Posted by Good2harvest > 2022-06-17 23:13 | Report Abuse

ALR definitely link to goverment la.. otherwise Gamuda wont entertain them if not come with guarantee fund to show on the table for the offer. There is no such thing after getting all the necessary approval only come to tell you sorry I unable to raise fund. Nobody will entertain this kind of offer unless is from goverment. To raise 5b from goverment is easy job. As 2invest said, the most important is EGM result. Since PNB is allowed to vote, the deal most likely will go through.

Posted by csan > 2022-06-17 23:17 | Report Abuse

when alr made the takeover offer for litrak, it would have used a discount rate to value litrak's assets right? isn't that discount rate tied to the sukuk? if alr used 5% to value litrak's cash flow but the sukuk investors require 6%, then alr has to go back to litrak with a new, lower offer using the 6% discount rate isn't it?

Posted by 2Invest > 2022-06-20 12:33 | Report Abuse

2nd to EGM will be ESOS.

About 6-7M granted ESOS before 3/21 haven't exercised & not sure anymore ESOS granted after 03/21

Posted by SinGor > 2022-06-20 19:56 | Report Abuse

seriously if Litrak cannot raise the sukuk...there is no problem...Gov just extend the concession period. This
has been done a Thousand time. Gov donT have to tell anybody now but after 5--10years when economy
gets better..they will point out there is a micro small print at the bottom of the page that say.....

Posted by 80gram > 2022-06-21 10:27 | Report Abuse

closing 24 June?

Posted by 80gram > 2022-06-21 10:28 | Report Abuse

https://www.youtube.com/watch?v=o2PBfFuQBjc

Posted by csan > 2022-06-21 19:24 | Report Abuse

80gram, yes alr is supposed to announce the finalisation of the sukuk on 24 June. what interest rate, who gets the allocation etc. not that 24 june is d-day, +- 1-2weeks is fine. but if 2 weeks past 24 june still cannot finalise, means there are some problems. as i expect, it will be an interest rate problem. investors will demand around 6% rate and ALR will come back to litrak to reduce the takeover offer. then litrak can carry out the EGM to approve.

Posted by csan > 2022-06-21 19:51 | Report Abuse

ok pg 7 of the 8jun announcement says ALR estimates their interest rate to be 5%. with this rate that they anticipated earlier, i am 90% certain that the offer price will be reduced but it won't be that much. maybe 10-20sen per share, which is still definitely higher than the current share price.

Posted by Just88 > 2022-06-21 20:27 | Report Abuse

Why do you think WACC of 5% for ALR is not possible ?
************
csan

ok pg 7 of the 8jun announcement says ALR estimates their interest rate to be 5%. with this rate that they anticipated earlier, i am 90% certain that the offer price will be reduced but it won't be that much. maybe 10-20sen per share, which is still definitely higher than the current share price.

21 minutes ago

Posted by ziyang8896 > 2022-06-21 20:57 | Report Abuse

No u-turn to offer again for a lower price,main-main ke? Unless call off the deal,but I don't think so, can't find a good reason to call off the deal at this stage just because the interest..the rate hikes have been expected. Bank Negara announced rate hike in May but they still go ahead in Jun

Posted by 80gram > 2022-06-22 10:02 | Report Abuse

institutions/insiders not selling except one person.....so far, negative signals not much

Posted by 2Invest > 2022-06-23 11:26 | Report Abuse

Yup. Let's buy popcorn or Super Ring to watch the ending

Posted by SinGor > 2022-06-24 16:06 | Report Abuse

maybe announcement tonite Or Monday

Posted by Just88 > 2022-06-25 16:17 | Report Abuse

Syarikat Mengurus Air Banjir & Terowong Sdn Bhd (SMART) is among four highway concessionaires in Klang Valley to be acquired by Amanat Lebuhraya Rakyat Berhad (ALR) as part of the government’s plan to restructure Malaysia’s highway sector, as announced on 4 April 2022. While RAM’s cashflow assessment for this review is based on the Sukuk’s current repayment profile and SMART’s prevailing Construction and Concession Agreement (CCA), it is highly likely that the Sukuk will be fully redeemed over the next few months, considering the advanced stage of the sale of SMART to ALR.

As of end-April 2022, supplemental concession agreements (SCAs) had been inked to facilitate ALR’s buyout of the concession companies and is conditional upon the successful fulfillment of the SCAs’ condition precedents, including the concessionaires’ shareholders acceptance of the acquisition offers. The SCAs extend the tenures of the concessions, freeze toll rate hikes and cease government compensation for non-revision of rates. Meanwhile, terms of the draft share sale and purchase agreements have been finalised and are currently pending execution. Nevertheless, our analysis is based on the remote possibility that the ALR transaction fails to materialise and the existing CCAs remain in effect.

Posted by Just88 > 2022-06-25 16:17 | Report Abuse

https://www.ram.com.my/pressrelease/?prviewid=6021

Posted by Goldenhorse > 2022-06-27 17:05 | Report Abuse

ESOS again, Drop again drop drop maybe 4.5

Posted by ziyang8896 > 2022-06-27 19:51 | Report Abuse

No announcement?

Posted by csan > 2022-06-27 23:23 | Report Abuse

SinGor, where?

Posted by speakup > 2022-06-28 21:35 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/06/28/epf-buys-more-litrak-shares

Posted by csan > 2022-06-29 16:12 | Report Abuse

as expected, almost 1 week now and still no announcement of alr sukuk issuance. if nothing by 8 july, that means cannot meet the target completion date of 31 July since 21 days notice needed for EGM. i still expect the deal to go thru but at lower price.

