Posted by samsoongyc > 2015-12-04 09:47 | Report Abuse

kahhoeng
Probably will do the same

Posted by amma > 2015-12-04 09:48 | Report Abuse

looks like going to 1.50 this is a lanciau share!!

Posted by lctw87 > 2015-12-04 09:58 | Report Abuse

amma . i feel you..

Posted by kahhoeng > 2015-12-04 10:29 | Report Abuse

roger, what's your problem? I am writing to Puncak as a shareholder seeking verification and learning future prospect of Puncak. I am not MAD, more like hoping Puncak board to consider share buy back to add value to current shareholders given share price is at huge discount to its cash. Frankly, no idea what's wrong between you and hng33, and don't really care. Just hope this could be a place for investors of Puncak to share idea and protect interest.

Posted by e1shi > 2015-12-04 10:30 | Report Abuse

just wondering, why do they sell after ex-date? why not before ex-date.. any different?

Posted by special4u > 2015-12-04 10:37 | Report Abuse

e1shi: because they want to receive dividend

Posted by amma > 2015-12-04 10:38 | Report Abuse

ok...going to sell everything now...

Posted by amma > 2015-12-04 10:41 | Report Abuse

enuff of this lanciau share

Posted by kahhoeng > 2015-12-04 10:51 | Report Abuse

amma, if you are buying Puncak, you are buying on the fact that its exiting its Selangor water business and holding cash for future investment. If you don't trust the management of Puncak, surely, you should not buy in the first place. If you are buying, given current share price, probably best you can do is to finding ways to protect your interest, given that Puncak is holding more than 2.80 cash per share, not to mention its still holding to land and other that easily worth another 1.00 per share

Posted by titus > 2015-12-04 10:53 | Report Abuse

selling my balance too. this last batch break even because average cost is 2.61 previously. Really not sure what to say. Thought can reap a profit of 30% but now i think only 10%. I felt for those who purchase when it above RM3.

Posted by e1shi > 2015-12-04 10:57 | Report Abuse

special4u: they only receive dividend after 23 December. if they sell before ex-date, they can get the money by next week.

Posted by kahhoeng > 2015-12-04 11:00 | Report Abuse

roger, its hard to communicate with you. I believe in investing in stock market while you believe in gambling in stock market...

Posted by Roger123 > 2015-12-04 11:01 | Report Abuse

Kahhoeng: I have 4 stocks in portfolio. Puncak, kps, Jaks and instaco. Puncak and kps r the one which i made loss for selling. Jaks and Instaco provide me more than 100% return. Once i knew that puncak was given the instruction of "no one can touch" I have no choice but disposed all to free my cash

Posted by Roger123 > 2015-12-04 11:07 | Report Abuse

Use ur brain to think la. LTH bought puncak at 2.85++. Under syariah list, LTH has to sell when the price is break even to the cost. Means the price cant stay above 2.85 or else LTH has to dispose it. Do u think they will push the price up and force LTH to sell? Do u have enough money to buy LTH shares? 9%,

Posted by kjk85 > 2015-12-04 11:12 | Report Abuse

1.55 is the support. if you have holding power, just hold. remember this is umno counter, just like uems and FGV

Posted by jjchan > 2015-12-04 11:42 | Report Abuse

Roger-We have waved you --Goodbye. Why come back so fast??? Let Puncak R.I.P without you.
Coming back with sacasm ( after running out of tips)

Posted by msazle5535 > 2015-12-04 11:50 | Report Abuse

hmm

Posted by r°Moi > 2015-12-04 12:04 | Report Abuse

Wah.... the share price is behaving like the company has given out a RM 1 billion donation.... : )

Posted by Roger123 > 2015-12-04 12:13 | Report Abuse

Hahahaha. Pity u all

Posted by jjchan > 2015-12-04 12:40 | Report Abuse

Really. Or just waiting for the right time to jump in and jump out ( New Frog Master).

Posted by Roger123 > 2015-12-04 12:47 | Report Abuse

I wish it can fall down to 1.50, so i can buy and sell at 1.80

Posted by Roger123 > 2015-12-04 12:47 | Report Abuse

hahaha

Posted by annchua > 2015-12-04 12:47 | Report Abuse

Lucky to sell yesterday. .hahaha. .nett cash so high...but share price can't go up means cannot earn money. .what is the point to hold this stock?

Posted by Roger123 > 2015-12-04 12:48 | Report Abuse

This is wat i mean can see but cant eat

Posted by sudahkena > 2015-12-04 12:53 | Report Abuse

Can see but cant touch.... amoi maa

Posted by jjchan > 2015-12-04 12:55 | Report Abuse

Loss alot money in KPS and Instaco.--Roger. Have to come back to solid gold like Puncak.
Next week ALL goreng stock will drop another 20%---Instant Cold---woooooooo

Posted by FCM100 > 2015-12-04 13:12 | Report Abuse

Just to be sure..will I entitle the rm1 dividend if I sell today??

Posted by stkoay > 2015-12-04 13:17 | Report Abuse

FCM100. YES !

Posted by stkoay > 2015-12-04 13:22 | Report Abuse

I told Jacklintan to sell if the price trade above 3 after the takeover and dividend is announced......but the expert here said 'buy more' after the price fell back below 3 that day.......:))

Posted by RainT > 2015-12-04 13:23 | Report Abuse

Last few days keep on drop

Posted by RainT > 2015-12-04 13:24 | Report Abuse

Shld sell or keep
Till got hope
On its cash

Posted by FCM100 > 2015-12-04 13:26 | Report Abuse

Thanks stkoay! Left tiny little profit! Pathetic!

