New mover and Shaker is Puncak. The flag bearer for Water Asset Stock. Looks like for every 15cents Puncak gained, KPS goes up by 5 cents. So IF puncak goes back to 3.45, what is KPS price looks like? Maybe 1.68. However I think Puncak rally will be full off Ups and downs because many punters will cashout before 2015 CNY. Imagine RM 1 gained at 3.45 or so. Why wait for dividend.
the weekly edge this week has written positive comment on Gamuda at the warrant column It mentioned that CIMB analyst comment that the change of leadership in selangor should bring about better chances for Gamuda to divest Splash at better prices than what was previously offered.
KPS is tagging alone Puncak. But KPS has fully recovered from 1.10 to 1.48. However Puncak has only recovered 50% from its recent dropped ( 3.40 to 2.35 ). So there is hope KPS might reached 1.80 - 1.90 IF Puncak reached 3.50 on 8 Jan 2015. What a wonderfully 2015!!
If State willing to increase offer from RM 250m to up to RM 2.50 bil for splash at 1 x book value, then, KPS 30% stake in splash will value at RM750m or RM 1.50/share. If take into account KPS 91% Abbass and its current exiting cash for another RM 250m cash, the total after water assets disposal will pocket KPS net cash RM 1.0 bil or RM 2.00/share.
For many moons, I keep thinking what KPS will look like after disposing ALL its water assets. The only option left is still Water Related Assets or services. Because Oil & Gas = Petronas = Umno controlled. Palm Oil - where to find lands in Selangor for palm plantations ( Industrial land offer better return ). Highways = Government Contract = Umno controlled. Construction - Commercial Building - Dead for the next 3 years. Textile Or Electronics factories (manufacturing) 75% already moved to China. Tourism--maybe. But with--MAS and Airasia crashes tourism takes many months to recover.
the star today reported the dry season expected soon in between jan and march. the new splash deal may be announced soon before the dry season kick in. Maybe on 6 Feb 15 (Friday). ... before the chinese new year. Every business paper talking positive about the deal. Ini KaliOng.
kps share price movement would be less affected by puncak. As kps holding 30% of splash and gamuda holding 40%, the share price is more stable at this moment as epf, kwap, amanah saham is accumulating Gamuda share to standby for the positive splash deal. See below the transaction for Gamuda since Dec 14.
1/12/2014 Kumpulan Wang Persaraan (4,649,300 units Transacted) 1/12/2014 Employees Provident Fund Board (950,000 units Transacted) 2/12/2014 Employees Provident Fund Board (2,000,000 units Acquired) 3/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (3,930,900 units Transacted) 3/12/2014 Employees Provident Fund Board (3,045,500 units Transacted) 4/12/2014 Employees Provident Fund Board (6,164,800 units Transacted) 4/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (5,000,000 units Transacted) 5/12/2014 Employees Provident Fund Board (215,000 units Disposed) 8/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (3,695,100 units Transacted) 8/12/2014 Employees Provident Fund Board (1,947,300 units Transacted) 9/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (2,133,000 units Transacted) 9/12/2014 Employees Provident Fund Board (2,298,100 units Transacted) 10/12/2014 Employees Provident Fund Board (126,700 units Acquired) 12/12/2014 Employees Provident Fund Board(1,173,200 units Transacted) 12/12/2014 Employees Provident Fund Board (4,692,100 units Transacted) 15/12/2014 Employees Provident Fund Board (2,454,400 units Transacted) 15/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (1,489,800 units Disposed) 16/12/2014 Employees Provident Fund Board (2,949,800 units Acquired) 17/12/2014 Employees Provident Fund Board (1,584,700 units Acquired) 18/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (2,077,000 units Transacted) 18/12/2014 Employees Provident Fund Board (3,239,200 units Transacted) 19/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (1,000,000 units Acquired) 19/12/2014 Employees Provident Fund Board (1,850,000 units Acquired) 22/12/2014 Employees Provident Fund Board (1,179,500 units Acquired) 23/12/2014 Employees Provident Fund Board (1,000,000 units Acquired) 23/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (1,077,300 units Transacted) 24/12/2014 Employees Provident Fund Board (1,962,200 units Transacted) 24/12/2014 Kumpulan Wang Persaraan (Diperbadankan)(236,700 units Transacted) 26/12/2014 Employees Provident Fund Board (1,350,000 units Disposed) 29/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (1,290,000 units Disposed) 29/12/2014 Employees Provident Fund Board (955,900 units Acquired) 30/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (4,228,200 units Transacted) 30/12/2014 Employees Provident Fund Board (111,700 units Acquired) 31/12/2014 Kumpulan Wang Persaraan (Diperbadankan) (1,000,000 units Acquired) 5/1/2015 Skim Amanah Saham Bumiputera (500,000 units Acquired) 5/1/2015 Employees Provident Fund Board (148,700 units Acquired) 5/1/2015 Kumpulan Wang Persaraan (Diperbadankan) (2,665,000 units Acquired) 6/1/2015 Employees Provident Fund Board (2,331,500 units Acquired) 7/1/2015 Kumpulan Wang Persaraan (Diperbadankan) (1,597,900 units Acquired) 7/1/2015 Skim Amanah Saham Bumiputera (142,800 units Acquired) 8/1/2015 Skim Amanah Saham Bumiputera (15,600,000 units Acquired) 8/1/2015 Employees Provident Fund Board (140,000 units Acquired) 9/1/2015 Kumpulan Wang Persaraan (Diperbadankan)(200,000 units Acquired) 9/1/2015 Skim Amanah Saham Bumiputera (400,000 units Acquired) 9/1/2015 Skim Amanah Saham Bumiputera (600,000 units Acquired) 9/1/2015 Employees Provident Fund Board (783,700 units Acquired)
probably they only buy those "leader" in the industry ... since gamuda holding the most share. Any movement will be a "giant" step.... "gigantic" gain for them. They probably got hint that the deal will make them rich. If not , they will not put so much public money inside it with the risk of splash shareholder losing rm2.55 bil for the offered of 0.09x book value instead of 1x book value,
The state and fed govt have to close this deal fast as splash is a money making machine and the shareholder fund is growing with time. They have to pay higher if keep on delaying .
Puncak drops could be 2 reasons. Syndicate has moved in (big inducement 1 RM dividend) Two, bad bad business proposal -post sale. O&G and Palm main business. If KPS offer the same business proposal, I would sell every lot I have.
There is a real political play in Puncak deal. Anwar and Azmin have no monetary gain But just to arm twist Fed into submission is far better satisfaction to them. Lets the wayang goes on.
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jolie2
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Posted by jolie2 > 2014-12-21 09:44 | Report Abuse
kali now got "ong" already. Now kali has transform to ONGKALI
0.1 book value will also transform to 1.0 book value. Very onggggggggggggggg this time.
splash current book value is at 2.8 billion as its accumulated profit is increasing . The fed and selangor govt will settle the deal fast .