 09:17 | Report Abuse

gick891214,thank for infor

Posted by eatsmall > 2015-10-06 10:03 | Report Abuse

up le...

Posted by NoPainNoGain > 2015-10-06 10:57 | Report Abuse

@kancs3118..until the 3 points you mention at the end cleared,GOB is risky game instead of a hidden jewel..is my understanding correct?

Posted by alphajack > 2015-10-06 12:32 | Report Abuse

last week when I commented at 56c someone flag me and dare to doubt me. Pui la you are not my match I am always right

Posted by ismail111 > 2015-10-06 12:40 | Report Abuse

Don't angry AJ, every investor have own opinion....

Posted by eatsmall > 2015-10-06 15:51 | Report Abuse

aduiii..

Posted by camel > 2015-10-06 16:39 | Report Abuse

why suddenly down so much?

Posted by tailwagsdog > 2015-10-06 16:42 | Report Abuse

.
Market does not value cash in the bank as much as it does recurrent income.

Would have been far better if they kept the shopping mall. Shares would be valued much higher.

Posted by kancs3118 > 2015-10-06 19:27 | Report Abuse

It depends on what type of land they got from Desmond

Posted by valueinvestor > 2015-10-06 21:57 | Report Abuse

It is likely to conserve more cash for its Pavilion Embassy project instead of buying more land....it's no longer easy to get bank loans for property development or buy land....

http://www.pavilionembassy.com/

Posted by kancs3118 > 2015-10-06 23:40 | Report Abuse

actually, the desmond lim connection is not a bad thing...for a relatively obscure company like GOB to get such good terms on Pavillion Embassy - shows the connection is very important...
i am just afraid that GOB may end up to be a front to dump junk assets....

Posted by Inve3tor > 2015-10-07 08:28 | Report Abuse

If confirmed Da'Men sold, price calculated 0.78 per share which very attractive!

Posted by speakup > 2015-10-07 08:41 | Report Abuse

sold but nothing returned to sharesholders

Posted by NoPainNoGain > 2015-10-07 10:11 | Report Abuse

Most counter/company when they gain anything,they just share within themselves.. will GOB be different..if based from human nature,probably no...but for whatever reason Im still holding tight to mine..haha

Posted by eatsmall > 2015-10-07 10:22 | Report Abuse

mother 1sen down - warrant 1sen down, mother up - warrant silent !

Posted by riskabsorber > 2015-10-07 11:10 | Report Abuse

Warrant currently trading at premium. Besides, warrants do not entitle for the potential dividend (if declare even though the chance is minimum.)

Posted by chankp7010 > 2015-10-07 11:32 | Report Abuse

It is puzzling why GOB share price is still lingering around 58.5 sen to 60 sen! Judging from so many well written reports upon sales of De'men (USJ mall), the company will be cash rich with 65 sen per share, unless the deal is off subsequently. But, then a lot of people also saying that GOB should not sell its crown jewel in order to keep for recurring income (via rental of shopping mall + car park receipts)

Selling De'men will instantly make GOB cash rich and free from debts. Those cash can be used for other beneficial productive purpose as mentioned by others in the blog.

Posted by riskabsorber > 2015-10-07 11:42 | Report Abuse

1 10.0% Deposit upon signing SPA (17 September 2015)
2 70.0% Within 30 days of SPA being unconditional and effective when the last of the Condition Precedent is fulfilled; and Redemption statement cum undertaking from chargee being
delivered (17 October 2015)
3 5.0% Within 14 business days after the final plans had been filed and approved by the Appropriate Authorities (the “Renovation Plans”)
4a 2.5% Within 14 business days from 6 months after the date of issue of the Certificate of Practical Completion
4b 2.5% Within 14 business days on the date of expiry of the defects liability period, ie 18 months after the date of issue of the Certificate of Practical Completion
5 10.0% Within 14 business days after the Trustee receives the strata titles and valid and registrable memorandum of transfer to the Property duly signed for and on behalf of the Proprietor

10 more days will collect 70% out of RM 488 mil = RM 341.6 mil.

