No uncertainty in Splash - at least more than 0.1 X BV otherwise they won't waste time negotiating. Puncak's uncertainty: 1) EGM not yet called - indicate wrangling still on-going; 2) Kali's future uncertain; if he resigns, picture will be muddied; whereas Splash negotiations are with the Fed and Gamuda (40% majority shareholder) is Fed-friendly. My hunch is that final deal is at least 0.8 X BV, but should be more. This works out to RM600 million for splash or RM1.2/share. Correct me if I am wrong anyone?
I would buy hold and hold at least 70%; trade on the 30% when price is on a high. This is because this stock (and Puncak too) tends to go on a frenzy. So when deal is done, you would have to pay a premium to get on board again!
Kumpulan Perangsang Selangor (KUPS MK) Technical BUY with +18.2% potential return Last price : RM1.76 Target Price : RM2.00, RM2.08 Support : RM1.66 Stop-loss: RM1.63 BUY with a target price of RM2.08 with stop loss placed at below RM1.63. KUPS’s share price surged past the medium-term downtrendline on 10 Jun 14 before hitting a new high of RM1.84 two days later. As the share price established new support at RM1.66, it rebounded and closed above the “cloud” yesterday on the back of a higher trading volume of 7.9m shares (vs 20-day average of 2.3m), suggesting renewed interest. An uptick in RSI and a positive reading in MACD indicate a strong momentum which in turn is likely to drive KUPS to break out from the 1,2,3 formation. As the new up-leg has been established, we expect KUPS to nudge higher and retest the significant previous high of RM2.08 in the short to medium term.
ytl power have pull out from the project 4A. The opposition is pressuring the gov over transparency and also "crony capitalism". Therefore, be careful on the splash deal. It may not an easy done deal as selangor gov may not agreed to the fed even-though the fed pay slash.
@jolie2. Would you perform acrobatic, flying sword here and there jolie2 kungfu style for us to see what it's like? Meanwhile, get ready to accumulate!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2014-06-17 15:02 | Report Abuse
No uncertainty in Splash - at least more than 0.1 X BV otherwise they won't waste time negotiating. Puncak's uncertainty: 1) EGM not yet called - indicate wrangling still on-going; 2) Kali's future uncertain; if he resigns, picture will be muddied; whereas Splash negotiations are with the Fed and Gamuda (40% majority shareholder) is Fed-friendly. My hunch is that final deal is at least 0.8 X BV, but should be more. This works out to RM600 million for splash or RM1.2/share. Correct me if I am wrong anyone?