PKNS's ("the Plaintiff") application for an injunction was dismissed with costs by the Judge.
The Judge has granted the Plaintiff an Erinford Injunction / Temporary Injunction pending the filing of an application / appeal before the Court of Appeal against Nusa Gapurna Development Sdn Bhd.
...MRCB management is of the view that legally, NGSB honoured its agreement by exercising the “Dragalong notice” on 23rd April 2013 whereby PKNS is aware about the exercise when MRCB proposed to takeover the NGSB in 8 February 2013. The drag-along notice had already been agreed by both parties (NGSB and PKNS) when they entered into an agreement in 2010 to develop the land....
...it is now matter of PKNS can really buys backs the NGSB’s 70%-stake in PJ Sentral. MRCB would precede other land deals (i.e. Gapurna Land and Gapurna Builders) with NGSB and defer the PJ Sentral Development until they reach the workable solution with PKNS....
...Even without PJ Sentral, our RNAV will only be reduced to RM1.88 from RM2.08, which is still an OP call at this juncture....
prm1: fyi - none of mrcb's warrants undervalued - actually all of them are overvalued. CR(strike 1.50 / 2:1), CP (strike 1.70 / 3:1) and CQ (strike 1.55 / 2:1). hope u can do some research before u play warrants. good luck.
suddenly shoot up, anyone got receive any news? Technical indicators showed bullish but not strong bullish for now. Maybe in few days time something might happen.
Is undervalued counter even without PJ Sentral. A confirm breakthrough will probably at $1.65, follow by $1.80 and $2.04 Now until end Aug will be interesting month to watch out keep this in radar.
federal reserve meeting will be held in mid of september, so for the time being no big foreign news will screw this share down to its pants. Happy investing.
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....
shahfar8
225 posts
Posted by shahfar8 > 2013-08-01 10:14 | Report Abuse
swee88: if not mistaken, financial report will be released within 2 week. what is ur expectation?