CYCLE & CARRIAGE BINTANG BHD

KLSE (MYR): CCB (2925)

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Last Price

2.41

Today's Change

0.00 (0.00%)

Day's Change

2.41 - 2.41

Trading Volume

4,300


3 people like this.

1,538 comment(s). Last comment by airfan99 1 day ago

Posted by Snowpiercer > 2021-06-25 21:54 | Report Abuse

Isn't it perfect for Jardines? Just don't meet the requirement and let it get delisted. The board and management are controlled by Jardines. Smart.

Hafid

1,095 posts

Posted by Hafid > 2021-06-26 19:58 | Report Abuse

3.60 at least

Posted by Snowpiercer > 2021-06-27 13:33 | Report Abuse

Just wait to be delisted unless the 2nd largest shareholder scared and do it by itlself. Or they do a offmarket transaction and all other small shareholder get stuck forever.

Hafid

1,095 posts

Posted by Hafid > 2021-07-02 20:21 | Report Abuse

the share price will go down to rm1.40 i think...

AlfI3

1,099 posts

Posted by AlfI3 > 2021-07-05 07:57 | Report Abuse

@Hafid, can share Wat wud b d basis to reach rm1.4!

Posted by Snowpiercer > 2021-07-09 18:12 | Report Abuse

.delisted insufficient public spread

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-07-10 09:05 |

Post removed.Why?

Posted by EatCoconutCanWin > 2021-07-28 17:45 | Report Abuse

yeah...

Hafid

1,095 posts

Posted by Hafid > 2021-08-07 13:01 | Report Abuse

anything can happen. maybe will reach rm1.40 again down the road. or the company offer higher price. that's all. with the uncertainty i think better sell and wait until 90 sen that is the best entry.

AlfI3

1,099 posts

Posted by AlfI3 > 2021-08-09 23:13 | Report Abuse

It made sense indeed. South turn to d bottom liao

Posted by Snowpiercer > 2021-08-20 15:41 | Report Abuse

Those that have not sold will pray Dato David Goh to help them spread

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 16:39 |

Post removed.Why?

Posted by limitup123 > 2021-09-23 16:07 | Report Abuse

wakakkakak tis cheap cheap now like kancilprice ka kikikkikikikiki

Posted by Snowpiercer > 2021-10-31 10:28 | Report Abuse

No one can fight Jardines. They have both time and money.

firehawk

4,299 posts

Posted by firehawk > 2021-11-20 10:12 | Report Abuse

will only consider below 2.00 ... buy this type of things hv to wait at least 1 yr

Mabel

16,126 posts

Posted by Mabel > 2021-12-01 21:06 | Report Abuse

Ya lor..

Just have to wait..

Meow

Posted by Snowpiercer > 2021-12-16 15:58 | Report Abuse

Compulsory acquisition and delisting soon

Hafid

1,095 posts

Posted by Hafid > 2022-01-11 05:24 | Report Abuse

I think maybe reoffer at rM2.40

Nepo

2,277 posts

Posted by Nepo > 2022-02-04 17:32 | Report Abuse

What happened today?
Going to Holland?

Hafid

1,095 posts

Posted by Hafid > 2022-02-09 05:30 | Report Abuse

Yeap going Holland. Wait for price down again ....

Nepo

2,277 posts

Posted by Nepo > 2022-02-09 13:31 | Report Abuse

can buy already.
last calling or u will miss the boat..

Posted by Snowpiercer > 2022-02-09 14:31 | Report Abuse

I believe soon JC&C's shareholding will cross 90% and this counter will be delisted

Hafid

1,095 posts

Posted by Hafid > 2022-02-09 18:07 | Report Abuse

Will be delisted maybe few month from now or 3rd qtr

Nepo

2,277 posts

Posted by Nepo > 2022-02-11 13:05 | Report Abuse

Buy in now, don't think too much
Bottom fishing NOW @ RM 2

Nepo

2,277 posts

Posted by Nepo > 2022-02-17 13:05 | Report Abuse

Still not yet bought?
Time running short..
The operator is washing out weak holders, they purposely press down a bit..
If you wish to challenge, buy in at RM 2.0x..
Last time to accumulate..

Hafid

1,095 posts

Posted by Hafid > 2022-02-17 21:31 | Report Abuse

How much is the offer price. 2.20 / 2.40 / 2.80

Nepo

2,277 posts

Posted by Nepo > 2022-02-18 09:34 | Report Abuse

Do you believe buy q and sell q is the same person..?

Nepo

2,277 posts

Posted by Nepo > 2022-02-18 10:45 | Report Abuse

David vs Goliath in CCB privatisation stalemate
July 12, 2021 18:00 pm +08

“This is why we are willing to share our investment strategy. As a united group, the minority shareholders have the required dissenting votes to thwart any attempt to privatise the company again. All we as an investor want is a commendable offer price close to the EV of RM4.65 a share,” says Goh.

https://www.theedgemarkets.com/article/david-vs-goliath-ccb-privatisat...

Nepo

2,277 posts

Posted by Nepo > 2022-02-18 10:59 | Report Abuse

Do you think selling or buying one small lot (100 unit) is an usual action in normal market?
Think about it..

Posted by huatallplant > 2 months ago | Report Abuse

googogogogogogo

Hafid

1,095 posts

Posted by Hafid > 2 months ago | Report Abuse

Tomorow selling day

Nepo

2,277 posts

Posted by Nepo > 2 months ago | Report Abuse

Based on the Record of Depositors dated 18 February 2022 (latest practicable date), the public shareholding spread of the Company remained at 10.97% and that the Company has yet to comply with the public shareholding spread requirement.

