Posted by xetambaya > 2021-03-23 16:09 | Report Abuse

back to rm 2 this week

Posted by ucrst2140q > 2021-03-23 16:12 | Report Abuse

Independent adviser recommends shareholders reject ‘not fair, not reasonable’ Pimpinan Ehsan takeover offer

KUALA LUMPUR (March 22): The takeover offer of Pimpinan Ehsan Bhd (PEB) at a cash offer price of RM1.07 a share by Pitahaya (M) Sdn Bhd is deemed not fair and not reasonable, according to independent adviser TA Securities Holdings Bhd.

PEB’s four non-interested directors Shamsiah Hashim @ Abu Bakar, Ibrahim Topaiwah, Jumsi Batri and Mohammad Emir Taufiq Ahmad @ Ahmad Mustapha concurred with the adviser’s evaluation and recommendation to reject the takeover offer.

“The offer is ‘not fair’ in view that although the offer price is higher than the estimated value and market prices of PEB shares up to the LTD [last trading day], the offer price is lower than the market prices of PEB shares after the LTD and up to the LPD [latest practicable date],” said the independent adviser in a circular note today.

Posted by ucrst2140q > 2021-03-23 16:12 | Report Abuse

The offer price is higher than the daily volume weighted average price (VWAP) of PEB shares since the listing and up to the LPD of March 15, 2021, representing a premium of seven sen (7%) over its last traded market price on the LTD of Feb 18, 2021, and a premium of between 7.81 sen (7.87%) and 11.15 sen (11.63%) over the five-day, one-month, three-month, six-month and one-year VWAPs up to the LTD.

TA Securities said the offer is not reasonable as PEB shares will remain tradable on the Main Market of Bursa Securities and hence, the holders will still have the opportunity to realise their investment in PEB shares at the prevailing market prices in the open market after the closing date (although there is no assurance that PEB shares will continue to trade at the current price levels and trading volume after the closing date).

“The offeror and ultimate offeror intend to maintain the listing status of PEB on the Main Market of Bursa Securities.

Posted by ucrst2140q > 2021-03-23 16:12 | Report Abuse

“The offeror and ultimate offeror do not intend to invoke the provisions of Section 222(1) of the CMSA [Capital Markets and Services Act] to compulsorily acquire any remaining offer shares for which valid acceptances have not been received before the closing date even if the conditions stipulated in Section 222(1) of the CMSA are fulfilled.

“Premised on the above and the evaluation of the offer by TA Securities, TA Securities is of the view that the offer is ‘not fair’ and ‘not reasonable’. Accordingly, TA Securities recommends that you ‘reject’ the offer,” it said.

On Feb 19, PEB announced that it had received a notice of unconditional mandatory takeover offer from Pitahaya after Pitahaya together with the parties acting in concert with the company acquired a total of 45.29 million shares, representing approximately 65.5% of the equity interest in PEB.

Posted by ucrst2140q > 2021-03-23 16:13 | Report Abuse

The group noted Pitahaya is offering RM1.07 per share in PEB, to be satisfied entirely in cash, representing the highest price paid by Pitahaya for the purchase of the PEB shares.

At the time of writing today, shares of PEB had fallen four sen or 2.72% to RM1.43, valuing the group at RM98.85 million.

https://www.theedgemarkets.com/article/independent-adviser-recommends-shareholders-reject-not-fair-not-reasonable-pimpinan-ehsan

Posted by finsolution > 2021-03-24 12:08 | Report Abuse

第一个问题： PEB的反向收购是炒作或炒股价吗？

我的观点： Ciruela Sdn. Bhd. 或其最大股东,Lim Beng Guan 和其 PAC 每股RM 1.07的价格收购了PEB 65.5%的股份。 这触发了强制性全面收购建议条例，并以 RM 1.07 的价格向其他的股东收购剩余的股份。

