Posted by Miz Raya Bloom > 2019-11-12 11:51 | Report Abuse

mungkin yang dapat 1.67 tu sebab ada yang terjual hihihi betul juga kawan ku kat whims kata kaunter ini bisa bikin kejutan, cuma ku kesal tak beli sebelum announcement keluar huhuhuh

Posted by apolloang > 2019-11-12 12:13 | Report Abuse

siapa dapat? why everytime queue so early also cannot get? how's the system work? tipu kah?

Posted by Miz Raya Bloom > 2019-11-12 12:25 | Report Abuse

pagi2 lagi ku ingat nak q buy sekali tengok dah 1.67 ramai tunggu pulok - melepas hihihi appollo sebenarnya malam pun boleh q buy dalam system

Posted by apolloang > 2019-11-12 12:30 | Report Abuse

I malam dah queue tapi apa pun tak dapat…...bukan ini kaunter saja dah banyak kaunter macam begini…...bursa penipu lah

Posted by apolloang > 2019-11-12 12:33 | Report Abuse

tak ada list kah who queue 1st? apa system ini? penipu besar kah?

Posted by Miz Raya Bloom > 2019-11-12 12:57 | Report Abuse

oh ya ke? masa kat jupiter dulu ku pernah buat, malam q buy or sell esok pagi keluar dalam system, yang jaga kat stockbroking firm selalu dealer atau remiser, mereka la akan check pagi2

Posted by Mabel > 2019-11-12 14:42 | Report Abuse

I'm still waiting for someone to buy by queue..

Posted by pushparaj > 2019-11-12 17:32 | Report Abuse

Some innocent shareholder, sold cheap without realising it is worth 2.20

Posted by kaleemtheman > 2019-11-12 17:32 | Report Abuse

Cycle & Carriage Bintang Bhd’s (CCB) shares surged 29.46% this morning after its controlling shareholder Jardine Cycle & Carriage Ltd (Jardine CCL) proposed to the board to undertake a selective capital reduction and repayment (SCR) at RM2.20 per share.

At 9,02am, CCB rose 38 sen to RM1.67, valuing it at RM168.24 million.

Posted by Miz Raya Bloom > 2019-11-12 17:34 | Report Abuse

apollo awak tanya stockbroker le kenape? siapa yang jaga awak punya account? mesti ada yang jaga, walaupun beli sendiri online.

Posted by Mabel > 2019-11-13 07:45 | Report Abuse

Can still buy or not?

Queue also cannot get since yesterday

Posted by Miz Raya Bloom > 2019-11-13 07:55 | Report Abuse

alahai ku tak payah le q, yang nasib baik shareholders

Posted by Miz Raya Bloom > 2019-11-13 07:56 | Report Abuse

yang kelakar affin dari tp 0.96 boleh tukat tp 2.20, ku rasa affin pun tak dapat kecuali memang shareholder

Posted by Mabel > 2019-11-13 08:00 | Report Abuse

Terima kasih Miz

Memang shareholders.. Ingat bolih beli lagi.. Hehehe..

Thanks for the reply. Will take out my queue for bargains hunting.

Posted by Mabel > 2019-11-13 08:01 | Report Abuse

Thanks Andy!

Posted by apolloang > 2019-11-13 08:57 | Report Abuse

fair price cos NTA only 2.69

Posted by thenewbie > 2019-11-13 10:12 | Report Abuse

can grab ?

Posted by James Ng > 2019-11-13 14:39 | Report Abuse

https://klse.i3investor.com/blogs/general/235277.jsp
[转贴] [CYCLE & CARRIAGE BINTANG BHD：单位销量和利润率下降] - James的股票投资James Share Investing

Posted by Miz Raya Bloom > 2019-11-13 14:51 | Report Abuse

thin volume

Posted by Hafid > 2019-11-13 15:13 | Report Abuse

have to be careful. what worry is if not accept

Posted by Miz Raya Bloom > 2019-11-14 10:38 | Report Abuse

kalau turun 1.60 ku beli sebab nak dapat 2.20 tu pun kena bayar stamp duty, ada fee lain2 - dulu kawan ku pernah buat masa E&O nak delisted, lepas tu tak jadi delisted hihihi

Posted by khaiven > 2019-11-18 09:41 | Report Abuse

Actually how can we receive the money if we bought the shares? or it will be automatically credit to your CDP account?

Posted by meerkat0078 > 2019-11-24 10:17 | Report Abuse

@ khaiven. Buy the shares and make sure to accept the offer @2.20. Then if there is 90% acceptance, they will pay you 2.20 into your bank account usually within less than 6 mths.

Posted by Thinkcarefully > 2019-11-27 09:46 | Report Abuse

What if the BOD rejects the offer?

Posted by meerkat0078 > 2019-11-27 11:36 | Report Abuse

@Thinkcarefully Based on the current market condition and the NTA of CCB, the most likely outcome is to accept as CCB is undergoing an extremely challenging period with no dividends likely to be declared in the near term and no expectation of the share price to be appreciating in the medium term (at least). Almost all recent SCR from Suiwah, Selangor Properties and Century Bond were successful. (MAA's SCR was not successful as it was reported that the offer price was at least 40% below the company's NTA at that time.)

