PUNCAK NIAGA HOLDINGS BHD

KLSE (MYR): PUNCAK (6807)

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Last Price

0.25

Today's Change

+0.02 (8.70%)

Day's Change

0.25 - 0.26

Trading Volume

191,800


24 people like this.

24,497 comment(s). Last comment by NRahmat 2 hours ago

r°Moi

5,802 posts

Posted by r°Moi > 2017-01-02 14:16 | Report Abuse

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r°Moi also have companies... with market value at 1.30... want to inject into Puncak at only 1.90..... rosali


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steveooikp

4,689 posts

Posted by steveooikp > 2017-01-02 14:19 | Report Abuse

r O moi...
not necessary inject in good and profitable companies then the share price will shoot up.

See osk....
0.29% of RHB, 100% of PJD and OSKprop...

all are damn good business..

just 0.29% of rhb, osk aldy worth 1.40...
now ? osk how much?

I think now is time to collect.... PJD and OSKprop worth nothing?

r°Moi

5,802 posts

Posted by r°Moi > 2017-01-02 14:19 | Report Abuse

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With the terms offered so favorably... everybody... also wants to do RPT.... not just you only....


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r°Moi

5,802 posts

Posted by r°Moi > 2017-01-02 14:40 | Report Abuse

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Precisely... OLH has lost his credibility... due to his RPT.... nobody... wants to put money into his companies...

rosali should avoid RPT..

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steveooikp

4,689 posts

Posted by steveooikp > 2017-01-02 14:57 | Report Abuse

if you really look into OSK.

Now it is at least worth RM 3 and above...

but now is 1.40... hahaha....

stockraider

31,556 posts

Posted by stockraider > 2017-01-02 15:00 | Report Abuse

Posted by kahhoeng > Jan 2, 2017 11:31 AM | Report Abuse

stockraider,,

Seems you are familiar with the process, wonder if you have approached SC for that?
I think I needs sufficient number of minority shareholders to have any impact. That's why I am urging any of you to attend EGM to get Rozali's nod to cash option to concerned shareholders. If failed, we of all concerned shareholders shall approach SC together.

If we are only saying this and that here but never voice out, nobody will care how minority shareholders felt! Damn pissed off with how Puncak's board is doing so far.

KAHLEONG MY POSITION IS VERY SMALL....BUT MY FRIENDS & I HAD DONE IT BEFORE & QUITE SUCCESSFUL AND END OF DAY THE COMPANY NEED TO GIVE CASH OPTION FOR MINORITY LOH...!!

THERE ARE CASES WHERE SC DID NOT OFFICIAL OBJECT, BUT THROW BACK TO THE INVESTMENT BANK TO COME BACK WITH A FAIRER PROPOSAL LOH...!!
THIS APPROACH SC HAS DONE MANY MANY TIME...!!
IT IS AN UNWRITTEN RULE LOH...!!

I THINK U SHOULD CC...MINORITY WATCHDOG GROUP (MSWG), THEY ARE VERY HELPFUL AND THEY GIVE U FREE ADVICE TOO.
U GO AND MEET THEM, SOME OF THEM ARE EX INVESTMENT BANK, BURSA, REGISTRAR OF COMPANIES AND SC LOH....!!


I AM ALSO A MEMBER OF MSWG FOR ABOUT 5 YRS LOH....!!

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-02 15:29 | Report Abuse

member of MSG?

watch dog? which dog?

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-02 17:47 | Report Abuse

stockraider,

good to know you have experience doing it but sad to know you are interested with the work in Puncak due to smaller investment. Having approached SC for my concerns already, I will stick to my plan to voice out in EGM. Failing which, I will ask minority shareholders participation to meet SC together, believing that numbers count when approaching SC. Just hope that minority shareholders here hoping to get it resolve will attend and support.

r°Moi

5,802 posts

Posted by r°Moi > 2017-01-02 18:20 | Report Abuse

.

Kahhoeng

Count r°Moi in



To update SC... your earlier worry... has become reality... using PEB... on the TRIplc RPT... rosali... has made a mockery... of the mark to market (MTM) policy..

r°Moi

5,802 posts

Posted by r°Moi > 2017-01-02 18:24 | Report Abuse

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Worst still... using other peoples money... to make a mockery... of the MTM policy...


