Posted by BN_menang > 2015-11-09 17:53 | Report Abuse

I know Calvin has disposed. However there are still investors hoping for arbitrage(privatize at RM 4.1 vs current price) gain.

Posted by BN_menang > 2015-11-09 17:57 | Report Abuse

mh87 I play safe type. I am involved with Johor Corp privatization before ie QSR and KFC so I am interested in Kulim as well.

Posted by davidkkw79 > 2015-11-09 17:58 | Report Abuse

Empty can always make noise....

Posted by calvintaneng > 2015-11-09 20:38 | Report Abuse

BN_Menang,

Calvin will wait for 4.10 - only a little left. Always shift from fully valued shares to other undervalue shares. Always rotate like Peter Lynch. That is the only way to beat Warren Buffet. Peter Lynch's Magellan Fund at 39% beats Berkshire at 25%

Posted by BN_menang > 2015-11-11 09:16 | Report Abuse

Market still uncertain so buy Kulim or WC is safe choice.

Posted by LuckyG > 2015-11-11 09:27 | Report Abuse

yah i agree especially wc giving more then 25 cents profit

Posted by BN_menang > 2015-11-11 15:11 | Report Abuse

Why people eat all WC RM 1.08? Give some to me ma.

Posted by mh87 > 2015-11-11 16:59 | Report Abuse

wc is now moving..

Posted by Wong Kah Wei > 2015-11-12 11:58 | Report Abuse

RM4 mari mai...

Posted by 5percent > 2015-11-12 18:44 | Report Abuse

waiting 4.05

Posted by balvin71 > 2015-11-13 08:10 | Report Abuse

Being taken private at RM4.10, based on reports/analysis, expected to go thru. Why isn't this stock trading near RM4.10? Normally after announcement stock would be trading near the privatization price. My only guess is the owners want it to trade below this price so the offer 'looks' attractive and will be accepted. Any other thoughts?

Posted by Beza > 2015-11-13 10:58 | Report Abuse

As JCorp is keen to take it over, it has been and will continue to buy for prices < RM4.10.

Posted by Beza > 2015-11-13 10:59 | Report Abuse

Sellers just don't sell for prices < RM4.10

Posted by Beza > 2015-11-13 11:00 | Report Abuse

Then it will go to RM4.10 or more.

Posted by chasz > 2015-11-13 15:11 | Report Abuse

if TO is failed what will happen ?

Posted by balvin71 > 2015-11-13 16:27 | Report Abuse

If fail, my guess price will drop back to pre announcement price

Posted by bugle > 2015-11-14 23:29 | Report Abuse

What JCorp gets out of privatising Kulim

http://www.thestar.com.my/Business/Business-News/2015/11/14/What-JCorp-gets-out-of-privatising-Kulim/?style=biz

Among others, lots of cash and a vast landbank

The matter would certainly be raised by shareholders in an upcoming extraordinary general meeting (EGM) by Kulim to vote on the deal.

Kulim’s board of directors have until Nov 20 to approve JCorp’s proposal at its present terms.

Posted by calvintaneng > 2015-11-14 23:39 | Report Abuse

Next proposal by Kulim on the agenda:

Launch of 2 Major Housing Projects in Pengerang Region

One near Desaru as vehicle traffic approaches Pengerang by Kulai - Desaru highway. Another one in Tg Berlungkor where Singapore ferry transport people and cars through Changi. These are gold mines which will bring in multiplied billions for Kulim.

Now that you know the answer what should we do as shareholders?

Posted by wolf1 > 2015-11-16 13:45 | Report Abuse

just denied the offer....get RM5.10 instead

Posted by Mohd Fahmi Bin Jaes > 2015-11-16 13:49 | Report Abuse

reject offer, go back 3.30 price

Posted by sarahdeaton > 2015-11-16 14:00 | Report Abuse

rejected offer, went back to sleep.

