Posted by steveooikp > 2016-12-22 13:30 | Report Abuse

firehawk - may I know your portfoilos and the entry price? do u mind?
I would like to know what counters I can hold now.

Posted by r°Moi > 2016-12-22 13:37 | Report Abuse

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Why PEB?


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Posted by r°Moi > 2016-12-22 13:42 | Report Abuse

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Why PEB.. why not buy the listed TRIplc... directly?



So sneaky




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Posted by r°Moi > 2016-12-22 13:44 | Report Abuse

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To complain to SC....


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Posted by firehawk > 2016-12-22 15:20 | Report Abuse

Ha Ha steve, if i want to reveal my portfolio, I may hv joined the i3 portfolio group :-)

i come to this forum, mainly for fun loh ... ha ha, besides see what other ppl say and absorb infos. i also refer to other ppl portfolio, but not take it without review. like this morning i left a posting in AEMULUS, bcos i found this ctr in TanKW portfolio, leave mssg there is fun, but i don own a single stock :-)

keep some cash for next yr bargain ... look for those earning USD!

for active managed ctrs, now my main holdings are Armada and KPS.

for Armada, i start buying last month @.62, I choose Armada, bcos i'm quite sure it will turnaround + is owned by Ananda (i feel like didn't hv any ctr Ananda failed, do u remember any? do u know Ananda even has satellite business? very long time ago, there was a ctr called Measat, Ananda taken it private, and i'm one of the offeree ;-) since Ananda has vast experiences, quite sure he can solve the crooked-up, yesterday I left a mssg in Armada forum, saying, PNB selling @.62 could be proven wrong, in contrast, i could be wrong, some more, it is PNB, who dare to say so, i said it is very fun ... let time tells .....

after i bot, Armada dropped, even to 50sen (how many %? i think >20%), i bot a few batches more, now, is bouncing back ......

for KPS, i trade from the beginning of this year (i come in a bit late), for 9 mths, i even can achieve the return of 44% (bcos i buy and sell). To my surprise, those talking puncak, puncak, puncak .... don bother about KPS, but this is a related counter! and can give very good return. so, steve, if u r not in KPS now, no harm to study about the story behind, u will find it very interesting .... bcos there is a theme about Ongkili gives ang pao next year! :-)

Posted by firehawk > 2016-12-22 15:35 | Report Abuse

for OSK, it is not quite active, i started bot @1.54, i will buy a batch for every 7~10sen(5%) drop ....

Posted by steveooikp > 2016-12-22 15:58 | Report Abuse

firehawk..

you bot osk 1.54... I bot 1.53...

ok, at least I hv a partner in osk....

did you collect again for osk... now 1.40... already down 8.5%

Posted by firehawk > 2016-12-22 16:40 | Report Abuse

steve, i bot my 2nd. batch @1.44, after i bot ... there was one day, at the last trading period, a big bunch (>1000 lots) of buying @1.53, i sold it, i think many also had a chance to sell, bcos the buying is waiting there for ppl sell to him .... then i bot back @1.43 ....

this buying incident confirm my suspicion he manipulate the price!

Posted by r°Moi > 2016-12-23 07:56 | Report Abuse

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So... you dont know why PEB?


Think harder.. why it is sneaky


If still cant.. then only r°Moi will tell how you have been had by rosali




steveooikp PEB --- so PEB got 210 million lah.
Triplc got zero....
benefit to both puncak and rzl lah...
22/12/2016 15:18

Posted by steveooikp > 2016-12-23 11:17 | Report Abuse

r0 moi - do u have puncak?
now all counters drop... what you expect?

Posted by rogers123 > 2016-12-23 11:43 | Report Abuse

Very sad. Puncak kept falling. Thinking to sell if continue fall.

Posted by steveooikp > 2016-12-23 11:46 | Report Abuse

most counters fell....
even those are making profits...

Posted by Jay > 2016-12-23 12:17 | Report Abuse

my take on the Triplc deal

http://klse.i3investor.com/blogs/purelysharing/112371.jsp

Posted by kahhoeng > 2016-12-23 14:00 | Report Abuse

Jay, if the deal is so good, Puncak share price will not be as low as 0.89. In addition, if the board is so firm on the value creation, why not roll out a cash out option to minority shareholder like me who is pissed off over the board's inaction for the past few months after AGM? I am not expecting much, just 2.50 per share, Puncak's current cash per share, a shy off the 3.41 net asset per share Puncak is holding now.

