Curious... Very high buying volume at price RM0.58, total 1.03mil share & at price RM0.575, total 843k share... Hmmm.. Any reason and what will happen?? further up or down?? Sifu..kindly advise if you sense something..
Dear Caxton, if since they know OSK offer will fail and PJD price will shoot up.. what not they just buy at selling price instead of queuing for N century..?? Lol.. i not understand their strategy...
OFFER PRICE BY TAN SRI OLH IS 60SEN,,,,,,,,, IF REJECTED BY SHAREHOLDERS................... WARRANT N SHARE(pjd) WILL FLY HIGHER GOOD TO THIS WARRANT AND PJD
If OSK success, the offer price for PJD-wc is only 60sen. Do you think they buy at 59sen, and wait 3months to gain just 1sen? It is not logic.
Only 1 condition, PJD-wc MUST sell to OSK, otherwise become waste paper. The condition is: OSK have 90% control of PJD, then PJD will de-listed from Bursa. Even 50%+1 control, the wc still worth to hold. Because the present price is damn low.
They still have time, and want to buy as low as possible.
But, anyhow, nobody knows when the price is going up or going down,within these period . They just buy a few now, then pick up a few later, and keep on accumulating.
Yes, please don't sell your PJD-WC at this ridiculous offer.
Please be reminded that in November 2014 MSWG had commented that the offer from OSK is UNFAIR. MSWG arrived at a value of RM1.57 for PJD-WC based on Black-Scholes Model.
Please also note that OLH and PAC are holding on their PJD-WC - they didn't sell to OSK. This really means something - they think WC is worth much more than selling at RM0.60 to OSK.
PJ Development: OSK Holdings’ offer becomes mandatory. OSK Holdings’s voluntary takeover offer for PJ Development (PJD) shares has become mandatory as of Tuesday, as its shareholding in the property and construction firm has exceeded 33%. OSK Holdings said that the terms and conditions of its offer remained as set out in the earlier takeover notice (at RM1.56 per share and 60 sen per warrant). (StarBiz)...sorry for thr previuos typo.
According to latest announcement, OSK has control of about 72% of PJD.
Since the public shareholding spread of PJD share (at about 28%) is well above the 10% norm for delisting, PJD will remain listed.
PJD is expected to be more active going forward, including the joint development of Mont Kiara residential project with Agile with GDV of RM1.2bil just reported in the Star.
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....
davidkkw79
5,068 posts
Posted by davidkkw79 > 2015-06-29 13:29 | Report Abuse
damn....why it wouldn't down lei ?!