Posted by big_fish > 2015-11-16 19:00 | Report Abuse

Pls ask for RM6,Hahaha.

Posted by Beza > 2015-11-17 10:39 | Report Abuse

Accept the offer with condition, ask for a little more price RM 4.50. J. Corp will be generous to offer.

Posted by Sapiee Jamel > 2015-11-19 18:20 | Report Abuse

Yes, Sir.

Posted by Sapiee Jamel > 2015-11-19 18:21 | Report Abuse

Did you missed Kulim at Rm2.50?

Those who bought at Rm2.50 will make 60% profit the Lion's share.

Those who came lately will buy at Rm3.87 and get only 5% (Better than 3.25% FD).

Why act like scavengers? Like ravens or hyena looking for scraps?

Tell you what? Next time go hunt like a Lion to get the Lion's share.

KPSCB

Kaboom
Upward
Limitless
In
Malaysia

Posted by investor8888 > 2015-11-20 12:39 | Report Abuse

居林私有化董事部放行
2015-11-20 12:30


（吉隆坡20日訊）居林（KULIM,2003,主板種植組）大股東柔佛機構在本月5日所提出的每股4令吉10仙選擇性資本回退和私有化提案，已獲居林董事部放行。
居林在文告中說，董事部是在週二（17日）舉行的會議上，決定把私有化提案提呈給公司股東過目和考慮，這意味該提案已獲董事部接受，如今只待股東的回應。

Posted by chasz > 2015-11-20 15:08 | Report Abuse

y silent?today last day to accept or not..where BN?

Posted by lionking9 > 2015-11-22 14:06 | Report Abuse

The treasury shares around 123 million actually belong to whom?
What is the cash balance in kulim?

Posted by lionking9 > 2015-11-22 14:07 | Report Abuse

Cash balance / 40% of share holders =?

Posted by lionking9 > 2015-11-22 14:08 | Report Abuse

Cash balance =cash reserves

Posted by lionking9 > 2015-11-22 14:11 | Report Abuse

The treasury shares account for ~ 10% of shares out of circulation therefore johore Corp buying out 30% share holders...is that right?

Posted by lionking9 > 2015-11-22 14:31 | Report Abuse

Therefore johore Corp paying 4.1rm for 30% shares which represents 366,300,000 for rm1.502b

Posted by lionking9 > 2015-11-22 14:52 | Report Abuse

Sale of NPOB would net rm2.7b plus some other disposals which also netted profits and the 30% are paid rm 4.10? Is that fair?

Posted by lionking9 > 2015-11-22 14:58 | Report Abuse

This is not taking into account future profits(which is for sure ) plus the oil and bass venture which is not factored plus impending Microsoft entry into Sedenak!!!

Posted by lionking9 > 2015-11-22 15:01 | Report Abuse

With a present PE of 3.43 and an offer price of 4.1rm just doesn't cut it...don't you think?

Posted by lionking9 > 2015-11-22 15:31 | Report Abuse

If under present PE 3.43=4.1rm then our factored PE 22=? Why did the board agree?The minority share holders would lose Big Time!!!!

Posted by lionking9 > 2015-11-22 20:35 | Report Abuse

Also check their land bank...majority not revalued since 1997..!!!!!

Posted by calvintaneng > 2015-11-22 21:09 | Report Abuse

Check Land Bank of Kulim?

If really revalued Kulim should be worth more than Rm10.00 easily.

OK? Don't cry over missed opportunity. JCorp sure to take Kulim private just as they did with Johor Land, QSR & KFC shares.

