Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of Perangsang Selangor, save for the Interested Directors, wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.
Following the above, SPLASH Holdings, being a 30% associated company of Perangsang Selangor, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.
Gamuda and Perangsang Selangor own 40% and 30% stakes in SPLASH Holdings respectively. Gamuda and Perangsang Selangor said SPLASH Holdings "had on 24 April 2019 received the upfront sum of RM1.90 billion from Air Selangor. As such, the offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019." http://www.theedgemarkets.com/article/gamuda-perangsang-selangor-say-splash-offer-turns-unconditional?type=malaysia
I also count just now using Annual Report.....minus those holding 900K( top 30).....Public ikan bilis holding 20% only.....around 100million shares{ easily cornered}
Selangor state government control 63.4% in KPS via KDEB 57.9% and PKNS 5.5%. The LTH control another 3.9%. All these GLC are key beneficial on KPS special dividend soon.
In the latest just release annual report, page 34 state clearly use of cash proceed to reward shareholder
Upon completion of the divestment, Perangsang Selangor stands to receive RM570.0 million cash in addition to nine annual instalments totalling to RM195.0 million. The cash proceeds will be utilised for paring down debts, financing future acquisitions and distributing dividends to shareholders.
On 30 January 2019, kps drew down RM300.0 million from the RM500.0 million Islamic Medium-Term Note Programme to refinance the Group’s existing borrowings RM 611m. The objective of the refinancing is to reap savings arising from relatively lower financing costs as well as to optimise the cashflow management of Perangsang Selangor due to elongation of the principal repayment.
Cash and cash equivalents of the Group increased to RM166.4 million as at 31 December 2018 as compared to RM79.0 million the year before. This was due to higher cash balances at CPI and KPS-HCM.
Therefore, the upfront splash disposal 570m will boost Kps exiting cash hoard to 736 m. As 300m of 611m borrowing just refinance, thus, if Kps wanna to pare down further balance borrowing total 311m, it still have cash balance 425m. Therefore, Kps can afford to payout at least half of these cash as special dividend 40sen/share and reserve another half for business expansion.
Kps cash flow will keep increasing over next 9 year from installment 22m annually from balance splash disposal.
JJchan give Tp 3.30......Calvin Tan give Tp 3.0 { This 2 persons are always at ODD with each other but with Tp so near apart......they are seeing somethings very similar }
Calvin has this to say about the difference between Puncak & KPS
Puncak is owned by private entity as such there is suspect of siphoning out money through inflated Oil Palm estate purchase like what FGV did in Indonesia
KPS is owned by Selangor PH Govt so there is the need for accountability
AND SO FAR KPS MANAGEMENT HAS DEMONSTRATED HARD WORK LIKE
1) GOING TO NETHERLANDS TO GET THE LICENSE FOR SMARTPIPES
2) STARTING KING KOIL MASTRESS FACTORY IN USA
3) TAKING CENBOND PRIVATE
4) SETTING UP INFRAR COMPANY KPS - HCM TO BID FOR JOBS
GIVING FRANK INTERVIEW TO EDGEDAILY & OTHERS
SO THE UNWARRANTED FEAR OF KPS BEING ANOTHER PUNCAK IS UNFOUNDED
ALL THE ABOVE TABLE TRANSACTIONS & EFFORT PUT IN WILL RESULT IN A GREAT COMPANY
2. More Water pipe job awards. Water leakage is 30% from old rusty pipes. Think of how much profit Selangor Govt could make if they save this precious water
A) Selangor Govt will get back higher profit from water sale
B) Weary consumers will no longer face the inconvenience of water rationing
If Govt announce water pipe jobs Kps will fly up just like success transformer flew up because Zuraida wants to replace street lights to LED
3. Ecrl and Bandar Malaysia will need lots of cement. So by proxy sale of cement bags by cenbond will increase
4. More job awards for Kps -Hcm expected as Ecrl passes through Selangor state
Kps being 63% owned by Selangor Govt is sure to get some jobs
So buy, hold tight. Don't contra for small profit
From Rm1.53 to Rm3.00 almost 100% profit possible
Those who follow Calvin bought Naim at 50 sen already got more than 100% gain
So this Kps now going into a very strong turnaround
In the latest just release annual report, page 34 state clearly use of cash proceed to reward shareholder
Upon completion of the divestment, Perangsang Selangor stands to receive RM570.0 million cash in addition to nine annual instalments totalling to RM195.0 million. The cash proceeds will be utilised for paring down debts, financing future acquisitions and distributing 'DIVIDEND' to shareholders.
Selangor state government control 63.4% in KPS via KDEB 57.9% and PKNS 5.5%. The LTH control another 3.9%. All these GLC are key beneficial on KPS special dividend soon.
On 30 January 2019, kps drew down RM300.0 million from the RM500.0 million Islamic Medium-Term Note Programme to refinance the Group’s existing borrowings RM 611m. The objective of the refinancing is to reap savings arising from relatively lower financing costs as well as to optimise the cashflow management of Perangsang Selangor due to elongation of the principal repayment.
Cash and cash equivalents of the Group increased to RM166.4 million as at 31 December 2018 as compared to RM79.0 million the year before. This was due to higher cash balances at CPI and KPS-HCM.
Therefore, the upfront splash disposal 570m will boost Kps exiting cash hoard to 736 m. As 300m of 611m borrowing just refinance, thus, if Kps wanna to pare down further balance borrowing total 311m, it still have cash balance 425m. Therefore, Kps can afford to payout at least half of these cash as special dividend 40sen/share and reserve another half for business expansion. In additional, Kps cash flow will keep increasing over next 9 year consecutively installment 22m annually from balance splash disposal.
very very soon good announcement will coming, be patient ya.
Take opportunity to buy some after verify the information Calvin Tan Research and the latest annual report as well. The most interesting parts for me are the potential dividend and the smartpipe business (http://www.smartpipetech.com.my/whats-new/ ). The major 30 shareholders are holding about 80% shares of KPS, so the number of shares circulated in market is low. Further sell down is the opportunity to accumulate for mid term ...
Mr calvin calvintaneng Just buy Hi mr calvin now all goreng plantations You earn money from rsaw jtiasa cb wtk kwantas all ypur plantations up so much from lowest . You esrn how many millions this times. Why currenttly your counters always up like mrcb az t7 destini asiap talam . God of bursa Help me push mkland please
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AlphaBetaGamma
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Posted by AlphaBetaGamma > 2019-04-24 14:58 | Report Abuse
Wonder who's the sellers? Or izzit fake sellers? 50 cents dividend also don't want... Sorry, 1.60 also I not interested to sell