Posted by steveooikp > 2016-11-25 16:41 | Report Abuse

hng33 and stockraider.... I am in at 93.5 sen...

Posted by r°Moi > 2016-11-25 16:43 | Report Abuse

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Ya... keep the piss off boiling in your belly...

But... should buy if you have the money... an opportunity

Cos... in the long run this low price is of no use even to rozali

But... in the meantime... watch closely.. to see... if there is shorting by shorties

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Posted by jacklintan > 2016-11-25 16:44 | Report Abuse

Bursa Malaysia governed with the SC. So,Kah Heong, don't simply think of the unnecessary lah.

Posted by steveooikp > 2016-11-25 16:48 | Report Abuse

let us hope for special dividend

Posted by steveooikp > 2016-11-25 16:50 | Report Abuse

who are in this counter now?
Please list your name.
1. steve

Posted by jacklintan > 2016-11-25 16:50 | Report Abuse

rmoi: what is shorting by shorties? explain pls

Posted by jacklintan > 2016-11-25 16:51 | Report Abuse

steveooikp: no profit how got special div???

Posted by steveooikp > 2016-11-25 16:53 | Report Abuse

got a lot of cash.

Posted by kahhoeng > 2016-11-25 16:53 | Report Abuse

rMoi, its crazy to buy into a company where majority shareholder does not consider minority's interests... Rozali has just shown you exactly that, yet since its listed, there's little SC or Bursa can do about him? If not because I have already bought this share, I would NOT even touch it for Puncak has shown clearly he has treated minority shareholders like garbage!

Posted by jacklintan > 2016-11-25 16:54 | Report Abuse

steveooikp: got cash, can consider meh?

Posted by firehawk > 2016-11-25 16:58 | Report Abuse

what is the tp i3 expert gives now?
2.00? 1.80? revised from 2.30-2.80!

Posted by DK66 > 2016-11-25 17:01 | Report Abuse

One of the most effective to scare the hell out of minorities is to report huge losses on provisions and create fear upon them and slowly drain out their patience and finally caused them to sell out on frustration.........After which, write back the provisions.

Posted by steveooikp > 2016-11-25 17:01 | Report Abuse

don't know.
I trust stockraider....
he has been in stock market many years....

Posted by kahhoeng > 2016-11-25 17:03 | Report Abuse

firehawk, cash is still about 2.50, Puncak IS worth between 2.30 and 2.80. I can't predict market or Rozali's behavior, and I can't tell you to buy or sell, and I still believe its worth given its cash company!

Posted by firehawk > 2016-11-25 17:04 | Report Abuse

thks!

Posted by Blink22 > 2016-11-25 17:04 | Report Abuse

Cash company also can drop like that?

Posted by SALAM > 2016-11-25 17:07 | Report Abuse

Definitely, Puncak has RM2.60 hard cash hoard. BUT...this is treated by Directors as ATM machine for their big fat pay..They don't need to rush into serious business which benefits the minority. They can sleep well with it..hmm RZL, RZL

Posted by steveooikp > 2016-11-25 17:16 | Report Abuse

see mmode...
cash company stand at 23 sens... now?
2 QR show loss... so?

Posted by rogers123 > 2016-11-25 19:22 | Report Abuse

I am in puncak this morning.... Queue at 0.95 cant sell it. So sad. I predict this stock will go to 0.81

Posted by rogers123 > 2016-11-25 19:24 | Report Abuse

Kahhoeng: U wan to form a group or not. If yes i wont sell. I can tell u this morning i bought alot

Posted by rogers123 > 2016-11-25 19:25 | Report Abuse

Ask hng to join la. But i don think he will join. He is one of the singkalan tooo

Posted by rogers123 > 2016-11-25 19:26 | Report Abuse

Good job Hng and Icon888.

Posted by steveooikp > 2016-11-26 09:25 | Report Abuse

so much cash
why don't give special dividend at RM 1 / share?

Posted by firehawk > 2016-11-26 09:40 | Report Abuse

the most important thing is, i3 expert is not making a wrong call ... i think rzl also not wrong, the also hopes his co. make money .... the only wrong is the market, the crazy investors selling, pushing down the price .....

Posted by steveooikp > 2016-11-26 12:39 | Report Abuse

who is i3expert?

Posted by jacklintan > 2016-11-26 13:29 | Report Abuse

steveooikp: got cash, no use. must have business. profiting business. If not, nothing can b done.

Posted by r°Moi > 2016-11-26 14:00 | Report Abuse

So... the selling was done by nobody... except retailers who were jittery

Posted by stockraider > 2016-11-26 14:06 | Report Abuse

R Moi,

After some deep research....raider found yesterday sales on puncak ...are mainly institution and not retailers mah....!!

Posted by r°Moi > 2016-11-26 14:06 | Report Abuse

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It is funny...

