Posted by TheContrarian > 2018-08-21 20:39 | Report Abuse

Insas not likely because Thong doesn't have enough money to do an MGO.

Posted by TheContrarian > 2018-08-21 20:42 | Report Abuse

Calvin, are you aware Eksons closed at 0.845 today?

Posted by joetay > 2018-08-21 20:48 | Report Abuse

whats ur targeted return for ekson, bro thecontrarian????

Posted by calvintaneng > 2018-08-21 20:55 | Report Abuse

Eksons follows Flb up due to good plywood sale when Sabah banned logs export. Hexza is selling lots of resin to both. I know Eksons will go above rm1.00 just like TA. For Insas it should trade above Rm2.00 if not for the ignorant market

Posted by TheContrarian > 2018-08-21 20:57 | Report Abuse

Eksons doesn't have much free float, the two directors already own 58%. How much would it take to buy up the remaining 67 million shares of a company that has RM155 million in its bank accounts?

Posted by joetay > 2018-08-21 20:58 |

Post removed.Why?

Posted by TheContrarian > 2018-08-21 20:59 | Report Abuse

I don't have a target price, I will wait for what the directors to make their move.

Posted by joetay > 2018-08-21 20:59 | Report Abuse

is it net cash, bro thecontrarian???

if net cash of 155m, then really good target for privatization with 42% outstanding.

Posted by Alex™ > 2018-08-21 21:00 | Report Abuse

Eksons ah, hard to trade la...so illiquid....later anything how to sell?

Posted by TheContrarian > 2018-08-21 21:05 | Report Abuse

Yes, net cash. Bank borrowings only RM20 million for which half is long term. The bulk of the cash of RM115 million is kept in FD.

Posted by joetay > 2018-08-21 21:05 | Report Abuse

just have to be patient.

no need to rush.

this is what the number 1 thing that market has taught me over the yrs.

Posted by TheContrarian > 2018-08-21 21:07 | Report Abuse

Alex, Eksons is not for trading, it's an opportunity to buy cheaply.

Posted by TheContrarian > 2018-08-21 21:08 | Report Abuse

Joetay, Eksons was uncovered by Calvin. Got to give him credit for this.

Posted by calvintaneng > 2018-08-21 21:08 | Report Abuse

Yes selling is one of the hardest thing to do. Buying is so easy (just take position when price is cheap)

For TA ENTERPRIZE I think since Tony bought as high as Rm1.04 that should be the first target price to sell

See

DATUK TIAH THEE KIAN 19-Sep-2014 Acquired 50,000 0.950 View Detail
DATUK TIAH THEE KIAN 18-Sep-2014 Acquired 100,000 0.953 View Detail
DATUK TIAH THEE KIAN 17-Sep-2014 Acquired 100,000 0.958 View Detail
DATUK TIAH THEE KIAN 15-Sep-2014 Acquired 100,000 0.960 View Detail
DATUK TIAH THEE KIAN 12-Sep-2014 Acquired 100,000 0.965 View Detail
DATUK TIAH THEE KIAN 11-Sep-2014 Acquired 144,700 0.963 View Detail
DATUK TIAH THEE KIAN 10-Sep-2014 Acquired 300,000 0.958 View Detail
DATUK TIAH THEE KIAN 09-Sep-2014 Acquired 244,700 0.959 View Detail
DATUK TIAH THEE KIAN 08-Sep-2014 Acquired 300,000 0.965 View Detail
DATUK TIAH THEE KIAN 05-Sep-2014 Acquired 50,000 0.935 View Detail
DATUK TIAH THEE KIAN 04-Sep-2014 Acquired 100,000 0.930 View Detail
DATUK TIAH THEE KIAN 03-Sep-2014 Acquired 200,000 0.928 View Detail
DATUK TIAH THEE KIAN 22-Jul-2014 Acquired 500,000 1.044 View Detail
DATUK TIAH THEE KIAN 21-Jul-2014 Acquired 500,000 1.030


For Eksons their costs are even higher at over Rm1.20

see

TAY HUA SIN 08-Aug-2011 Acquired 70,000 1.070 View Detail
TAY HUA SIN 05-Aug-2011 Acquired 30,000 1.137 View Detail
TAY HUA SIN 03-Aug-2011 Acquired 35,000 1.187 View Detail
TAY HUA SIN 02-Aug-2011 Acquired 8,400 1.200 View Detail
TAY HUA SIN 28-Jul-2011 Acquired 10,000 1.190 View Detail
TAY HUA SIN 27-Jul-2011 Acquired 10,000 1.190 View Detail
TAY HUA SIN 26-Jul-2011 Acquired 10,000 1.190 View Detail
TAY HUA SIN 19-Jul-2011 Acquired 20,000 1.175 View Detail
TAY HUA SIN 18-Jul-2011 Acquired 20,000 1.195 View Detail
TAY HUA SIN 15-Jul-2011 Acquired 20,000 1.210 View Detail
TAY HUA SIN 14-Jul-2011 Acquired 30,000 1.227 View Detail
TAY HUA SIN 13-Jul-2011 Acquired 50,000 1.222 View Detail
TAY HUA SIN 12-Jul-2011 Acquired 18,600 1.230 View Detail
TAY HUA SIN 08-Jul-2011 Acquired 28,000 1.226

Posted by joetay > 2018-08-21 21:09 | Report Abuse

ok, this we have to give him credit.

but still he must convince us with his valuation story.

everytime use nta, if play market can just use nta, then really is very simple to make money.

