Posted by weilian1981 > 2015-05-13 16:24 | Report Abuse

some question to ask for all the expert here, even SC approved, did it mean OSK sure or confirm will take over OSKP and PJDEV ? Because as a OSKP or PJDEV stock holder, they may not willing to sale it undervalue....

Posted by CrossSymbol > 2015-05-13 16:32 | Report Abuse

The merger will go on regardless of the decision of the minor shareholders.

Posted by weilian1981 > 2015-05-13 16:36 | Report Abuse

Let assume I got 5000 share of PJD, right now OSK is offering RM 1.56 of 5 share to exchange with the new share of OSK Holding of RM 1.95 for 4 share.

But, OSK share is RM2.20 now and PJDEV is RM1.50. Why not buying PJDEV instead of OSK, So that u can exchange to OSK share at cheaper price (proposed voluntary take-over offer successful), if Take Over not successful and get rejected by PJDEV share holder, PJDEV may go back to it original price which is RM2.30+.

What is the target price for OSK, assume that OSK successul take over OSKP but not for PJDEV ?

Posted by sephiroth > 2015-05-13 16:41 | Report Abuse

MANDATORY general offer for oskprop , osk confirm to take over oskp(only 60m+ shares left in the open mkt)

VOLUNTARY general offer for pjd, if pjd shareholders don't sell they can't do anything, olh n pac will have 30+% of pjd(more than 300m shares left in the open mkt) n treat pjd as subsidiary loh n the new osk group will account 30+% profit from pjd

Posted by sephiroth > 2015-05-13 16:57 | Report Abuse

ngam ngam clear 2.19

Posted by ImCK > 2015-05-13 16:57 | Report Abuse

if i m pjdev shareholder i will accept the switch to OSK better pjdev warrant expire many share being convert then no more undevalue kiki OSK take pjdev oskprop price can be double up +++++ why still hold pjdev leh i m confusing

Posted by sephiroth > 2015-05-13 17:08 | Report Abuse

pjdwc expire dec 2020 mah, takut apa

Posted by ImCK > 2015-05-13 17:11 | Report Abuse

tak takut just wondering why pjdev shareholder cant think wisely
switch to osk accept the offer can get double up money better than hold pjdev with nothing lol

Posted by hoseh > 2015-05-13 18:12 | Report Abuse

ImCK, u miss out a point...this OSKP+PJDEV injection by OLH party is not come for free (although it is deliberately pressed down with an discount).

New OSKH shares have to be issued to OLH party, therefore the EPS of OSKH will be similar before and after the injection UNLESS the growth machines of both OSKP and PJDEV are well performing.

The earning of OSKH is still relies heavily on RHBCAP (50%), and now both OSKP and PJDEV are added to contribute 25% each in the enlarged OSKH.

Posted by hoseh > 2015-05-13 18:13 | Report Abuse

Posted by ImCK > 13/05/2015 15:43
pjdev not too undervalue if all its warrant covert to mother
right now i suggest pjdev shareholder throw mother switch to OSK better
OSK undervalue if pjdev + oskprop join to OSK the price will be double from now !

--------
If the OSKP and PJDEV is not too undervalue, how can OSKH double its share price (or EPS) by acquiring OSKP and PJDEV?

Please enlighten us.

Posted by ImCK > 2015-05-13 18:16 | Report Abuse

pjdev once warrant covert to pjdev mother share comfirm less eps liao ma if both combine is good for both released the value

Posted by hoseh > 2015-05-13 18:20 | Report Abuse

every conversion of warrant to mother share requires $1.
Where will the money go? :D

Posted by kevin008 > 2015-05-13 21:12 | Report Abuse

The money will go to retained profit..so NTA not affected

Posted by hanting999 > 2015-05-13 21:12 | Report Abuse

"RHBIB wishes to announce that the listing application in regards to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 13 May 2015." Wait some more! Another 5 months more!!!! If like this Orang Susah Kaya. In the meantime, OLH is receiving a lot of roasting from PJD and OSKP shareholders. Some more got to wait for EGM and then listing.

