Posted by Ooi Teik Bee > 2014-11-06 23:42 | Report Abuse

According to MSWG, using Black Scholes model to calculate OSKProp-WC, the fair value is 2.05. This mean OSKProp fair value should be around 3.05. Forward PER of 7.6 which is still lower than market norm of < 8.00 times.

Posted by ww123 > 2014-11-07 09:25 | Report Abuse

Thank you for putting up such a good report in the Nanyang newspaper about our forum held with MSWG today. So now the public & our small shareholders will realised the actual price of our OSKP & PJDEV worth. so please hold on tight to our shares now. and bargain for Rm3.00 for OSKP & rM2.60 for PJDEV.

Posted by azlan88 > 2015-02-12 21:12 | Report Abuse

Record profit and revenue. EPS 42 cent. This year will be maintain with recurring income from Atria Shopping Gallery. Fair value shall be more RM3.80. OLH must raise offer..

Posted by Ooi Teik Bee > 2015-02-12 22:24 | Report Abuse

I talk with facts and figures. I do not plug the figures from the sky. Unfair offer for OSKProp and PJDev. I am not a person like to bad mouth anyone, I just want to talk about fair deal. Please understand our feeling when a deal is structured in such unfair way. All minority shareholders are suffering. Truth will prevail.
Thank you.

Posted by azlan88 > 2015-02-26 22:49 | Report Abuse

OSKProp is promoting their Atria Shopping Gallery in LRT. Guess it will be officially launched soon.
Good for recurring income

Posted by kudamuda > 2015-03-05 15:58 | Report Abuse

azlan88, there is another Atria shopping mall at Cheras. But that one should be under PJDev. How's the Atria response that you see at LRT?

Posted by azlan88 > 2015-03-07 20:10 | Report Abuse

yes PJDev and OSKProp owned by same shareholder. I don't know the response to Atria since I have yet to pay a visit there.

Posted by r°Moi > 2015-03-13 14:47 | Report Abuse

Now than ever before what OLH has cooked up maybe be having a problem with SC

With OSKP at around 1.90 and PJD at around 1.49 now.. vs the offer price at 2.00 and 1.60... OLH may well be held guilty of injecting directors/shareholders personal assets into OSK at over valuation

SC may just instruct OLH to reduce the offer price to 1.90 and 1.50

HaHaHa...... And the minorities will cry again... louder.. Where got justice!! Where got justice!! Where got justice!! Oh lord Where got justice!!




This is not a merger... it is a related party transaction involving injection of directors/shareholders ie OLH's personal assets into OSK


In a related party transaction involving injection of directors/shareholders personal assets SC would be more mindful of over valuation...

Posted by azlan88 > 2015-03-14 00:09 | Report Abuse

Overvalue? You must be kidding. Haha

PJDev and OSKProp has been traded higher before the announcement and their net asset is definitely higher than the share price. Certainly not overvalue but deeply undervalued instead.

Posted by SinGor > 2015-03-14 07:01 | Report Abuse

Puncak NTA is RM5 but share traded At RM2.55. In bursa NTA don't count for anything
especially construction co.("S***")

Posted by azlan88 > 2015-03-14 07:17 | Report Abuse

NTA is one thing. Another will be their EPS. Puncak EPS is around 30 cent while OSKProp EPS is 40 cent.

Posted by r°Moi > 2015-03-14 15:04 | Report Abuse

If thete is no over valuation of his personal assets to be injected into OSK... then this would be a done deal


Complain as you like..... but think in today's disclosure based regime... it is not likely SC will interfere on the offer price



Posted by r°Moi > Mar 8, 2015 11:02 AM | Report Abuse X

I think.. the most SC can help the minorities of OSKP and PJD is to impose a condition asking OLH to disclose the most current valuation of OSKPs and PJDs properties... SC is unlikely to interfere beyond this

In a related party transaction involving injection of directors/shareholders personal assets SC would be more mindfull of over valuation... that is not the case here

Posted by azlan88 > 2015-03-19 14:18 | Report Abuse

huge volume these 2-3 days. Someone selling and another party buy.

Posted by enid888 > 2015-03-22 00:52 | Report Abuse

Another tycoon is trying to take Hunza private. Offer price is RM 2.50 for a company that is worth (RNAV) RM7.50 per share. Minorities must say no to this kind of bully, taking advantage of small shareholders. If u r interested, pls go to comments on Hunza in i3.

Posted by enid888 > 2015-03-22 01:01 | Report Abuse

Comments On Hunza

The NTA of RM3.50 per share are based on the prices when the properties were bought years ago which was much lower than the current prices. The properties had appreciated substantially especially since 2009.

Based on the research by Alliance Bank analyst, Bernard Ching dated 15/5/13, the RNAV was RM6.55 per share in May 2013.

Please go to Bursa Malaysia website, type Hunza and u can find the research report.

The current NTA should be even higher than 6.55/share bcos the land prices and Gurney Paragon has appreciated a lot since the report was written. The current NTA should be more than RM7.50/share.

