Posted by coolwater > 2014-03-04 23:23 | Report Abuse

It is time for PJD to release further news about the sales of menara PJD and the sales and JV agreement with Agile Real Estate as they involved T&C to be complied. Beside these, the EPS for the half yearly already grant a TP of rm2.00 if we take PE to be +-10. If she can declare 10% of dividend like OSK Prop, it will help to boost the share price.

Posted by sephiroth > 2014-03-05 09:07 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by Icon8888 > 2014-03-05 10:34 | Report Abuse

softening.... sell now ?

Posted by Icon8888 > 2014-03-05 10:57 | Report Abuse

OTB sifu... can tumpang you something or not ? I have some westport. Recently got active buying. Wondering whether you can read something technical from your chart ?

I am not planning action for westport (it is a long term investment). I am just trying to see whether technical anlysis can indeed predict the future of this stock (I am open minded).

if you dont mind. Thank you

Posted by Icon8888 > 2014-03-05 11:03 | Report Abuse

more for satisfying my curiosity....not about making fast buck from westport

Posted by baiyuensheng > 2014-03-05 11:11 | Report Abuse

WHy do you guys think property sector is good at the moment. Especially, PJDev - Considering the cooling measures and the economy....

Posted by Icon8888 > 2014-03-05 11:19 | Report Abuse

I have feared about property downturn way back since 2010 and 2011. So didnt dare to take position in good stocks like huayang, mkh, etc... Now see where they are ?

the answer to your question is "yes, we do worry. But are we correct to worry about it this time ?"

in the absence of further evidence, we just continue to punt loh....

hope I have answered your question

(btw, that is poetic name you have : )

Posted by Icon8888 > 2014-03-05 11:25 | Report Abuse

you only have 7 posts. Low profile huh ?

Posted by baiyuensheng > 2014-03-05 11:26 | Report Abuse

ha thx icon

Posted by sephiroth > 2014-03-05 11:28 | Report Abuse

icon, the building and land sale is almost comfirmed, with inflow of RM400m + cash, do u think the mother will stay below 1.50 for long,once mothe break 1.50, son will be around 70-75

Posted by Icon8888 > 2014-03-05 11:30 | Report Abuse

i ahve never seen a bull market that lasted for so long (2009 until now). So nowadays I dont dare to be pessimistic.

it seemed that being pessimistic most likely will land you at the wrong side of market. ka ka ka

Posted by Icon8888 > 2014-03-05 11:35 | Report Abuse

Commander in Chief !!! based on my experience with corporate exercises (observing), the deals are AS GOOD AS DONE !!!!

(0.0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001% failure rate in Malaysia)

I hold mother share and WC (reentered yesterday). Hoping to enjoy dividend (RM400m woh..... pay RM100m also already 20 sen). Target price RM2.00 very very achievable

Posted by sephiroth > 2014-03-05 11:40 | Report Abuse

Building sale dated 31 December 2013 (http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/all/64F040724A46DF1D48257C64005D7D74/$File/SPA-Menara%20PJD-ver%20THH-3.pdf)

Under the SPA, the Purchaser is required to pay a deposit of RM22.0 million in the following manner:-

(i) RM4.4 million to be paid upon signing of the SPA; and

(ii) balance deposit of RM17.6 million to be paid on the date of the SPA being unconditional in accordance to the SPA.

(c) The balance of the purchase price RM198.0 million shall be paid by the Purchaser to the Vendor’s Solicitors within FOUR MONTHS from the date of the SPA being unconditional in accordance to the SPA.

Based on the audited consolidated statement of financial position of the PJDH group as at 30th June 2013, net assets per share of the group will increase by approximately RM0.22 per share as a result of the net gain arising from the Proposed Disposal of approximately RM101.0 million.

In addition, the gearing of PJDH Group will also reduce as the
proceeds to be received from the Proposed Disposal will be partially
utilised towards the repayment of bank borrowings.


Land sale dated 20 January 2014 (http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/all/DC34573153EC623748257C79005D7475/$File/K3%20Hartamas%20disposal.pdf)

Estimated time frame for completion
(a) The Proposed Disposal is expected to be completed within 4 MONTHS from date of the SPA or such period as may be mutually extended by the said parties.

(b) Barring unforeseen circumstances, the Proposed Disposal is expected to be completed by the second half of the calendar year 2014.

Based on the audited consolidated statement of financial position of the PJDH
Group as at 30 June 2013, net assets per share of the Group will increase by
approximately RM0.12 per share as a result of the post tax net gain arising
from the Proposed Disposal of RM52.7 million.

In addition, the gearing of the PJDH Group will also reduce as the proceeds
received from the Proposed Disposal will be partially utilised towards the
repayment of bank borrowings.

Posted by baiyuensheng > 2014-03-05 12:00 | Report Abuse

I read somewhere that the delta for PJdev WC is 1.00, i.e. every move of $1 in PJDev share, its warrant will move by $1. Therefore even if mother share hits 2.00, the warrant should not be more than 0.82..... unless of course i misunderstood the concept

Posted by sephiroth > 2014-03-05 12:03 | Report Abuse

if mother move to 2.00, son will be in 1.10-1.15 range(minimum)
0.82 not possible coz warrant won't trade at discount unless near expiry date. pjd-wc expired in Dec 2020

Posted by Icon8888 > 2014-03-05 12:08 | Report Abuse

82 not possible

Posted by Icon8888 > 2014-03-05 12:09 | Report Abuse

Will explain later. My shark fin soup just arrived

Posted by kiter > 2014-03-05 14:48 | Report Abuse

because conversation to mother share is 1.00 , if 0.82 , everyone buy-convert-sell off ......

