Posted by kakashit > 2015-07-28 22:33 | Report Abuse

result gonna out, very expecting

Posted by nice1 > 2015-07-29 08:56 | Report Abuse

someone is buying quietly, free float is getting smaller and smaller, much more easy to goreng

Posted by nice1 > 2015-07-29 15:57 | Report Abuse

2.0 +0.15

Posted by nice1 > 2015-07-29 16:04 | Report Abuse

hope is corporate restructuring or takeover, with much better upside than just bonus

Posted by nice1 > 2015-07-29 17:13 | Report Abuse

good show today
keep up the good goring work

Posted by nice1 > 2015-07-29 19:37 | Report Abuse

The Company has today received a letter from KAF Investment Bank Berhad, stating that it will be entering into a material corporate transaction involving KAFSC.

In view of this development, the Company has today requested for the suspension in the trading of its securities from 9.00 a.m. to 5.00 p.m. on Thursday, 30 July 2015 pending a material announcement to be made.

The request for suspension is made pursuant to paragraphs 16.03 and 3.1(b) of Practice Note 2 on Requests for Suspension, of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 29 July 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4814357

Posted by nice1 > 2015-07-29 19:39 | Report Abuse

Kaunter suspended for tmrow thursday, pending material announcement
Likely merger between KAF investment and KAFSC

Posted by nice1 > 2015-07-29 19:49 | Report Abuse

http://www.theedgemarkets.com/en/article/kaf-seagroatt-campbell-may-be-taken-private-source

KLUMPUR (July 29): KAF-Seagroatt & Campbell Bhd ( Financial Dashboard)'s director and largest shareholder Datuk Khatijah Ahmad with a 73.33% stake, is expected to take the FINANCIAL services group private, according to a source familiar with the matter.

It isn't clear as to how much Khatijah would pay to buy the rest of the group. However, its shares are currently TRADING at RM2.08, above their net asset value per share of RM2.0366 as at Feb 28, 2015.

KAF-Seagroatt & Campbell requested today for the suspension in the TRADING of its securities tomorrow (July 30), pending a material announcement.

In a filing with Bursa Malaysia, KAF-Seagroatt & Campbell (fundamental: 1.45; valuation: 2) said it has today received a letter from KAF INVESTMENT Bank Bhd, stating it will be entering into a material corporate transaction involving KAF-Seagrott & Campbell.

KAF-Seagroatt & Campbell operates its business through four main subsidiaries — KAF INVESTMENT Bank, KAF Seagroatt & Campbell Bhd, KAF Fund Management Sdn Bhd and KAF Trustee Bhd.

The last time takeover speculation was doing the rounds was in December 2011, when The Edge Weekly reported that a Singapore bank was keen on acquiring KAF-Seagroatt & Campbell Bhd’s securities business. Bloomberg had then reported that Singapore-based OCBC ( Financial Dashboard) was eyeing to buy a 49% stake in the BROKERAGE business, at a price equivalent to 1.3 to 1.4 times book value.

For the nine months period ended Feb 28, 2015 (9MFY15), the group saw its net profit plunge 63.3% to RM4.99 million, from RM13.59 million a year ago, mainly due to lower brokerage and management fees income generated by the STOCKBROKING and asset management segments, respectively. Revenue for 9MFY15 also fell 19.3% to RM30.73 million, from RM38.09 million in 9MFY14.

The counter was highlighted as a STOCK with negative momentum by The Edge Research today.

KAF-Seagroatt & Campbell’s SHARE PRICE has been on an uptrend since last week, gaining 28 sen or 16% from its closing of RM1.80 on July 22.

Today, it gained 23 sen or 12% to close at RM2.08, giving it a MARKET capitalisation of RM222 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a STOCK is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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Posted by nice1 > 2015-07-30 06:50 | Report Abuse

If privatized, hope the offer price is acceptable to minority shareholders

NTA 2.03, excluding revaluation of property in KL and NS, easily another 60 to 70cts