新股东们还以现金方式支付了约 RM 48.5m 的股份。 他们是否会为了炒股而花费了 RM 50m？ 对我来说， 没有什么是不可能的， 但是新股东们将如何出售暴涨后高达 65.5% 的股权呢？显而易见的，这是非常困难的。

因此，PEB的反向收购存在炒作因素的可能性甚低。

Posted by finsolution > 2021-03-24 12:09 | Report Abuse

第二个问题： PEB的估值问题， 现在PEB被高估了吗？

我的观点： 这确实是一个开放性问题。 我们先研究在2020年至2021年中成功进行反向收购的公司，LAGENDA, Kerjaya Prospek 和即将进行RTO的 GRANFLO的股价走势。 在反向收购刚开始时，股价波动持平， 但是股价都在短短的一至两年内平均增长了100%， 并实际上为投资者们带来了41.42％的复合增长率。

目前还能找得到拥有此优势的公司吗？ 这是当然的，如果你打算入股 PEB, 你目前的风险受到了限制。 理由在于公司持有者和PAC拥有公司 65.5% 的股份，因此当前的PEB股东都比你更关心股价！

那么PEB现在是被低估了还是被高估了？ 我对此没有正确的答案， 我们还是等待TA Securities 给我们正确的最终估值。

Posted by finsolution > 2021-03-24 12:09 | Report Abuse

第三个问题： 这家太阳能公司真的值钱吗？

我的观点： Rondy 先生在文章中指出， 将要被注入 PEB 的 reNikola 拥有3处已运行的太阳能厂，其总发电量为88 MWp。 在reNikola的官方网站上所提供的RAM报告已公布reNikola与TNB签订了购电协议，这在能源产业是很普遍的协议。

这证明了reNikola是一家正当营业的公司吗？

大家可能对于reNikola还没完成的330 MWp 黑木山发电厂有些疑问。 市场能消化那么多绿色能源吗？ reNikola的管理层已为此做好了准备，黑木山发电厂准备为大型企业提供能源。 想必读者们已经注意到越来越多的公司正在关注着ESG的发展。 这是其中一个基金管理的未来趋势，如果你希望基金购买你公司的股票，拥有ESG（环境、社会和公司治理）将是个优势。

Posted by finsolution > 2021-03-24 12:09 | Report Abuse

第四个问题： 如果PEB是间好公司，那这是个无风险的投资吗？

我的观点： 这世界并没有所谓的无风险投资。 没风险的投资则肯定是个骗局。 现在投资PEB将面临多种风险,包括反向收购可能会失败，股价的波动以及交易流动性低。 当然，最大的风险仍然是反向收购是否可以通过。

在论坛上有些误导性的流言，流言提到说若反向收购在 2021 年 6 月时不获批准， PEB将会被马来西亚股票交易所除名。 在这里我想指出，上市公司可以延长反向收购所需的时间， 而且PEB属于一家 PN 16 公司，而不是PN 17 公司。 若反向收购被延迟了，作为净现金公司的 PN 16 公司无法被这样退市。

我认为一旦反向收购成功后，股价的波动性以及低流动性问题将被解决。让我们拭目以待吧。

Posted by finsolution > 2021-03-24 12:09 | Report Abuse

结论： 目前为止，我们并没有方法来认定PEB是不是个骗局。 但是，我们可以根据公司所提供的公开信息以及对股份的一些常识判断， PEB的反向收购计划将会成功。 基于对最近的反向收购案例的研究与个人经验，我们以后一定没有机会在更便宜的价格入股，时机已过了，就没机会了。

话虽如此， 投资者们都没法预测反向收购的结果以及股价的变动。希望大家们理性分析并做出明智的投资决策。

Posted by finsolution > 2021-03-24 12:09 | Report Abuse

https://klse.i3investor.com/blogs/truthfinder2021/2021-03-24-story-h1542957382.jsp

Posted by fscprops > 2021-03-25 14:41 | Report Abuse

thanks for sharing, really good insight

Posted by winetime > 2021-03-25 16:46 | Report Abuse

slight rebound today, prove that there is still buying power remain in the market

Posted by winetime > 2021-03-25 16:47 | Report Abuse

Back to 2.00 next week?

