the only way the share price is going is up......the downside in limited , school holiday coming , cny coming sales and demand should be good . the effect of no gst should kick in at the coming QR
better run lor.. deal hardly go through one. gearing become so high once after they merge. if canone's shareholder reject, price would not be so high as now.
AND iGIVE TIPS HERE try see FAVCO FAVELLE FAVCO BHD AND Bank Islam , anytime This one I already give tips while at lowest and already limit upppp ////m
As long as the trigerring party dun pare down their shareholding..its MANDATORY general offer..still need Canone shareholder approval oe not? Not veru sure how it works. Any sifu can share knowledge. Thanks
oks911 73 posts Posted by oks911 > Jun 25, 2018 09:00 PM |
ivan9511 2931 posts Posted by ivan9511 > Dec 15, 2018 12:48 AM | Report Abuse X
AND iGIVE TIPS HERE try see FAVCO FAVELLE FAVCO BHD AND Bank Islam , anytime This one I already give tips while at lowest and already limit upppp ////m
The intention of YJH & PAC is clear. They wanna proceed with MGO & accumulate KianJoo shares in current weak sentiment. Else they wont incurred cost & time to engage AmInvestment Bank to undertake the exercise. They can easily pare down their shareholding to <30% in the market to comply with SC sanctions imposed.
The previous offer by Aspire was RM3.30 & that was considered low by minority shareholders.
Now a year plus later, the following cannot be denied
- RM is weaker against USD - RM is of lower value from time value of money context - Net asset value per share has increased given that the peanuts dividends paid lately were far less the earnings.
actually it was 5 years ago that EPF tried to buy KJ at RM3.30 and people were screaming it undervalued the company.
there is merit to this deal even at RM3.10 but the way Canone went about it is in bad taste. they tried to hide it and not make a MGO but somebody whistleblow to SC and they got fined and forced to do the MGO.
they did not want to do it because they already have controlling interest and running the show in KJ. why spend so much money?
I have a feeling if this deal is not aborted or failed, the acceptance will not be high as the See family and EPF will not accept it.
the major positive to this deal is not the earnings of KJ but their large portfolio of undervalued properties and another listed company Boxpak.
Lukey_Greek, your observation is SPOT ON ! This guy do not go to so much effort for nothing. Look at the BIG picture why he wants to collect as much shares as possible at this level ?
This guy is now collecting at below 3.10..at 2.75 level...once reached 50%..can take the entire KJ at much lower cost whether u like it or not..He is not stupid..very shrewd..pity KJ minority.
I think as Can One & gang picks up the shares cheap, they are also throwing the shares if the price goes beyond 2.80 due to the demand so that the net shares bought will be cheaper than 3.10.
Bear in mind tat this grp of conmen goreng Boxpack till 2.68 for trapping naive investors to subscribed rghts issues. Once d rights listed, dey trapped n siphon away all those funds n pressed Boxpack till belo $1.20 w/in a yr time. I remembered this lesson well n hope u guys b cautious on this conmen tactics. Dun drop till u cant tear out.......
Watchdog, i also think the same thing. But logically can one should already know that they will need to do an mgo before negotiating the deal w mr tan right? I mean they are already @ 32.9%. Buy 500k shares also already trigger mgo. Why the heck nego to buy 2.2mil share with a friendly party to only back away at the last minute? I think deal will go through. Just that now everyone is too pessimistic. I think last month it even fell to 2.48. Mayb just buy and hold till egm. Pray a lot and hope deal will go through.. Dunno where to put money anyway.. Every thing looks crazy now..
pls be aware that this need Canone shareholders' approval at an EGM later. if they reject it, the whole MGO thing will be aborted and KJoo will go back to sleep at around RM2.00.
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....
Jeffreyteck
4,247 posts
Posted by Jeffreyteck > 2018-07-10 11:50 | Report Abuse
TP2.20. DY remains low.