Daiman is selling at more than 50% to NTA. It has diverted into Hotels, Shoplot rental & office rental. This Daiman is now turning into a Solid Reit Nature.
Just hold tight. This Daimon is a Rock Solid Tsunami Shelter.
Agree with Cavin that this is a deep-valued & steady counter, but only suitable for long-term investors. I have held this counter for over 10 years. Looking for opportunity to top up. Dividend came down significantly last couple of years.
Posted by FAIRnREASONABLE > Sep 16, 2016 08:02 AM | Report Abuse
Agree with Cavin that this is a deep-valued & steady counter, but only suitable for long-term investors. I have held this counter for over 10 years. Looking for opportunity to top up. Dividend came down significantly last couple of years.
Good morning,
I know Daiman Co for 10 years already.
Bought Daiman at Rm1.20 long ago. I just added another 8,000 Daiman shares at Rm2.16.
Reason why Daiman is giving less dividend is due to their employment of Surplus Cash by buying Money Generating assets like Buying Landmark Building from JB Highcourt Auction - very smart move! And Daiman spent a fortune refurbishing it. This is a prime spot just like Pavilion in Bkt Bintang. Beside Landmark is Double Tree Hilton Hotel - also owned by Daiman.
Along J Jaya Main Road Daiman has built a row of Shops For Rental - very strategic! With 50,000 sq ft Up Coming Ikea in Tebrau just less than 500 meter away Daiman's rental shops will increase in value exponentially.
Another Building is Located Right Across South Key Megamall in JB City. Public Bank is the anchor tenant.
Daiman might turn into a Reit/Bond Like Type of Company. And Dividends will rise again in future. To me Daiman is an undiscovered Daimond in the making.
One more thing. Chin Hin just bought a piece of land in Kota Tinggi. They paid Rm10.00 psf for it. Total cost Rm22 millions. Daiman has 2,450 acres freehold prime housing &commercial land here. Getting more and more valuable by the day. Book value still at less than Rm3.00 psf. If revalued It will be a very Rm1 bilions. I think Daiman's NTA if revalued Should be Rm18.00. So buying Rm2.16 is a Real No Brainer Buy!
Hi Calvin, can you share with us how you gt the value Rm 18.00?
Calvin has to go back 8 years to retrace all the lands, hotel, office, shophouses I have gone to see. I still keep some land plans which Daiman Mr. Chua gave me. Those semi dee lands sold of only Rm25 psf. The semi dees were 3,400 sf. I wanted to buy one piece but Daiman refused to sell me. They wanted me to buy 2 semi dees which equal to a 6,800 sg ft bungalow plot. In the end all were sold out.
I spoke to Mr. Chua in Sentosa Complex years back about Tmn Gaya's Semi D cluster house going for only Rm285K a unit. Today these houses are going at Rm700K a unit. So over the years all houses & lands sold have appreciated in value. And if you go take a look at Daiman's Properties (Listed near the end of the Annual Report) Daiman's assets are still listed at ancient book value. Example is one acre housing land listed at only Rm19,000.
Actually the 1 acre land already subdivided into 22 housing units. Daiman thinks too small to build so they want to sell it.
Daiman's book value is? Hmm?
43560 (1 acre) divided by Rm19,000 = 43 cts psf!!!
Wow! Daiman refused to sell to me at Rm15 psf. If sold the profit is?
Rm15 x 43560 = Rm653,400 - Rm19,000 = Rm634,400!!!
How many per cent?
So divide Rm634,400 by Rm19,000 = That 33,000% PROFIT!! AMAZING!!
And all the lands and assets of Daiman are similar. Truly Mind Blowing. No wonder Insiders dared to buy from open Mkt at Rm2.30!
Wow! I think NTA at Rm18 is still way to low. Daiman is a rare 100 carat diamond indeed!!!