Assuming price at 1.4 times x 2.03 =2.84 + 0.65cts (property) = 3.50 is a fair price

any price less than 3.0 is unfair

Posted by nice1 > 2015-07-30 19:01 | Report Abuse

PROPOSED ACQUISITION BY KAF INVESTMENT BANK BERHAD (“KAFIB”) OF 92,090,000 ORDINARY SHARES OF RM1.00 EACH IN KAF-SEAGROATT & CAMPBELL BERHAD (“KAFSC”) (“KAFSC SHARE(S)”), REPRESENTING APPROXIMATELY 76.74% EQUITY INTEREST IN KAFSC (“SALE SHARE(S)”) FROM AKKA SDN BHD, AKKA HOLDINGS SDN BHD, DATUK KHATIJAH BINTI AHMAD AND THARIQ USMAN BIN AHMAD (COLLECTIVELY REFERRED TO AS “VENDORS”) FOR A TOTAL CASH CONSIDERATION OF RM248,643,000 OR RM2.70 PER KAFSC SHARE (“PROPOSED ACQUISITION”); AND UPON COMPLETION OF THE PROPOSED ACQUISITION
PROPOSED MANDATORY GENERAL OFFER (“MGO”) FOR ALL THE REMAINING KAFSC SHARES NOT ALREADY OWNED BY KAFIB AFTER THE PROPOSED ACQUISITION FOR A CASH CONSIDERATION OF RM2.70 PER KAFSC SHARE (“PROPOSED MGO”).
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)



The Board of Directors of KAFSC wishes to announce that the Company has today received a notice from KAFIB in relation to the Proposals (“Notice”) in accordance with Section 11(1) of the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”) and Paragraph 1.1(a)(iii) of Practice Note 11 of the Code. KAFIB has informed that, pursuant to Section 218(2) of the Capital Markets & Services Act, 2007 and Section 9(1), Part III of the Code, KAFIB will be obliged to extend the MGO to the shareholders of KAFSC for the remaining KAFSC Shares not already owned by it, upon the Proposed Acquisition becoming unconditional.

Please find enclosed the Notice in relation to the Proposals. This announcement is made in compliance with Section 11(2) of the Code.

This Announcement is dated 30 July 2015.

Posted by Luna Kai > 2015-07-30 19:07 | Report Abuse

More than 50%, this is unconditional cash offer right?

Posted by nice1 > 2015-07-30 19:20 | Report Abuse

offer price rm2.70 is a dissappointment but expected

Posted by nice1 > 2015-07-31 06:49 | Report Abuse

Minority shareholders around 24% shud reject the under price offer of 2.70.
Seek a higher price.

Hope to see a Dr Yu aka minority shareholder of HL Capital - offer price around 1.80 but the share ended up above 12.00, ha ha



nice1 If privatized, hope the offer price is acceptable to minority shareholders

NTA 2.03, excluding revaluation of property in KL and NS, easily another 60 to 70cts

Assuming price at 1.4 times x 2.03 =2.84 + 0.65cts (property) = 3.50 is a fair price

any price less than 3.0 is unfair

30/07/2015 06:50

Posted by nice1 > 2015-07-31 07:34 | Report Abuse

Reject, this is plain oppression of minority shareholders by the majority

whatever the capital appreciation of property value for the past 20 yrs is not share with minority, what nonsense?

we shud also write to Minority WatchGroup to help fight this case



Posted by Goodstock > Jul 31, 2015 07:29 AM | Report Abuse

I would not accept the unreasonable offer price unless it is above RM3.50/=. All minority shareholders, let's fight for a fair offer price or else REJECT the MGO by the major shareholders.

Posted by nice1 > 2015-07-31 08:36 | Report Abuse

I got the email address and phone no. from Minority Shareholders WatchGroup

email - mswg.ceo@mswg.org.my
phone no. 03 - 20709090

all minority shud complain to MSWG about unfair and oppressive major shareholders

Posted by Lucas Chan > 2015-07-31 08:59 | Report Abuse

will fly these few days??

Posted by kokleong5127 > 2015-07-31 09:33 | Report Abuse

dumb unreasonable offer

Posted by ketupatlazat > 2015-07-31 09:57 | Report Abuse

minority shareholders cant do s*** on old lady's decision. She is too wealthy and well-connected.

Posted by chiowmin > 2015-07-31 10:40 | Report Abuse

minority got power to reject? as it already stated "minotity shareholder"...i wonder...normally i heard is major shareholder only got power to reject...

Posted by chiowmin > 2015-07-31 11:07 | Report Abuse

they can force us to sell without our agreement rite?

Posted by Luna Kai > 2015-07-31 11:58 | Report Abuse

If over 90% major share holder hold, you need to sell it.
less than that, you can keep it.

Posted by nice1 > 2015-07-31 15:16 | Report Abuse

Reject the offer

Minority shud hold and seek higher price eg HL Capital and Delloyd

Posted by calvintaneng > 2015-07-31 16:36 | Report Abuse

Dear Bullish Friends at KAF,

All of you are smart to buy before privatisation news is out. Those who chased today please be careful.