Posted by TheContrarian > 2018-08-21 21:12 | Report Abuse

TA is too huge to move up further in the short term. No point holding on where there are other opportunities to make much, much more.

Posted by firewall9301 > 2018-08-21 21:58 | Report Abuse

TheCont........what other opportunities? No sure win! A bird in hand is worth 2 in the bush......cheers

Posted by TheContrarian > 2018-08-21 22:06 | Report Abuse

Since beginning of last month TA has been stuck between 0.645 and 0.66. If you have bought Masteel at 0.57, Eksons at 0.67 (after adjusting for 5 sen dividend) and Amprop at 0.67 like I did, you would be making more than holding on to TA.

Posted by apolloang > 2018-08-21 22:07 | Report Abuse

already said TA limit up is 66cts....hahaha

Posted by joetay > 2018-08-21 23:14 |

Post removed.Why?

Posted by enid888 > 2018-08-22 18:07 | Report Abuse

I have written an analysis on TA Enterprise MGO titled

"TA ENTERPRISE - MANDATORY GENERAL OFFER ANALYSIS"

Please read before you make your decision on your acceptance of the offer.

The offer has been concluded to be "UNFAIR" and "UNREASONABLE".

Posted by calvintaneng > 2018-08-23 00:31 | Report Abuse

TA 66 sen barrier might break if Tony wants to!!

INSAS STILL CHEAP AND NEGLECTED WHILE TONY EYEING TA.

Posted by luckypunting > 2018-08-23 08:31 | Report Abuse

For those who decided to reject the offer now, need to wait for the due date for TT to get pass 50%.

Posted by luckypunting > 2018-08-23 08:34 | Report Abuse

Because this MGO is conditional, and TA will still be listed in KLSE. Unless TT revise the offer, it is very likely he is not getting 50% before deadline

Posted by chkhooju > 2018-08-23 08:45 | Report Abuse

When is the deadline?

Posted by luckypunting > 2018-08-23 09:01 | Report Abuse

May refer to villa1668 post, these 3 crucial dates: 12-Sep, 5-Oct, 19-Oct

Posted by ironcrowz > 2018-08-23 11:37 | Report Abuse

My fellow value investors, i recommend looking at XDL, appreciate if u could share some thoughts.

Posted by RVI123 > 2018-08-23 12:02 | Report Abuse

TA real value is so high. TT is paying peanuts to get a gem. There is no way for him to get my TA at this stupid peanut price.

Posted by RVI123 > 2018-08-23 12:06 | Report Abuse

I think something is wrong with Bursa. Why don't they require all the property counters to revalue their investment properties so that all the investors can know the real value of the shares? Why let them hide the real values? Stupid Bursa.

Posted by RVI123 > 2018-08-23 12:08 | Report Abuse

May be we can sue Bursa for our losses.

Posted by calvintaneng > 2018-08-23 12:43 | Report Abuse

RVI123

YOU ARE CORRECT

NOW ASK SSLEE TO COLLECT 10,000 SIGNATORIES AND GO REQUEST BURSA TO MAKE IT COMPULSORY THAT ALL LISTED COMPANIES SHOULD REVALUE ALL ASSETS BEFORE PRIVATISATION IS ALLOWED.

SO MANY WERE ROBBED AND PLUNDERED FOR FAR TOO LONG.

ALL MUST FIGHT FOR THEIR RIGHTS!!!

Posted by RVI123 > 2018-08-23 12:57 | Report Abuse

Calvin, agree with you. We should do this and not being eaten by the big fishes.

Posted by luckypunting > 2018-08-23 13:11 | Report Abuse

yeah, true, Bursa rule benefits the riches

Posted by luckypunting > 2018-08-23 13:12 | Report Abuse

The Star yesterday covered TA....also signalling potential breakout 0.66 soon, hope it comes true :p

Posted by Neut_ron1 > 2018-08-23 15:02 | Report Abuse

there are things retailers are not in the know?

Posted by Lele > 2018-08-23 15:04 | Report Abuse

Hahaha.... If Tony doesn't give it to you there's nothing you can do about it.

Posted by RVI123 > 2018-08-23 15:08 | Report Abuse

They always say the balance sheet and accounts must show true and fair figures. Without the property revaluations, the balance sheet and accounts are actually "not true" and "not fair". This is against the most basic rule of accounting.