Posted by bluebiznet > 2015-05-13 23:00 | Report Abuse

speechless....
hanting999: 5 months is not enough la. i think another 12 - 24 months lah. if u cant wait just sell it la tmr morning. sell cheaper ha. we will buy from you XD

Posted by bluebiznet > 2015-05-13 23:09 | Report Abuse

your money is not "locked" but invested in a so far so good investment.

Posted by hanting999 > 2015-05-13 23:40 | Report Abuse

bluebiznet, don't buy from me. There are a lot of sellers out there. See what happens today - sellers at 2.19 plentiful. Buyers swallow them. Tomorrow will be interesting. UP or DOWN?

Posted by bluebiznet > 2015-05-13 23:55 | Report Abuse

i hope down. but not too much la. i m interested as long as below 2.20

Posted by r°Moi > 2015-05-14 08:14 | Report Abuse

For those who dread waiting... I suppose EGM can be called while waiting for Bursa

Anyway... this wait will not be as boring as the SC one... traders will play... have not seen traders in here for awhile liao... let's them traders have a good time

Posted by r°Moi > 2015-05-14 08:23 | Report Abuse

Play play play... if played the wrong way also never mind... deal is definitely on.... soon special dividend plus free warrant

Posted by r°Moi > 2015-05-14 08:27 | Report Abuse

Play play play .... trading a counter with an insurance policy... nothing gets better than this.. Play!!

Posted by cooling > 2015-05-14 08:44 | Report Abuse

wah so many selling at 2.20

Posted by Boss88888 > 2015-05-14 09:12 | Report Abuse

target 3.00 before ex

Posted by SinGor > 2015-05-14 09:21 | Report Abuse

Listing application( Bursa) for OskP & PJD is just a formality bcos it just an update rather
than New listing. Facing PJD's shareholders is treacherous, OLH has to wear bulletproof vest

Posted by hanting999 > 2015-05-14 10:05 | Report Abuse

No need for OLH to wear bullet-proof vest. He is bullet-proof. Can bring century eggs to the EGM ????

Posted by SinGor > 2015-05-14 10:18 | Report Abuse

HawkEye guard at main Hall. Maybe lower OLH chair so that incoming projectile has a very
steep angle ( most likely missed target)

Posted by Boss88888 > 2015-05-14 10:24 | Report Abuse

haha...if push to 3.00...everybody will clap hand la!..bring what egg ?

Posted by SinGor > 2015-05-14 10:35 | Report Abuse

we need average 5 cents gained per day for 3 weeks to arrived 3.00

Posted by SinGor > 2015-05-14 11:26 | Report Abuse

Collection at 2.21 ( 1.8M ) Maybe our friend ImCK. Very Good--Can go higher now

Posted by bluebiznet > 2015-05-14 11:55 | Report Abuse

singor: do u mean got one transaction buy at 2.11 for 1.8m shares?

Posted by bluebiznet > 2015-05-14 12:27 | Report Abuse

2.21

Posted by SinGor > 2015-05-14 12:37 | Report Abuse

See chart bouncing up & down within 1 cents. Big boys collection mode

Posted by Sebastian Sted Power > 2015-05-14 14:36 | Report Abuse

selling queue also very high

Posted by sephiroth > 2015-05-14 15:20 | Report Abuse

2.21 sudah clear, big barrier at 2.22, 2molo break the wall 2.22, man man lai

Posted by sephiroth > 2015-05-14 15:28 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/76512.jsp

Bursa Dummy taiko huaaaaatttttttt aaarrrrrrrrrr

Its major shareholders (OLH & others) will definitely acquire:
177.64mil shares (~73.0%) of OSKProp shares by issuing 177.64mil new OSKH shares
143.36mil shares (~31.7%) of PJDev shares by issuing 114.69mil new OSKH shares
So, after the acquisition by major shareholders, total OSKH shares will increase to 1,243mil.

