Why Azmin is pressuring Puncak And say nothing about Splash? Maybe he knows something about Puncak that we don't Know. As far as I know, during Umno period land is loan to rather than sold. But you don't owned the Land--No Title. So maybe Puncak has built structures on land he doesn't owned. How can you transfer Asset if you don't own the land--Strata Title?? Some monkey business. Just my opinion
If Puncak deal does not materialise l think Kps will also b " toasted " . There is a suit overhanging by Syabas n Sel govt will not takeover water restructing partially what do u think ???
I think the final deal will be a political settlement. Right now Azmin & co is trying to drag Puncak thru the Mud. Those unkind words from Azmin in the last 2 days had me worried Puncak will missed the 2nd deadline. I think a feeler might have passed to Azmin and from the Ground level, Puncak is very tight-lip
i think the MB is facing new pressure especially the property development at Datum Jelatek, Hopefully, this political things do not make the water deal looks murky.
Actually Puncak has nothing to lose politically n financially if deal doesn't go thru it's business as usual n Syabas will continue suing for arrears outstanding . Back to square one !! Complicated politics n business cocktail mixture...
Have you initiate to a court case before--Samsoongyc? I have. Sued a tenant who owned me RM 7000. Laywer fees was RM10,000. Five years in waiting/Queue and court declared him a bankrupt. I didn't get back RM7000 rental but paid another RM10,000 for lawyer fees. And my lawyer will sue me if his fees is NOT paid (plus interest) So how many Water Defaulters are you talking about ?
Yes that is much better. But Sel Gov can play mahjong for 15 years. Many states Gov owed Fed money since independence times. You cannot bankrupt a State because it means you bankrupt the Sultan
So nothing to do with KPS. But KPS is making money all this while. Only Syabas is loosing his shirt and later his pants. Better take my Puncak shares from the freezer and start selling today. Maybe can buy back at 2.20
Puncak n Kps r interwine if Puncak deal kapuuuuuut.....what do u think will happen to Kps price ??? As Kps shareholder I wouldn't be so silly to whack Puncak !!!!
they may be announcement on dividend next month, with kps retained profit increasing, hopefully a special dividend to be given as angpow for the chinese new year.
Sold most of Puncak shares by 28 Jan. Don't know whether it is a good move then. But as of today I feel a little better. Maybe can buy back some on 10/11 Feb after Anwar's court decision. Further delay in Puncak deal will affect KPS position too. I think KPS's dividend will around 4-5%. Use dividend to buy more Puncak shares later
Will kps major shareholder offer to privatise the company ? After dispose water business all the debt will clear and become a cash company . Or maybe merge with TTDI ? Just a guess ...
There are 2 possible outcomes on 10 Feb for KPS. 1) Anwar walk Free 2) He goes to jail 1) Anwar walks Free--- Puncak's deal will be tied down until Fed's agree on a New Evaluation for Splash ( actually Splash is 60% PKR friendly and 40% Gamuda Neutral - Not friend Not foe ) 2) Anwar Goes to jail--- Fed immediately Offer very Good deal to Splash b'cos they are are afraid "Langat 2" will Anwar jail mate
Now we can go for puncak first .. puncak price so low .. after dispose the water business puncak share price sure will go up n up . then we just switch puncak to kps .some more I guess splash not so fast to reach the deal with fed n state gov . .
Now PKR has cornered Fed And I think Splash will be offer a better Deal. Langat 2 has a dug tunnel so what are Fed going to do with this White Elephant. Previously 1DMB's debt problem was taking centre stage so Fed is not paying too much time with Selangor's problem. Now things are turning for the worst after jailing Anwar
The ball is in Fed's leg And state is sitting on the side line. Now it is up to langat 2 cronies to apply pressure on Putrajaya. But made no mistake, once Najib Okay the deal there no time for people on sideline to make money--stock price will leap bcos the demand is huge after such a long wait. It is really a gamble you have to take.
Why Mr S is still collecting yesterday( 1.573M )? I think it is the possible gain from 1.50 to 2.50 ( 1.00 gained ) I based this on hng33 calculation that KPS will have RM2.00 nett cash per share from asset disposal (provide splash is offer 1X). KPS has only one majority share- holder--KDEB ( 60.7% shareholder ) that is unlikely to sell compare to Puncak. Puncak is most likely to gain around 3.50 if the deal goes thru..But the problem is will Tabung Haji let go its shares (6-8%of Puncak) since Puncak is no longer shariah compliant. If THB let go, then Puncak share will be capped at 3.20-3.50. Another possible seller is EPF, whose cost is around 2.70. When so many sellers let go because of huge demand, puncak will mostly capped at 3.0 - 3.10. The possible gained of only 35 - 40 cents ( cost at 2.70)
If Mr. Market can be rationalize & so predictable, the statistic on stock market winners should be 90% instead of 10%, meaning 90% of ppl invested in stock market make money and only 10% of the investors looses money...... ; )
by the way, appointment of Rafidah is pending approval in coming AGM ... ; ) I am not always 100% right, but at least I respect forumers who put in great effort in digging up fact & data before commenting on any counters ...... ; )
Dear Tornado, Puncak first run didn't break 3.15 has surprised many in Puncak blog. Everybody were looking for the Sellers but no avail. I found who the seller by accident. It is a Bank mutual fund that is doing the selling. The mutual fund manager even provide me a list of stock price that they are trading ( for my eyes only)
For a small cap like Puncak and KPS, Big players will dictate the final price. Small players like us has no said. Unlike Cimb whether EPF can buy 4M shares but small players can buy up to 6M shares a day
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SinGor
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Posted by SinGor > 2015-01-23 10:41 | Report Abuse
Why Azmin is pressuring Puncak And say nothing about Splash? Maybe he knows something
about Puncak that we don't Know. As far as I know, during Umno period land is loan to rather
than sold. But you don't owned the Land--No Title. So maybe Puncak has built structures on
land he doesn't owned. How can you transfer Asset if you don't own the land--Strata Title??
Some monkey business. Just my opinion