Posted by Ooi Teik Bee > 2014-03-05 15:02 | Report Abuse

Posted by Icon8888 > Mar 5, 2014 10:57 AM | Report Abuse

OTB sifu... can tumpang you something or not ? I have some westport. Recently got active buying. Wondering whether you can read something technical from your chart ?

Ans : The technical chart is side way. Not good to technical chartist. I will consider this stock if the price can break 2.56 (break high).

Thank you.

Posted by Icon8888 > 2014-03-05 15:09 | Report Abuse

ok. 256. tahnk you : )

Posted by Gji Gan > 2014-03-05 16:26 | Report Abuse

0.655 can pick up?

Posted by baiyuensheng > 2014-03-05 16:57 | Report Abuse

OTB: what wave are we on now? Wave 4?

Posted by baiyuensheng > 2014-03-05 16:58 | Report Abuse

sephiroth: right

Posted by Ooi Teik Bee > 2014-03-05 19:13 | Report Abuse

Posted by baiyuensheng > Mar 5, 2014 04:57 PM | Report Abuse

OTB: what wave are we on now? Wave 4?

Ans : Yes. I think it is the end of 4th Wave down or may be the start of 5th Wave up. 4th Wave down - correction a, b and c had ended on 3/3/2014. 5th Wave up had started on 4/3/2014.
Thank you.
Ooi

Posted by Icon8888 > 2014-03-05 19:19 | Report Abuse

5th wave is always the biggest

Posted by heavyth > 2014-03-05 19:28 | Report Abuse

chart almost similar to Silkhld...!!!

Posted by Ooi Teik Bee > 2014-03-05 19:47 | Report Abuse

Posted by Icon8888 > Mar 5, 2014 07:19 PM | Report Abuse

5th wave is always the biggest

Ans : 3rd Wave up is the strongest and impulsive.
Thank you.

Posted by Saturn888 > 2014-03-05 19:49 | Report Abuse

Got Tsunami or not ....if got I wait ........

Posted by Icon8888 > 2014-03-05 19:49 | Report Abuse

: P

actually I simply hentam one, ke ke. Learning to speak TA lingo. I think it is cool...

ha ha

Posted by sephiroth > 2014-03-05 19:52 | Report Abuse

Wave 5 will shoot pass previous 52 week high 0.83

Posted by Saturn888 > 2014-03-05 19:53 | Report Abuse

Tiuuuuu.......tsunami lah.......
U know before tsunami the wave retreat to very very low....

Posted by Saturn888 > 2014-03-05 19:55 | Report Abuse

That chapter on Tsunami, I will help OTB add into his lesson......how to detect tsunami......

Posted by Saturn888 > 2014-03-05 19:56 | Report Abuse

Like my penang fren TJ say.......pan sim pansim......

Posted by Saturnxx > 2014-03-05 19:58 | Report Abuse

You mean your imaginary Penang friend. You don't have any friend except kcloh who already disappear from i3.

Posted by Saturn888 > 2014-03-05 20:15 | Report Abuse

Aiya......if I have no fren why u use my name arrr??
For u I say pang Sai.......kakakakaka

Posted by Saturnxx > 2014-03-05 20:18 | Report Abuse

You so jealous of OTB, keep bashing him. Don't tell us we don't know you using Rambotan id to bash OTB. Who are you? You only good at talking up a dropping stock for years.

Posted by Saturn888 > 2014-03-05 20:23 | Report Abuse

Hahaha if u insist I am Rambotan ......OTB is a fren.....why bash him?? U r using my Nic to bash him??
I sure don't need any other Nic to bash anyone.....

Posted by Saturnxx > 2014-03-05 20:24 | Report Abuse

And you English so bad bring shame to all English user here. Please improve before making shame of yourself.

Posted by Saturnxx > 2014-03-05 20:25 | Report Abuse

OTB has done good for this forum. What have you done Saturn? You are not welcome at all just like orang kurang siuman here.

Posted by Icon8888 > 2014-03-05 20:27 | Report Abuse

errr... may i suggest you guys bring the quarrels back to tropicana thread ?

wakakakakakakaka

Posted by Saturn888 > 2014-03-05 20:27 | Report Abuse

Wah my English teacher is back.......England so powerful.........I like this one
"Please improve before making shame of yourself" ....what is making shame??? Is it a kind of cake???? Lol

Saturnxx
6 posts
Posted by Saturnxx > Mar 5, 2014 08:24 PM | Report Abuse

And you English so bad bring shame to all English user here. Please improve before making shame of yourself.

Posted by Saturnxx > 2014-03-05 20:29 | Report Abuse

Icon, everytime OTB comments this unwelcome stray always bash in. He is no good at all yet has the gut to say he is good person.

Posted by Saturn888 > 2014-03-05 20:33 | Report Abuse

Hahahaha.....I feel you r stressed .......u need a rest if u had followed my shares.......kakakaka

Posted by Saturnxx > 2014-03-05 20:36 |

Post removed.Why?

Posted by Saturn888 > 2014-03-05 20:37 | Report Abuse

Are I jealous I responded to OTB and. Not u......kakakaka

Posted by Icon8888 > 2014-03-05 20:39 | Report Abuse

saturnxxx, i dont think so lah. OTB loveeeeeeeeeeee him. It was in one of the earlier posting

I dont know what is the history. Must be when OTB got attacked, he ride in on white horse to help him to repel the enemies

something like that

Posted by Saturn888 > 2014-03-05 20:40 | Report Abuse

Aik....gone home ady??

Posted by Saturn888 > 2014-03-05 20:40 | Report Abuse

Hahahahaha!!.....

Posted by Saturn888 > 2014-03-05 20:42 | Report Abuse

The response fr SaturnSalah Salah shows a very imbalance personality........in trading must be strong and have stamina ok......

Posted by Saturnxx > 2014-03-05 20:45 |

Post removed.Why?