Dylan1027, Hopeless KPS? Yes. I once bought Kumpulan Perangsang Selangor (KPS) at 42 Cents. With the tussle between BN & PKR KPS will retrace back to RM1.00.
Gajah sama gajah pelanduk mati di tengah tengah.
Better sell KPS and buy PM Corp & MUI Berhad for year 2014.
OTHERS KUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”) OFFER TO PURCHASE 30% EQUITY INTEREST IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“PROPOSED ACQUISITION”
KUMPULAN PERANGSANG SELANGOR BERHAD
Type Announcement Subject OTHERS Description KUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)
OFFER TO PURCHASE 30% EQUITY INTEREST IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“PROPOSED ACQUISITION”
Reference is made to the Company’s announcements dated 21 November 2013, 4 December 2013 and 31 December 2013 in relation to the Proposed Acquisition (“Announcements”). Unless the context otherwise requires, all expressions used herein shall have the same meanings assigned thereto in the Announcements. The Board wishes to announce that the Company has, via its wholly-owned subsidiary, Viable Chip (M) Sdn Bhd (“Viable Chip”), received a letter dated 9 January 2014 from KDEB to inform the Company that there will be no further discussion on the Proposed Acquisition for the foreseeable future in view of the Selangor State Government’s (“State”) announcement on 8 January 2014 stating, among others, that the State is agreeable for the Federal Government to exercise its rights and powers under Section 114 of the Water Services Industry Act 2006. In view of this material development, the Company will be seeking legal advice and evaluating its implications accordingly. An appropriate announcement will be made in due course.
This announcement is dated 9 January 2014.
Announcement Info Company Name KUMPULAN PERANGSANG SELANGOR BERHAD Stock Name KPS Date Announced 9 Jan 2014 Category General Announcement Reference No MI-140109-65107
book value 2.28, NTA 2.18. if forced selling water asset according to previous KDEB offer can get rm 250,600,000 cash, accumulated cash rm 420,000,000. i dun seem any problem
KPS is state own company...safer than any stock you are holding today. Beside they have a diversified portfolios. I see this stock going to reverse to green and going up while waiting for verdict from federal govt. Hope for a better offer.
i hope mentri besar can settle d problem as soon as posiible. than kps once again can show d nice resuld again. is it can be? i think must ask d director
Mmmm... when to buy at the possible low price 4 me . Not worried hav dispose 80% of water stock earlier . Anyway i think MB statement is not pratical impossible to implement . How do kdeb plan to supply water to sel people
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....
Dylan1027
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Posted by Dylan1027 > 2013-12-24 13:06 | Report Abuse
really.. Hopeless... based on rumors, bad news in making...