Posted by Sslee > 2018-08-23 20:50 | Report Abuse

Dear all,
I refer:
https://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/tom/171206/tom_rules_171206.pdf
Rule 6.03 Offer Price
1. The offer price in a mandatory take-over offer must not be less than the highest price (excluding stamp duty and commission0 paid or agreed to be paid by the offeror or person acting in concerts for any voting share or voting right to which the take-over offer relates, during the offer period and within six months prior to the beginning of the offer period.

Thus Datuk Chiah is a law abiding citizen and he make an offer price as per SC regulation.
As for whether the offer price is fair or reasonable? The SC had the following regulation.

3.06 The board of directors of the offeree shall appoint independent adviser to provide comments, opinions, information and recommendation on a take-over offer in an independent advice circular. The independent adviser shall be responsible for all comments, opinions, information and recommendation disclosed in the independent advice circular.
11.04 Independent advice circular
(3) An independent adviser shall include in the independent advice circular all information and statement as required under schedule 2, together with any other information it considers to be relevant to enable the offeree shareholders and holders of convertible securities to reach a properly informed decision on the offer.
Schedule 2: Part III
15. Methodologies that are generally appropriate to be considered by the independent adviser include, but are not limited to, the following:
a. Discounted cash flow method:
b. Price earnings multiple valuation;
c. Market value;
d. Asset-base approach; and
e. Any precedent offers received by the offeree or its subsidiaries
The independent adviser should ensure that the choice of methodology is appropriate given the circumstances of the offer.

For the current offer there are only three out-come at the offer closing date;
1. Offer fail: As at the offer closing date, the offeror did not received valid acceptance in respect to the offer shares which would result in the offeror together with such TAE shares that are already acquired more than 50% of the voting share or voting rights.
Accordingly, the Offeror shall return all the TAE share which have been transferred into the CDS account of the offeror to the respective holders who have accepted the offer within fourteen (14) days from the Closing Date.
2. Offer success: As at the offer closing date, the offeror had received valid acceptance in respect to the offer shares which result in the offeror together with such TAE shares that are already acquired more than 50% of the voting share or voting rights.
Accordingly, the Offeror shall effected settlement via the remittance in the form of cheque, banker’s draft or cashier’s order which will be posted by mail to the respective holders who have accepted the offer within fourteen (10) days from the Closing Date.
3. Compulsory Acquisition: As at the offer closing date, the offeror had received valid acceptance in respect to the offer shares which result in the offeror together with such TAE shares that are already acquired more than 90% of the voting share or voting rights.
Accordingly, the Offeror shall within 4 months of the date of the take-over, acquire the remaining shares in the offeree, by issuing a notice in the form or manner specified by the SC to such effect, to all who have not accept the offer(“Dissenting Shareholders)

Thank you
PS: Malaysia has rules of law but unfortunately many of these rules and institutions had been compromised by the previous corrupt BN government. Now we have New PH government thus institutional reformed is the most critical to ensure that no institute and law is abused or misused again. Let rule of law prevail.

Posted by Sslee > 2018-08-24 09:24 | Report Abuse

Sorry typo error.
Should be Datuk Tiah.

Posted by Yael Jasper > 2018-08-24 10:28 | Report Abuse

wah, suddenly fly because of no road block today. Profit everyday thanksss

Posted by tah16600 > 2018-08-24 12:52 | Report Abuse

Can throw the offer form to dustbin lol !

Posted by tah16600 > 2018-08-24 12:55 | Report Abuse

Datuk Tiah thinks we minority shareholder r begger.

Posted by limyinchu > 2018-08-24 17:04 | Report Abuse

The block is clear, master Calvin, may i seek from your opinions? Thank you

Posted by firewall9301 > 2018-08-24 18:07 | Report Abuse

firewall9301 Share issued : 1,720,000,000 (1.72b) . Dtk Tiah holds 611,556,200 as at 21/8/2018. Equal 35.5555% . To make it 50% or more .....860,000,000-611,556,200=248,443,800. Closing Date : 12 Sept 2018. Meaning 12 more trading days before dead line. Approx 20.6 M shares per trading day need to be purchased by Dtk T. Cheers

Posted by luckypunting > 2018-08-24 18:20 | Report Abuse

someone clearing off 0.66 ,,,,, interesting!

Posted by EngineeringProfit > 2018-08-24 18:21 | Report Abuse

Interesting....

Posted by limyinchu > 2018-08-24 18:59 | Report Abuse

Maybe Tony wants to push up the price. Guys, our journey is more than more excited.

Posted by luckypunting > 2018-08-24 19:37 | Report Abuse

Looks like the only direction is ............ :p

Posted by XUXNN > 2018-08-24 21:54 | Report Abuse

why recently so many sell q for Tony?

Posted by firewall9301 > 2018-08-25 16:12 | Report Abuse

Could be interested parties self made "left :right " pockets sales to excite n misled the mkt. Cheers
25/08/2018 16:09