The news doesn't mean anything, just people overact. From chart, you can see some people are collecting at 4pm today and start rebounce. Don't simply sell to those who simply create panic comment who wish to buy cheap.
on 17/3/017 article http://www.nst.com.my/news/2017/03/221726/after-9-year-restructuring-impasse-splash-sees-light-end-tunnel "Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali had reportedly said the taking-over of Splash equity will be fully-financed by Pengurusan Aset Air Berhad (PAAB), which was corporatised under the Finance Ministry." where Azmin already mentioned the acquisition will be fully funded by PAAB which is under Ministry of Finance.
they will let the deal delay after general election. If deal 1x book value, pkr untung and can use the money to hentam bn and win the election. Do you think bn is really so-chai ?
Big like to mhchai for finding and talking the fact.
Posted by mhchai > Mar 23, 2017 09:47 PM | Report Abuse
on 17/3/017 article http://www.nst.com.my/news/2017/03/221726/after-9-year-restructuring-impasse-splash-sees-light-end-tunnel "Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali had reportedly said the taking-over of Splash equity will be fully-financed by Pengurusan Aset Air Berhad (PAAB), which was corporatised under the Finance Ministry." where Azmin already mentioned the acquisition will be fully funded by PAAB which is under Ministry of Finance.
The more they delay the more costly the acquisition will be, book value will keep going up as long as the company is making profit. Splash made 300mil profit in FY16.
familiar with cricket or baseball, Azmin is throwing a Steel ball if Ongkili hits it his bat will surely breaks but if he doesn't his catcher(paab) will surely dies.....If Pakatan loss Selangor in GE14 all current state surplus belongs to Umno
Quote from theedge "As for the takeover of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash), Gamuda said the Selangor State Government and the Federal Government are currently finalising certain matters among themselves in order to complete the takeover."
bn do not want the money to go gamuda also bcos they have project in penang transport master plan to help dap. gamuda desperate for money but bn would not give them so easy. Maybe after election,
the edge is anti bn. Cannot be trusted on the edge news. Trust yourself when you put money into this political stock. You have to put yourself in the political shoes.
somemore now mahathir making a lot of noises on china investor-lah, proton-lah, debate-lah, jho-lowlah.... very high chance deal will cancel until election over.
Don't be naived. This deal cancellation have been repeated for 10 years. Wait for 1 more year , no problem for both of them.
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Posted by sengkee > 2017-03-23 21:17 | Report Abuse
If chased that day, today will lose kaw-kaw