After OSKProp and PJDev are included into OSKH, OSKH will be a prominent property developer in the country.

Base on current earning trend, for calendar year 2015, OSKH, OSKProp & PJDev might be able to produce a guesstimated PATAMI of RM200mil, RM120mil & RM120mil respectively, with a total of RM440mil.

Thus, if all current OSKProp & PJDev shares are converted to OSKH's shares, guesstimated EPS for the enlarged OSKH will be 28sen (440/1566).

If we give OSKH a more conservative PE ratio of 8x, target price will be RM2.24. If PE is 10x, target price will be RM2.80.
Though warrant detail is not fixed yet, I think its exercise price is likely RM2 or slightly more than that. So there will probably be a 24sen to 80sen "profit" for each OSKH warrant held.

Without a shadow of a doubt, OSKH will turn into a major property developer with market cap of more than RM3bil which is 2 times higher than Tropicana's RM1.5bil now, though its RHB bank shares will still contribute about half of its net profit.

At current share price of RM2.19, OSKH looks fairly attractive especially with the 15sen special cash dividend and free warrants. Without these "sweets", the overall deal will not be that exciting for most OSKH shareholders I guess.

Posted by Goldkid > 2015-05-14 15:28 | Report Abuse

who is that @2.2

Posted by Boss88888 > 2015-05-14 15:47 | Report Abuse

my boss say will push to 3 !!

Posted by SinGor > 2015-05-14 16:19 | Report Abuse

Ikan bilis first to the Table (us) Then come the crocodile Then the Sharks Then the Whale sharks
and finally OLH

Posted by hanting999 > 2015-05-14 17:32 | Report Abuse

When all of this is settled and we receive our dues, I propose (at the EGM) to name the new company (consisting OSKH +OSKP +PJD) OLH PROPERTIES BERHAD. Any supporters?????

Posted by SinGor > 2015-05-14 17:40 | Report Abuse

OLH may offer you a job after the EGM

Posted by hanting999 > 2015-05-14 17:56 | Report Abuse

Dear SinGor, I ask for support; not rewards. At 3.00, I can retire for life.

Posted by SinGor > 2015-05-14 18:04 | Report Abuse

No retire! I need your money to support PJD. Bcos after this i am going to goreng PJD.
Price easy to go up bcos OLH no eye see PJD. So taiko not around--toy soldier can run
the show.

Posted by ImCK > 2015-05-14 18:08 | Report Abuse

singor huat liao i m waiting stupid shark throw down
just like awc throw how many i absorb how many
see they stupid or me stupid

Posted by SinGor > 2015-05-14 18:25 | Report Abuse

ImCK. Millions makes millions. One guy bought 8 millions shares 3 weeks before announcement
Maybe he is still buying at 2.17--2.22

Posted by r°Moi > 2015-05-15 08:17 | Report Abuse

o.. 8 millions... but OSK volume hardly 1 million for the past month...

Posted by r°Moi > 2015-05-15 08:19 | Report Abuse

Anyway... regardless la... the 52 week high at 2.56 to be taken out... is a matter of time

Posted by r°Moi > 2015-05-15 08:23 | Report Abuse

Play play play.... OSKs TA turning good... volume going up..... come on traders play play play

OSK... a counter with insurance policy

Posted by SinGor > 2015-05-15 09:26 | Report Abuse

Okay Not 3 week ago. Somewhere before April--4 million / Day (2 days) we were all very happy then. No moment after.

Posted by SinGor > 2015-05-15 11:17 | Report Abuse

Break 2.50 with no heavy selling is already a day for celebration. I hope ImCK will pump
his remain million to back up any downward pressure

Posted by Boss88888 > 2015-05-15 12:07 | Report Abuse

no prob la...very strong...going to break 2.30 soon..