Posted by bell > 2012-01-19 15:42 | Report Abuse

will osk up??

Posted by bell > 2012-01-19 15:44 | Report Abuse

anyone who have any comment on this stock??

Posted by Kent Lee > 2012-01-19 18:48 | Report Abuse

patience is the key for this stock...

Posted by bell > 2012-01-20 11:07 | Report Abuse

Malaysia's RHB Capital Bhd. plans to take over OSK Holdings Bhd.'s financial-services arm in a deal worth up to $605 million that would make RHB the country's largest brokerage by market share---Wall Street Journal

Posted by bell > 2012-01-20 16:06 | Report Abuse

RHB Cap expects nod for OSK merger in Q2
RHB Capital Bhd which has submitted an application for Bank Negara's approval for a proposed merger with OSK Holdings Bhd, hopes to get the nod by the early second quarter of this year, RHB Bank Bhd deputy managing director, Renzo Viegas said.

Both parties had submitted the application on Jan 11 to seek approval from the Minister of Finance via Bank Negara for the possible merger of businesses of OSK Investment banking group and RHB banking group.

"We will utilise regional branches of OSK for commercial banking if the merger kicks off," Viegas said at the launch of the RHB "Now Race For A Ducati" campaign.

HwangDBS Vickers Research had said the merger would enable RHB Cap to tap into OSK's entrenched retail channel -750 remisiers and dealers- to distribute equity and debt offerings, while grabbing a niche position in the capital markets.

The potential merger of RHB Cap and OSK Investment Bank Bhd will create the largest stockbroker in Malaysia. At midday, both RHB Capital rose three sen to RM7.33 and OSK Holdings inched up one sen to RM1.80. -- BERNAMA



Read more: RHB Cap expects nod for OSK merger in Q2 http://www.btimes.com.my/Current_News/BTIMES/articles/20120120141822/Article/index_html#ixzz1jz3POzd8

Posted by diablo88 > 2012-03-30 19:14 | Report Abuse

http://bonescythe.blogspot.com/
RHB and OSK breaking apart ler.....
one thing I don't get it, why would it break now and not before since the negotiation has been going on for at least 6 months. Why RHB didn't notice the huge debt level OSK had when they are doing the due diligence.... and why only now talking about breaking???

Posted by winwin > 2012-03-31 21:27 | Report Abuse

one of fund manager asked me to buy this stock on Feb and he said 90% will merge, luckily i didn't listen his advise.

Posted by diablo88 > 2012-04-30 15:09 | Report Abuse

the term of merger sucks

Posted by talk2pkc > 2012-04-30 16:07 | Report Abuse

Waste of time ........... better to put it into Saving account than OSK , between OSK and infamous RaymondChan ..... same catergory !!!!!!!!!!!!!!!!!!!!

Posted by berid > 2012-04-30 17:12 | Report Abuse

its the opportunity to make profit.. if u cant keep long, just day trade would be fine.. how much % of swing today..? atleast someone made profit.. =D

Posted by winwin > 2012-04-30 18:06 | Report Abuse

OSK fundamental quite weak, why RHB still interest to merge.

Posted by Primepeng Peng > 2012-05-01 00:11 | Report Abuse

to upgrade RHB true value so CIMB will buy at a more expensive price for the potential future takeover attempt. good trick i guess

Posted by diablo88 > 2012-05-07 09:53 | Report Abuse

osk fundamental weak or strong, bottomline is RHB is still buying the OSKIB. The fact is mr ong will not let go of it so easily without getting a big check out from RHB...

Posted by Yuzuki > 2012-05-07 10:13 | Report Abuse

rhb just need to activate ong's G-spot then he would definitely let go easily

Posted by diablo88 > 2012-05-07 11:00 | Report Abuse

yes..and that is SHOW ME THE MONEY!

Posted by diablo88 > 2012-05-14 09:52 | Report Abuse

rumour said mr ong might buy all OSK share back at 2.50 to gain all the RHB stake

Posted by diablo88 > 2012-05-22 11:07 | Report Abuse

Anyone had any newson this? Look like falling apart.

Posted by diablo88 > 2012-05-23 15:34 | Report Abuse

signing conditional purchase agreement

Posted by Namoyaki Takarajima > 2012-05-25 13:03 | Report Abuse

Peeping through!

