chonghai, I don't like the TRIPLC deal, so I voted against it. If you don't like the deal, you should vote against it. If you vote for it, that could only mean you like it. Anyway, clearly, there's nothing minorities can do to reverse it now.,, Sigh!
KAhhoeng, there's nothing minorities in deciding the direction of the company in almost all cases. The only thing minorities can do is to decide if stay invest or dispose and chose another company.
I am selling this share because I don't trust Rozali. He only cares for himself and his son. So I am dumping the shares. Any way like me with only a small number of shares have no faith in this share.
Puncak bought all the lousy business. Palm oil? Banned by europe. Land? So many land, how to develop? let the ghost staying la. triplc? uitm? wait until the government change, the contract will be revised. hahaha
rMoi, there isn't much left about both deals! The rest of the money is needed for plantation and construction. Plantation land without palm trees are useless and construction project can't be carried out without money...
angiess, I guess the only reason for keeping the shares is its too cheap to sell, sigh! I'm clueless on how to value the company and can't place a value on it now.
If it is a brand new company... and it has RM300m cash money... a fairly big plantation subsidiary.... few sweetheart goverment concessions subsidiaries.... plus likely some new businesses possibilities. ... would you buy it at current price which is so lowly?
Puncak loss so much money because of the lousy management team especially rozali's son. He is not capable at all to be the boss. Because of his father, he got the position. Wat's a shame. It is very stupid as kahhoeng to put a hope in puncak. The management is stupid n kahhoeng is more stupid than them to bet ur money on them. A good management team should be able to make a good decision to stop any future's loss, not as puncak bleeding all the way. Bought the immature plantation is an insane decision. U will continue make loss until ur trees r mature. How much capital u need to invest to plant all the trees. The cpo price is uncertain in the future.... Acquire another land from rozali business is also a very very silly decision. U already have so many lands. No point to acquire more. May be rozali need money n puncak bought it for rzl's interest. This kind of person, can u put trust to them?
rogers123, thanks for your advice, will take into consideration. I haven't bought a share since below 0.70. Depending on how the next quarter report is presented, probably will add some to average down if still below 0.55.
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....
kahhoeng
3,950 posts
Posted by kahhoeng > 2018-02-17 17:39 | Report Abuse
chonghai, I don't like the TRIPLC deal, so I voted against it. If you don't like the deal, you should vote against it. If you vote for it, that could only mean you like it. Anyway, clearly, there's nothing minorities can do to reverse it now.,, Sigh!