KIAN JOO CAN FACTORY BHD

KLSE (MYR): KIANJOO (3522)

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Last Price

3.05

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

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669 comment(s). Last comment by Gore Victor Lee 2019-08-29 15:11

moneycashrich

2,101 posts

Posted by moneycashrich > 2015-06-03 19:21 | Report Abuse

seems no energy to go up further.........after a nice run.

retnam

136 posts

Posted by retnam > 2015-06-03 22:26 | Report Abuse

They have to be fair to the minority shareholders to make up for the pathetic dividends. We who have taken the risk with this Co must enjoy up to the fair value of the Co. Pay a super dividend & then offer to buy up the rest at above the current offer at say RM3.50.

A fair compensation should be the SOP instead of these behemoths with deep pockets like EPF & Can-One quibbling over a few cents. They should show magnanimity instead of coming down to our level to battle with us.

Can-one & EPF also will enjoy the extra cash in the till from the dividend which they can use to buy up the remaining shares.

hanting999

463 posts

Posted by hanting999 > 2015-06-06 21:44 | Report Abuse

retnam, I would agree with you totally. If there is no revision to the 'offer price', I trust that as many as possible minority shareholders would attend the EGM to vote down the offer. Wah! they want to gain in asset value and cash value. I think that Chee fellow has no money left to top up the offer. And EPF; why should they be involved, after being with the Sees for so long.

JY108

491 posts

Posted by JY108 > 2015-06-07 15:44 | Report Abuse

like that ding dong ding dong gonna drag longer

fengtzekai

125 posts

Posted by fengtzekai > 2015-06-07 17:25 | Report Abuse

This counter has been non-stop providing the legal drama worthy of academy award soap opera and does not seems to end yet. But I thought after 2 years of delay, it warrant a revisit of offer price. It has grown so much now.

Otherwise, i think the deal is dead with Can-One holding only 32.9% and See family has more than enough to neutralise Can-One shares as the deal which need 75% vote to be approved.

For each vote that is against the deal, Can-One need 3 to carry it through and i see this as a tough one.

bad000

47 posts

Posted by bad000 > 2015-06-07 18:16 | Report Abuse

Nice analysis guys. If 3.30 than minority should vote against it ncoz its a rip off

retnam

136 posts

Posted by retnam > 2015-06-08 00:30 | Report Abuse

I believe that EPF despite it's deep pockets will soon want to see some dividends. They will run out of patience if none or only peanuts are forthcoming. Unlike Can-one, EPF is a pure investor. It does not have much opportunities to engage in dirty related party deals. Would minority shareholders or EPF blink first?

The Chee guy I'm sure has some solid $ behind him as an unofficial proxy for Can-one.

hanting999

463 posts

Posted by hanting999 > 2015-06-08 08:10 | Report Abuse

Can-One is deeply committed (in finance) when they acquired the first tranche of 32+% of KIan Joo at about RM1.60. Now to acquire the remaining 68% of Kian Joo at RM3.30 they need the help of EPF. The hidden asset value of Kian Joo must be great for Aspire to do the unthinkable of r++bing the minority shareholders.

firehawk

4,780 posts

Posted by firehawk > 2015-06-15 09:03 | Report Abuse

why still no call for EGM? they wait for See to appeal again?

hanting999

463 posts

Posted by hanting999 > 2015-07-02 13:33 | Report Abuse

See, I believe. will not appeal. See and friends may have the number of shares to prevent a buyout, I hope. That is why Chee and friends are wasting your time and mine, costing us our dividend payout, making Kian Joo a "dull' share and preventing the share price to rise.

retnam

136 posts

Posted by retnam > 2015-07-24 10:26 | Report Abuse

The management is quite kiasu, wanting to win on all counts.

If they make KJ a dull share with no dividend & capital gain then I hope EPF will start barking. I also hope the MD will realise that life is short - no use playing a waiting game before long he'll be too old to enjoy the spoils.

pharker

1,089 posts

Posted by pharker > 2015-07-24 10:45 | Report Abuse

hahaha...that's right. Life is short...why the joker waste time want more money than he has enuf time to spend ??