Despite being already in the piggy

Market seems to price unearned profits... higher than earned profits

Despite the inherent uncertainty...

Despite the huge margin of safety....

What is the rationality?

It is funny....

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Posted by r°Moi > 2016-11-26 14:09 | Report Abuse

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Neither a businessman nor executive chairman material... this rozali

Suggest to him to retire already

Get outside professional managers to run the company... professionally

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Posted by stockraider > 2016-11-26 14:12 | Report Abuse

Market is driven by sentiment....especially institution....they don want to look stupid to explain to their bosses....holding on to a loss making company with a falling share price, although in long term this maybe a smart thing to do mah....!!

Posted by r°Moi > 2016-11-26 14:17 | Report Abuse

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Kahheong... so is there a case to go the SC?

Think better to approach the MSWG...

In the coming AGM.. grill the board of directors... grill the auditors... to find out what is the matter... to see if recover loss from the offending debtor...

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Posted by r°Moi > 2016-11-26 14:19 | Report Abuse

But Lembaga Tabung Haji... has been buying lately

Posted by r°Moi > 2016-11-26 14:21 | Report Abuse

O... missed out... sorry... which institutions?

Posted by stockraider > 2016-11-26 14:25 | Report Abuse

Just go thru the list of top 30 shareholders mah....!!

Also tabung haji had been buying...but stop since 1st NOV

Posted by SALAM > 2016-11-26 14:30 | Report Abuse

They may buy to prepare petition for EGM to liquidate the co and return all cash to shareholders @ RM2.60 less 10% expenses..haha

Posted by r°Moi > 2016-11-26 14:44 | Report Abuse

Ok... got it.... institutions generally will not hold if no profits no dividend

Posted by stockraider > 2016-11-26 14:49 | Report Abuse

Correct...but this normal for a general fund or institution loh..!!
But they are also....specialize opportunistic fund that take advantage of situation too loh...!!

So puncak ..is sold buy general fund....but bought by specialist and opportunistic fund mah...!!

Posted by r°Moi > 2016-11-26 15:08 | Report Abuse

Ok new stuff... time to learn... examples of specialist and opportunistic fund would be like?

Posted by r°Moi > 2016-11-26 15:13 | Report Abuse

Ok a wild guess... think yield seeker would one right?

Posted by rogers123 > 2016-11-26 15:38 | Report Abuse

Just kick RZL's son out from the top. Everything will be fine. Hahahahah

Posted by curious2 > 2016-11-26 15:55 | Report Abuse

If got buyer and seller why still drop 7 sen?

stockraider Correct...but this normal for a general fund or institution loh..!!
But they are also....specialize opportunistic fund that take advantage of situation too loh...!!

So puncak ..is sold buy general fund....but bought by specialist and opportunistic fund mah...!!
26/11/2016 14:49

Posted by stockraider > 2016-11-26 16:06 | Report Abuse

Correct....if u r buyer....u want low low....to maxim...profit...unless got other buyer compete with u....willing to pay more loh...!!

Posted by davidtslim > 2016-11-26 23:42 | Report Abuse

Kahkeong: I think the issue of Puncak is about the questionable huge loss in its accounting. This should be the job of external auditor to verify the data. The report or account is still not audited. We should complaint to MAA of Malaysia. I am shareholder of Puncak.

Posted by stockraider > 2016-11-26 23:52 | Report Abuse

Puncak reported big forseeable losses on construction contract loh..!!
They had anticipated this contract going to be loss...so they have provided 1st mah....this required for the compliance current accounting standard loh...!!

The old days....of waiting for the loss to actually arise..tak boleh pakai anymore...if they forsee going to losses..in future they have to provide now loh...!!

External auditor need to verify and assure the treatment of forseeable losses is correctly done loh...!!
But not providing for forseeable losses...when they anticipate going to, will be wrong in the eye of external auditor and accounting standard loh...!!

Posted by angiess > 2016-11-27 00:16 | Report Abuse

I just wondering why SC allowed a company a chance to acquire new business?? If the core business is no longer exist.. SC should let the company delisted... initially they got listed the business has track records of profit for few years .. but purchase new busunesss how would anyone knows will make profit or not in future???

Posted by stockraider > 2016-11-27 00:20 | Report Abuse

Raider agree loh.....!!
There should be better safeguard, if core business are dispose loh...maybe...they should convert to a SPAC model....the dissenting shareholder who are against....should get their monies back loh...!!

Posted by madguy > 2016-11-27 01:05 | Report Abuse

who are in this counter now?
Please list your name.
1. steve
2. madguy


P/S no ppl wan list their name ??

Posted by rogers123 > 2016-11-27 01:10 | Report Abuse

3.Roger123

Posted by rogers123 > 2016-11-27 01:12 | Report Abuse

Hng has kept quiet now. He is the damn singkalan