Furthermore, 10% of the share has already been bought back by Hunza, the NTA should be even higher.

Posted by enid888 > 2015-03-22 01:04 | Report Abuse

Comments On Hunza

The controlling major shareholders know the actual value of the company very well. They know that it worth more than RM7.50 a share. That is the reason they want to take it private at RM2.50.
It is like buying your terraced house worth RM750,000.00 at the price of RM250,000.00. Do you want to sell your house at RM250,000.00?

Their intention is to relist the company again few years later at RM7.50 a share and they will be 3 times richer. We as small shareholders are in the dark and fortunately thanks to the analysts' research papers n informations that are available from the annual reports and internet, we can find out the actual worth of the company.

I will not accept the offer price of RM2.50. I will be present to cast my vote.

Posted by azlan88 > 2015-03-25 18:40 | Report Abuse

In the circular, it said that PRIMA will buy RM374 mil worth properties (RM56 mil land + RM318 mil houses). This work out to be RM 268,000. Believe that they will make around RM40,000 per house, assuming 15% profit, and total profit will amounted RM56 mil. Their profit can be higher if we take account low land cost when they acquired BPJ land. However, I would not dare to buy their Prima Houses judging from response of BPJ house owner.Search their Fb

Anyway, Atria Shopping Gallery will be opened officially end April. Mall tenancy have reached 80%.There will be 1700 parking lots for mall and Atria SOFOs.

Posted by azlan88 > 2015-03-25 18:42 | Report Abuse

Btw sales maintained at around RM812 mil last year and unbilled sales at RM850 mil.

Posted by azlan88 > 2015-04-11 20:40 | Report Abuse

huge amount of warrants being converted ahead of dividend ex-date next week.

Posted by Shaun Loong > 2015-04-15 23:52 | Report Abuse

My first blog post - http://klse.i3investor.com/blogs/IMA/74857.jsp

Posted by azlan88 > 2015-04-26 20:59 | Report Abuse

in The Edge today, there is an article in regard to their Atria Shopping Gallery. Slated to be opened on May 28, instead of this month, Atria is expected to draw big crowd from surrounding neighbourhood. Targeted to mid to affluent, Atria has Net lettable area of 470,000sq.ft in which 82 % has been occupied. Rental income will be more than RM1 million/month.

Posted by sob8 > 2015-05-05 17:18 | Report Abuse

why dropped so much today? buy back price is rm2. why would ppl sell it at lower price?

Posted by III > 2015-05-11 21:59 | Report Abuse

just receive dividend from OSKProp, waiting it recover back to RM3 above

Posted by Icon8888 > 2015-05-12 19:31 | Report Abuse

19 sen EPS in latest quarter !! If not because of OLH's lousy deal, investors like me, OTB, Brendon Yeap, etc will be laughing to the bank now...

fate fate fate.... (shake my head in dismay)

Posted by Ooi Teik Bee > 2015-05-12 19:43 | Report Abuse

Never mind, win some lose some. Likewise, he also wins some and loses some later. Presently, he wins a lot.
He will also lose big without him realize it later.

Fate is like stock market, sometime you win sometime you lose. Make sure you win big and lose small.

Thank you.

Posted by Icon8888 > 2015-05-12 19:48 | Report Abuse

thumbs up for OTB

Posted by YOLOOOO > 2015-05-12 20:57 | Report Abuse

result so cantik

Posted by azlan88 > 2015-05-12 21:33 | Report Abuse

wow. Q1 result almost half of full 2014. if not for OLH, OSKProp must be worth RM4.00++ right now. hurm.

Btw, proposal for OSK to acquire OKSProp and PJDev has been approved
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=64806&name=EA_GA_ATTACHMENTS

Posted by III > 2015-05-12 22:44 | Report Abuse

1.96. undervalUE price....

Posted by Ooi Teik Bee > 2015-05-12 23:54 | Report Abuse

Posted by Icon8888 > May 12, 2015 07:31 PM | Report Abuse

19 sen EPS in latest quarter !! If not because of OLH's lousy deal, investors like me, OTB, Brendon Yeap, etc will be laughing to the bank now...

fate fate fate.... (shake my head in dismay)

Posted by azlan88 > May 12, 2015 09:33 PM | Report Abuse

wow. Q1 result almost half of full 2014. if not for OLH, OSKProp must be worth RM4.00++ right now. hurm.

Btw, proposal for OSK to acquire OKSProp and PJDev has been approved
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=64806&name=EA_GA_ATTACHMENTS

Posted by Ooi Teik Bee > May 12, 2015 07:43 PM | Report Abuse X

Never mind, win some lose some. Likewise, he also wins some and loses some later. Presently, he wins a lot.
He will also lose big without him realize it later.

Fate is like stock market, sometime you win sometime you lose. Make sure you win big and lose small.

Thank you.

Ans : I can afford to lose some, many of investors are crying foul play. I think it over, I hope justice is done on this unfair act.
Thank you.

Posted by rikki > 2015-05-13 00:05 | Report Abuse

Am i right to say that the plans have been approved by SC but the proposed voluntary take-over offer may or may not succeed bcoz it depends on the rate of acceptance ???