Posted by xetambaya > 2021-03-26 16:32 | Report Abuse

close green today and bounce back to 2.00 next week

Posted by PureBULL ... > 2021-03-28 16:11 | Report Abuse

BLUE OCEAN STRATEGY
by Korean Harvard Prof applies well in stocks.

The # 3 BEST way i.e. NEW.OWNER.PLAY is what we want to target n focus on every year.
When enter right n lucky, multi baggers r sure to come true, not just in our dreams.
EURO up 88 times in 10 months. Can u imagine that ?

EX: If EURO or KPOWER owners buy another plc = we will follow him n him .,. .,.

Posted by xetambaya > 2021-03-29 16:30 | Report Abuse

Consolidating now, good sign for PEB

Posted by Bgt 9963 > 2021-03-29 16:33 |

Post removed.Why?

Posted by ucrst2140q > 2021-03-29 16:56 | Report Abuse

consolidating... next step is a breakout... let's go PEB!

Posted by cumcumshot > 2021-03-29 23:31 | Report Abuse

You wait lah. Continue to wait ah... Wait long long. Tunggu ah.

Posted by 2527005 > 2021-03-30 06:27 | Report Abuse

@winetime, please enlighten us. Since you have #1REGRET (huge regret in your investment career) not buying this company, means you are not holding any shares currently. Otherwise why regret? So if you are not holding why write long essay to defend the stock? Just buy in lah! If you are holding some shares why you are still having huge regret???

Posted by xetambaya > 2021-03-30 13:27 | Report Abuse

nice breakout this morning, lets wait for afternoon session

Posted by OrlandoOilSemiconT > 2021-03-30 13:43 | Report Abuse

PEB is riding on a SUPER TREND

Don't miss it

Posted by winetime > 2021-03-30 14:24 | Report Abuse

no nid to wait... today already rebound and moving uptrend now

Posted by jazmaster > 2021-03-31 15:50 | Report Abuse

Tonight is the live, After inject Renikola to PEB is another wave to challenge above

Posted by uemcapital > 2021-03-31 15:51 | Report Abuse

Well said, is possible to challenge back to RM2 again

Posted by jazmaster > 2021-03-31 15:58 | Report Abuse

PEB is solid, why not

Posted by jazmaster > 2021-03-31 15:59 | Report Abuse

https://www.facebook.com/12invest.my/posts/296040055223635

Posted by jazmaster > 2021-03-31 15:59 | Report Abuse

here you go

Posted by xetambaya > 2021-03-31 16:09 | Report Abuse

someone plz share what they say at the interview later, I don't understand chinese...

Posted by uemcapital > 2021-03-31 20:46 | Report Abuse

https://fb.watch/4Aa9hGk77H/

Posted by xetambaya > 2021-04-01 16:49 | Report Abuse

any summary from yesterday interview?

Posted by ucrst2140q > 2021-04-01 20:33 | Report Abuse

Summary from yesterday live interview
-Intend to maintain the listing status of PEB
-completion of SSA, December 2021
-330MWp Bukit Kayu Hitam solar power plant will be complete on end of 2022
-All operating assets are profitable, cashflow are positive
-long-term earning visibility with an average of 20 years remaining PPA tenure for all existing solar power plant


Future company plans
-to acquire more large-scale assets in local solar industry
-to expand to SEA & Asia where there is strong demand for clean energy
-to expand into other RE, eg. hydropower plant
-become a pure play RE company, 1 GWP target in 3-5 years

Posted by finsolution > 2021-04-02 13:15 | Report Abuse

Thanks @ucrst2140q

Posted by jazmaster > 2021-04-02 13:23 | Report Abuse

Yup, instead of solar, they also mentioned that they are more focusing on Renewable energy which I can see the big view and future of PEB.