Posted by titus > 2015-12-04 14:31 | Report Abuse

Will today break 1.60?

Posted by kahhoeng > 2015-12-04 14:58 | Report Abuse

Wrote a letter to Puncak's investor relation this morning (an error on valuation, corrected below)

Madam Tan Bee Lian,

Based on the most recent quarter report, I have come to notice that, together with the most recent purchase of redeemable sukuk, the cash position of Puncak is at least RM 2.77 per share (see Appendix for derivation and data). May I know if my estimate of Puncak cash position is correct?

Based on Dec 04 morning's stock quoatation, Puncak is trading at 1.62 - 1.68 range. This is an equivalent of more than 40% discount to the cash that Puncak is holding, not to mention that Puncak has other net non-cash asset. Given situation, I was wondering if the directors and management of Puncak have ever considered buying back share to provide risk-free value-addition to current shareholders, besides calming shareholders' anxiety over shock on what has actually gone wrong with Puncak? Besides, what's the plan of Puncak Niaga going forward, given the dismay Puncak share price pointing towards a distrust on Puncak Niaga's future?

Thank you for your attention.

Yours Truly,

A concerned shareholder of Puncak Niaga

Appendix:
(in thousands)
Current assets
Short-term investments 11,397
Cash and bank balances 392,150
Non-current liabilities
Loans and borrowings 179,850 (of which 141,537 is for convertible sukuk)
Current liabilities
Loans and borrowings 42,717

Based on proceed from water deal of RM 1,554.3 million and current redemption of sukuk at RM 200 millions and assuming RM 33 million from warrant conversion,

the cash of Puncak = 1,554.3 + 11.397 + 392.15 - (179.85 - 141.537) - 42.717 + 33 - 200
before dividend = RM 1,709.817 million

With an outstanding shares of approximately 453 million
the cash of Puncak ex-dividend =1,709.817 - 453
= RM 1,256.817 million

Thus, net cash after taking out debt outstanding = RM 1,256.817/453
= RM 2.77

Posted by kahhoeng > 2015-12-04 15:12 | Report Abuse

fainted, just realize my emails to Puncak didn't go through at all, wonder if I should call to get an email address...

Roger, I believe I have mentioned before that I am not in the finance industry. I am investing based on my analysis through what's available without 'insider' knowledge, mostly through Bursa that offers facts and search engines for additional information besides forum like this. I believe you had never mentioned Puncak can't pass 3 because share price can't break LTH entry cost to avoid selling (except lots of who knows what you are talking about.) Since I have earlier posted about my analysis and viewpoints about Puncak, I think its only right if I keep doing it so long I am still investing in Puncak. And, still, I believe, post special dividend, not to sell below 2.00 and switch on extremely attractive alternatives @ 2.00 - 2.50, and fair value @ 2.50 - 3.00. The 0.20 difference is mainly due to the success redemption of sukuk without flooding the market with new shares (which would cause a NTA dilution of RM 0.20 per share of Puncak).

Posted by jjchan > 2015-12-04 15:16 | Report Abuse

1.61/1.62/1.63 Good meal today. Monday sell to Roger at 1.75---wakakaka

Posted by moomoo12 > 2015-12-04 15:21 | Report Abuse

are you sure jjchan ?

Posted by jjchan > 2015-12-04 15:25 | Report Abuse

Just pulling Roger's leg ( Oracle from No-man-land)

Posted by moomoo12 > 2015-12-04 15:32 | Report Abuse

techincally this counter is not looking good, i can foresee it going to 1.50 soon..

Posted by kahhoeng > 2015-12-04 15:49 | Report Abuse

moomoo12, frankly, I have had difficulty understanding technical analysis. May I know if you base your analysis on day chart? Which indicators that gave you the impression, especially when the special dividend is just ex-date today?

Posted by moomoo12 > 2015-12-04 15:55 | Report Abuse

weekly...charting is not easy..but u can see selling vol is a lot, especially in afternoon and every day hiitting new low, not a very good sign

Posted by jjchan > 2015-12-04 15:58 | Report Abuse

moomoo12. On 27/12 a few TA swear by their Nuts that XoX is going to rebound but instead
it dropped by 30%--on Fri alone and then another 20% and today drop again.
Now that they have lost their nuts, maybe chicken head will be used.

Posted by moomoo12 > 2015-12-04 16:02 | Report Abuse

counter like xox u cant use charting...synd control everything...u guys sure lose one

Posted by jjchan > 2015-12-04 16:04 | Report Abuse

Roger in Instaco. Today syiok-ma. Woooo--very cold

Posted by wonderboy > 2015-12-04 16:12 | Report Abuse

Just curious how many shares of puncak u guys got... ._.

Posted by annchua > 2015-12-04 17:37 | Report Abuse

Hopefully this counter continue to dive...to 1.50 then 1.40...:)

Posted by jjchan > 2015-12-04 19:57 | Report Abuse

1.66 will be the new bottom on Monday.

Posted by jjchan > 2015-12-04 20:09 | Report Abuse

Roger submit your holiday itinerary here----we can have peace for 3 months ( i hope you made
millions from Instaco and retired for Good )

Posted by CUTLOST > 2015-12-06 11:27 | Report Abuse

Puncak will dive to 1.41..so many people buy..it's so attractive for contra player and greedy ppl come to caught falling knife..next week hope go back to 1.80 and ready to set off.

Posted by annchua > 2015-12-07 08:26 | Report Abuse

This stock has no more attractions. .it will continue to dive..