Posted by Junqi > 2019-11-28 20:05 | Report Abuse

Assuming everything goes smoothly, how long does it take from announcement date of SCR to payment to shareholders.

Posted by meerkat0078 > 2019-11-29 10:21 | Report Abuse

It takes about 6 months from the date of announcement to complete everything. By the way, the board of directors has just appointed CIMB Investment Bank Berhad as the Principal Adviser for theproposed SCR. Looks like it is going to get smoother and smoother....

Posted by Thinkcarefully > 2019-11-30 18:47 | Report Abuse

Its still worthwhile to buy at 2.09. Annualised return is about 10%.

Posted by meerkat0078 > 2019-11-30 20:11 | Report Abuse

They have just appointed Affin Hwang Investment Bank as indepedent adviser and Affin Hwang has recently mentioned in their coverage that 2.20 as a good exit price. So be prepared to get 2.20 soon.. :)

Posted by wahidpenang > 2019-12-02 18:24 | Report Abuse

Berjaya Misai Vincent Tan is in the ring, asking Jardine to pay up to $3.80 per share

Posted by Junqi > 2019-12-02 19:20 | Report Abuse

Can sell to VT

Posted by SUPERSUN > 2019-12-02 19:38 | Report Abuse

@wahidpenang is it true??

Posted by Junqi > 2019-12-02 20:13 | Report Abuse

This can't be true.Who is VT to demand a higher price,unless he holds more than 10% of the shares and can put a spanner in the SCR.Other than Jardine (60%)no one else has more than 2%.
Of course VT can offer to buy at 3.6. Maybe even Jardine may sell to him haha

Posted by Miz Raya Bloom > 2019-12-06 22:07 | Report Abuse

wah! macam2 hal!!

Posted by Syndicates > 2019-12-06 22:16 | Report Abuse

by looking at their group properties section in annual report, is the value shown revaluated? a bungalow valued at RM23k? if no then there's a huge NTA hidden.

Posted by Miz Raya Bloom > 2019-12-06 23:25 | Report Abuse

Ya ke? Pi serang AFFIN.

Posted by Syndicates > 2019-12-07 08:48 | Report Abuse

It's true. By looking back to their disposal of properties announced in 2006, they stated a big gain after disposal because they never do revaluation on their properties, so their value is in cost valuation model. Most of their properties are over 10 years 20 years, you think how much potential value is inside these properties?

https://www.google.com/url?sa=t&source=web&rct=j&url=http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/%3Fname%3DEA_DS_ATTACHMENTS%26id%3D147517&ved=2ahUKEwjOnbTDpqLmAhXUdCsKHVeqC3YQFjACegQIAhAB&usg=AOvVaw2PP5E8pHAtXvi4e3lkb91p

Affin kia sure write something in favor to jardine. No doubt.

I'm expecting a revised price on next week, as they extended the time to get BOD's deliberation till next Friday. If offer price at 2.20 is no issue then they should already approve this proposal.

Posted by Syndicates > 2019-12-07 08:55 | Report Abuse

To get EGM passed must have 90% voting right, 50% number of shareholder, Jardine themselves cannot vote.

Posted by meerkat0078 > 2019-12-07 10:05 | Report Abuse

Jardine already has 60% of the shares. It will most likely get 40% to approve as hanging on will not do any good to the share price at least in the middle term.

Posted by Junqi > 2019-12-10 08:24 | Report Abuse

Dont know why BOD postponed its decision last week.It does not have the mandate to reject or negatiate Jardin offer.Unless someone has offered a higher price which is most unlikely unless Jardine offered to sell as well.The shareholders are the ones deciding and I am sure all are in favour of selling at 2.20

Posted by meerkat0078 > 2019-12-11 12:35 | Report Abuse

Privatization shall proceed...

Posted by Junqi > 2019-12-12 17:16 | Report Abuse

Maybe at a higher price?

Posted by csan > 2019-12-13 11:41 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3009227

Posted by csan > 2019-12-13 11:45 | Report Abuse

This marks the end of the RM11million annual dividend from Mercedes Benz. Without this dividend, Cycle & Carriage is a dead duck. Not fair to say their properties are undervalued because they need the properties for showrooms, they cannot monetise them.

Posted by ismailkarin > 2019-12-26 09:50 | Report Abuse

Misai and a group is planning to block the SCR unless Jardine revise upward the offer price >$3

Posted by Thinkcarefully > 2019-12-26 19:01 | Report Abuse

Dreaming.

Posted by SUPERSUN > 2019-12-26 21:37 | Report Abuse

ha ha ha

Posted by ismailkarin > 2019-12-30 10:38 | Report Abuse

Please read The Edge this Saturday on Misai and the gang proposal to block the deal

Posted by ismailkarin > 2019-12-30 10:40 | Report Abuse

@Thinkcarrfully, please don’t just be a keyboard warrior and do nothing on your investment but wait for others to do the necessary work

Posted by ismailkarin > 2019-12-30 10:40 | Report Abuse

Chinese Proverb : you reap what you sow