Posted by RojakInvestor > 2016-12-23 14:27 | Report Abuse

looking cheap to consider buying...hmm

at 52weeks lowest

btw companies all over the world will not look out for its minority shareholders...the business world is unfair...get use to it

Posted by kahhoeng > 2016-12-23 14:36 | Report Abuse

rojakinvestor,i never said this world is fair, but it will be worse if minority shareholders keep silence and never fight back... BTW, I am only asking for 2.50 and its NA is 3.41

Posted by steveooikp > 2016-12-23 14:54 | Report Abuse

not only puncak lah.
plenty of companies on bursa now is worth more than the current share value, but they are currently undervalued.

See WTK, OSK, coastal, puncak, pantech, mmode ... all these companies are undervalued...

so what, share not moving ... nvm... but heading south...

what can we do? unless we are qualified as MO2 MO3 MO4 or hippo 2 hippo 3 hippo 4... etc.... otherwise, no need to say much....

but to be qualified as hippo - you must learn to save, so you can buy handbags and diamond ring...

Thank you.

Posted by RojakInvestor > 2016-12-23 14:57 | Report Abuse

then keep on asking kakheong haha

good luck to you

Posted by kahhoeng > 2016-12-23 15:29 | Report Abuse

steveooikp, Puncak is valued at 36% cash! Any of WTK, OSK, coastal, pantech, or mmode having the same problem? Don't cite me China companies listed in Malaysia, I am not holding a China company in my portfolio and the China companies have core businesses while Puncak doesn't have one...

Posted by rogers123 > 2016-12-23 16:09 | Report Abuse

Jay: u cant compare like this.

Posted by kahhoeng > 2016-12-23 17:56 | Report Abuse

Puncak proposes to buy TRIPLC at 210 million, yet TRIPLC's market cap is ONLY 135 million, wonder why? If Puncak traded at 36% cash, will TRIPLC share the same fate pre- or post- deal?

Today's announcement is another big joke! Director Jumsi selling at discount?!? Wonder another why...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5298209

Particulars of Director
Name JUMSI BIN BATRI


Type of transaction Date of change No of securities

Disposed 20/12/2016 20,000

Disposed 21/12/2016 15,000

Disposed 22/12/2016 29,000

Posted by rogers123 > 2016-12-23 21:34 | Report Abuse

Jay: U dont understand the whole scenario. This is only ur research. U dont know anything in Triplc. Is good for Triplc to sell off the company. Triplc already got its new business... High dividend will be paid in triplc and bought the new business with borrowing. This is the usual tactic used by Rzl. If minority of shareholders dont wan to sell. They will got nothing. The share price will remain at between 1.50-2.00 for many years. No dividend will pay. Get the special dividend and get the new business. After the special dividend, the price will still remain at between 1.50-2.00. After that hold or not the PEB is depended on u. Worth to accept the offer?

Posted by Jay > 2016-12-23 22:40 | Report Abuse

@rogers123 I'm afraid you are the one who don't know anything.

from my first article I already mentioned Puncak is the key to unlock the value in Triplc. No dividend has been proposed so far so I won't go ahead and assume special dividend. The reason why Rozali offer RM210m is that he is also betting it is a sufficient premium over current price to entice Triplc shareholders to sell.

But you can't deny that it is not the best offer, land value alone is RM258m, borrowings is not a problem unless you assume the concession is a loss making biz (which by track record is not).

I'm not saying that Triplc shareholders should vote against, just be mindful of what could happen in both scenarios. Triplc got a decent offer but I still think Puncak got a better deal to appease their bitter shareholders

Posted by Jay > 2016-12-23 22:52 | Report Abuse

One common trait among most companies trading below net cash or significant discount to net asset value is erratic profit or even losses. Without profit, there is no real method of valuation for a minority shareholders because cash is something you can't access. Net cash looks good on paper, but when you assume even 4% FD return, you will see how little value idle cash actually creates for a company.

What Puncak needs now is to get back on its feet and start return to profitability. Then only market will give it a proper value. If you can put aside your huge unrealised losses in Puncak and actually analyse the deal thoroughly, you will see that the acquisition is actually a good thing for Puncak. in fact, it's even better than the plantation deal, in my opinion.

One contribute earnings from day 1 and don't need any additional financing. In fact, if Puncak wants, it can get rid of all the land bank instantly get back RM258m it'll more than cover the aquisiton cost. while the plantation needs to wait for a few years and require significant planting cost.

Posted by Jay > 2016-12-23 23:03 | Report Abuse

@kahhoeng I'm afraid there's no concrete wrongdoings from Puncak so there is actually no case for complaint.

For corporate deals, those are not under SC jurisdiction unless they requires SC approval. There's nothing they can do. There is also no violation of any securities law. Not paying dividend, not doing share buyback etc. or shares being undervalued below net cash does not violate any law, no regulators would even give a second look

Posted by curious2 > 2016-12-23 23:13 | Report Abuse

If that is the case China stocks also no wrong doing even if we complain to SC?

