Posted by sephiroth > 2014-01-16 09:47 | Report Abuse

mother coming and so will the son

Posted by carson > 2014-01-16 10:29 | Report Abuse

both mom and son maintain slight appreciation even with little transac done, show strength and thus the prospect it holds, its shouldnt be a mistake going in, even now at 50cts

Posted by sephiroth > 2014-01-16 10:42 | Report Abuse

engine started

Posted by JXRepcoBuffet > 2014-01-16 10:45 | Report Abuse

I take profit first.... will buy again when correction

Posted by Ethan Lee Soo Kin > 2014-01-16 12:38 | Report Abuse

Yes. Ready collect gain at 48 cents

Posted by sephiroth > 2014-01-16 15:29 | Report Abuse

ethan 0.48 huh? might need to wait 48 days, now charging to 51

Posted by carson > 2014-01-16 17:19 | Report Abuse

index drop and yet price maintain, can you imagine the strong fundamental this stock is riding on, currently, see how strong it rebound after this slight market correction,

Posted by carson > 2014-01-16 17:26 | Report Abuse

i believe and agreed that someday, not too long, a 40 % premium will happen owing to the long expiring due date / ending of 2020.

Posted by sephiroth > 2014-01-20 09:11 | Report Abuse

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

Posted by tonylim > 2014-01-20 09:15 | Report Abuse

congrats septhi

Posted by sephiroth > 2014-01-20 09:17 | Report Abuse

thanks tony, this is to be expected but mother share will face selling pressure once pass 1.47

Posted by titus > 2014-01-20 09:22 | Report Abuse

sold all my wc. Get some pocket money for CNY

Posted by ILHAMCHAN > 2014-01-20 12:29 | Report Abuse

Need to prepare ang pow money for CNY. . .

Posted by sephiroth > 2014-01-20 15:14 | Report Abuse

after so long, son still trading at a puny premium of 4.8%, this is the bargain of the century easy money kinda deal

Posted by sephiroth > 2014-01-20 17:00 | Report Abuse

good closing 0.53, lost count of how many days close green, 10 days maybe?

Posted by Firebird2 > 2014-01-20 17:09 | Report Abuse

Wld reach 60-70 if the nx 10 days repeats like this.

Posted by HonWai > 2014-01-20 17:13 | Report Abuse

Sephiroth.. how we look at the premium ? now is 4.79% for son.. how to come out with this calculation? Many Thanks

Posted by socaisocai > 2014-01-20 18:47 | Report Abuse

aiya..sell 70% at 0.35...suddenly shot up like tht..lucky still have some..

Posted by Siva68 > 2014-01-20 18:51 | Report Abuse

Looks like this stock will inch up a few cents each day before making a big spike upwards.

Posted by G4M3RZ > 2014-01-20 19:16 | Report Abuse

based on current price, (0.53+1.00-1.46)/1.46*100=4.8%
what i wanna know is what is the normal premium range? is 10-20% normal?

Posted by Firebird2 > 2014-01-20 19:37 | Report Abuse

G4, I think it hard to find a warrant that is 10-20%, some say its around 40% ?

Posted by Icon8888 > 2014-01-20 19:52 | Report Abuse

guys, i dont mean to pour cold water. Not every warrant trade at 10% to 20% premium.

Warrants trade at 20% premium when it was OUT OF MONEY. In PJDEV-WC's case, it is already in the money. Usually this kind of warrants trades at 0% to 5% premium. Some even trade at slight discount

Posted by Icon8888 > 2014-01-20 20:06 | Report Abuse

PJDEV sold a piece of land for RM186m, making a gain of RM53m. It subsequently entered into a JV agreement with the buyer to develop the land (PJDEV holds 30% of JV company). The buyer is Agile Property, a China based property developer

PJDEV is raising a lot of cash recently.....

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/CB8CA80F477AB2B948257C66003DAFD1/$File/K3%20Hartamas%20disposal.pdf

Posted by G4M3RZ > 2014-01-20 20:10 | Report Abuse

but that's assuming PJDEV is still trading at 1.46 in 2020. If it's valued ard 2.17 at 2020 using current NTA, its warrant at 0.53 is still consider cheap right? since still have ard 7years to go and a safe assumption of 5% premium accumulated for every year apart 2020, current warrant should trade ard 30% premium = rm1.8 if mother is at least 2.17? so if premium is ard 30% is still considered normal based on given time frame? still learning this warrant thing...

Posted by sephiroth > 2014-01-20 21:26 | Report Abuse

warrants holders gonna have a field day, on top of earlier 0.22 boost to nav, now another 0.12 boost to nav

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.

Posted by kk123 > 2014-01-20 21:26 | Report Abuse

Be careful also if the offer price If there is a sudden mgmt buyout is below the ex price of the warrant
Then the warrant will expired worthless ..
In the past it has happened so BEWARE !

Posted by kk123 > 2014-01-20 21:29 | Report Abuse

If tomoro Ong Leong huat offer 150 for mother and 5 sen for warrant then warrant holder can jump down already !

