Posted by sephiroth > 2013-06-21 21:56 | Report Abuse

Price of the 2 companies RM112.2m paid by cash of RM40.7m and RM71.5m shares (55 mil new shares issued at RM1.30) The 55m new shares will slighly dilute eps

Posted by 逍遥子 > 2013-06-21 22:00 | Report Abuse

Not only the EPS, The purchase will also dilute the NTA about $0.10/share !!

Besides the 55 mils share issue out as part of the purchase consideration, there will be another 15 mils share will be issued as private placement, both the issue price is $1.30.

The cash flow, debts and gearing position all are affected.

Posted by ask4more21 > 2013-06-21 22:01 | Report Abuse

But the profit of these 2 companies solely taken by Tambun and Earning could be higher right?

Posted by ask4more21 > 2013-06-21 22:05 | Report Abuse

55mil and 15mil private placement pay by Tambun or Director?still confusing..pls explain detail brother and how it affect eps,nta,gearing,etc pls.
Thanks.

Posted by 逍遥子 > 2013-06-21 22:08 | Report Abuse

Below is the details of the announcement/deal

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/FE04B5ED9DA4CED348257B91003AAE40/$File/Tambun%20-%20Announcement%2021%20June%202013.pdf

Posted by ask4more21 > 2013-06-21 22:11 | Report Abuse

I read the announcement but just not really understand how its affected eps nta gearing,etc..

Posted by 逍遥子 > 2013-06-21 22:25 | Report Abuse

All the position are tabled out in the announcement details.

Posted by 逍遥子 > 2013-06-22 12:27 | Report Abuse

http://bursadummy.blogspot.com/2013/06/pearl-city-100-belongs-to-tambun-indah.html

Posted by 逍遥子 > 2013-06-22 12:37 | Report Abuse

In long term the deal might be quite positive for Tambun, however this take time to unlock the value.

http://www.theedgeproperty.com/news-a-views/11284-tambun-indah-raises-stake-in-pearl-city-development.html

Posted by Gabriel Khoo > 2013-06-22 17:19 | Report Abuse

Did urs consider the additional earning from these two companies? And interest to be incurred as borrowing from bank. This eps for additional share is higher than exisitng one. I would said this will not diluted the overall eps

Posted by moneyking96 > 2013-06-22 17:36 | Report Abuse

will tambun fly on monday with this annoucement?

Posted by 逍遥子 > 2013-06-24 10:24 | Report Abuse

As expected, market react negatively on the deal for short term. Hopefully Tambun will post a very good 2nd Qtr results.

Posted by Ghaleon Teoh > 2013-06-24 14:47 | Report Abuse

where is the support?

Posted by hobson64 > 2013-06-24 14:51 | Report Abuse

Jittery mood where got support....Fed must come out and say something to calm the global markets.

Posted by Gabriel Khoo > 2013-06-24 20:41 | Report Abuse

Market did not react negative from this deal. It is on other issue. I.e. Global sentiment and dibs issue

Posted by Gabriel Khoo > 2013-06-24 20:42 | Report Abuse

As i said. Eps did not diluted. Analyst has reported

Posted by hermen1123 > 2013-06-24 20:43 | Report Abuse

hopefully i wont regret by holding u

Posted by monkey79 > 2013-06-24 21:07 | Report Abuse

time to buy more now?

Posted by garydonald21 > 2013-06-25 10:16 | Report Abuse

For short term... this share will stay around 1.35-1.45 but in mid term will be stay around 1.65 I belived... buy with holding power...

Posted by 逍遥子 > 2013-06-25 10:51 | Report Abuse

I rather think that it will hang around $1.30 +/- for short term. Mid term provided with a good 2nd Qtr results and stable market condition, the price might test $1.50. Anyway just my personal opinion.

Posted by garydonald21 > 2013-06-25 11:13 | Report Abuse

I think so... the source will boost the share price will be their 2nd qtr report... one more will be the announce of 2nd expressway from Jelapang Ipoh to 2nd Penang Bridge.

Posted by monkey79 > 2013-06-25 11:35 | Report Abuse

1.28 now? Good buy for long term?

Posted by martiniclub7 > 2013-06-25 13:43 | Report Abuse

i suggest not to yet. It may drop further, no sign of market recovery. Unless you are a risk taker then u can start collecting slowly?

Posted by monkey79 > 2013-06-25 14:13 | Report Abuse

Bought a lot at high price... Need to average down.. I'll wait then. Thanks martiniclub7

Posted by martiniclub7 > 2013-06-25 16:34 | Report Abuse

Asian market rebound.. i suggest buy abit to avg down. i somehow got a tingling feeling tonite dow will be green, once they green we surely power up! (HOPEFULLY!!)

Posted by garydonald21 > 2013-06-25 23:20 | Report Abuse

Is time to collect the quantities... as market will slowly recover...

Posted by 逍遥子 > 2013-06-26 00:52 | Report Abuse

Buy Buy Buy ! Mid term TP $1.5 still intact

Posted by Joon Yeen > 2013-06-26 08:33 | Report Abuse

would be much panic selling of contra player this few days, grab it fast!

