KLSE (MYR): PJDEV (1945)

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2,867 comment(s). Last comment by Venthaan83 2022-04-29 10:43

Posted by fairnreasonable > 2015-10-18 13:18 | Report Abuse

Agree with bone that we need patience. In any case, the dividend should continue and better than fixed interest income.

Posted by fairnreasonable > 2015-10-24 18:40 | Report Abuse

Patience is the virtue for continuing investment in this PJDEV stock in order to reap long-term profit.

Just to share that my lack of patience over the last 2 weeks caused me about RM100K in the stock of Success Transformers (7207). My entry to this stock several years ago was below RM1.00. I held on to this stock for long-term investment because I was convinced of the impressive fundamentals of this highly profitable company.
This year, however, I became impatient because this laggard stock was inactive and not moving much at all. My long-held commitment to Success was also swayed recently after reading some negative reports & forum discussions about this stock, especially the increasing inventory. I decided to exit. I sold my shares just two weeks ago when the price moved up slightly to RM1.40 thinking that the upswing was transient. I sold all residual shares at RM1.80 just a few days ago. Success closed at RM2.07 yesterday. I lost the opportunity of earning that RM100K because I lost sense of my own judgment to be negatively influenced by others.

I read PJDEV’s 2015 annual report released recently and am convinced that the company has bright prospect moving ahead. I am not repeating my mistake in Success. I shall wait patiently for further development in PJDEV.

Please attend the AGM on 18 November so that we can have a better assessment of the future direction of PJDEV.


3,235 posts

Posted by paperplane2 > 2015-10-27 08:51 | Report Abuse

Property dead, what else long prospect to have. Common sense mah

Posted by Beerbeer88 > 2015-11-17 19:41 | Report Abuse

Anyone here will be attending the AGM tomorrow?


166 posts

Posted by kllow > 2015-11-17 23:26 | Report Abuse

Send my regard to OLH in AGM tomorrow


208 posts

Posted by wahlaueh > 2015-11-18 14:17 | Report Abuse

Good company but with a cunning boss...


968 posts

Posted by bone > 2015-11-20 02:55 | Report Abuse

dividend again


28 posts

Posted by sfthamsf > 2015-11-20 12:58 | Report Abuse

Hi, Fairnreasonable, ...can give some of your thought after AGM

Posted by fairnreasonable > 2015-11-24 20:26 | Report Abuse

Some pointers:
According to OLH
1. 2016 profit should not be less than 2015's.
2. 3 - 4 projects to be launched in 2016
3. committed to continue paying dividend (e.g. 2.5 sen just declared)
4. listed status to be kept - at least for the 6 months up to march 2016 - 3 options being considered to comply with 25% public spread - but unable to sell OSK's holding of PJDEV below buying cost (RM1.56)

I remain positive on the counter as a long-term investor. Just bought some last week. Will collect more at the right time.

I think it is difficult to increase the public spread to 25% under the current difficult market conditions. I don't rule out an offer from OSK to take PJDEV private. I believe the new offer price, if the offer happens, cannot be less than the last offer.

Posted by Beerbeer88 > 2015-11-25 19:33 | Report Abuse

Fairnreasonable u think any way OLH will issue another 15% of share to make the number of 25% at the same time raise more fund for the 2016 project

To me OLH won't private it. As the time it almost reaching 90% he can just push a little bit he will get more than 90%. He know this game well compare to anyone of us.

Simple man

898 posts

Posted by Simple man > 2015-12-07 23:52 | Report Abuse

how?? why?

Posted by warrantKing > 2016-01-07 15:42 | Report Abuse

I think somebody is pressing its price down.
That is the only reason to explain that this company consists of many valuable land in KL but the price cannot raise....


301 posts

Posted by NavinShah > 2016-01-07 19:08 | Report Abuse

Big boys are controlling the price of this stock.

Posted by warrantKing > 2016-01-07 22:11 | Report Abuse

ya lo , if you want to win over this counter , u think to have at least 5years patients !!


301 posts

Posted by NavinShah > 2016-01-08 10:39 | Report Abuse

I don't have. Now I am an old man. RETIRED.


968 posts

Posted by bone > 2016-01-30 11:57 | Report Abuse

yawn yawn

Posted by Gore Abraham > 2016-02-15 20:23 | Report Abuse

time to fly...................

Posted by Gore Abraham > 2016-02-15 20:25 | Report Abuse

Tan Sri OLH should give a better offer price, for the god sake..


660 posts

Posted by RVI123 > 2016-02-16 00:46 | Report Abuse

PJD is given until 6/3/16 to comply with public shareholding spread requirement. What steps could PJD take to achieve that? Anyone has some ideas?


1,259 posts

Posted by red_85 > 2016-02-16 01:56 | Report Abuse



660 posts

Posted by RVI123 > 2016-02-16 08:51 | Report Abuse

Is it possible that OSKH will inject its development lands into PJD? OSKH becomes a holding company and PJD becomes its property subsidiary? However, if this happens, I can't think of a way how OSKH is going to solve the public shareholding spread requirement?


660 posts

Posted by RVI123 > 2016-02-16 08:56 | Report Abuse

If OSKH is going to privatise PJD, it has to offer at least RM2.00 to get more than 90% of the non interested party shareholdings to agree.

Posted by Gore Abraham > 2016-02-16 13:10 | Report Abuse


Posted by FAIRnREASONABLE > 2016-02-19 10:06 | Report Abuse

Let's be patient and wait for the next q results which should still be good.


968 posts

Posted by bone > 2016-02-19 16:43 | Report Abuse

who is holding this stock still?

Posted by FAIRnREASONABLE > 2016-02-20 09:45 | Report Abuse

I am still holding and bought some recently.
I like the undervalued warrant which expires in 2020.

