Just for sharing, Splash can make more profit if improve their operating cost. This type of water treatment plant still got a lot of room for cost improvement and additional opportunities. This is my personal experience in the industry and it is a money making machine. :)
JJchan, no wonder I could not pick-up at 1.12 despite queueing for so long. Good call!! Hopefully we can ride the upside until early October, at least. Buy on rumour, sell on news. So far no news out yet...
This is a fundamental stock so nothing to worry already broke 1.22 it should go higher chart wise.Nevertheless PE is low and once take over the packaging company growth is good.
Corporates + Kdeb holding of KPS shares account for 69.67% (30.33% of 499m=151.34m At 151.34m in public hands (almost like ACE counters), limitUp is easily achieved (no need syndicate ---just vegetable Sellers can do it )
Q1: Do you know whose is original and founder of splash in 2000?
Ans: The founder of splash are The sweet water alliance 40%, Gamuda 30% and KDEB 30%
Q2: Do you know what is paid up capital for splash ?
Ans: Splash paid up capital is consist of 170m ordinary share RM 1.00 each + 2.3m preference share RM 1.00 each. Therefore, total equity invested is RM 172.3m
Q3: Do you know how the Gamuda shareholding change ?
Ans: In 2005, Gamuda acquire additional 10% from the sweet water alliance for RM 135m, turning it become largest shareholder from 30% stake into 40% stake.
Q4: Do you know how the KDEB shareholding change to kps ?
Ans: in 2006, KDEB transfer its entire stake in splash to its subsidiary KPS for RM 130m. The move is to help KPS use splash stake as pledge to secure Islamic bond for RM 200m.
The transaction is related party transfer from right hand to left hand as it value 30% stake splash just for RM 130m vs. market transaction value 10% stake for RM 135m deal just a year ago between gamuda and the sweet water alliance.
Q5: Do you know now what is total investment cost for gamuda in splash now?
Ans: Original cost of investment in 2000, 30% stake RM 51.7m + additional 10% stake acquire in 2005 RM 135m = RM 186.7m
Q6: Do you know why gamuda stress it will incur divestment loss if splash deal at RM 250m instead of divestment gain if splash deal at RM 2.5 billion?
Ans: The said loss is refer to current value of the splash. If splash is market fair value at RM 2.5 billion, if sell at RM 250m now, of course it incur divestment loss. In contrast, if splash sell at RM 2.5 billion, then, it will record massive gain from divestment.
In other word, for example, if you own a parcel of land that you bought at cost RM 100m, then, these parcel of land appreciated in 15 year, now, it value at RM 1 billion in accord to fair market value. If people force you to sell at RM 200m, you will alike call its a divestment loss of RM 800m . But, if people offer you some discount and you sell at RM 900m, then, you will book in handsome one off profit gain RM 800m. UNDERSTAND the LOGIC.
Investment is for return, 15 year investment if divest now must record its present value market value as assets appreciate over the time and asset value is BACK by book value. If assets cannot divest at market value or close to market value, in business, it call divestment loss, instead of investment gain.
If vegetable sellers cannot push up more than 30% then Duck sellers will come in and last Chicken Sellers (the taiko)...Of course suddenly you have All talk and no action (Roger123)---- making major claims that it was his finger nails that push up KPS
As of 31 Mar2016, Lembaga Tabung Haji holds 4.87% (24.28m) of KPS....If LTH can buy into Puncak( no news).....it can also increase KPS stake to 6% with news coming
Azmin is a shrewd politician----you will have a answer before 7 Oct......Azmin is working on a number that Tan Sri Wan Azmi wants (not Gamuda wants).....The control of Splash is done once Selangor Gov controls 60% of splash
ini tentu ini punya final kali-lah. No more 2nd, 3rd kali-lah. Last election talk until next election coming. So many talk .... talk, talk , talk..... Now action.
Dream .. dream .. dream .. you all really think due date then the deal can done ar ? Dream .. see the the master agreement also can delay 3 more month . .. don't think this time can reach on time . For those already buy faster sell ... this time will trap u all kao kao
Selangor Gov. offer for Splash ( 2.8B or 1.5B ) Gamuda will have EGM or straight reject... I think 90% Selangor Gov(Azmin) will Buy-Out TanSri WanAzmi Wan Hamzah shares so Azmin will control 60% of Splash---End Story-----How much will KPS get???? Based on 1.5B share between Sweet Water and KPS---each will receive 750m-----RM1.50/share for KPS (keeping finger Cross + a Big pillow tonite )
Why Kps is a Sell if offer is 1.5B ( say Gamuda is included)?? Kps will get 90 cents per share Kps par value is 1.00 plus 0.90 = Rm 1.90 (current market price is 1.29 )
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 834 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
PenguinDad
1,729 posts
Posted by PenguinDad > 2016-09-28 11:04 | Report Abuse
Just for sharing, Splash can make more profit if improve their operating cost. This type of water treatment plant still got a lot of room for cost improvement and additional opportunities. This is my personal experience in the industry and it is a money making machine. :)