Now go and see Calvin Tan Research other discoveries

1) PPG (This One Has Assets as old as 1997 & never be revalued) Another Share With Gold Mines Hidden in Its Possessions. If all revalued PPG Price worth at least Rm1.50

2) KPSCB Has an acre land with 2 storey office & factory valued at only Rm2.5 millions in Bandar Sri Alam. Current value is Rm7 millions

3) MAHSING Bought 1,000 acres land in Bandar Meridin East, Actual value is Rm30 to Rm35 psf

4) WHITEHORSE Sitting on Goldmines. Its Sprawling Factories Face Air Biru Gangsa Main Road

5) MULTICO Factories are Located in the Very Heart of Iskandar Pandan Region. NTA if revalued = more than Rm3.00

6) GMutual has Lots of VERY PRIME MAINROAD FRONTAGE COMMERCIAL LANDS BOUGHT FOR ONLY A SONG!

7) MUI BHD (This one? Speechless. Too much value to count!)

8) YILAI - Got 30 Cents Net Cash & Prime Factories in booming Kulai

9) KAMDAR. This one? MORE MONEY COLLECTED BY RENTAL THAN MANY REITS
KAMDAR IS A GOLD MINE OF MANY SHOP HOUSES AT OLD BOOK VALUE

10) MPHBCAPITAL. This one? Must go see first. Calvin only post things which he has seen with his own eyes. So wait for my updates, Ok?

Posted by calvintaneng > 2015-11-22 21:16 | Report Abuse

Note:

3) MAHSING Bought Bandar Bistari Perdana 1,000 acres land for only Rm7.00 psf from the previous bankrupt developer.It already has 2 storey houses with good roads and infrastructure & 3 fishing ponds (Now the ponds are all fenced up)

Just side by side next door is Ecoworld's Jln Belimbing Kota Masai lands. Ecocoworld is selling lands at Rm45 psf. So how much should be MAHSING's Lands worth psf?

Posted by Sapiee Jamel > 2015-11-23 11:47 | Report Abuse

Absolutely correct

Posted by 88Speed88 > 2015-11-24 14:14 | Report Abuse

no news?

Posted by Cipta > 2015-11-24 14:20 | Report Abuse

Canvintaneng, are you capable to calculate the value of total land bank of Kulim in hand based on your knowledge in Johor property market?

Posted by big_fish > 2015-11-24 16:12 | Report Abuse

He can talk and calculate ,the problem he can't do anything mah.

Posted by Ki Wei Chua > 2015-11-25 10:10 | Report Abuse

when the price will shoot up 4.10 ? heard that going to take 1 year long , is that true?

Posted by pushparaj > 2015-11-26 17:28 | Report Abuse

very good results reported.hope special dividend is out soon. capital repayment is in 3rd quarter of 2016

Posted by kaiten > 2015-11-26 22:06 | Report Abuse

@Ki Wei Chua
"Kulim’s capital repayment exercise of RM4.10/share is expected to be completed in 3QFY16"

http://klse.i3investor.com/blogs/amresearch/86948.jsp

Posted by calvintaneng > 2015-11-26 22:16 | Report Abuse

Cipta,

Calculate Kulim Land bank?

What for?

Look for special dividend and then Capital repayment lah.

Special dividend is extra ice cream? Hopefully got one. Hmmm nice.

Kulim is already a trophy in my bag.

Posted by Cipta > 2015-11-27 00:55 | Report Abuse

haha Calvin, seem like you pick share by luck.. Jcorp had announced any dividend distributed during this period will deduct from the RM4.10. where is the cream?

Posted by Cipta > 2015-11-27 01:15 | Report Abuse

Kulim's cash RM 1,797,225,000 - RM 1,447,653,000 (total liabilities) = RM 349,572,000 = RM 0.269 nett cash/share. (cash from sales of NBPO will gives handsome interest every month)

Fix asset = RM 3.084/share (which land valued in 1997 and not yet include gain from sale of Nexsol)

Trade and other receivable = RM 0.47/share

Nett cash+ Fix asset + trade receivable = RM 3.823.

RM 4.10 is a good price to sell your asset, hmmm.....
.

Posted by Beza > 2015-11-27 11:42 | Report Abuse

Its value is far more than RM3.823. And its future growth is also far more than what it is worth (after reevaluating its present assets worth especially lands) today.