When alive, not anuf money...when dead left over much money.

hanting999

463 posts

Posted by hanting999 > 2015-08-10 14:41 | Report Abuse

Is the sale of Kian Joo to Aspire on? With this market, who dares to make a move. Even EPF has her own problems. Now look and see (what happens next).

Posted by Gore Abraham > 2015-08-19 22:30 | Report Abuse

market is so bad, Aspire will not pay more....................EPF now also in trouble......you can notice the market nowadays is so quiet..............no buying power

hanting999

463 posts

Posted by hanting999 > 2015-08-20 11:45 | Report Abuse

The irony of it all, as a result of the proposed buyout, we see Kian Joo getting good results but no dividends for (how many?) half-yearly results. Aspire (EPF + Chee) offered to buy Kian Joo and management accepted, fair enough. But Can-One is in control; and if Can-One and Chee are not in cahoot why can't the management give out dividends first to appease shareholders. Any adjustments to the buying price can be made later. All these: WTF.

firehawk

4,780 posts

Posted by firehawk > 2015-08-28 10:17 | Report Abuse

has been waiting too long ..... many small investors release their holding in loss ........

sheldon

1,404 posts

Posted by sheldon > 2015-09-04 10:27 | Report Abuse

At 3.30 as the latest research report says is getting cheaper. The duck is getting fatter with profits made but no dividends. The price though is not revised. In my opinion the price is not acceptable. To objectively derive a fair price, they should apply the following formula.

The price of 3.30 (agreed long ago) compounded monthly at say 3.15% per annum (monthly FD rate) for the duration of the delay + the future value of dividends they normally would have paid but did not during the intervening period (i.e. between the date of agreement & the date the deal is settled) compounded monthly by the same rate.

That's fair - not a penny more or a penny less.

sheldon

1,404 posts

Posted by sheldon > 2015-09-04 16:36 | Report Abuse

I wonder what will happen on 30 Sep - another extension?

dentab

148 posts

Posted by dentab > 2015-09-08 12:28 | Report Abuse

Any latest news to share? how about take over by canone?

yipgusing

483 posts

Posted by yipgusing > 2015-09-17 17:27 | Report Abuse

another gone case

sheldon

1,404 posts

Posted by sheldon > 2015-09-18 10:36 | Report Abuse

With Value Cap in the picture, KJ shareholders can certainly demand for more.

A few days ago, I bumped into Datuk Anthony See (stays nearby). He told me off the cuffs that with asset revaluation, the shares should be worth "at least RM4".

yipgusing

483 posts

Posted by yipgusing > 2015-09-21 21:24 | Report Abuse

sjl

firehawk

4,780 posts

Posted by firehawk > 2015-09-21 21:40 | Report Abuse

Another half yr waiting ..... another half yr no dividend .......

hanting999

463 posts

Posted by hanting999 > 2015-09-22 14:46 | Report Abuse

another 6 months of KIAN JOO floating around.

yipgusing

483 posts

Posted by yipgusing > 2015-09-25 16:45 | Report Abuse

23 march 2016 ................... omfg

sheldon

1,404 posts

Posted by sheldon > 2015-09-27 15:45 | Report Abuse

Don't Can-One desperately require dividends to offset the cost of funding the KJ acquisition?

hanting999

463 posts

Posted by hanting999 > 2015-09-28 20:04 | Report Abuse

If they are patient, sapu.

Posted by shareprofit > 2015-10-05 22:48 | Report Abuse

huh...very unfair to shareholders...bursa pls take note

yipgusing

483 posts

Posted by yipgusing > 2015-10-26 19:24 | Report Abuse

wah .. got movement 1 wo..

firehawk

4,780 posts

Posted by firehawk > 2015-11-05 15:20 | Report Abuse

all related ctrs fly, johotin, canone, boxpak .... but this leading producer still crawling ......

yipgusing

483 posts

Posted by yipgusing > 2015-11-06 15:00 | Report Abuse

what happen oh ...

sheldon

1,404 posts

Posted by sheldon > 2015-11-11 17:22 | Report Abuse

price seem to be creeping up. My advise is hold if you have the deep pockets.

pharker

1,089 posts

Posted by pharker > 2015-11-16 09:59 | Report Abuse

been holding for long time oledi....my beard also long long..hopefully something good

yipgusing

483 posts

Posted by yipgusing > 2015-11-16 10:20 | Report Abuse

at last ..................

sheldon

1,404 posts

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

Long overdue rise.