Posted by Dana Subrata > 2016-02-22 11:56 | Report Abuse

it's still growth?


1,259 posts

Posted by red_85 > 2016-02-22 12:02 | Report Abuse

just hold...no rush,, super undervalue...if you got holding power, you will laugh to the bank soon...OLH surely will let it run soon


968 posts

Posted by bone > 2016-02-25 13:06 | Report Abuse

We refer to our announcements dated 7 September 2015, 8 October 2015 and 16 February 2016.

The Board of Directors of PJD wishes to announce that the Company has, today, received a letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 17 February 2016, granting its approval for a further extension of time of 6 months until 6 September 2016 for the Company to comply with the public shareholding spread requirement.

Based on the Record of Depositors as at 18 January 2016, the public shareholding spread is 10.64%, which is still below the minimum public shareholding spread requirement.

The Company is considering various options to address the shortfall in the public shareholding spread, which may include placement of shares, to increase its public shareholding spread to comply with the public shareholding spread requirement in accordance with the Main Market Listing Requirements (“Listing Requirements”) of Bursa Securities.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement in accordance with the Bursa Securities Listing Requirements.

This announcement is dated 18 February 2016.


968 posts

Posted by bone > 2016-02-25 13:07 | Report Abuse

The Board of Directors of PJD wishes to announce that the Company proposes to seek shareholders' approval for the Proposals at the forthcoming 51st Annual General Meeting to be convened at a date to be notified later.

A Circular setting out the details pertaining to the Proposals will be despatched to shareholders in due course.

This announcement is dated 24 February 2016.


87 posts

Posted by ragesliew > 2016-02-25 20:38 | Report Abuse

Time to buy ?

Posted by FAIRnREASONABLE > 2016-02-25 21:13 | Report Abuse

another 0.25 dividend

Posted by FAIRnREASONABLE > 2016-02-25 21:15 | Report Abuse

PJD will remain a high-dividend stock because OSK needs the dividend badly.


464 posts

Posted by lian998 > 2016-02-25 23:38 | Report Abuse

can someone please give opinion weather to hold or sell the warrant c ?


464 posts

Posted by lian998 > 2016-02-25 23:44 | Report Abuse

bcos everytime dividen payout warrant c will drop by few cents.

Un Tong

38 posts

Posted by Un Tong > 2016-02-26 10:01 | Report Abuse

pay RM1 per share and convert it into mother share


464 posts

Posted by lian998 > 2016-02-26 18:32 | Report Abuse

tq un tong.


660 posts

Posted by RVI123 > 2016-02-29 16:10 | Report Abuse

I thk OSK is going to announce their decision soon. OLH says they intend to do some private placement.

Posted by FAIRnREASONABLE > 2016-02-29 20:52 | Report Abuse

It is positive to read the report on The Edge Property about "OSK Property aims high":


This year, OSK Property will launch its first overseas project. It obtained the development approval for a five-acre parcel in Melbourne, Australia, last year. The company is looking to develop an integrated development with an estimated GDV of A$2.8 billion (roughly RM8.28 billion) on the land, which is located in the Southbank area next to Yarra River.

“Though we will be launching the first phase of the Melbourne project by the end of this year, Malaysia remains our playground,” Ong says.

The developer will launch several serviced apartment projects in the country, including the second phase of Timurbay Seafront Residence in Kuantan, Pahang, and Luminari in Harbour Place, Butterworth, next month. Also planned are a bungalow development in Sungai Petani and Phase 2 of Windmill Upon Hills in Genting Highlands, Pahang. Altogether, the GDV of new launches in Malaysia this year is an estimated RM1.06 billion.

Recently, OSK Property handed over several projects, including Phase 1 of You City in Cheras, You Residences. “The next phase, You Vista, will be handed over in the middle of the year,” Ong says. “We haven’t started on the third phase yet because we are planning a mall there and the market is a bit soft for malls in the Klang Valley. It will be connected directly to an upcoming MRT station there. That is a very valuable asset and we want to make sure that we get it right.”

Most of the projects mentioned belong to PJD (Melbourne project, You City ..).


660 posts

Posted by RVI123 > 2016-03-15 18:26 | Report Abuse

As OSK has less than 6 months to solve the public shareholding spread issue, it is about time for OSK to do something.


149 posts

Posted by Devil86 > 2016-04-05 20:40 | Report Abuse

anyone still holding?

Posted by fairnreasonable > 2016-04-07 18:55 | Report Abuse

I added more recently.


149 posts

Posted by Devil86 > 2016-04-10 21:49 | Report Abuse

@fairnreasonable will teh company force us to sell the PJDEV?


660 posts

Posted by RVI123 > 2016-04-10 23:48 | Report Abuse

Four months plus to go. OSK has to reveal what it wants to do with PJDev quite soon.


214 posts

Posted by susuan > 2016-04-11 13:41 | Report Abuse

I am still holding mother shares/warrants. Any good news in the pipeline?

Posted by FAIRnREASONABLE > 2016-04-11 20:34 | Report Abuse

we must fight for fair and reasonable offer, which should be better than the previous offer.


660 posts

Posted by RVI123 > 2016-04-11 21:02 | Report Abuse

I thk OSKH wants PJDev to remain listed. They have about 90% already, why take it private and go to hassle to relist its property arm few years later. OLH had mentioned in February that they had been trying to do private placement for PJDev but the market was bad to make that happened.

Posted by FAIRnREASONABLE > 2016-05-22 16:58 | Report Abuse

1Q results not impressive due to slow property division, but soon Melbourne project will be key contributor.


660 posts

Posted by RVI123 > 2016-06-07 14:08 | Report Abuse

Just 3 months to go, OSKH has to announce very soon what they plan to do to solve the public shareholding requirement.

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