aiyhoo Roger why are you here? Jaks's body already cold, limbs already Numb.....better go back and give mouth to mouth resuscitation......YYK is going to burn the corpse
Any helpful one here know exactly what is the company's short term investments under fund placement in financial institutions which value has dropped from RM922.15 million in 2015 to about RM794 million now ? With drop in value almost 14 %, are they now forced to become long term investment n hence may affect the company's short term cash flow and will the value likely to drop further or otherwise?
With the latest marked-to-market short-term investments taken into account, its cash per share level excluding a potential dilution from its warrants that will mature in July 2018, the company’s cash per share value is at some RM2.29.
However, Puncak Niaga shares trade at a mere 77 sen a piece, signifying a massive 66.4% discount over its actual cash value.
No one will touch this company. Rzl is trying to push the price by writing this article in newspapers. If u wan the price to appreciate, do u job, turn the company become profit, not kek po chi with Fgv
SC should have required Puncak board taking measures that would strengthen shareholders' trust (reflected through share price) before approving the plantation deal... Now, everything SC has done merely suggested measures taken NOT to protect investors' interests BUT to clean after the trails that have shown BODs just shitted on their investors!
I am still calling SC almost every 10 - 14 days on the following:
1. Why's it taking so long to investigate and conclude a ruling on the Level 3 financial asset placed on long term asset but liquidated within 6 months? Has the fund in anyway associated to the Sarawak plantation deal?
2. Why was the Sarawak plantation been allowed to be concluded, given the deal has short-changed shareholders, particularly minorities? If SC couldn't find reason to uphold the revised deal, have the board and management mismanaged shareholders fund, given the revised deal is more than 100 million cheaper? Have and what SC will do to protect investors fund/interests.
3. Have SC investigated into the consecutive losses over past 7 quarters?
Unfortunately, the person in charge of the matter can only disclose to me that the matters are still under investigations.
I suppose with more minority shareholders call SC to raise concern and won't stop calling until a verdict is reached, it will help even I don't know if it will.
So, Roger, if you are minorities and would like to seek fair treatments, you can do what I and some others are doing (a few others are still pursuing this through SC) and start calling SC. And so does it apply to other shareholders reading this. Other than that, I have no clue on how to pursue it further.
Consumer & Investor Office Securities Commission Malaysia 03-62048999
I have not gotten the person in charge's approval to post his name here, but I believe there's only one person in charge of liaising with concerned Puncak Niaga investor
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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....
r°Moi
5,802 posts
Posted by r°Moi > 2017-08-08 16:20 | Report Abuse
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Few sen more...... Puncak will attain ZEN moment........
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