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kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-02 19:51 | Report Abuse

rMoi,

I have made official complaint to SC over two issues:

1. CIMB analyst report not based on factual information and an unwillingness to present a corrected version besides not replying my emails.

2. Concern over Puncak Niaga's pricey plantation and questionable TRIPLC deal (Tan Sri Rozali has been disposing shares of TRIPLC lately.)

If you have similar concerns, you can email: aduan@seccom.com.my
OR call 03-6204-8999 Investor Affairs & Complaints Department now before the EGM. It should help if there are more people calling SC up for help before EGM. Should we fail in our attempt during EGM, we shall call up SC to make appointment immediately.

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-02 20:32 | Report Abuse

rMoi,

I could be wrong with Rozali disposing TRIPLC shares, cause I was not able to reconfirm of late through Bursa website. I could have misread other director(s)' disposal as his.

angiess

84 posts

Posted by angiess > 2017-01-03 07:42 | Report Abuse

When is the EGM?

r°Moi

5,802 posts

Posted by r°Moi > 2017-01-03 08:21 | Report Abuse

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Ok kahhoeng will do too


To SC... easy... just an email only


Will focus on TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.00 immediately..... making a mockery... of open market mechanism of price discovery...

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kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 08:21 | Report Abuse

Don't know yet, we need to get the independent adviser report first before an EGM is called.

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-03 11:04 | Report Abuse

.... waiting for rally... vroom vroom vroom....

rogers123

4,018 posts

Posted by rogers123 > 2017-01-03 13:11 | Report Abuse

I am very happy. Puncak is moving.... 1.00 i will sell

rogers123

4,018 posts

Posted by rogers123 > 2017-01-03 13:12 | Report Abuse

Hahahaha

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-03 14:29 | Report Abuse

hng33....

still on holiday?

rich man... no need to work... play share full time...

maybe hng33 is kyy....

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 14:49 | Report Abuse

shouldn't we focus on the deals and the balance sheet? Once these two are in order, so will the share price. Fight to get a capital opt-out at 2.50 cash per share if Rozali believe the deals he has inched are good.

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-03 16:37 | Report Abuse

vroom vroom vroom....
run....
RZL please vroom vroom....

RZL vroom till 2.50.... please

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 16:59 | Report Abuse

Just called Adrian of Public Investment Bank, the independent adviser of Puncak Niaga acquisition of TRIPLC. I have asked on what I should do if I would like to request for a capital repayment for minority shareholders disagreeing with the deal. He said he would get back to me. Public Investment Bank contact number is 603-2166 9382.

cheoky

2,823 posts

Posted by cheoky > 2017-01-03 17:05 | Report Abuse

really admire your persistent kahhoeng. will at least vote no for the triple deal. maybe one day you will be an pioneer activist investor like Carl Icahn in malaysia context.. hahaha

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-03 17:08 | Report Abuse

kahhoeng entry price for puncak is quite high....

I understand his feeling... I have 2 counters .... entry price also quite high... regret that I did not cut loss.

nothing I can do now, but to wait....

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 17:10 | Report Abuse

cheoky thank you for your support, would be even greater if you could attend the EGM to protest. I used to give some reservation due to our quality board, but Puncak is really puncak in this, blatant disregard of minority shareholders interests despite strengthening in Malaysia securities regulation of the past decade. Has it not so mad at how the board has responded to shareholders concern, I would have kept quiet.

mamatede

3,950 posts

Posted by mamatede > 2017-01-03 17:11 | Report Abuse

Puncak Niaga = Peak of the business, after a peak what? a fall.. .

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 17:13 | Report Abuse

steveooikp, Puncak has cash per share of 2.50, net asset per share of 3.41. I don't think my average cost of 1.80 is high. The problem is how the board has responded so far to market concern!

stockraider

31,556 posts

Posted by stockraider > 2017-01-03 17:13 | Report Abuse

Like updown says....if puncak & triplc give Rm 1.00 div each to its shareholders....everybody will be happy & say yes mah....!!

