If the merger is going to fail--why propose Share Buyback? Better propose increase director fees. My guess is OLH is afraid PJD sharesholders will cash-out once converted to OSKH. So share buyback mandate is to support OskH price after merger
based on the booklet and anual report tht I received by post last week the merger is almost done. Special dividend 15 sen will be paid out once the exchange of share from major shareholder is complete on June. Whether minor shareholder agree or not is nothing to do with this merger.
At best OSK is going to hover at 2.15. Whacking up to 3.00 is everybody's dream. Still no news whether SC and Bursa have approved the multiple proposals. Funny; considering we have a world class trading house.
always. I think is not so easy to go back to 2.10. Remember that guy who took 8M shares lately. He didn't let go yet. He cannot make money yet. Anywhere 2.50 onward, he might let go. I think he has no bullets left or he is just waiting for Big buyers
Considering Director Nik Mohamed Din (OskH) was the Executive Chairman of KLSE for 12 years, I think the merger should not be a problem ( maybe announce in AGM ). Usually rejection is announced within one month from the date of submission.
Suddenly there is an article on what OLH eats for lunch...
And... on how hard working he still is at 71...
Speculation is.. he is busy tying things up.... inclusive of or mainly this assets injection thingy I suppose.... before leaving them to his sons or daughters to run
Rhb share price is heading north,it will pull Osk Holding share price up as well. Investors cannot ignore this,Osk investment in Rhb is increasing in value.
Break 2.20 first-- Then we can expect more uptrend before agm. Dividend is non issue if bigger expectation like merger is confirmed. Then Mr Steady will be all wings
After 2.20, not much resistance left bcos last run peak at 2.45. So 2.40 can be reach in days. 2.20 take more than a month and still refuse to let go its grips
I can double my money if Rhb heads north and the merger goes ahead,that was why I didn't sell at 2.55. Hope 1mdb don't mess up everything again. Merger likely to be done as news would've leaked out by now if it has been cancelled and those in the know would have sold.
No buyers. How to go up? (Let alone break 2.20). So near yet so far. Something is just not right with OSK. Cheers for now ---- the worst is yet to come.
High five bjax22 I used this blog as one of my main reference too when making my investment decision :) which explain why osk is now my largest investment among my portfolio.
Rhb to take right issue believe to be 1 to 3 billion. Then osk to pay cash between 100 to 300 m to take up rights. WONDER osk got the cash.? Better still just sell Rhb!!!!
SinGor,unless the seller is mr ong,he is fighting a losing battle. Buyer has been collecting since 2.04. If I were the seller,I would buy instead of selling,stand to make more money.At peak,seller was prepared to sell 1.5m shares per day to keep the price from going up. The seller has reduced his daily sell volume of late.
Yes you right. It is not mr ong. Watch carefully--the moment retailers eats about 100,000++ shares--the rest of the block will disappear. I saw this many times
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Posted by money168 > 2015-03-30 09:42 | Report Abuse
how the progress of merger plan? 15th april is six month after annoucement