Posted by NoPainNoGain > 2015-10-07 11:47 | Report Abuse

@riskabsorber..so until 17 Oct,there still chance for the deal to collapse? just asking cause Im having problem understanding it.

Posted by riskabsorber > 2015-10-07 11:52 | Report Abuse

Yes, until 17 Oct still have chance for the deal to call off. However, if Pavreit don't have the intention to buy that property. They won't sign the Sale & Purchase Agreement.

Posted by Inve3tor > 2015-10-07 11:54 | Report Abuse

Wow. 17 Oct the share will FLY! 70% which RM 341.6 Mil

Posted by eatsmall > 2015-10-07 14:36 | Report Abuse

fly le bro..

Posted by setia2u > 2015-10-07 15:37 | Report Abuse

17th Oct ? Saturday?

Posted by riskabsorber > 2015-10-08 09:55 | Report Abuse

If fall on Saturday, then should be even earlier at Friday.

Posted by kakashit > 2015-10-10 22:16 | Report Abuse

No doubt, Damen is really located in a very strategic location，商家必争之地。

But the key of the precondition of the agreement is:

"Tenants of not less than 70% of the NLA in the Shopping Mall having opened their
shops for business"

bcoz the nature of Reits is to hv steady rental yield.

what if nobody open biz when the mall is running?

And example would be 1 Shamelin mall in Cheras, 5min driving distance from Sunway Velocity only.

Then u guys will really go kaput.

Now our nation's econ so lame due to oil price drop， i think all the retailers for sure will think twice before settle in Damen，俗语说“三思而后行”

bcoz every mall come come go go who can afford high rental are Starbuck, McD, Uniqlo Padini.....

Same thing as u go to Pyramid, Empire, Paradigm and soon Mahsing Icon city.

and then Summit now in revonation, juz beside Damen

Aizzzz, red ocean red ocean

Posted by kancs3118 > 2015-10-10 23:10 | Report Abuse

read carefully, Da'mein is already 90% tenanted.

Posted by kakashit > 2015-10-11 10:32 | Report Abuse

no Starbuck, no Tesco, no talk

Posted by kakashit > 2015-10-11 10:33 | Report Abuse

if Econsave stood there like SS2 mall, then u finished egg liao

Posted by valueinvestor > 2015-10-11 14:39 | Report Abuse

At RM0.585, GOB is only valued at RM266 mil. It will report more than RM130 mil PAT for FY ending 31 March 2016 if the Damen mall sale is completed with payment received by then. Very much undervalued indeed!
Its Batu Kawan land alone is worth RM700 mil, way above its market capitalization.

http://www.themalaysianinsider.com/business/article/momentum-building-up-at-global-oriental

Posted by gick891214 > 2015-10-12 09:24 | Report Abuse

Yeah....

Posted by ft80 > 2015-10-12 11:49 | Report Abuse

but very quiet

Posted by Telstar > 2015-10-12 18:29 | Report Abuse

Don't ever buy this GOB better see other counter like IRIS SUMATAC BTM SYF.

Posted by Inve3tor > 2015-10-12 22:33 | Report Abuse

they going to buy perwira nadi shareholding. will this be benefit to investor?

Posted by Telstar > 2015-10-13 01:10 | Report Abuse

What ever it is daging guwa makan tulang Lu makan lo...

Posted by Telstar > 2015-10-13 01:13 | Report Abuse

If it is good the price already moved.!

Posted by gick891214 > 2015-10-13 13:49 | Report Abuse

The price will move once management has declare something...haha

Posted by NoPainNoGain > 2015-10-13 15:12 | Report Abuse

Price has been staying above Sept 23rd closing price..it should be good..unless world economy going through a free fall,there's no reason why GOB would drop sharply.