Posted by rikki > 2015-05-13 00:12 | Report Abuse

Sorry, OSK Prop is proposed mandatory take-over offer but PJD is proposed voluntary take-over offer.

Posted by kai8994 > 2015-05-13 00:20 | Report Abuse

rikki you are right, shareholders of PJD and OSKProp still need to decide whether to accept or not.

Currently, a company that is subject to a take-over offer is required to appoint an independent adviser to provide comments, opinions, information and recommendation on the take-over offer in an independent advice circular. The independent advice circular is subject to the SC’s review and has to be cleared by the SC before it can be issued and despatched to the offeree shareholders.

The take over rule not applicable here? Where is the independent advice circular?

Posted by Ooi Teik Bee > 2015-05-13 00:36 | Report Abuse

For PJDev shareholders, please reject the offer.

PJDev will continue to be listed on Bursa. The share price will return back to its intrinsic value.

Thank you.
Ooi

Posted by GGmalaysia > 2015-05-13 01:32 | Report Abuse

tomorrow i hoot pjd 20 lots.... it would be shitty to think that pjd shareholders would allow the takeover to take place

Posted by GGmalaysia > 2015-05-13 01:34 | Report Abuse

@OTB: based on your expectation, i think we should buy OSKH to compensate our lost. do you think it is a good move?

Posted by Ooi Teik Bee > 2015-05-13 06:12 | Report Abuse

I am not interested.

Please decide yourself.

Thank you.

Posted by III > 2015-05-13 08:54 | Report Abuse

Cant accept this offer...

Posted by dalpinia > 2015-05-13 12:18 | Report Abuse

Please correct me if I'm wrong:

Example: I got 5000 share of PJD, right now OSK is offering RM 1.56 of 5 share to exchange with the new share of OSK Holding of RM 1.95 for 4 share.

Based on current price of OSK Holding (~RM2.2) then if the deal sucessfully approved by all the shareholder then PJD holder is enjoying the deal by exchanging the OSK price at RM2.2.

Moreover: May have free warrant of every 4 OSK share and special dividend of what I heard is 15 cents per share.

The future of new merging OSK Holding is very bright!!! Based on blog below:

http://klse.i3investor.com/blogs/kianweiaritcles/76457.jsp

Posted by dalpinia > 2015-05-13 12:18 | Report Abuse

Seems like we can BUY more PJD now!!!

Posted by III > 2015-05-13 12:28 | Report Abuse

Got PPL know if I wan 1:1 exchange with Oskh intead of receive 1.95, what procedure need to do?

Posted by azlan88 > 2015-05-13 12:47 | Report Abuse

It is better to buy OSKH rather than buying PJD. Post injection of OSKProp and PJDev, OSKH will be more valuable since it can include OSKProp and PJDev result into their profit and loss.

After the proposal have been approved by SC, next all OSKH/OSKProp/PJDev will appoint independent advisors to advise minority shareholders. These independent advisors will advise minority shareholders to reject or accept the proposal. These companies will publish circulars to shareholders and call for EGM to vote. Let say the proposal have been approved by EGM attendees, then it is up for minority shareholder to convert their shares to OSKH or received money (RM1.95 for OSKProp/RM1.56 for PJDev). For me I think better convert to OSKH for future benefit if OSKH sells their stakes in RHB Cap.

I believe OSKProp intentionally released their result yesterday and showed a good one so that independent advisors will advise to reject the proposal. Believe that OSKH wont increase the offer price, but OSKProp will definitly being absorbed by OSKH. As for PJDev it depends..
You know OLH game is very dirty.

Posted by III > 2015-05-13 14:18 | Report Abuse

I also believe use conversion just wondering procedure only

Posted by siawhui > 2015-05-13 15:11 | Report Abuse

Fxxx

Posted by siawhui > 2015-05-13 15:14 | Report Abuse

Olh offer is so much under value so all oskp share holder must reject the offer

Posted by Lee Victor > 2015-05-13 16:00 | Report Abuse

You know OLH game is very dirty. ...yes

Posted by III > 2015-05-13 16:05 | Report Abuse

Rejecting

Posted by enid888 > 2015-05-13 16:27 | Report Abuse

The EPS for Q1 is 19.85 sen. The full year EPS could be between 50sen to 60 sen per share because the development projects are in quite advance stage. The share price should be at least between RM4.00 to RM4.80 based on 8 times PE. Basing on 10 times PE, the share should trade between RM5.00 to RM6.00. I think the EPS of 50 sen to 60 sen is achievable because the projects in Cyberjaya, Atria Sovos and Mirage KL are in advance stage of developments and more profit can be recognised.

Posted by bluebiznet > 2015-05-16 01:53 | Report Abuse

no need to reject the offer. i hold same quantity of oskh, oskp and pjdev.
i will accept the convert oskh offer. but cash offer.. NO NO NO!

Posted by III > 2015-05-16 12:06 | Report Abuse

Never cash offer...