Some News, Cimb Group is proposing 10% shares buyback so EPF no longer has to support Cimb. So I think EPF money will be channel to support Maybank and RHB. In a way OskH will benefit.
Hanting999,things are moving at snail pace. Osk lack of communication with investors,make us trade in the dark. Lack of information about the progress of things to come are not available,typical of companies in M'sia. The Edge is quite accurate,I don't think they're wrong. When Rhb took over Osk and ong did not give us anything,I sold Osk at a loss (26,500) because I knew ong will hold on to everything for some time. Recouped my loss by trading in Mbsb back in 2013 and make some money too. I bought back Osk back in June,2013 at 1.71 and has been waiting for Osk to move forward. There is no good or bad guys in the stock market,it's all about money,only profit or loss. We are all faceless people, the stock market take no prisoners,no mercy. When you make money there are others losing. I know malaysian panic when others are fearful and when others are greedy we lose all sense of value and become even more greedy. Classic examples of how to lose money in the stock market. There is an article posted above on 2/3/15 in chinese (headlines). Hope you can read as I can't.
Gheekong, as of 27 Feb 2015 OSK reported its quarterly and said still pending approval from relevant authorities; meantime, nothing OSK can do..... patience, patience, patience ...
After buying and selling OSK numerous times since 2009, this counter won't reward you significantly. Just take its dividends and sell at periodical peak to around RM2.30. If you don't do anything and keep it for long terms, well, you won't gain much from Mr Ong. Not even when RHB bought OSK. He gave nothing to the shareholders.
Thank you for advice,Adcool. Did exactly that back in May,2009 till June,2010. Bought first time at 96 cents. Traded almost every week for a year,made 33k. Now,every time Osk reaches around 2.18 you can sell and buy back in a day or two when it has dropped 6 to 9 cents. The trend for the past 2 months. Don't expect anything from ong,like you say. There are enough free floating shares in the market to push the share price higher when there are major news or development. Like when they announced the banks merger. Don't forget Osk was around 1.70 right before the announcement and Osk reached a high of 2.55 after that. Now,everyone is waiting for the next merger news,be it Rhb or Osk Property n Pjd. Did not trade regularly now as I did not want to be caught out not holding any Osk shares when announcement is made.
Can only compare 2013 and 2014,before that Osk was a totally different company from what it is today. For example: you cannot compare a price paid for a takeover with a merger. ratios used in a bank merger cannot be compared with ratios used in a merger between property companies. cannot compare ratios used when Rhb TOOKOVER Osk with ratios used for Osk MERGER with Pjd n Osk property. Have to be careful comparing companies in different sectors. We have to be careful comparing companies of different sizes,a 2.5billions company is very different from a 700millions company,even more so if from different sectors. Bear in mind,past datas are history and act only as a guide for you to predict the future. It is not a perfect solution. Trends,FA,TA and ratios are all base on historical datas and have their limitations and weaknesses,they're not perfect. You can say the same with the financial statements of the company,they contain only historical datas. By using all these reduces risks but not completely and will give you a certain degree of accuracy but not 100 percent. Important to note,share price is about what the company will do in the future to increase revenue and profit. When Rubberex was 2.00, it was paying good dividend ( 10% ) , look at the share price now.
When OSK/OLH is not generous to shareholders, do not ever think OSK will rise above RM2.15. I wonder who is delaying the approvals of the multiple proposals.
Roadblock at the approving authorities????? They have to think about the minority shareholders who might stand to lose out. Like what OTB says: The facts speak for themselves. There is no reason to sell lesser for something that is worth much more. And OLH selling less!!!! The world might be upside down.
I think.. the most SC can help the minorities of OSKP and PJD is to impose a condition asking OLH to disclose the most current valuation of OSKPs and PJDs properties... SC is unlikely to interfere beyond this
In a related party transaction involving injection of directors/shareholders personal assets SC would be more mindfull of over valuation... that is not the case here
OLH the IB is wired that way... he just can't help it
And.... In his eyes all these 3 are his ones... ask him... you think all these belong to your grandfather ah can do anything you like and he will say yes
Complain as you like..... but think in today's disclosure based regime... it is not likely SC will interfere on the offer price
Maybe OLH has cooked this thing for a bit too long..... in the process raising hopes ... now shattering hopes
Moi. Of course SC will not interfere bcos shareholders have to vote on OLH's proposal. Last time OLH wants to take OSKH private, I voted NO and so are many many shareholders. This time around, OLH offer me many Goodies. He will get my vote
It depends on how many proposals ahead/filing when oskh submit their proposal. I waited 4-5 months for CIMB/RHB and still is not out. I think OskH submitted around Dec/Jan 2015
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....
paulthesotong
2,865 posts
Posted by paulthesotong > 2015-02-22 08:58 | Report Abuse
OLH' son Ju Yan had left RHBInvestment Banking- the sale of RHB is imminent?