Still undervalued though - remember profits not distributed & properties not revalued for sometime

Posted by 360capitalist > 2015-11-16 11:52 | Report Abuse

Can One shouldn't sell the controlling block of Kian Joo shares at cheap price,, It is not making sense to sell the `Cash Cow` at below RM5.00. The ultimate winner is still Can One, the corporate F1 driver that holds the industry GEM that you can't use capital to build it overnight.

soros228

2,034 posts

Posted by soros228 > 2015-11-16 21:46 | Report Abuse

Buy

fengtzekai

125 posts

Posted by fengtzekai > 2015-11-18 18:40 | Report Abuse

Damn good profit....but damn no dividend again

yipgusing

483 posts

Posted by yipgusing > 2015-11-18 21:57 | Report Abuse

yes....profit damn good again ... but no div..haha

sheldon

1,404 posts

Posted by sheldon > 2015-11-18 22:31 | Report Abuse

Management is waiting for minority shareholders to blink first - i.e. sell & give up.
No dividends means a fatter balance sheet = Higher Net Assets = Higher share price

pharker

1,089 posts

Posted by pharker > 2015-11-18 22:32 | Report Abuse

Big show brewing..the drama is going into its final climatic episodes...look at the rise in price of CANONE...something major is coming to this saga...

sheldon

1,404 posts

Posted by sheldon > 2015-11-18 22:53 | Report Abuse

The fact that the share price of KJ had risen even before good the results were announced is an indication of possible insider trading.

soros228

2,034 posts

Posted by soros228 > 2015-11-19 06:56 | Report Abuse

Buy. Tp 5

firehawk

4,780 posts

Posted by firehawk > 2015-11-19 09:29 | Report Abuse

many ppl bot this stock two yrs back ... now is praying .... dun know how long is going to pray?

fengtzekai

125 posts

Posted by fengtzekai > 2015-11-19 10:09 | Report Abuse

Some observation from the quarterly announcement not reported by the news portal:
1. The actual improvement of results is actually better from reported. Last year's profit include RM12.2 million one-off gains from disposal of property by a joint venture. If you take that of, the profit improved 64% qoq and 44% yoy
2. No explanation is given on the high foreign currency reserve which shoot up almost RM40 million
3. NTA per share also shot up from RM2.56 to RM2.88. No explanations was given on that too.

sheldon

1,404 posts

Posted by sheldon > 2015-11-19 12:12 | Report Abuse

Perhaps management is trying to talk down the share price - so that Aspire can acquire it for a song.

If & when they decide to issue the circular to shareholders on the proposed disposal & distribution of proceeds (after numerous extensions) - it will look ridiculous for them to stick to the same price of 3.30

fengtzekai

125 posts

Posted by fengtzekai > 2015-11-19 14:13 | Report Abuse

Aspire deal is dead in the water already. Share price already > RM3.30.....

Don't think that is the motive as all these numbers are reported, not hidden. Just an explanation will be nice.

dentab

148 posts

Posted by dentab > 2015-11-20 11:37 | Report Abuse

slow down why........................

sheldon

1,404 posts

Posted by sheldon > 2015-11-20 11:49 | Report Abuse

Why the repeated extensions?

Awaiting with much anticipation bursa's query on whether Toyota Tsusho is still keen on KJ

firehawk

4,780 posts

Posted by firehawk > 2015-11-21 11:43 | Report Abuse

is it the offer cap the price? if Aspire aborts the offer, it probably would shoot up to 4.00!

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