In the previous offer, State gov received Fed grant to buy water concession equity stake for total RM 2bil comprising
1. RM 1.55 bil for Puncak (PNSB and 70% syabas), 2. RM 91m for Abbass, 3. RM 251m for splash and 4. RM 110m for 30% syabas
Therefore, if splash insist 1 x book value at RM 2.5 bil, then State must get double up its grant from RM 2 bil to RM 4.25bil, a additional RM 2.25 bil from Fed to complete consolidation
Sudahkena Thanks for Edge update. Let Splash go for 1.14B extra. Some side track, I went to (look -see )the Langat 2 project area (plan available at MPAJ lobby) with my Malay business partner. He mention maybe 90% private land there belong to Malay and usually Malay want Land for Land basis. And most likely the land are given by previous BN mentri Besar. So the title is questionable. Without current state Gov help, Langat 2 cannot proceed because Fed can dug a tunnel and No land to store and distribute water. Okay signed agreement but nobody said you cannot delay 5-10year to acquire the land Azmin is having the Upper hand. Maybe he can arm twist Fed to cough up 1.14B
hng33 what current stock the best? Puncak or KPS? For me the technical analysis part the Puncak stand the best for profit. Wait for technical rebound and the dividend. I donno the the latest news about KPS.
Hehe gong xi fatt chai .... All also red red ... Just don't understand why all the ppl already knew kps will sell the water business n just waiting for the wind fall durian ... N they still follow each other to panic sell off .. After that sure got many ppl say .. Regret to sell at the lowest price ...
@lwyy60:- I think this video is made sometime in Q1 of 2014 from the chart shown in the video , now it is end of 2014 Dec.... no sign of flashpoint triggering )
1) attack on us treasury market - with tapering of QE which ended last Oct and impending rate hike. USD is stronger than ever. 2) fall of Petro Dollar - Look at today oil price .... Petro Dollar is strengthening 3) China Stealth gold run - Gold is at all time low for last couple of years due to strength of dollars 4) Collapse of China - China/Europe/japan had all learned the trick from US in QE.... 5) IMF plan to replace the USD - EURO is all time low against the USD while US purposely pressure China to appreciate RMB....., I think no currency is anywhere near to replace the Dollar .
Jim recommend to to invest in energy & water equity and to avoid S&P blue chip... Look at how much S&P leap and bound and Energy stock tanked as of now... If investor were to listen to his advise & invest into energy stock back in 1H 2014, I think would have missed a big opportunity and had their hand & legs are burnt by now....
He asked investors to avoid S&P blue chip
I am not an expert , however, six months passed, things are turning out opposite to his predictions as of now.......
It sound more like a video to promote some book that is written by Jim....
Yes, sold too early at 1.11, but still manage to realize 4 sen contra gain. I swap to increase stake in Puncak. Circular already dispatch and EGM fixed on 7 Jan and completion disposal is expect a week later, mid Jan (source: Puncak circular part 1, page 22)
The detail of Puncak circular highlighted:
Circular Part 1, Page 12 Total Cash after disposal: RM 2.041 bil
Total cash after full conversion warrant and sukuk and after special dividend payout RM 534.3m = RM 1.548 bil
Circular Part 1, Page 20 Total borrowing after full conversion warrant and sukuk and after special dividend payout RM 534.3m = RM 191.861m
In short,
1. after full conversion warrant 2. after all sukuk conversion, enlarge fully diluted share volume to 532m 3. after special dividend payout of RM 534.3m, or about RM 1/fully diluted share
Puncak still have cash hoard RM 1.548 bil and borrowing RM 191.861m, or net cash RM 1.356 bil, translating into net cash RM 2.55/fully diluted share.
In other word, Puncak after full warrant, sukuk conversion, on enlarge share volume of 532m, Puncak net cash is RM 3.55/share (after special dividend payout, still retain net cash RM 2.55/share). Puncak net cash of RM 3.55/share is 48.5% higher than its current share price RM 2.39
But hng33, the $1/dividend is fully diluted by the market today. Maybe the market is just looking at the cash position of Puncak ex dividend. So if I jump in at 2.29 and exit after Dividend Ex date to collect my Gold $1 coin--the market could discount my dividend again. I think selling after Ex-date would be very heavy and probably done by fund manager to realize their gain.
On fully diluted share, after ex-special dividend RM 1/share, Puncak still retain net cash RM 2.55/share. No matter how you calculate, before special dividend net cash RM 3.55/share or after special dividend, net cash RM 2.55/share, both also higher than Puncak share price at RM 2.45.
