I am expecting PJDEV and PJDEV_WC to recover from OLH's stupid offer. Announcement should take place soon as it has been more than 3 months. The sly old man has to confirm what is the status of his stupid offer. Serves him right the CIMB-RHB-MBSB deal was aborted
Pjdev Posted impressive 2nd qtr result of 33 mil...Declaring 4 cts interim dividend...So 4 cts interim + coming Final 4 cts===Total 8 cts dividend for 2015...WOW!!! NTA rose to 2.64...At 1.51 it is really undervalued...Cash in hand rose to more than 300 million...very strong balance sheet...No wonder OLH is preying on tis company...
PJDev Q2 result is still very good. I feel very disappointed. I will not feel so bad if PJDev is not a good stock.
I talk with facts and figures. I do not plug the figures from the sky. Unfair offer for OSKProp and PJDev. I am not a person like to bad mouth anyone, I just want to talk about fair deal. Please understand our feeling when a deal is structured in such unfair way. All minority shareholders are suffering. Truth will prevail. Thank you.
Collect director fee from PJDev, press down the stock price of PJDev. Any justice to minority shareholders of PJDev ? We care, we love PJDev, we also care and love minority shareholders of PJDev. Thank you.
Of course, from your point of view not fair. But from ah Huat view very fair mah. I'm the one putting hardworking mah, you put money only. Talking abt money , I also a lot mah.
Well, ah huat characters like tht mah. He has been like this all these yr. So doing background check, due diligence check also important part in stock investment. Stock investment abt who in control. Nothing much small fish can do, we can only stop him from suker deal sometime. Unless he choose to reward you back, if not the only thing is sell the stock loh
anyone of you heard that OLH is going to withdraw from buying pjdev and pjdev-wc (0.6)? If this news is true, the price of pjdev will start flying~~!! pjdev will be heading to RM2.30 and pjdev-wc will be heading to RM1.2-RM1.3~~!! No wonder these two start moving now....
FA is just too good to ignore. I hope there is a third party bids for this good stock. Then the price will be good to reflect the correct intrinsic value. Thank you.
We may see OLH canceling buying PJDEV from trading volume...if sudden surge..something going to happen...insider know first. It was happend previously.. The day before merging announcement the volume suddenly increase and price dropped badly.
PE 3.x times, confirmed VGO at RM1.6 , 4 sen dividend pending, NTA of above RM2.5 , Cash of RM 300Mil, Market Cap of RM 600+ Mil . You tell me whether this is a good stock to buy ?
There is a reason why people and funds are ignoring PJDEV despite it been "good FA" stock by virtue of "good analytics" - low PE, decent dividend yield, etc
If the stock market is fully about "analytics", everybody would go all in on PJDEV and Padini. But why aren't people and funds going all in on PJDEV?
Are those people really blind? Or they analyse your so called "FA" beyond means of just analytics such as PE, EPS, etc.
When the price of PJD was trading at a range of 2.20 to 1.80, offer a big block (about 31.7%) to sell at 1.60 to OSKH, is it pressing down the stock price ? I am just a small investor, I select stock base on TA and FA. I hope you are the expert to teach us or guide us to trade in KLSE professionally. Please enlighten us, I want to learn from you. Thank you.
one word here, sad and apologize to those buy higher than 1.6. But they also cant blame those sell this one back. Kikiki, stock market is very realistic. If nobody lose money, how someone earn money?
who got money can buy in lah. kikiki, guarantee 6c profit? kikiki, if price not like now, who want to sell back? kikikiki, so how can allow this go up? Who so stupid? kikiki....
Now than ever before what OLH has cooked up maybe be having a problem with SC
With OSKP at around 1.90 and PJD at around 1.49 now.. vs the offer price at 2.00 and 1.60... OLH may well be held guilty of injecting directors/shareholders personal assets into OSK at over valuation
SC may just instruct OLH to reduce the offer price to 1.90 and 1.50
HaHaHa...... And the minorities will cry again... louder.. Where got justice!! Where got justice!! Where got justice!! Oh lord Where got justice!!
This is not a merger... it is a related party transaction involving injection of directors/shareholders ie OLH's personal assets into OSK
In a related party transaction involving injection of directors/shareholders personal assets SC would be more mindful of over valuation...
If thete is no over valuation of his personal assets to be injected into OSK... then this would be a done deal
Complain as you like..... but think in today's disclosure based regime... it is not likely SC will interfere on the offer price
Posted by r°Moi > Mar 8, 2015 11:02 AM | Report Abuse X
I think.. the most SC can help the minorities of OSKP and PJD is to impose a condition asking OLH to disclose the most current valuation of OSKPs and PJDs properties... SC is unlikely to interfere beyond this
In a related party transaction involving injection of directors/shareholders personal assets SC would be more mindfull of over valuation... that is not the case here
The NTA of RM3.50 per share are based on the prices when the properties were bought years ago which was much lower than the current prices. The properties had appreciated substantially especially since 2009.
Based on the research by Alliance Bank analyst, Bernard Ching dated 15/5/13, the RNAV was RM6.55 per share in May 2013.
Please go to Bursa Malaysia website, type Hunza and u can find the research report.
The current NTA should be even higher than 6.55/share bcos the land prices and Gurney Paragon has appreciated a lot since the report was written. The current NTA should be more than RM7.50/share.
Furthermore, 10% of the share has already been bought back by Hunza, the NTA should be even higher.
Another tycoon is trying to take Hunza private. Offer price is RM 2.50 for a company that is worth (RNAV) RM7.50 per share. Minorities must say no to this kind of bully, taking advantage of small shareholders.
The controlling major shareholders know the actual value of the company very well. They know that it worth more than RM7.50 a share. That is the reason they want to take it private at RM2.50. It is like buying your terraced house worth RM750,000.00 at the price of RM250,000.00. Do you want to sell your house at RM250,000.00?
Their intention is to relist the company again few years later at RM7.50 a share and they will be 3 times richer. We as small shareholders are in the dark and fortunately thanks to the analysts' research papers n informations that are available from the annual reports and internet, we can find out the actual worth of the company.
I will not accept the offer price of RM2.50. I will be present to cast my vote.
mon & tue, there's 600k+ shares roadblock at 1.52, all clear mah, ong n family punya counter(osk/pjd/pjdwc gonna fly high soon0, today is just appetizer
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....
Ravi Kumar
3,658 posts
Posted by Ravi Kumar > 2015-01-27 16:02 | Report Abuse
I am expecting PJDEV and PJDEV_WC to recover from OLH's stupid offer. Announcement should take place soon as it has been more than 3 months. The sly old man has to confirm what is the status of his stupid offer. Serves him right the CIMB-RHB-MBSB deal was aborted