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. :)

Posted by JJchan > 2016-09-28 11:07 | Report Abuse

Splash is a cash cow...the real butt is Selangor Gov refused to raise Rate...so let them have it

Posted by hng33 > 2016-09-28 11:18 | Report Abuse

hahaha, GOOOOOOOOOOOOOOOOOOO

Posted by AlphaBetaGamma > 2016-09-28 11:32 | Report Abuse

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...

Posted by hng33 > 2016-09-28 11:34 | Report Abuse

Sold back partial at 1.24-1.25, lock in more than 15% paper profit first. Keep balance for higher price

Posted by PenguinDad > 2016-09-28 11:42 | Report Abuse

I think hng33 got it at 9xcents and arvin6 you really missed the boat.

Posted by hng33 > 2016-09-28 11:51 | Report Abuse

PenguinDad

No, i bought and accumulated KPS at average cost about RM 1.08

hng33 Bought back KPS at 1.12-1.13
22/03/2016 10:19

hng33 bought more KPS at 1.10-1.11
15/07/2016 10:42

hng33 Bought more KPS at 1.06, average down cost
24/08/2016 15:40

hng33 Accumulate more KPS at 1.07
25/08/2016 16:05

Posted by hng33 > 2016-09-28 11:58 | Report Abuse

I now gradually lock in these handsome paper profit batch by batch :D)

Posted by rogers123 > 2016-09-28 12:17 | Report Abuse

hng33: stop to show us how good u r. Action kuat kuat. Irritating.....

Posted by hng33 > 2016-09-28 12:26 | Report Abuse

yup, i do understand how loser clown minded feeling....it call pity lolllll

Posted by pradeep > 2016-09-28 12:32 | Report Abuse

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.

Posted by JJchan > 2016-09-28 12:37 | Report Abuse

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 )

Posted by PenguinDad > 2016-09-28 13:26 | Report Abuse

JJchan, vegetable sellers!!!!

Posted by hng33 > 2016-09-28 13:42 | Report Abuse

upsidedown119

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.

Posted by JJchan > 2016-09-28 14:08 | Report Abuse

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

Posted by hng33 > 2016-09-28 15:24 | Report Abuse

Sold back all balance KPS at 1.26, lock in higher all paper profit >15%, free up all capital first.

Posted by upsidedown119 > 2016-09-28 15:33 | Report Abuse

hng33, please refer to my reply in the Gamuda thread.

Posted by rogers123 > 2016-09-28 16:19 | Report Abuse

Wah! Hng very clever lor. Clap clap clap!!!

Posted by Arvin6 > 2016-09-28 18:46 | Report Abuse

Good ...hng33 will join my side . He will waiting the stock drop back to 9xcent . Once hng33 sell mean the share price will drop dy .

Posted by JJchan > 2016-09-28 19:31 | Report Abuse

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

Posted by Wiwangwang > 2016-09-28 22:27 | Report Abuse

Arvin6 today i sell my 9xcent share . Now waiting for 2nd round buy in this kps . But my target highest than your . U slow slow wait your 9xcent .

Posted by husky88 > 2016-09-28 22:35 | Report Abuse

Hope tomorrow no more below 1.3. So everybody no need wait liao.

Posted by JJchan > 2016-09-29 00:47 | Report Abuse

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

Posted by PenguinDad > 2016-09-29 12:44 | Report Abuse

Newspapers also started to talk about KPS. Good news coming?

Posted by ks5S > 2016-09-29 12:47 | Report Abuse

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.

Posted by ks5S > 2016-09-29 12:49 | Report Abuse

ini kali tentu limit-up.

Posted by tan5995 > 2016-09-29 12:52 | Report Abuse

not only limit up. This time is Super Limit Up until roof also bocor.

Posted by JJchan > 2016-09-29 13:11 | Report Abuse

Based on previous Selangor Gov announcement on Puncak---it is Friday Or Wednesday next
week....I hope Wed bcoz more time for me to relocate funds

Posted by tan5995 > 2016-09-29 13:20 | Report Abuse

The final chapter will end next week. Hope this chapter give happy ending to everyone.

Posted by PenguinDad > 2016-09-29 13:28 | Report Abuse

Short live again.

Posted by Arvin6 > 2016-09-29 13:30 | Report Abuse

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

Posted by ymj1016 > 2016-09-29 13:36 | Report Abuse

arvin, the one who is dreaming is you... waiting for 90 cents.

Posted by PenguinDad > 2016-09-29 13:51 | Report Abuse

arvin, do you have the master agreement to share? to proof it is really 9xcents.

Posted by tan5995 > 2016-09-29 14:05 | Report Abuse

i think arvin master agreement was written on his old underwear.

Posted by JJchan > 2016-09-29 15:32 | Report Abuse

Buyers moving...maybe expect Friday announcement----no more money to top-up

Posted by PenguinDad > 2016-09-29 15:39 | Report Abuse

JJchan, what announcement?

Posted by JJchan > 2016-09-29 15:48 | Report Abuse

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 )

Posted by ks5S > 2016-09-29 15:52 | Report Abuse

YAHOOOOOOOOOOOOOOOOOOOOOOOOO

Posted by PenguinDad > 2016-09-29 16:00 | Report Abuse

JJchan, sound interesting but why hng33 started to sell off last few days.

Posted by JJchan > 2016-09-29 16:03 | Report Abuse

This is hng33 style of trading in all stocks that i know....quick profit taking and return many times

Posted by ks5S > 2016-09-29 16:04 | Report Abuse

hng is hyperactive... slight autism,,, cannot blame him

Posted by ks5S > 2016-09-29 16:13 | Report Abuse

faster buy.
you don;t buy, you will regret your whole life for so stupid.

Posted by AlphaBetaGamma > 2016-09-29 16:14 | Report Abuse

At 1.5B, I think KPS is a sell. At 2.8B, it is surely a limit-up...

Posted by ks5S > 2016-09-29 16:16 | Report Abuse

now still can buy.
still low. Don;t greedy like arvin , want 90 cents

Posted by ks5S > 2016-09-29 16:19 | Report Abuse

faster buy.
you won't see price below 1.30 anymore.

Posted by PenguinDad > 2016-09-29 16:25 | Report Abuse

Sure buy. Such a good opportunity why still wait.

Posted by JJchan > 2016-09-29 17:12 | Report Abuse

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 )

Posted by JJchan > 2016-09-29 17:15 | Report Abuse

One limit up from 1.29 is 1.68 (still got 0.20 cents change)

Posted by mhchai > 2016-09-29 17:57 | Report Abuse

JJchan, u need to deduct the cost of the 30% Splash, Non current asset will drop some but current asset will jump like mad (receive cash).

Posted by traderman > 2016-09-29 18:08 | Report Abuse

haha, later deal off is limit down 30 cent