I once bought all Security firms like TA, Insas, Kenanga, PM & KAF.

KAF was selling below cash then. One day I think company offered below Rm1.50 to take KAF private & was rejected.


At current price of over RM2.60 now it looks attractive enough. If I am you I will accept the offer (Note: I don't own any security firm shares now)

Last time Southern Steel offered to take Company private at Rm2.10. All rejected the offer. Today Southern Steel has fallen by 50%!

So is Perak Corp. People rejected Perak Corp privatisation at Rm3.90.
It later crashed below Rm2.50 and rebounded. Note: Last time Calvin bought Perak Corp at 60 cents when Nobody wanted

So I think it best not to be too greedy.

Regards,

By Calvin Tan Research

Jurong West Singapore

Posted by Prcmenon Menon > 2015-07-31 17:25 | Report Abuse

I sold mine today at 2.61 ....happy to take profit since bot at 1.72.

Posted by nice1 > 2015-07-31 20:08 | Report Abuse

Today, about 2000 lots done and the share price already gone up by 53cts.

Minority shareholders comprised 24% of paid up capital holding 28 million shares.

Thin trading volume showed that few minority shareholders are actually selling.

Majority of the minority shareholders are actually holding the shares for long term for steady dividend yearly and the company is cash rich with 200 m and land banks now valued increased to more than 100m.

Khatijah has been planning to restructure her business group since 6 yrs ago, based on rumours circulating at that time, until finally decided to announced takeover yesterday.

I think KA is seriously keen to takeover KAF S&C to restructure her business group and to eventually list KAF Investment Group ...

As such, minority shareholders shud reject the offer 2.70 and seek higher price as the land bank held by the company had appreciated by 80 m.

Delloyed Venture was privatised last year at much higher price than first offered price as the company land banks have appreciated with good development potential. The same with KAF S&C.

Posted by tonylim > 2015-07-31 23:12 | Report Abuse

Nice1
The recent one being bcb bhd offered at rm 1
The offeror must be mad to offer rm 1
The price shot back to 130 this And last week.

Ridiculous. I rode on the final offer price on delloyds
Bandaraya had its good times too for people like us

Posted by nice1 > 2015-08-01 13:13 | Report Abuse

INVESTORS now are much knowledgeable and know the value of each company. Minorities have to fight and seek a fair value

Speculators and traders will also jump in the bandvagon if they find offer price is below fair value and chance to MAKE good MONEY. One such investor is Dr Yu Vs HL Capital

this will push the price above offer price and force offerer to REVISE price upward

Posted by Bricks > 2015-08-01 17:03 | Report Abuse

Hey guys, I just made a post about this corporate exercise and I would be really grateful if you guys can share with me your opinion on this.

https://clementting.wordpress.com/2015/08/01/getting-a-1-year-fixed-deposit-rate-in-3-months/

Cheers

Posted by nice1 > 2015-08-02 09:10 | Report Abuse

At the moment, info is still lacking whether there is plan to delist the company although it is more likely heading that way than not. that is the risk and thus the 10 cts gap. more info will be released subsequently.

I guess, chances of delisted is high as KA already owned 77% and unknown % of friendly parties in the minority group.

Now is good time for KA to restructure KAF group and develop its lands at Kia Peng and Pork Diskson too.

It is a matter of pricing to satisfy the minority. Unless, KA wants to keep the company to be listed, which i think is unlikely

As mentioned by Tony, BCB share price already shot to 1.30, above offer price of 1.0. this will happen if shareholders and investors sense that there is more value in the company than the offer price

Posted by calvintaneng > 2015-08-02 09:14 | Report Abuse

Sunday is here again!

Go see www.chick.com

Posted by nice1 > 2015-08-02 11:34 | Report Abuse

You dont have to envy us, you have many good stocks, eg MP Corp PN17


Posted by calvintaneng > Aug 2, 2015 09:14 AM | Report Abuse

Sunday is here again!

Go see www.chick.com

Posted by calvintaneng > 2015-08-02 13:00 | Report Abuse

Nice1

No envy. Not at all. Happy for all who made wise decisions. Mp Corp is still a work in progress. Wait for the end result. Then only all will know.

Once again go see www.chick.com

Posted by nice1 > 2015-08-05 19:31 | Report Abuse

Hunza hits 5-year high on revised privatisation offer
Published: 5 August 2015 11:28 AM


Hunza Properties Bhd rose by 14 sen this morning to a five-year high of RM2.77, as the group announced yesterday that its major shareholder has revised its offer price for the proposed privatisation of the Penang-based property firm to RM2.90 a SHARE, from RM2.50 previously.