Posted by diablo88 > 2012-05-28 09:08 | Report Abuse

the best had yet to come...I hope the 'rumours' on Ong buying out OSK is coming true :)

Posted by diablo88 > 2012-05-28 14:41 | Report Abuse

Suspended!!! :D

Posted by taxi > 2012-05-28 15:44 | Report Abuse

General Announcement



Reference No OI-120528-51914





Submitting Merchant Bank


:

OSK INVESTMENT BANK BERHAD



Company Name


:

OSK HOLDINGS BERHAD



Stock Name


:

OSK



Date Announced


:

28/05/2012






Type


:

Announcement



Subject


:




TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS









Description


:




OSK HOLDINGS BERHAD (“OSKH” OR THE “COMPANY”)

PROPOSED DISPOSAL BY OSKH TO RHB CAPITAL BERHAD (“RHBC”) OF THE FOLLOWING ENTITIES :-

(I) 100% EQUITY INTEREST IN OSK INVESTMENT BANK BERHAD (“OSKIB”);

(II) 20% EQUITY INTEREST IN OSK TRUSTEES BERHAD (“OSKTB”);

(III) 20% EQUITY INTEREST IN MALAYSIAN TRUSTEES BERHAD (“MTB”); AND

(IV) 100% EQUITY INTEREST IN OSK INVESTMENT BANK (LABUAN) LIMITED (“OSKL”),

FOR A TOTAL DISPOSAL CONSIDERATION of RM1,977.50 MILLION TO BE SATISFIED THROUGH THE ISSUANCE OF 245.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN RHBC (“RHBC SHARE(S)”) AT AN ISSUE PRICE OF RM7.36 PER RHBC SHARE AND RM174.3 MILLION IN CASH (“PROPOSED DISPOSAL”); AND THE SUBSEQUENT MERGER OF THE INVESTMENT BANKING BUSINESSES OF OSKH AND RHBC (“PROPOSED MERGER”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)









Attachments


:

OSKH - Announcement (28 May 2012).pdf
OSKH - Announcement (Appendices) (28 May 2012).pdf









Announcement Details/Table Section :


We refer to the announcements made by the Company on 29 September 2011, 14 October 2011, 11 January 2012, 27 April 2012 and 24 May 2012 in relation to the Proposals.

On behalf of the Board of Directors of OSKH, OSKIB wishes to announce that the Company had on 28 May 2012, entered into a conditional share purchase agreement with RHBC in relation to the Proposed Disposal.

Further details on the Proposals are set out in the attachments enclosed herewith.

This announcement is dated 28 May 2012.

Posted by taxi > 2012-05-28 15:44 | Report Abuse

wat will happen tomorrow ?

Posted by diablo88 > 2012-05-28 15:56 | Report Abuse

up up up lor... :-)
2.13 implied proceed for 2 times book value of OSKIB.

Posted by taxi > 2012-05-28 16:10 | Report Abuse

wats the announcement talking abt ??

Posted by gordan85 > 2012-05-28 16:32 | Report Abuse

How about warrant holder?

Posted by diablo88 > 2012-05-29 01:00 | Report Abuse

i read the report from bursamalaysia and copy and paste the excerpt here. If my calculation is correct, OSKH shall be valued at 1.54 + 0.9078 = 2.4478 after the disposal based on NA value of 1.54 today.

7.3 Earnings and earnings per share
As part of the Proposed Disposal, the investment banking business of OSKH will be
disposed off and the current operations will be continued in the enlarged RHBC
group.
The gain or loss arising from the Proposed Disposal will depend on the NA of the
OSKIB Group at the time of completion of the Proposed Disposal and the
expenses/costs incurred in connection with the Proposed Disposal.
For illustrative purposes only, based on the latest audited consolidated financial
statements of OSKH as at 31 December 2011 and on the assumption that the
Proposed Disposal had been effected on that date, the OSKH group expects to
realise a gain on disposal (after deducting the estimated expenses to be incurred for
the Proposed Disposal) of approximately RM853.32 million. This translates to a
proforma non-recurring gain on disposal per ordinary share of RM1.00 each in OSKH
of approximately 90.78 sen (based on number of shares in issue as at 31 December
2011).

Posted by illidonleong > 2012-05-29 09:14 | Report Abuse

why is osk falling??

Posted by jpleow > 2012-05-29 09:40 | Report Abuse

If you read the attachments carefully, there is NO capital repayment to distribute the RHB shares & cash received, they are going to keep the listing status of OSK & looking to acquire new business. This is only good for major shareholders. What in it for small shareholders like us? NOTHING!

