Guys.. we can sell or transfer our OR to others right? Im refer to page 3 of the subscription form and my understanding we can do it at our stockbroker office.. am I right?
This coming 21 Apr 2017, another 1.517 billion shares subscribed at average cost of RM 0.10 - RM 0.105 per share will soon be listed. Do your maths, thereon price likely to drop kow-kow one.
The Harami Bullish Pattern is characterized by a small white real body contained within a prior relatively long black real body. 'Harami' is old Japanese word for pregnant. The long black candlestick is 'the mother' and the small candlestick is 'the baby'.
The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body, though it's preferable if they are. Pattern needs confirmation on the next candlestick.
Those that had purchased OR @ RM 0.005, their costs = RM 0.105. Those that had applied for excess, their costs = RM 0.10. Therefore on 21-04-2017, any price that can be sold above RM 0.105 will be profit for them. I am referring to new entrants and not original purchasers.
1st step of privatization change name from keladi to jkg (jasa kita group land) meaning this is the property arm of jasa kita group, obviously ...
(but price still considered high for privatization... have to think how to buy cheap cheap, save more money by sucking blood from stupid ikan bilis)
2nd step of privatization rights issue - hentam stupid ikan bilis kao kao without holding power or extra cash buy kao kao close to 1/3 of nta
(where to find? company backed with undervalued lands and assets, segambut land already worth close to the market capitalization)
3rd step of privatization underwrite shares not taken share dilution for ikan bilissss, increase majority for pkhkc Robert tan hc :) LOL stupid ikan bilis, so hai
4th step of privatization goreng goreng kao kao laughing 1/3 way to the bank
5th step of privatization MGO laughing 2/3 way to the bank (pay little for privatization cause use the money from 4th step)
6th step of privatization (killer's blow - killing two birds with one stone) inject asset into jasa kita berhad for a premium laughing all the way to the bank killed two birds with one stone, consolidate assets
can be easily carried out because major shareholder and proxies (for voting) will hold at least 70% of the company post RI. note that the RI and the selldown was coordinated in such a way to discourage subscription by ikan bilissss. underwriting all OR will earn a whopping 1516 x0.005 = 7.6M!! why entry of teh kian ming so close to the expiry of subscription? why not at all time low 0.11?
there are 2274M shares after RI, NTA 0.20 = 454M market cap assuming all rights he makan habis habis effective shareholding shot to 2274-636 = 1638M shares (72%) can MGO already to buy over 0.84 x 758M = 636M shares assuming MGO at 0.20 (full price la), needs 636M x 0.20 = 127M (usually less la) in total, cost to makan the company is 151+127 = 278M
278M to buy a company worth MORE THAN 2274 x 0.2 = 454M woh EARN WHOPPING 454-278 PROFIT 176M (63%)
not including revaluation and injection of assets into other listed companies so if you were pkhkc robert tan hc, you goreng ikan bilisssss or not?
not exactly sure about that, but why did they change keladi to jkgland? osk vs oskprop, sounds familiar? but anyway, they can just simply breakup the company into small parts and inject into other listed entities for a premium. privatize at book value, keep valuable assets, revalue and inject into other companies.. piece of cake for rich buggers
and look at how they pay the dividend when they owned more than 60% of gbh. also look at how gbh sell the segambut land to jkg. they treat a company well when they own majority of it
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....
sangjero
649 posts
Posted by sangjero > 2017-04-10 11:09 | Report Abuse
Very strong foundation at 0.125....Cannot go wrong