Posted by fzank > 2018-08-03 16:31 | Report Abuse

Loger : "Miss Uni-Worse .... here I come ...." hehehe

Posted by Louisngu > 2018-08-03 16:31 | Report Abuse

2.55billion deal

Posted by magus > 2018-08-03 16:37 | Report Abuse

@JJchan, splash owes Tali more than rm600m currently.

Posted by JJchan > 2018-08-03 16:37 | Report Abuse

Taliworks didn't climb now. I think they have problem now. Will Selangor as New owner settled
their 530million Bill????????

Posted by setia2u > 2018-08-03 16:43 | Report Abuse

Watch out water sector Monday! ENGTEX, YLI & SALCON.

Posted by Spectre888 > 2018-08-03 16:52 | Report Abuse

Congrats all diehard supporters of KPS.
Your patience will be rewarded handsomely :)))

By Chester Tay | 2018-08-03 16:05:33
SUBANG JAYA (Aug 3): Pengurusan Air Selangor Sdn Bhd is offering RM2.55 billion cash to take over Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

The offer price is a 28% discount to Splash's net book value of RM3.54 billion as at June 30, 2018, Selangor Chief Minister Amirudin Shari said.

"Pengurusan Air Selangor will fulfil the acquisition consideration over nine years," Amirudin said here today at a ceremony in conjunction with the handover of the offer letter for the planned takeover of Splash.

According to news reports, Splash shareholders comprise Gamuda Bhd, which owns a 40% stake, besides Sweet Water SPV Sdn Bhd and Viable Chip Sdn Bhd with 30% each.
http://www.theedgemarkets.com/article/pengurusan-air-selangor-offers-rm255b-buy-splash-—-selangor-cm?type=malaysia

Posted by targetinvest > 2018-08-03 16:54 | Report Abuse

Now rogers123 can go cook chicken forever liao... ahhahaha

Posted by JJchan > 2018-08-03 16:57 | Report Abuse

Kps got retained earnings over 800million---hahaha-----RM600million contributed by Splash

Posted by upsidedown119 > 2018-08-03 17:00 | Report Abuse

MB said "will fulfill the acquisition consideration over nine years"? Payment over nine years?

Posted by JJchan > 2018-08-03 17:03 | Report Abuse

With this type cash, KPS can take over water pipe manufacturer in Bursa and concentrate on 10billion water pipe replacement Biz. KPS is state owned so state Biz must benefit its Owned Companies First.

Posted by magus > 2018-08-03 17:04 | Report Abuse

@JJchan, the Selangor govt cannot default on the amounts owed by Splash because it would mean that the govt is going bankrupt, this means that the debts due to Taliworks will be paid to them in full eventually, unless taliworks takes a haircut.

Posted by upsidedown119 > 2018-08-03 17:04 | Report Abuse

@JJchan. Not if payment is over 9 years. Can you please enlighten on this?

Posted by JJchan > 2018-08-03 17:06 | Report Abuse

upsidedown----you got it upside down. The total time taken to acquire all water asset "has taken 9 years"-------Payment changed hand when Splash surrender Asset Titles to Selangor Gov.

Posted by Jon Choivo > 2018-08-03 17:08 | Report Abuse

JJ,

Selangor Mentri Besar Amirudin Shaari said the payment will be made by Pengurusan Air Selangor Sdn Bhd (Air Selangor) in the next nine years.

“This is a historical moment for Selangor because after 10 years, we finally found a solution to our water woes.

Posted by Ron90 > 2018-08-03 17:16 | Report Abuse

wait la..next few hours sure plenty of market analyst will issue their reports...

if payment in 9 years, water gone and pipe rusty and shareholder die olready !!. ..and probably jibbty/bn come to power and turn everything upside down again.

Posted by upsidedown119 > 2018-08-03 17:16 | Report Abuse

So either JJchan is right or reporting is grammatically wrong.

Posted by CaoCao > 2018-08-03 17:18 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2018/08/03/selangor-to-pay-rm2-55-billion-for-splash-takeover/

Posted by shadowraze818 > 2018-08-03 17:20 | Report Abuse

Air Selangor akan membuat bayaran pendahuluan sebanyak RM1.9 bilion dan baki pertimbangan sebanyak RM650 juta akan dibayar melalui bayaran ansuran tahunan untuk tempoh selama sembilan tahun."

Posted by shadowraze818 > 2018-08-03 17:20 | Report Abuse

http://www.astroawani.com/berita-malaysia/selangor-tawar-rm2-55-bil-untuk-ambil-alih-splash-182123

Posted by INV3ST0R > 2018-08-03 17:22 | Report Abuse

That clears everything.... =/

Posted by shadowraze818 > Aug 3, 2018 05:20 PM | Report Abuse

Air Selangor akan membuat bayaran pendahuluan sebanyak RM1.9 bilion dan baki pertimbangan sebanyak RM650 juta akan dibayar melalui bayaran ansuran tahunan untuk tempoh selama sembilan tahun."

Posted by traderman > 2018-08-03 17:53 | Report Abuse

congratulations all believer. your patience finally pay off handsomely

Posted by lbkeat > 2018-08-03 17:58 | Report Abuse

4.7 billion syabas owing to splash did splash made any provision before?