This puncak & triplc can afford loh...!!

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-03 17:26 | Report Abuse

if got rm 1 div per share ... I am happy already...

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-03 17:35 | Report Abuse

so another 1 dividend and traded at 0.10 per share after deal with net asset per share of 2.40? I don't want another 1 dividend, I want OUT!

rogers123

4,018 posts

Posted by rogers123 > 2017-01-04 00:49 | Report Abuse

Kahhoeng: Don worry. Soon puncak will get back to 1.00 and we can let go. Earning 8% for holding 2 months is worth

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 07:58 | Report Abuse

kahhoeng.... hold...

Looks like someone is collecting from 90 sen to 91 sen... yesterday...

I have few counters also with high entry price... did not cut loss... too busy last 6 mths.... no time to monitor....now damn regret....

I intend to cut loss for those few counters, maybe lose RM 15k and start to buy undervalue counters....

I admire those can be looking at the screen from 9 am to 5 pm... I can't.... I have to attend meetings, go to site, I have plenty of things to do...

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-04 10:46 | Report Abuse

steveooikp I intend to hold at least 95% until EGM, the other 5% has been mainly for trading purposes, and ask for cash-out option for minority shareholders that includes me.

rogers123

4,018 posts

Posted by rogers123 > 2017-01-04 11:28 | Report Abuse

Puncak is moving

rogers123

4,018 posts

Posted by rogers123 > 2017-01-04 11:35 | Report Abuse

RM1 target

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 11:51 | Report Abuse

don't be shy... gogogogo..

puncak show you power....

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 13:38 | Report Abuse

gogogo....

rogers123 angry .... kahheong angry....

everybody angry... gogogogo

speakup

27,072 posts

Posted by speakup > 2017-01-04 13:43 | Report Abuse

wah lau weh, u all still here? never heard of "cut-loss"?

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 14:11 | Report Abuse

speakup... cut what loss?

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 16:18 | Report Abuse

damn.... up down 1 sen... nvr move...
like retarded like tat...
I think maybe hng 33... already sold all...

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-04 17:51 | Report Abuse

steveooikp, focus on the balance sheet and the deals announced, so long companies are run properly, share price will reflect soon... in Puncak case, we, minority shareholders, have to voice out to have the chance to exit Puncak through capital repayment of 2.50 per share. Attend EGM together, voice out together!

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 17:54 | Report Abuse

fk this pun pun...

I hv no more capital...

tis prestar at 87 sen... saw the volume increase... but my last capital in puncak.... shd hv dumped puncak and whack prestar 1st.

angiess

84 posts

Posted by angiess > 2017-01-04 21:58 | Report Abuse

Kahhoeng sure will attend the EGM to support...

angiess

84 posts

Posted by angiess > 2017-01-04 22:22 | Report Abuse

Why you think they are so generous to give us RM2.50?

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-05 07:26 | Report Abuse

RZL won't give RM 2.50 bro...
hopefully he can turn around puncak into profitable company...

davidkkw79

5,068 posts

Posted by davidkkw79 > 2017-01-05 07:57 | Report Abuse

when can be turn into profit? Next quarter or next year? If have to wait for next year, then I afraid at that time puncak price already down to 50 c, 1 quarter down 10c, 4quarter will be 40c.

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-05 08:18 | Report Abuse

actually is easy to turn into profitable company, it depends on the mood of RZL.

just like we depend on the mood of MO1 and hippo....

see osk, easy... just buy RHB 29% and 100% control on PJD and OSKprop....

see YTL.... acquired 100% of YTLe....

then QR can see profit lor....

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-05 08:20 | Report Abuse

easy job mah... holding company is to create more job opportunity , sit there and get salary, bonuses and Ferrari....

It just need to buy those profitable listed companies... ok aldy....

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-05 11:02 | Report Abuse

very retarded...

up 1 sen... then down 1 sen....

rogers123... you push it down, is it?

kahhoeng

3,950 posts

Posted by kahhoeng > 2017-01-05 11:27 | Report Abuse

Without fight, surely no chance of a capital repayment cash out option, with a fight, who knows?

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