Posted by uemcapital > 2021-04-02 15:54 | Report Abuse

The live is good. Is totally different like those commenter in forum . Lol, empty knowledge and blow water only

Posted by ucrst2140q > 2021-04-02 16:21 | Report Abuse

might see more rebound after the MGO is over at 2 April

Posted by ucrst2140q > 2021-04-02 16:22 | Report Abuse

not sure about other solar company, but the vision of becoming a pure RE player is pretty nice and convincing

Posted by thisistheway > 2021-04-03 16:35 | Report Abuse

what's the current updated scenario since the mgo cannot happen?

Posted by Azshah > 2021-04-03 16:54 | Report Abuse

It is just simple maths. The owners of reNikola will be getting hundreds of million of PEB shares at RM1.07 per share whilst we here are buying at RM1.75 per share, almost 70% more. Even if we have gotten the shares at RM1.50 when it dipped a bit recently, we are still paying way too much.

One simple question, if PEB is worth so much, why the issue price to reNikola is only at RM1.07 per share ?

Posted by Azshah > 2021-04-03 17:08 | Report Abuse

Another way of looking at it, PEB buys reNikola for a "fair value" and issues shares at RM1.07 per share.

If it is already fully valued when PEB buys reNikola at RM1.07 per share, how do we explain for the difference between the current market price of RM1.75 and RM1.07 ?

The only answer is either of the two:

PEB gets a good bargain and buys into reNikola cheap, or we buy into PEB expensive.

Assume yourself the owner of reNikola. Would you sell your asset ("deemed hot sector" by everyone) cheap into PEB ?.

At what value would you sell ? .

In this case, the real owners of reNikola would only sell the asset for RM1.07 per PEB share and nothing more.

Going by the above, I would feel compelled to say that at RM1.75 we do buy into PEB expensive.

Posted by Azshah > 2021-04-03 17:21 | Report Abuse

I presume I will get a lot of hatred for the above comments, so I will not comment anymore from hereon till the new hundreds of million PEB shares are issued to reNikola owners.

Or till new information are available to better assess the value of PEB.

Posted by bwho > 2021-04-03 18:29 | Report Abuse

Assuming reNikola asset worth RM10million at the issuing price of RM1.07 they should recieved 9,345794 share of PEB.IF PEB value its share at RM1.50 therefore they only recieved 6,6666666 so which one they prefer of course they want PEB to value it's share at lower price

Posted by Azshah > 2021-04-03 18:55 | Report Abuse

It's not for owners of reNikola to say what PEB share price they want it to be issued. It is based on the valuation of PEB. There are independent directors on board of PEB that will assess "fairness" of PEB share price

Posted by Azshah > 2021-04-03 18:57 | Report Abuse

The current price fixed for isssuance by PEB to buy reNikola is at RM1.07 per share similar to the MGO price.

Posted by bwho > 2021-04-03 21:05 | Report Abuse

that why the independant advisor reject the price of RM1.07 being undervalue

Posted by twynstar > 2021-04-04 02:41 | Report Abuse

I think just wait for detail of signing of Share Sale Agreement (SSA) between PEB and reNikola in May 2021.

The completion of SSA is planned in Dec 2021

Posted by ucrst2140q > 2021-04-05 16:18 | Report Abuse

This is a reverse takeover, not PEB aquire reNikola, but the other way round.

Posted by ucrst2140q > 2021-04-05 16:19 | Report Abuse

So most of the comments u just post are invalid

Posted by twynstar > 2021-04-05 17:05 | Report Abuse

Before you buy PEB, you have to think :

1) Why reNIKOLA prefer reverse take over, not IPO ?

2) How reNIKOLA raise the fund to build 330MWp ( around 250MWac) solar power plant in Bukit Kayu Hitam ? FYI, in LSS4, KPower estimates RM 160 millions to built 50MWac solar power plant.