Posted by Jay > Dec 23, 2016 11:03 PM | Report Abuse

@kahhoeng I'm afraid there's no concrete wrongdoings from Puncak so there is actually no case for complaint.

For corporate deals, those are not under SC jurisdiction unless they requires SC approval. There's nothing they can do. There is also no violation of any securities law. Not paying dividend, not doing share buyback etc. or shares being undervalued below net cash does not violate any law, no regulators would even give a second look

Posted by steveooikp > 2016-12-24 10:08 | Report Abuse

rogers123 - everything got guarantee ?

if got, now you can't buy puncak at 90 sen.

bcos everybody grab.

bosses purposely want to make it either like this or like that. so you are won't go and grab....

Posted by steveooikp > 2016-12-24 10:20 | Report Abuse

roger123 - why privatize, why RZL wants to share with you?

If 1 have an apple, I wish I could swallow the whole apple.

why should share with you?

MO 1 now so rich, he won't share with you but instead he will ask you to support him....

Posted by rogers123 > 2016-12-24 14:01 | Report Abuse

No one will share with u. But just guess. If u r RZL, wat will u do next? The company value is RM3.50, have RM2.50++ n the market price is RM0.90. WIll u buy it? Will u buy the price at RM3.50 or rm1.20?

Posted by rogers123 > 2016-12-24 14:24 | Report Abuse

Privatise is the best way to get all the money. After that, relisted back and sell back to public again

Posted by rogers123 > 2016-12-24 14:25 | Report Abuse

Bad time is the best time to privatize. If good time, people will ask for higher price.

Posted by rogers123 > 2016-12-24 14:30 | Report Abuse

I think many people in puncak were stuck at 2.80++ pre dividend paid, too greedy to have rm1.00 dividend and 2.50 cash. I don't think have many people will buy puncak now even such a low price, as they cant see the future earning.

Posted by Speaking_up > 2016-12-25 17:22 | Report Abuse

Wait for lower price better and or wait until QR finally profit. 2018? 50 sen? 30 sen?

Posted by stockraider > 2016-12-25 22:41 | Report Abuse

Raider advice;

Vote agianst the Triplc deal....show Rozali u are unhappy..by killing the deal mah....!!

Rozali...need u to help to vote for...bcos he cannot vote loh...!!
But Rozali would not take care of u, why should u support him leh ??

Use ur brain...this Triplc deal will benefit Rozali more than anyone else...!!
Do not let him take advantage of u loh....!!

Posted by kahhoeng > 2016-12-25 23:16 | Report Abuse

I have presented my case with the SC. Will they take action or my arguments strong enough for them to investigate? That, I don't know. At least I know I have taken my duty as minority shareholder to do what I believe is right. During a conversation with the SC, I was asked if I have approached Puncak investor relation first and if I have written them letter... I told them, I have raised my concern to Rozali during AGM, and my emails to Puncak website was bounced back. These have shown has well received minority shareholders are already. I suppose, fool me once, shame on you; fool me twice, shame on me.

Will I vote against the TRIPLC deal? Of course I will. Will my vote be sufficient to halt the deal? Again, I don't know. But, at least I know I have taken my duty as minority shareholder to fight against a deal that I believe do not benefit minority shareholders, well, me in this case.

Posted by Ckk2266 > 2016-12-26 08:49 | Report Abuse

I would like to dedicate this beautiful song to kahhoeng.
https://youtu.be/eiHiymqdPCY

Posted by r°Moi > 2016-12-26 13:36 | Report Abuse

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Keep the piss off boiling in your belly


r°Moi will tell you..... why PEB??


So you can have a bigger piss off boiling in your belly


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Posted by r°Moi > 2016-12-26 14:27 | Report Abuse

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All in all.... it is accepted universally..... a well established well regulated open market is the best place for price discovery...



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Posted by r°Moi > 2016-12-26 14:37 | Report Abuse

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r°Moi was worried... rosali.. will buy the 2 subsidiaries... instead of TRIplc

So... r°Moi was happy.. to see... rosali.. announcing the buying of TRIplc




But........ PEB............ so sneaky



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Posted by r°Moi > 2016-12-26 14:52 | Report Abuse

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Why PEB???





Cant you see...... rosali... using PEB... has in effect privatised the 137m (even way lower prior) listed TRIplc..... so that he can sell an unlisted TRIplc to Puncak at 210m immediately?!!



The process..... the PEB.... clearly and solely..... to circumvent to hinder to obstruct the proper operation of the MTM policy




With PEB... Rosali... is at least guilty.... of circumventing hindering obstructing the proper operation of a well established well regulated open market for price discovery...