Iskandar receives Rm32 billions investment for year 2015's FDI. This is the total of Penang, Selangor, Sarawak & Melaka combined! This will create huge demand for Daiman's lands for both commercial & residential use. Daiman's asset value is bound to go higher for years to come
One major concern in Bursa is that the minority shareholders can be forced to sell out at subdued transaction prices average over a down period. Often, just when small investors are cheerful to see the bright light at the end of long dark tunnel, the controlling shareholders would force and unfair & unreasonable take-over. Our value-investors' long wait may come to nothing. It is sad that we the small investors are not protected by the necessary regulations.
I attended Daiman AGM before, and so far found the management/controlling team reasonable people. Hopefully it is a long-term win-win relationship.
The parties concerned should make this company a private company at a price of RM6 per share now or take over the company at a price of RM18 per share in the future..
The state pension fund such as Tabung Haji, EPF should buy shares of companies with high quality such as shares of DAIMAN to provide a high profit on its investment.
The company should value the loyal investors by awarding a special dividend or bonus shares to them. Investor who invested in July 2014 was a loss of 45% of the value of their investment. Thank you.
Daiman is several times better than IWC. Today the IWC's share price have soured up to the limit. Is the Daiman's stock price will also limit up in the near future?
I looked at the March 8 announcement of changes in director's interest of Tay Thiam Song.
He has 1.489% direct holding and 49.887% indirect holding. His combined holding exceeds 50%. Shouldn't the 50% plus 1 rule triggers the mandatory offer?
Hi FairnReasonable, you should read the SC code on Take-overs & Mergers 2016.
Mandatory Offers As the name suggests, a mandatory offer is one which a bidder is compelled to make by law. A bidder triggers the obligation to extend a mandatory offer to acquire all the shares of the Target which he or persons acting in concert with him do not, already own if the bidder, together with persons acting in concert with him:
(a) acquires more than 33% of a company (i.e. obtains control)
(b) triggers the ‘creeping threshold’ (holds between 33% and 50% of the voting shares or voting rights, and acquires more than 2% of the voting shares or voting rights in any period of 6 months); or
(c) acquires between 20% and 33% of the target's voting shares and the SC exercises its discretion to trigger the mandatory general offer requirements.
I am still not too clear how (b) is being applied. It seems that when one holds just below 50%, he can slowly increase his holding to any limit (over a period of 6 months) and not triggering a mandatory offer.
Example, (b) seems to imply that if one has 49.99%, and then proceed to acquire more than 2% in any period of 6 months, then there is a mandatory offer.
On the other hand, if one has 49.99%, and then proceed to acquire more than 2% SLOWLY IN A PERIOD OVER 6 MONTHS, then there is NO REQUIREMENT FOR a mandatory offer. ???
In Daiman's case, Mr Tay's stake (direct and indirect) is already above 50% and he/his family have always being in 'control'. MGO only applies when there is a 'change' in control. There are some changes in 2016 for Code on Take-overs and Mergers.
Looks like not many investors, fund managers and speculators are interested in this looks good but lack of umm counter. NA above 5 but price is only around 2.20.
Mahu tahu sokongan rakyat padu atau tidak terhadap PM kita ini, senang shj. Perhatikan prestasi harga saham ini. Jika harga saham ini naik sehingga RM3 atau melebihi RM3 sebelum PRU14 ini, menandakan PM kita ini mendapat sokongan padu drpd rakyat. Peluang menang PRU14 ini 99%.
I remember when i bought Choobee, people keep saying its slow etc etc. How it wont go up. And if im honest, it didnt feel good, seeing people who goreng iwcity, gadang, malton etc making so much money.
About 2 months after the IWCITY fly up, my choobee went up 30%. IWCITY gapped down 2 times from RM3 to RM1.6 killing dunno how many people.
My reason for buying choobee and this is almost the same, severely undervalued, management is making money through div and share increase, not salary. Constant div payouts, low debt.
this stock must ask datuk calvin, from Johor and datuk calvin likes laggards,everyday no open shop counter with huge landbanks and NTA very high.....hahaha
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....
dg123
72 posts
Posted by dg123 > 2014-06-25 12:04 | Report Abuse
got bonus issue?