These cash hoard RM 2.55/share s after special dividend payout, is on top of Puncak other assets worth another total another RM 1.1/share, namely profit generating business: Oil and gas business (orderbook RM 2 bil); water related construction contract (orderbook RM 556m), water treatment and waster treatment plant in China. and some non current assets such as Wisma Rozali, some shoplot in Singapore, vacant land, all value at net book value about RM 225m
Puncak share performance today affected by profit taking, up just 7sen, but it already show strong demand, and reverse uptrend towards date of EGM 7 Jan is expected, with final booster surge once special dividend RM 1/share is declared after completion date in middle of Jan.
I've today further increase my stake in Puncak, but need to sacrifice DRB by cut loss, as all my capital and margin fully invest in Puncak already, further lowering down my holding cost to about RM 2.58.....
'Sold all my stake in DRB today at 1.53, realize 31 sen/share loss, swap all capital and margin line to increase further stake in Puncak. Bought more Puncak at 2.43'. I hope to recoup my loss in DRB by swap to Puncak.
Those that sold off KPS are buying back today. Good volume. Political stock can have very strange results indeed. Somethings is cooking by Anwar, I hope.
Good, KPS have up 20sen from its lowest level 1.07. KPS still need splash valuation clarification from new state gov. Hope for the best result. Currently keep KPS under radar, as to all capital, margin line all already dry out....almost all in Puncak.
The analyst points out that the second half of December tends to be the best time of the month (and year) to be in the market since stocks also get a boost from money managers locking in their positions for the year ahead.
Jolie. Since you are so stress, Let me calm you a little using KPS history. KPS known today actually came from the restructuring of SAP. Sap(Shah Alam Properties)is a badly managed, small time contractor building PKNS flat ( The group that restructure Sap is most likely KDEB ) After restructuring I got 30% more shares. Over the years, dividends were paid without failed. Then came the big surprise, Khalid sold a associate co. and give me a big bonus. To be honest I did'nt know water asset were injected into KPS until 2014. So SAP has grown from a Peanut into a Coconut. If history is to prevail, KDEB will restructure KPS again after KPS sold all its water asset ---Surely for something Bigger. Those MBAs in KDEB wears Huge political hat and as we know politican always made friends & shareholders Rich
SinGor: U know Datuk Karim? He is the one who injected all the water assets in Kps. He bought Jaks and taliwork, transfer all the water assets and selangor properties from khsb to kps. Water consolidation is his plan. He wan to make Kps to become bluechip stock. The target price is RM8 before the 2008 election. Unfortunately, the Selangor changed hand. Then Datuk was kicked out from Kali after 1 year of service and the plan was sold off by Kali (Sold jaks and taliwork at loss, sold khsb to Kdeb).
i would like to stress that oil and water don't mixed together. Therefore, even though oil may drop to US 50, water stock will go up. No more conned by oil counter.
Thanks crownford_bl. Don't know Datuk Karim. All I know is KPS always give me dividend so I like this stock. Any business that can afford dividend yearly got to make good money. All hail Datuk Karim to return to KPS
i met this ongkali last 2 weeks ago during my trip to cambodia and i was sitting at premium sit on airasia plane together with him. i asking him about the splash deal. He blink one eye to me and this means the deal is positive.,
Jolie-Now I know who is Dato K. Raja Petra once said Dr M offer the PM job to him instead of Najib But Dr M condition is He (dato K) must listen/and do what he wants him to do. So you know who is the PM now
Oosh I was worry about Dato K (Umno man). Cannot return to KPS ( PKR flag bearer now) Anyway One blink from Ongkali - KPS arrived 1.40. Two blink 1.70. One blink from Azmin 2.20 Going to see my ampang jaya Parlimen representative--YB Azmin ( No Dato this year. Maybe KPS at 2.50 I will arrange a birth Party for him to blowup his change of receiving Dato title Next Year )
If the offer is 0.88 x book value, kps will get 1.34 per share from the sale of splash.
The current price of 1.33 is close to the splash deal. This have not included all the other asset (highway, gas company, hotel,property and abbas deal).
Let say total up together all this, this will give 1.34 + 1.00 = 2.34
Therefore, current share price still got room to go up.
If the deal is 1x book value, then this kps at least 2.60
ONE MORE STRESS ............ OIL AND WATER DON'T MIX TOGETHER. I'M JUST AN ORDINARY INVESTOR BUT SIKIT COMMON SENSE SCIENCE KNOWLEDGE.
Another Good day for KPS. All the scary chickens(perfectly normal) has returned back to the coop. Now we have to march in One direction only, left foot first towards 1.70 (second blink) Don't dive into Pao kung's guillotine the moment you hear explosion(bad news). Company book closing next week. No time for posting Merry Christmas and Very Happy New Year
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!
MQ Trader 894 views | 6 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk 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....
sudahkena
1,804 posts
Posted by sudahkena > 2014-12-05 08:16 | Report Abuse
The edge today....... gamuda still firm.. rm2.5b.....