Posted by sephiroth > 2014-01-20 21:30 | Report Abuse

u serious kk123? MGO below ex-price 1.00???? vs mkt price 1.46
No sane ppl will sell to them and mgmt are not dumb enuf to make such offer coz it will make them look like clown

Posted by kk123 > 2014-01-20 21:33 | Report Abuse

The warrant is a destructive value instrument
If sudden buyout and the time value is destroyed
The warrant could just worth 5 cent or less

Posted by kk123 > 2014-01-20 21:35 | Report Abuse

Ong Leong huat can make offer 1.50 for mother and 5 sen for warrant
It's entirely possible
Then all the warrant holder may jump down

Posted by Icon8888 > 2014-01-20 21:42 | Report Abuse

Kk123 what you talking ? The take over code said that the offeror needs to offer a fair price to warrants holders. If Ong offer mother share at 1.50, the fair price for warrants will at least be RM0.50, being the difference between 1.50 and exercise price of 1.00

Posted by ulutrader > 2014-01-20 21:47 | Report Abuse

Ong is in no position to do MGO (how much is he+parties holding ?).keep cool ,man..apprecite caution though

Posted by kk123 > 2014-01-20 21:47 | Report Abuse

A warrant value is partly in the "time" value to expiry
This time value can easily be destroyed
And warrant has no voting rights,and not shareholder .. unless converted
So If I m offerer I just offer 5 sen for warrant
No obligation for the offerer To buy warrant if they can control the mother share

Posted by Icon8888 > 2014-01-20 21:58 | Report Abuse

Ok kk123 whatever.... (sigh)

Posted by kk123 > 2014-01-20 21:58 | Report Abuse

The offerer can be "fair" and give this option :
1) either take the 5 sen per warrant OR
2) convert to mother share and get rm 1.50

Posted by Icon8888 > 2014-01-20 22:06 | Report Abuse

Tomorrow hopefully mother share can breach 1.50. Maybe warrants can go 55 sen

Posted by kk123 > 2014-01-20 22:13 | Report Abuse

Beware of the risk involve in the trading of warrant
Overnight a warrant can turn worthless also
In ideal world it shoot up to $10 rm
In not ideal world it can go down to zero
Beware of risk !!!

Posted by Icon8888 > 2014-01-20 22:28 | Report Abuse

????

Posted by ulutrader > 2014-01-20 23:02 | Report Abuse

kk123...point taken and that's why most ppl do a "hit and run" a far as warrant trading is concerned!!

Posted by carson > 2014-01-20 23:19 | Report Abuse

its very unfair if the offer for wa is only 5cts, i have not come across such unrealistic offer b4, very unlikey senario, can someone bring out examples on such low offer for warrants.

Posted by JXRepcoBuffet > 2014-01-21 09:14 | Report Abuse

kk123 just giving an example.... nobody know what's in OLH's mind. There's always a risk trading in warrant, it's depends on your risk appetite.

Posted by Trisven > 2014-01-21 14:25 | Report Abuse

so means that they can offer any price they like for warrant if merging with osk? if mother share is 2.10 ...they can offer u 10 cents for example?

Posted by sephiroth > 2014-01-23 10:32 | Report Abuse

Add more at 0.51

Posted by bone > 2014-01-23 10:36 | Report Abuse

sephiroth you averaging up?

Posted by sephiroth > 2014-01-23 10:43 | Report Abuse

yes bone, the market seems to be ignoring the building sale (cash 220m, profit 101m, +0.22 NAV) and the land sale (cash 186m, profit 52.7m, +0.11 nav). I will take advantage of this mkt sentiment to add more (previously bought 0.30/0.31/0.32/0.475)

Total cash received will be RM406m
net profit from sale of land and building RM153.7m
Boost to NAV 0.33 per share

Posted by sephiroth > 2014-01-24 09:32 | Report Abuse

next tp to buy 0.48/0.45

Posted by ppginvest > 2014-01-24 14:53 | Report Abuse

sephiroth, you feel this pjdev-wc may continue to fall due to current market sentiment?
I just start collecting at 0.495, if drops to 48/45, will collect again.

Posted by sephiroth > 2014-01-24 14:57 | Report Abuse

ppginvest, not only pjd-wc, 90% of all counter will fall next week due fed tapering usd10b to be announced next week and fund pull out due to cny holidays, i will just watch the drama and slowly pick up at 0.48/0.45/0.42 . the sale of land and building boost pjd's cash by RM400m

Posted by Ooi Teik Bee > 2014-01-24 15:04 | Report Abuse

In the past, when there is a GO, warrant holders are offered to the same terms as mother share. I do not remember or cannot remember there was such a case that the warrant is worthless.

Please note that you can convert the warrant to the mother share anytime should there be any GO. The offer is valid at least 3 months for the whole process to be completed. You have ample time to convert to mother share. In PJD-WC case, you only lose a premium of 6%.

I do not know of any warrant is worthless in any GO. Please enlighten me.
Thank you.

Posted by Zenwan > 2014-01-24 15:08 | Report Abuse

OTB is there a GO rumor here?