Hafid

1,095 posts

Posted by Hafid > 2 months ago | Report Abuse

Unless otherwise stated, the terms used herein shall have the same meanings as those set out in the Company's announcements dated 30 April 2021, 25 June 2021, 28 July 2021, 1 November 2021 and 29 November 2021 (“Announcements”).

As announced on 29 November 2021, Bursa Securities has vide its letter dated 29 November 2021 granted the Company a further extension of time of six (6) months from 28 October 2021 until 27 April 2022, to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements.

Based on the Record of Depositors dated 18 February 2022 (latest practicable date), the public shareholding spread of the Company remained at 10.97% and that the Company has yet to comply with the public shareholding spread requirement.

With JCCL’s current level of shareholding, any rectification proposal will not be successful without its support. Accordingly, the Company has engaged with JCCL on several occasions on the public shareholding spread shortfall and requested JCCL to formally inform the Company of their intention and plans with regards to CCB. As JCCL has not provided any plans on its intention with regards to CCB, the Company has not identified a feasible rectification plan at this juncture and will continue to engage with JCCL on the possible solution with regard to the listing status of the Company.

The Company will make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement for each quarter of the Company’s financial year in compliance with the Listing Requirements.

Hafid

1,095 posts

Posted by Hafid > 2 months ago | Report Abuse

wait for ccb drop to rm1.50

Hafid

1,095 posts

Posted by Hafid > 2 months ago | Report Abuse

2.30

airfan99

39 posts

Posted by airfan99 > 2 months ago | Report Abuse

Ini kali RM3.60 atau terus kaish sampai RM4.65. ha ha....

Posted by mahmudkashimj > 2 months ago | Report Abuse

CCB shares climbed trading session last Friday, from RM2.10 to high RM2.38 and close the day at RM2.31 apiece. To recap, in March 2021, Jardine CCL made a fresh bid to privatise CCB — one of the country’s largest dealers of Mercedes-Benz vehicles — at RM2.40 per share or RM241.79 million.

Posted by mahmudkashimj > 2 months ago | Report Abuse

Goh mention that this third time around, the offer price will be so good that we will also sell. Why? JCCL simply just needs to buy 7.87% more shares to force a compulsory acquisition. After two failed privatisation manoeuvres in a row, do you think JCCL will afford to let it go up in smoke for the third time after increasing their stakes from 59.1% to 88.04%?” he asks.

“This is why we are willing to share our investment strategy. As a united group, the minority shareholders have the required dissenting votes to thwart any attempt to privatise the company again. All we as an investor want is a commendable offer price close to the EV of RM4.65 a share. In the mid-90s, Nasimuddin came to know that Daimler AG — parent company of Mercedes-Benz Passenger Cars — was going to reorganise its distributorship network in Asia, whereby the lucrative importership and distributorship of CCB would be terminated, in exchange for a 49% stake in Mercedes-Benz Malaysia Sdn Bhd (MBM),” he recalls.

Under the deal, CCB was transformed into a Mercedes-Benz dealer with no voting rights in the affairs of MBM, but it would be entitled to fixed dividends amounting to RM22.1 million whenever MBM declares a dividend, Goh explains.

“Seizing the opportunity to be appointed as the approved permit (AP) holder for imported Mercedes-Benz models into Malaysia (as MBM is not a 100% bumiputera-controlled entity), the late Nasimuddin went on a buying spree to acquire a lot of CCB shares in the open market, and made himself and Naza group a substantial shareholder of CCB back then. CCB’s share price surged as high as RM19.50 per share in 1997,” Goh says.

Note that the issued share base of CCB has remained at 100.74 million shares over the past 25 years. But today, CCB is only trading at about RM2.31.

airfan99

39 posts

Posted by airfan99 > 2 months ago | Report Abuse

At the end of the day, we are all businessmen who look at the bottom line, not to make foes. But if you are not willing to make a good offer, that’s fine too as we see long-term value in CCB. say Mr. Goh...Mercedes, parent co is talking a deal with Tesla

Posted by meerkat0078 > 1 month ago | Report Abuse

Jardine is collecting.. another privatization announcement expected soon.

Hafid

1,095 posts

Posted by Hafid > 1 month ago | Report Abuse

buy from 18/03 until 22/03.

Hafid

1,095 posts

Posted by Hafid > 1 month ago | Report Abuse

Jardine offer will not be that high. Maybe at the same at RM2.40 to RM2.80. keep buying back.

Hafid

1,095 posts

Posted by Hafid > 1 month ago | Report Abuse

The parent co still collecting. I suspect only June announcement and not now.

Nepo

2,277 posts

Posted by Nepo > 1 month ago | Report Abuse

like this type of buying by the JCCL, soon the shares will be depleted.
I was wondering why sellers want to sell at this price RM 2.40.
If you want to earn profit in stock market, you need to challenge, no free lunch. Refer to the earlier two offering, share price will at least worth at least RM 2.40, so WHY SELL NOW at RM2.40

Nepo

2,277 posts

Posted by Nepo > 1 month ago | Report Abuse

imagine If there is another party comes and also buy in to disrupt the supply of the shares, the share price will shoot up due to shortage of shares...if you sell now you may lose the opportunity to self-witness this historical event..

Posted by mahmudkashimj > 1 month ago | Report Abuse

SOMEONE IS SELLING AND JCCL BUY. THE QUESTION IS THE OFFER PRICE THIS TIME. RM2.40, RM2.60 or RM3.60 or RM4.65. THE PARENT COMPANY ALREADY NREARLY CONTROL 90%. SO THE SHARE IN THE MARKET IS GETTING LESS AND LESS.

Posted by mahmudkashimj > 3 weeks ago | Report Abuse

no offer yet.....

airfan99

39 posts

Posted by airfan99 > 1 day ago | Report Abuse

extended another 6 months to comply with the listing rules

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