Posted by lcx773392 > 2018-08-03 18:01 | Report Abuse

Is this a good news for kps investor? As the deal is lower than what they expected to get? Sorry I am a new investor who hold kps without any experience

Posted by lbkeat > 2018-08-03 18:02 | Report Abuse

Pengambilalihan ini juga akan menyelesaikan hutang tertunggak yang ditanggung oleh anak syarikat Air Selangor iaitu Syabas kepada Splash untuk pembelian air terawat yang telah mencecah sebanyak RM4.7 bilion setakat 30 Jun 2018. source astro awani

Posted by lbkeat > 2018-08-03 18:14 | Report Abuse

selling below 28% book value of splash, the deal will pass at eqm especially for gamuda which is controlled by glc? if u look at last year kps annual report, the management mentioned they will not sell splash below thier investment value.(book value)

Posted by JayC > 2018-08-03 18:24 | Report Abuse

so is this a good deal for KPS or not base on current price of RM1.90?

Posted by BangBangUp > 2018-08-03 18:36 | Report Abuse

KPS is worth 4.00 at least.

Posted by ks5S > 2018-08-03 18:42 | Report Abuse

kps = king punya saham
must reach 3.00 on monday.

Posted by dalpinia > 2018-08-03 19:07 | Report Abuse

If RM600 millions to be paid to kps then is equal to rm1

Posted by dalpinia > 2018-08-03 19:08 | Report Abuse

If rm800millions then is rm1.34

Posted by JayC > 2018-08-03 19:20 | Report Abuse

my backend calculation,

@current price of RM1.90, market cap is 1.021billion, base on share cap 538million

splash sale = 2.55b x 0.3 = 0.765b

1.021-0.765 = 0.256b or 256millon (balance for other business)

they still have other business:-
1. century bond
2. king koil
3. cpi
4. smart pipe

Posted by ks5S > 2018-08-03 19:29 | Report Abuse

other business also included
1) cooking gas business
2) toll concessionaire
3) telecommunication business

Posted by AlphaBetaGamma > 2018-08-03 19:35 | Report Abuse

How much is 20% of Sprint worth? Everyday also jam one....

Posted by yip_net > 2018-08-03 19:36 | Report Abuse

Monday how to reach Rm 3.00,base on Rm 1.90?

Posted by ks5S > 2018-08-03 19:44 | Report Abuse

don't sell cheap your share. Can break above 3.00.
monday limit up
tuesday 50% limit up.
wednesday 25% limit up

Posted by ks5S > 2018-08-03 19:45 | Report Abuse

roger is waiting to buy your share at any price now.
don't let him buy cheap.
monkey would not able to shake this tree anymore.

Posted by vantagebay > 2018-08-03 19:47 | Report Abuse

peterchu - Discount the future cash flow la, you will get RM1.5B

Posted by ks5S > 2018-08-03 19:47 | Report Abuse

monday kps will be
1) top active
2) top gainers

Posted by traderman > 2018-08-03 19:49 | Report Abuse

to open 2.2. see to believe

Posted by ks5S > 2018-08-03 19:50 | Report Abuse

you offer 2.20 , i will grab without thinking.

Posted by ks5S > 2018-08-03 19:54 | Report Abuse

boney ready to fire this counter on monday.
you will see an explosive volume moving upward like rocket.

Posted by rogers123 > 2018-08-03 19:55 | Report Abuse

Hahaha. Jjchan like to bull again. Congratulation if the share up. If not up, luck lor

Posted by targetinvest > 2018-08-03 19:55 | Report Abuse

Wow siapa boney ini?

Posted by ks5S > 2018-08-03 20:03 | Report Abuse

boney is the market syndicate that SC already ban him from i3 forum
he can move the market like a rocket.

Posted by lbkeat > 2018-08-03 20:11 | Report Abuse

state gov will be clear winner of this takeover air selangor fork out 1.9b cash not only fully controlled over splash but settled 4.2b owing by syabas to splash.both kps and gamuda will do impairment loss from investment in splash coz selling below 28% of book value m i right? let's see whether shareholders of splash will acept the offer

Posted by wwq84999 > 2018-08-03 20:13 | Report Abuse

Ok...hold it...till 2.80...can arhhh???ks5s

Posted by ks5S > 2018-08-03 20:14 | Report Abuse

don't sell below 3.00
just hold.

Posted by kevinobc > 2018-08-03 20:34 | Report Abuse

HUAT HUAT AH.. ! untung lah… ! finally !

Posted by kevinobc > 2018-08-03 20:34 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2018/08/03/selangor-to-pay-rm2-55-billion-for-splash-takeover/


Selangor to pay RM2.55 billion for SPLASH takeover

Posted by Ron90 > 2018-08-03 21:04 | Report Abuse

state pay 1.9 b first to get control Splash..than after than Syabas pay Splash 4.7 billion..both government of Selangor agencies.

or..it can also, the minute after signing aggrement, use advance payment from Syabas to pay Gamuda and the geng. Federal no need to pay single cent kan. The remaining 650 mil over 9 years, use dividend only ler from Syabas payment more than enough...in fact, splash should pay in full to Gamuda and the geng using Syabas debt.

so, conclusion, no extra money involve in this transaction. The money is already there all this while in the form of hutang at Syabas 4.7 billion which by hook or crook have to pay to Splash.

so..i guess it's true that all these while, the state don want to proceed before, coz they want to preserve that 4.7 b that suppose to be paid to Gamuda and the geng. ..so current Splash owner rugi kaw-kaw that 4.7 billion !!

sad to say, if under bn, Gamudy sure fly to the moon by now