Posted by tigerroar > 2013-06-26 10:04 | Report Abuse

What was the lowest and highest yesterday?

Posted by garydonald21 > 2013-06-26 10:52 | Report Abuse

Buy now.... before closing should hit nearly 1.30

Posted by cheebai > 2013-06-26 10:54 | Report Abuse

Holland ooi

Posted by tigerroar > 2013-06-26 11:07 | Report Abuse

It is heading south... and almost hit one month lowest at 1.23

Posted by hermen1123 > 2013-06-26 11:17 | Report Abuse

THE FUNDAMENTAL IS GOOD, JUST THE MARKET ARE NOT GOOD.
BETTER STAY AWAY FROM MARKET TILL IT REALLY STABLE.
AND GUESS WAT, NIKKIE GOES RED AGAIN~ LOL~

Posted by sean > 2013-06-26 13:46 | Report Abuse

shd i hold ths stock?

Posted by garydonald21 > 2013-06-26 15:02 | Report Abuse

what your last purchase price?????

Posted by Jeff Lim > 2013-06-26 15:38 | Report Abuse

Strong support at 1.20. Can start collect at price from 1.25 to 1.20 for rebound play...

Posted by 逍遥子 > 2013-06-26 15:47 | Report Abuse

I guess all is depend on is this is a short term trading or long term investing ???

Posted by sean > 2013-06-26 15:52 | Report Abuse

garydonald,i bought at 0.93

Posted by 逍遥子 > 2013-06-26 16:03 | Report Abuse

Then what is your expected return % for this investment ?? What is the value you think this counter worth ?? and hong long you willing to park your $$ with this counter ???

I guess after asking yourself these questions, maybe you will have a better idea on what is the next course !!

Posted by martiniclub7 > 2013-06-26 16:30 | Report Abuse

0.93? Then its really not worth jumping the ship now, because the 2 company they just bought are pretty good. So this further boost their company. Long term play ok, since ur not suffering any lost.. Be patient. =)

Posted by garydonald21 > 2013-06-26 16:37 | Report Abuse

Agree with 逍遥子, is depend how your point of value for this counter of cause your holding power too, this is a good counter with strong P&L, may still rise in mid term, don't expect 2 to 3 days business in this counter.

Posted by martiniclub7 > 2013-06-27 10:18 | Report Abuse

Power up!

Posted by 逍遥子 > 2013-06-27 12:18 | Report Abuse

Just to share some experience,

I bought Tambun around $0.83 and I start to lock some profit when the price shot up to $1.36-$1.40, I sold 40% of my holding just to play safe a bit. Where as I am planning to hold the remaining 60% for long term unless the company stop to show the expected growth % that I expected, or the big economy environment/Malaysia property market has some major changes.
I bought back some yesterday @ $1.25 (cause I think the price is attractive).

At the moment, I am still consider Tambun is undervalue cause :-

(1) Conservatively this year estimate EPS would be around $0.16 (included the the dilution of 70 mils newly issued share). With the PE 8 then the price should be $1.28, it the PE is 10 then the price should be $1.6 !

(2) Dividend yield %, assume with the EPS of $0.16 and 40% return rate then dividend with be 6.4 cents and the Div % would be around 5% ( I m using $1.28 as the current share price). which is reasonably good %.

(3) Additional plus point of the land bank in Batu Kawan, 2nd Penang Bridge and good pick up rate on the Pearl City's project, as well as recent 100% own up the subsidiary company from Nadayu.

Howeveras what garydonald21 said it take times to unlock the value, I am looking at 6-9 months time, maybe with some luck the price might test $1.5.

Besides, I have a friend bought Tambun around the same time and he sold 100% at the price of $1.40 and switch his $$ to other counter and overall he make better return % compare to me as at this moment.

So, the bottom line is, how to access the counter it depend on what is your investment style and your capital limitations & expectation.

Posted by martiniclub7 > 2013-06-28 09:19 | Report Abuse

Nicee.. success story. Tambun whenever you r able to collect at the right time will never go wrong. Lol i collected the wa at 35sens.. big chunk n chunk of them. But of cos i sold all already.. :) bought n sell, buy and sell again n again.

Posted by garydonald21 > 2013-06-28 11:55 | Report Abuse

So many people play contra in this counter....

Posted by freonsf > 2013-06-28 16:07 | Report Abuse

time to sell now??

Posted by Joon Yeen > 2013-06-28 22:21 | Report Abuse

no final dividend?

Posted by sean > 2013-06-29 21:47 | Report Abuse

Thanks for all the sifu advice. I will hold it.

Posted by skl_81 > 2013-07-04 16:22 | Report Abuse

Why Tambun on27/11/2012 until now still not yet give dividend for year 2013 ???

Posted by skl_81 > 2013-07-04 16:24 | Report Abuse

2012 year give 0.02 + 0.038 = 0.058 (base on 0.1493 is 40% dividend yield)