Not necessary, many ppl always drag till T4 (most broker firm allow T4 till 4pm) thats why heavy selling normally happen at T4 especially after lunch. Just my 2c observation.
as usual the gov will say that the independent valuation report is put under "secret" act.... cannot be disclosed ... they still need to get a 2nd independent valuation to confirm the 1st independent report....
conclusion: Delay until 2nd report come out. Maybe next year. Man-man wait .
When sentiment bad everybody will sell,when sentiment bullish everyone buy,pp too smart to invest now,for me wait next week or next month or next year also nvm la, important the money put in was gained.
If gamble with the company going bankrupt should run..pls study the company first only know whether is safe or not, nobody will know when is the best enter point,just depend on ur vision how was the company growth in future..
i think gamuda will let go splash with low price (maybe slight higher then the current offer 240 mil ) but govt may compensate them with East Coast rail billions dollar project. But kps ........ apa pun talak ...
Probably the new offer is only 800 mil.... itu saja .... mau you olang angkat... tak mau kita olang wasia
the new offer cannot too far from 240 mil.... if not khalid will lose face.... so maybe they set in between 240 mil (old offer) and 2 bil (desire) .... that is at tengah-tengah 800 mil..... kps 30% equity means get only 250 mil..... very little ... sell in loss like that... share may plunge.
kps buy century bond for rm 210 mil but sell splash for rm250 mil. Means splash exchange with century bond... rugi-lah like that, splash bring 80 mil profit for kps but century bond only bring 8 mil profit .... share may plunge.
crazy...first there was the catalyst to push price up, and another to bring price back down...and now another one to most likely push it back up again...Congrats to the winners!
auntie , uncle.... don't simple jump in once announce new offer. See what is the offer price first. Don't kena trap again just what you excited with AliBABE news from bones. All the news from the Star, CIMB analyst , the edge , Bones... all half cook story... want to trap people like you...
But i think the offer would not be 1x book value, as the govt may not have so much fund. Just like i say probably 800 mil only.
Hansoloh another thing u have to know . PAAB is the main fund distributors for the water sector . Not the federal government . PAAB already issue up 1.0b of sukuk for this water company deal . So what I concern not the take over price for splash . ( 2.5b to 3.2b) for me is more care about kps can get how much of the NRW contract . This is the long term income for kps .
Another way that is some tricky answer from this azmin . He say not chip in for the take over . Is just because he havent get the report from federal government valuers . So how can he say chip in. Politician answer . So just let's see what is going on . Mr 90cent the lowest I bought this share also 99cent .
From mhchai 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.
this is the battle of SELANGOR VS PUTRAJAYA (Azmin vs Ongkili) If the deal is 1x book value, Selangor =1 , Putrajaya = 0............ do you think putrajaya will loose in this battle. ? Will azmin or ongkili prevail ? and will the selangor people be the ultimate loser that have to pay high water rate ? Let's wait and see whether putrajaya got fire-power or not . They still have Wasia to win the battle. Don't overconfident . I think the selangor people won't loose as election time is getting near and they will sure vote out to those who cause them have to pay higher water bills with current high inflation state.
Any side that asking the selangor people to pay the water hike must be inviting trouble during the election time. Therefore, i think the deal will still have to delay after election.
Must be deal before election , if not , BN and PKR will be blamed for the lateness . New usage limit per household shall be set and those exceed the usage limit will be charged higher on water rate.
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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 > 2017-03-24 11:46 | Report Abuse
miss the 1.40 target :(