All the shares from MoF have transferred to Temasek already, good signs and possible the u turn today for up trend. now Temasek the largest shareholder will do something to push up the price. KUB go go go!
Temasek own the anchoscape which own more than 50% shares now as largest KUB shareholder, FA still good, CIMB trade just identified hammer pattern for KUB chart for short term bullish trend. My 2 sen
Majority shareholder Anchorscape general offer is only 35c but the share is trading 50+ cts , Bursa should stop all these funny tactics by forcing down stock prices by majority shareholders in violation of code of conduct in share trading. If no money , do not pretend to purchase by offering deep discount to minority shareholders . Same as Ghlsys by Actis failed miserably using the same old tactics due to compliance with Bursa regulations . Market rm 1.50 but offer rm 1.00. There must be a rule that general offer should be 5-15% higher not the other way down.
so let me understand. Majority offer to buy x shares for 0.35. Under normal circumstance, Malaysian punter shareholders will quickly panic sell to below 0.35 since they believe Anchorscape deems the true value lower than current. But in this circumstance, the shareholders remain above and refuse to believe the value offered at 0.35? This is rare for the average retail investor to think like that. Quite impressed.
its normal laa government will sell cheap to the crony.....why you all worry about that, as long the crony could generate more profit to kub, Ok What !!!!!!
KUB has nice turned around bought volume today shown signs of buying wave coming and are quite sold down already as RSI close to 30. It is either price upward or going sideways for time being. When the FA is strong, don't have to worry too much on the news if for mid to long term investors
Last Q performance improved, now is about price appreciation. The hurdles are this take over offer low price and recent macro -ve news. Hang on there and KUB will come up soon
I see alot of ignorant comments around KUb's takeover-from Anchorscape. I was one of those too, before I actually took effort to read the news.
Anchorscape had a agreement to buy over a percentage of KUB at 0.35 back in 2015. This was when KUB was trading about 0.35-0.38. Imagine if someone made a deal with you to buy their shares at 0.35 when the price is 0.35-0.38 at that time. Is it a discount? No. It's a risk that it might go lower.
Now 2 years later-shares up to 0.53. Will you be happy? Of course. Will you exercise your deal? Of course.
That's what happened. It's not the deal NOW it's the deal BEFORE.
Well said Buns, now is just the matter of time for this mandatory take over offer to lapse. After that KUB price will appreciate based on the strong FA and Q result
Thursday, 8 Jun 2017 Anchorscape acquired (125,466,950 units ) from 50.0 c -53.5 c in the open market BUT how come it offered only 35c to us the minority shareholders? THEIR TACTICS ARE TO SCARE ALL INTO DUMPING , and so they can buy cheaply. OLS DO NOT FALL INTO THEIR TRAPS!
5:36PM KUB MINISTER OF FINANCE INCORPORATED (125,466,950 units Disposed) 5:27PM KUB TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) 5:22PM KUB GAYA EDISI SDN BHD (125,466,950 units Acquired) 5:17PM KUB ANCHORSCAPE SDN BHD (125,466,950 units Acquired) 5:12PM KUB MINISTER OF FINANCE INCORPORATED (125,466,950 units Disposed)
Leslie, is old news already. KUB has stand through above 0.5 level. Like I said, it has oversold as RSI touching 30, it will come up soon. Well done today as KUB stand through the Fed Hike news while most counters turned red
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....
slts
2,236 posts
Posted by slts > 2017-06-08 13:40 | Report Abuse
damn bleeding everyday