Hunza said it had received a letter yesterday from Khor Teng Tong Holdings Sdn Bhd to revise the offer price for the proposed selective capital reduction and repayment (SCR) to RM2.90 for each existing Hunza SHARE held by the entitled shareholders, or RM267.6 million in total, from RM230.7 million previously.

To recap, Khor Teng Tong Holdings had in March this year expressed its intention to take Hunza private through an SCR. Khor Teng Tong Holdings and its parties acting in concert now collectively hold a 59% stake in Hunza.



Hunza’s other substantial shareholders are Lembaga Tabung Haji, which owns 7.28%, and Yayasan Bumiputra Pulau Pinang (6.45%).
At 10.14am today, Hunza shares were TRADING up 4.1% at RM2.74, with 1.07 million shares traded. – The Edge Markets, August 5, 2015.

Posted by nice1 > 2015-08-05 19:49 | Report Abuse

Today news, Hunza property counter is one good example, privatisation offer price increased from 2.50 to 2.90 from offerer

It is absolutely normal for major shareholder to take advantage of minority in such situation

However, if minority group put up a good challenge, the offerer will revise up the price

Posted by nice1 > 2015-08-07 14:58 | Report Abuse

sign of accumulation at 2.60/2.61.
10 cts difference is 3.7% for 3 months period, if there is revised offer, the return can multiply
good bet

Posted by Bricks > 2015-08-13 17:54 | Report Abuse

Unless management wants to maintain the company's listing which I highly doubt, I do not think there will be a revised offer. KAF public spread is below 25%. Its either you take up the offer of selling at RM2.70 and earn that 9 or 10 sens, or u hold unlisted shares when the company gets delisted. Below is a good example.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4826729

I am however surprised that the gap is still at 9 or 10 sens so I may be missing out on something. 3.4% in 2 months is amazing. I see a free money opportunity here but please correct me if you think otherwise.

Posted by nice1 > 2015-08-14 14:44 | Report Abuse

good performance 2.65, signs of accumulation around 2.60/2.61
may go above 2.70 soon?

Posted by nice1 > 2015-08-14 17:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4827669


KA already buyback 600k lots

Posted by nice1 > 2015-08-15 16:15 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/08/15/The-Iron-Lady-of-KAF/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/08/15/KAFs-move-to-take-broking-arm-private-is-fair/?style=biz

Posted by nice1 > 2015-08-22 10:38 | Report Abuse

KA now has 92.5m, another director 4.0m, total around 96.5m
KA can easily secured 100m out of 120m shares
The range i predict will be from 82% to 85%

Posted by nice1 > 2015-09-09 06:47 | Report Abuse

KA need 90% to delist KAF

8.9.2015

OSK ended up with 89.36% of PJD, hence falling short of the required acceptance level to take the company off Bursa Malaysia.

OSK had 31.03% when it made the offer for PJD’s shares and warrants at RM1.56 and 60 sen each, respectively.

Under the takeover regulations, an offeror needs an acceptance of 90% of the shares that it does not own at the point of making the offer to compulsorily acquire the remaining equity in the company.

For OSK to reach this level, it needed about 93% of total shareholders’ acceptance.

PJD’s public shareholding spread based on the valid acceptances verified and received by the registrar for the takeover offer by OSK yesterday was 10.62%.

However, PJD did not comply with the public shareholding spread requirement of the Main Market listing requirements, which states that at least 25% of its total listed shares (excluding treasury shares) must be owned by public shareholders.

MIDF Research in its recent report opined that the PJD acquisition and the takeover offer were beneficial to OSK and in line with its business strategy to diversify into property development, construction, manufacturing and the trading of cables and building materials, as well as the hotel and leisure business.

MIDF said based on the offer document, it was not the intention of OSK to privatise PJD, unless sufficient valid acceptances were obtained to invoke the compulsory acquisitions as set out in the document.

The trading of OSK Property Holdings Bhd (OSK Prop) will be suspended effective 9am on Oct 22, as its public shareholding spread fell below the 25% requirement set by Bursa Securities.

OSK Prop declared its suspension yesterday in a filing with the stock exchange after its public shareholding only stood at 5.92%.

The group must ensure that at least 25% of its shares are in the hands of public shareholders for Bursa Securities to lift the suspension.