Posted by IronShirt > 2022-06-29 18:00 | Report Abuse

only "scan" is interested in "target Completion" and all eventhough he doesnT own a single share ( atleast he didnT say how many shares he has Or what is his vested Interest ). We just drink Coffee and eat biscuit at
Gamuda and KPS

Posted by IronShirt > 2022-06-29 21:05 | Report Abuse

I watch a repeat( tonite) on TV1, in an interview--- senior Gov officer confirmed ALR takeover Gamuda Highway
is a done deal. He expects Gamuda EGM soon. Maybe announcement tomolo

Posted by csan > 2022-06-29 22:41 | Report Abuse

IronShirt, lol don't talk like a small boy. Talk about facts like mgs yield, discount rate etc. You, me and everyone in this forum can't influence the share price of something as big as Litrak. Only EPF and some directors can.

Posted by IronShirt > 2022-06-30 07:55 | Report Abuse

i pity you talk nonsense here everyday And dont own any shares

Posted by csan > 2022-06-30 10:57 | Report Abuse

small boy jumping to conclusions about share ownership

Posted by IronShirt > 2022-06-30 14:21 | Report Abuse

csan
small boy jumping to conclusions about share ownership
________________________

So i assume you are a "senior citizen". Stock Market is not suitable for you. We move very fast. I cannot
guide you across the Road every-time you get stuck on the road side. You should spend more time
checking MayBank FD rate.

Posted by rohank71 > 2022-07-03 23:23 | Report Abuse

EPF buy may be want to reject offer. and they buy later as they own PLUS. easy money for them

Posted by rohank71 > 2022-07-03 23:25 | Report Abuse

the ARL bond also max will be EPF as buyer. no loss to EPF. where to get 6% yield in this market.

Posted by rohank71 > 2022-07-03 23:26 | Report Abuse

EPF will be the winner which ever way. we just got to hold on and will get more than 6%.

Posted by 80gram > 2022-07-04 14:13 | Report Abuse

https://gamuda.listedcompany.com/misc/qr/Q322briefing.pdf

Posted by 2Invest > 2022-07-05 09:55 | Report Abuse

Thank you 80gram

Posted by Goldenhorse > 2022-07-07 14:55 | Report Abuse

The best part is Litrak said they will pay whole amount from the reserves of the company and the proceeds from the disposal. This means that even the profits for 2022 from the business before the sales complete. FUYOH extra money!!!

Posted by csan > 2022-07-07 20:48 | Report Abuse

CEO dumping like there is no tomorrow

Posted by DickyMe3 > 2022-07-08 19:14 |

Post removed.Why?

Posted by csan > 2022-07-08 23:44 | Report Abuse

ironshirt, who is going to pay the RM5.5 billion? you? lol

Posted by csan > 2022-07-08 23:54 | Report Abuse

you still have ignored the fact that ALR has not been able to raise any money 2 weeks after their 24 July deadline. you're unable to address this issue but instead deflected to my supposed "non-ownership" of shares hahaha. plus the Gamuda EGM is clear in that they said "subject to fulfilment of conditions" by ALR lol

Posted by speakup > 2022-07-09 14:46 | Report Abuse

sold some, balance wait for ALR takeover
dont be greedy, put some $ in pocket first

Posted by speakup > 2022-07-09 14:47 | Report Abuse

speakup bought litrak 3.80 during covid crash

Posted by csan > 2022-07-09 17:55 | Report Abuse

ironshirt, who said the issue is gamuda not wanting to sell? lol

Posted by csan > 2022-07-11 01:02 | Report Abuse

i said offer price maybe reduced a little bit, not a lot. who said gov don't want the highways? lol

Posted by csan > 2022-07-11 01:03 | Report Abuse

and who said gamuda got hardly any big projects? never read news ka? lol

Posted by rohank71 > 2022-07-12 08:25 | Report Abuse

Bond Yields are droping. a blessing for ALR.

Posted by rohank71 > 2022-07-12 08:26 | Report Abuse

long term Bond Yeilds are dropping. 5 to 10 years lower now Vs 2 or 3 weeks ago.

Posted by rohank71 > 2022-07-12 08:29 | Report Abuse

infact 20 to 40bp (5 to 10%) lower than peak in end March 2022. ALR is gonna make more and end concession earlier if they go to market to raise the Bonds now.

Posted by ziyang8896 > 2022-07-12 17:50 | Report Abuse

Why so funny? Only Gamuda announced EGM,what about KPS and LITRAK? Don't
they bind together?

Posted by csan > 2022-07-12 20:20 | Report Abuse

as expected, cannot meet deadline. but ironshirt will say its because ALR wants to offer higher price. hahahaha

Posted by hhc8 > 2022-07-13 12:05 | Report Abuse

Is it safe to switch my money from FD to buy Litrak to get better return. If they give back 5.08 and I buy at 4.80. My return is 5.54% in less than a year?

Posted by observatory > 2022-07-13 14:48 | Report Abuse

They are not comparable. You have to weigh the risk versus reward.
FD return is guaranteed. When was the last time a Malaysian bank failed to honor its FD commitment? Even if the bank fails, depositors are covered up to RM250,000.
On the other hand, it's not uncommon for such deals to fall through for a variety of reasons. The arbitrage trade is not without risk.
Gamuda and Litrak have just announced to extend deadline by 1 month. Even though I'm quite confident that the deal will go through eventually, I've sold off some shares to lock in profit.

Posted by SinGor > 2022-07-13 16:43 | Report Abuse

Notwithstanding the extension of the deadline for execution above, the Board aspires to execute the Definitive Agreements on or before 5 August 2022.
__________________________________

Extend another month, But trying to execute deal by 5 Aug 2022

Posted by speakup > 2022-07-14 07:45 | Report Abuse

speakup also sold some LItrak just in case deal dont go thru.
but keep some for deal go thru