Posted by illidonleong > 2012-05-29 09:48 | Report Abuse

aww. thats bad for us. thx for the making an account to post this!!

Posted by Chee Keong Koh > 2012-05-29 10:07 | Report Abuse

OSK drop to the NAV of 1.61. I guess this is the best value if below that value.

Posted by diablo88 > 2012-05-29 10:37 | Report Abuse

relax..look at it the positive way, it is merged and become a larger entity. OSK Holdings hold 10% of RHB cap share which is undervalued. Also after the stake dispose, the NA value become 2.44...

Posted by Namoyaki Takarajima > 2012-05-29 11:55 | Report Abuse

Please do not speculate the unscupulous romour. I am sure that OSK-RHBCAP understood well the law of Economic Torts, unless they want to be sued for negligent misstatement; damage for pure economic loss caused by detrimental relience on the statement. Then, we are the victim. We shall wait for OSK move, we shall see what is their action, then we make decision by then.

Posted by diablo88 > 2012-05-29 12:04 | Report Abuse

exactly, I think the price paid is quite decent and beneficial to OSK. Beside, from the business stand point it does make a lot of sense being big with a lot of financial power to survive.

Posted by talk2pkc > 2012-05-29 15:30 | Report Abuse

At least OSK got spending power !! Next 12 months would be interesting to see the revise plan for development ......

Posted by Mat Cendana > 2012-05-29 20:34 | Report Abuse

Guys, is this really a bad deal for OSK Holdings (and us investors/speculators)? RHB is buying the stock-broking division by paying with RHB shares plus some cash. That means OSK Holdings will have fluid shares that are of high value plus money... but no business.

The question is, if there won't be any capital repayment, what is OSK Holdings going to do with the shares and money? This sounds something like Kurnia Asia, which sold the local insurance business to AMMB (or is it Am Bank?). Or is OSK Holdings just going to sit around `goyang kaki' to receive dividends from its RHB shares?...plus sell (like us traders) from time to time when the price goes up? If there is good income from that, I say why not?

Posted by Kent Lee > 2012-05-29 23:00 | Report Abuse

OSK screw us all...... never trust OSK !!!

Posted by Jake > 2012-05-29 23:53 | Report Abuse

OSK = Ouch, sudah kena

Posted by Kent Lee > 2012-05-30 00:12 | Report Abuse

OSK tricked all of us ??

Posted by Kyle Thean > 2012-05-30 05:56 | Report Abuse

hahaha later all the osk investors will kena pn 17 :D

Posted by diablo88 > 2012-05-30 09:12 | Report Abuse

I think there is potential but I am worry about the pn 17. That will means investor will dump the share because there's no value to the stock anymore to the bank.

Posted by my101home > 2012-05-30 13:24 | Report Abuse

Is osk in oversold position? The rhb shares it holding is much higher than its current market value

Posted by diablo88 > 2012-05-30 13:43 | Report Abuse

look at the history of MAA. I am scared :D

Posted by aunloke > 2012-05-30 13:53 | Report Abuse

So am I, will ECM holders suffer the same fate ?

Posted by Mat Cendana > 2012-05-30 14:27 | Report Abuse

OSK also received cash from the sale. Might there be the possibility it would use that to pay out a special dividend of some sort to appease the minority shareholders?

Posted by Namoyaki Takarajima > 2012-05-30 14:32 | Report Abuse

OSK better be realistic to sustain in nowadays market scenario. Too much political involve will make OSK jahanam. Ref: The Star today. Better be real OSK. Public has brain, not just kakitangan.

Posted by diablo88 > 2012-05-30 14:42 | Report Abuse

Mr Ong had clarified in the press conference yest that no special payment of dividend of capital repayment for now.

Posted by Namoyaki Takarajima > 2012-05-30 15:08 | Report Abuse

Diablo88, which PC? No official news so far. Any reference?

Posted by kl foong > 2012-05-30 15:16 | Report Abuse

It was reported in yesterday Star Biz.

Posted by jpleow > 2012-05-30 16:38 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2012/5/29/business/11375310&sec=business

5th Last paragraph:
"Ong also said OSK would remain a listed entity after the disposal of OSK IB, but stayed mum on its future direction. He added that OSK was not considering a capital repayment to its shareholders for now."