The buyout deals of OSK Prop and PJD had been declared by OSK Holdings chief executive officer and group managing director Tan Sri Ong Leong Huat (pic) last October, as part of his grand plan of creating a mega property company.

It was reported that the offer prices for OSK Prop and PJD shares were 11.9% and 10.1% below what they were trading at.

The buyout price for PJD shares was also at a significant 37% discount to its net asset value per share. The proposed buyout, in which minorities are being offered shares in OSK Holdings or a cash option, naturally sent the shares of OSK Prop and PJD falling, after a notable run-up just weeks before.

If the merger materialises, then the mega property company would have an asset size of RM6bil, shareholders’ funds of RM4.9bil, and a recurring net income of some RM386mil, which is expected to grow to RM410mil in financial year 2015.

Posted by nice1 > 2015-09-09 08:15 | Report Abuse

hope kaf can be privatized at higher price

Posted by nice1 > 2015-09-22 12:36 | Report Abuse

hello guys, are u all still holding the shares
or already sold during the market turmoil?
just kpc

Posted by kakashit > 2015-10-17 11:37 | Report Abuse

yes, im still holding, why:

it has a peace of precious land at Jln Kiapeng, bought in decades ago

it has 1+1 broker license, which deemed to hv infinite useful life.

Khatijah is old enough, need to dabao the biz and sell away.

Overseas brokers are seeking to buyout local brokers to expand their biz in overseas.

Why Malaysia? Coz MY has the most well-established financial market in the emerging market,

So what do u nid to do, hold tight, seat down and sip a cup of coffee

Posted by nice1 > 2015-10-17 11:56 | Report Abuse

yeah, good, I am still holding the shares
hoping for higher takeover price

I am sure they will privatize the company, its a matter of pricing
KAF Investment already sold their fund management buz to Amundi and KAF S&C bought new fund management 1-2 yrs ago, guess they want to consolidate this buz and the lands too

many old timers holding this shares for more than 20 yrs since listing days, I am sure they wont let go at low price too

Posted by nice1 > 2015-10-27 08:18 | Report Abuse

SPA extended to 31/11, another month to go
just unbelievable that the old lady need time extension for a deal selling from left hand to right hand
old tricks die hard

Posted by nice1 > 2015-11-19 19:33 | Report Abuse

Annual General Meeting
Description KAF-Seagroatt & Campbell Berhad
- Twenty-Fifth Annual General Meeting

Date of Meeting 25 Nov 2015
Time 11:00 AM
Venue Taming Sari 3, Ground Floor, The Royale Chulan Kuala Lumpur, 5 Jalan Conlay, 50450 Kuala Lumpur

Date of General Meeting Record of Depositors 18 Nov 2015


AGM ON 25/11, WHO IS GOING?

AGM IS GOOD TIME TO BOMBARD THEM WITH QUESTIONS ON TAKEOVER AND PRICING

COME COME FOR FREE MAKAN MAKAN, CHIT CHAT & KAYPOEING AND BOMBARDING

Posted by nice1 > 2015-11-21 09:35 | Report Abuse

Invitation to all shareholders to attend AGM for free makan makan, and bombard the directors on takeover pricing

COME COME TO PARTY

Posted by nice1 > 2015-11-24 07:27 | Report Abuse

INVITATION to all shareholders to attend AGM for free makan makan, and bombard the directors on takeover pricing

COME COME TO PARTY

KA has 78% stake, minority 22%, below 25% spread required by Bursa. Credit Suisse purchased about 4.5m shares recently, the largest minority shareholder, surely want higher profit. Credit Suisse purchase price ranged easily from 1.80 to 2.60, their job is to make more money from their investment. money, money money....

KA need another 12% from minority shareholders to take the company private, minimum threshold is 90%. To acquire another 12% is not easy as the shares are tightly held by many senior investors if you had attended previous AGM - mostly are not young investors, held the shares for dividend for decades

KA needs to take the company private for few reasons mentioned before but minority investors can hold for dividend. KA also want to pay LESS LESS LESS TO MINORITY to take the company private for very same human reasons though she is a billionaire and not really young, also money money money... People just wont get sick of too much money...

The extended SPA for the takeover on 30/11, just 3 days after AGM, for KA to test water on minority investors sentiment towards the takeover pricing.

Your attendance at AGM, YOUR objections & voices on the takeover price do count

Let us together hold them at ransom for a higher price, also for small money, money money though we minority are just ikan bilis out to get fair price....

Posted by nice1 > 2015-11-24 08:30 | Report Abuse

AGM tomorrow 25/11, 11am
The Royale Chulan KL