...... As stated in Section 4 of the Offer Document dated 10 August 2015, the Offeror intends to maintain the listing status of PJD and as such, will explore various options or proposals to rectify the shortfall in the public shareholding spread of PJD
you can buy to fight...they might plan out something to sell out back some share at higher price to main 25% public share...so is a chance if you dare to fight..
THe current price of PJD and son is to threaten existing shareholders to SELL. So that OLH can buy at an even CHEAPER price or at a discount to him! yeaa.. u can say he is a CHEAPO! And if you are still holding PJD mother and son.. please HOLD eventhough market is sentimentally weak!!
yea, i am queuing at lower price also, managed to buy some this morning...only panic seller sold..hahaha...no worries, OSK will offer new price to privatise or come out new plan to retain pjdev listing status..
Sold all my PJD-W end of last month @ 59.5s. Managed to buy back some last week @53s. I want to buy more but looks like the counter is not active now after the offer has expired.
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.
Using the line chart, the price had crossed the Pivot line of a Cup And Handle Chart. I repeat "had crossed the Pivot line of a Cup And Handle chart" ... There should not be any correction, the only way is to continue break new high and heading North. I am very bullish on the technical chart of PJDev-WC. My SharesXPert probability to win is 4 win 0 loss. It means in last 3 months, you buy this stock, you should win 4 times. No chance to lose money on this stock. Probability to win is 100%. Thank you.
Since the offer dateline has been extended for 2 weeks, I suggest that you hold before making any decision. Probably, the offer price may be increased.
I am not selling. For those who intend to sell, you can do that later since the dateline is 25/10/16. OSK may revise if they can not get 90% threshold. Hope that you can get a more reasonable price.
94.31% of PJDev. They need 98.9% to trigger compulsory acquisition.
84.95% of PJDev-WC. They need 96.8% to trigger compulsory acquisition.
It is so far away from their target and unlikely for them to be successful. The main reason is due to the extremely unreasonable offer prices. It may also due to many shareholders bought their shareholdings at prices higher than RM1.50 during the run up at end of 2013 (as high as RM2.23). They are reluctant to lelong their shares.
The real value of PJDev is RM4.60, OSK n OLH must offer a more reasonable price for the minority shareholders to accept their general offer.
The first offer dateline has passed. Although the offer is extended, those who still keep the shares are those who have decided to reject the offer at RM1.50. They represent about 50% of the outstanding shareholders for both PJDev and PJDev-WC. That is very high percentage and it reflects the unfairness and unreasonableness of the offer prices.
It has also happened a few times in Malaysia where the major shareholder was unable to acquire 100% of the shares and the companies were delisted.
At least on 2 occasions, the delisted companies were in that situation and eventually the major shareholder offered very high price to the remaining shareholders and bought over their shareholdings.
1. Pantai Holdings Berhad 2. Saujana consolidated Berhad
On the Saujana Consolidated Berhad case, it has been commented by one of i3 user in this blog that he was paid three times the original offer price for his shares. The following is the comment from Pillay 15. You can trace back his comment.
pillay15 : Thank to RV1123 and enid888. Gives me hope to just keep the shares. It may turn out to be like Saujana.. Delisted but after a few years they gave 200% extra from the original offer price.
22/09/2016 18:19
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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....
Kelvin Loh
32 posts
Posted by Kelvin Loh > 2015-09-07 21:01 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4860517