The MTM policy




To complain to Bursa and the SC





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Posted by r°Moi > 2016-12-26 18:46 | Report Abuse

r°Moi .




Beware TRIplc minorities




Take note of r°Moi rationality





If Puncak minorities... want exposure on TRIplc... they can buy personally.... at way below RM 3.00


Why must Puncak minorities... get TRIplc forced down their throats by rosali... at RM 3.00 ????




The independent advisor to Puncak minorities... PBB... must too have this rationality


Else..... complain to SC....





Ask rosali.... to call off this RPT.... immediately.... dont waste money





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26/12/2016 18:43

Posted by stockraider > 2016-12-26 20:16 | Report Abuse

Raider comment,

Agree that triplc shareholder objective diff from puncak shareholder objective but put it this way.....the deal must be ur benefit loh;

Triplc
The rm 3.00 deal looks reasonable, but Rozali wants to keep, it all for himself by creating listed PEB under his control, without paying a single cent of div to shareholders, u agree ?

Of course not, u want a substantial part of the rm 3.00 to be paid to shareholder mah....!!

U must fight loh comprises of;
1. Complaining to SC & Bursa
2. Complaining to Minority Watchdog group
3. Complain to Press
4 Complain to Triplc and Puncak independent Directors, put them on notice ,they must act for the benefit of company and not Rozali mah!!
5 attend the egm

Next be prepare for self help, vote against the deal if they is no proper dividend payout despite your demand above :

As a minority u hold alot of power, bcos Rozali cannot vote & he needs 75% of the balance independent shareholding and 75% of the shareholders number to support....not an easy feat to achieve loh..!!

Do not worry, u may kill the deal loh....bcos Rozali as a businessman, he will always comeback with another better proposal to please the shareholders to get shareholders support mah...!!

Show that, u are not being bullied & taking advantage loh...!!
Don be cheap, Lets fight for the shareholder benefits loh...!!

Posted by steveooikp > 2016-12-27 07:11 | Report Abuse

kahkeong.

SC has thrown your case in the recycle bin.

Posted by kahhoeng > 2016-12-27 10:10 | Report Abuse

steveooikp, has SC thrown my case into recycle bin? I don't know. I only know I have done my part.

Posted by triplc69 > 2016-12-27 11:27 | Report Abuse

says a lot when even the director is selling..!!!

Posted by steveooikp > 2016-12-27 11:33 | Report Abuse

directors did not sell puncak...

Posted by steveooikp > 2016-12-27 11:34 | Report Abuse

kahhoeng.... SC no use one.

See MQtech, KFM, Perisai..... SC never bother.... SC is there for you and me to feed him...

Posted by stockraider > 2016-12-27 11:41 | Report Abuse

Dear Kahleong,

Raider advice u, to go to SC office after u had send your complain, u approach the reception section, u tell them u want to see the officer in charge loh....!!

If u do that, they will open a file with a number for u loh....!!

It can be done, Raider had done it b4, in fact raider just walk in the SC office and ask to see to the officer loh!!.....Sc is quite professional, u can say & explain ur case to them.

It is really worthwhile to do it, raider got a good outcome too & Sc thank Raider for alerting them too loh....!!

Posted by steveooikp > 2016-12-27 13:33 | Report Abuse

ya.
go there and see En. A...
En. A will say...see En. B...
Then En B not in, come back 2 hrs later....
then after 2 hours.... En. B will say see Pn. C.
Pn. C will say..... submit your doc to me....
Then after 1 wk pass... 2 wk pass.... no news....
You go back and see Pn. C.... then Pn. C said the case now is handled by Pn D....
Then you go and see Pn. D.... then you find out that Pn, D is on maternity leave, asked you to come back after 2 mths....
Then you will ask other than Pn D... who else in charge....
Then Pn C will say.... Pn. E can also handle....
Then you see Pn. E ..... then Pn E will ask you to re-submit the document again...
Ok ok ... after 2 days.,, you re-submit the doc to Pn. E .... then Pn. E will say they will contact you if any news...
2 weeks pass... 3 weeks pass... no news....
Then you go and see Pn. E.... you found out that Pn. E is on annual leave for 2 weeks...
Then u go back and ask Pn. C.... how?
Pn. C will say you can either wait for Pn. D or Pn. E to come back...

Malaysia style lah.... hehehe...

Posted by steveooikp > 2016-12-27 13:35 | Report Abuse

mr. kah heong...

you hv done your part... any news from SC?
no right?

simple... Malaysia mah... like that lor... they are goman official... we are only peanut...