Posted by ShuaiDoi > 2020-05-08 11:57 | Report Abuse

PTRANS has 70+M cash in hand.
If we raise the average buy back price to 0.3
the cost needed is 142M*0.3=42.6M

Posted by Peace99 > 2020-05-08 12:56 | Report Abuse

ShuaiDoi sifu, thanks so much for the calculations. I cancelled my sale at .190, as i got my salary in time to pay bills. For people to want to exercise the warrant the price should be more than .235, right? Since buy back price not more than 15% of the preceeding 5 days' VWAP, this means buy back will have to occur quite soon....do I make sense?

Posted by ShuaiDoi > 2020-05-08 13:15 | Report Abuse

The warrant matured on 17 sep if not mistaken.
PTRANS must start share buy back after getting approval from share holder on upcoming AGM 20 may.
So around 4 months to perform share buy back.
Before they start share buy back, maybe stock price will up to a certain degree first because of the share buy back news released upon getting the approval on AGM, IF approve la.

Posted by Peace99 > 2020-05-08 13:57 | Report Abuse

Make a lot of sense to me, thanks! Just to clarify, in last AGM already approved buyback. So, why must wait for approval again?

Posted by ShuaiDoi > 2020-05-08 14:25 | Report Abuse

Hmm, if you ask why, Im not sure too. Perhaps the approval expired. But its certain that they are seeking approval in the next AGM.

Posted by ShuaiDoi > 2020-05-08 14:27 | Report Abuse

@tksw , PTRANS seeking approval to buy back up to 10 percent of outstanding share in the next AGM.
You dont know the news, or you are implying PTRANS will never buy back the share?

Posted by ShuaiDoi > 2020-05-08 15:43 | Report Abuse

AGM postponed until further notice.....

Posted by Peace99 > 2020-05-08 15:59 | Report Abuse

Okay, on the positive side，management can focus on safe opening up of the terminals and various operations.

Posted by Peace99 > 2020-05-08 16:04 | Report Abuse

About share buy back, I checked last year document, it is stated on page3 that the authority to buyback ".... will continue to be in force until:- a)the conclusion of the next AGM .....", so in principle, company can perform buyback from now.

Posted by Peace99 > 2020-05-08 16:07 | Report Abuse

So I won't easily sell, and go long term with the company!

Posted by ShuaiDoi > 2020-05-08 16:10 | Report Abuse

@tksw hmmmmmmmm
Seems like you dont have business ppl thinking style. Management want more capital for their growing process, They probably thought about the same thing too. But execute or not we'll never know.

Posted by ShuaiDoi > 2020-05-08 16:11 | Report Abuse

Calculated and analyzed with my own time. If dont agree, atleast dont assume I copied.

Posted by DANNIE > 2020-05-08 16:51 | Report Abuse

good closing 0.19

Posted by Peace99 > 2020-05-08 17:00 | Report Abuse

Tksw sifu, aiyo, sorry to hear that! Semalam, I said "...besok may be 180-190", aiyoyo, it turns out betul again, but I didn't do anything except cancel my sale at 190.

Posted by HappY InVest (=^x^=) > 2020-05-08 17:08 | Report Abuse

amboi banyak betul positve komen, pertanda yang bagus kan?

Posted by Peace99 > 2020-05-08 17:10 | Report Abuse

Tksw good, you got 185! The VWAP today is .1844, maybe Tue the range is 185 to 195.

Posted by HappY InVest (=^x^=) > 2020-05-08 17:16 | Report Abuse

OMG buy rate 72%, bus start engine?

Posted by Peace99 > 2020-05-08 20:29 | Report Abuse

Wah, pertanda amat bagus! Start engine, look, ready, then jalan lah!

Posted by Peace99 > 2020-05-08 21:34 | Report Abuse

HappY sifu, you belum bagi tau your speculation! Secret Ka?

Posted by spielmacher > 2020-05-09 08:36 | Report Abuse

The potential advantages of the Proposed Renewal of Share Buy-Back Authority to our
Company and our shareholders are as follows:-
(a) allows our Company to take preventive measures against speculation, particularly
when our Shares are undervalued, which would in turn, stabilises the market price of
PTRANS Shares and hence, enhances investors’ confidence;
(b) allows our Company flexibility in achieving the desired capital structure, in terms of
debt and equity composition and size of equity;
(c) if the Treasury Shares are resold at a higher price, it provides our Company with
opportunities for potential gains; and
(d) if the Treasury Shares are distributed as share dividends by our Company, it may
then serve to reward the shareholders of our Company.
The potential disadvantages of the Proposed Renewal of Share Buy-Back Authority to our
Company and our shareholders are as follows:-
(a) reduces the financial resources of our Group and may result in our Group foregoing
other investment opportunities that may emerge in the future; and
(b) as the Proposed Renewal of Share Buy-Back Authority can only be made out of
retained earnings of our Company, it may result in the reduction of financial resources
available for distribution to shareholders in the immediate future.

Posted by spielmacher > 2020-05-09 08:44 | Report Abuse

AGM is on May 20. Price will slowly move up to 25 sen in next days before AGM. If the buyback authority renewal passed, it will rocket up further. BOD target the price to be above 50 sen.

Posted by Peace99 > 2020-05-09 09:39 | Report Abuse

As announced on company webpage, AGM postponed. Pretty sure the renewal will be passed. Is the BOD target price stated anywhere? or your opinion? Exciting target!

Posted by HappY InVest (=^x^=) > 2020-05-09 12:33 | Report Abuse

AGM patut bikin online, macam apa yang Warren Buffett bikin.

Posted by Peace99 > 2020-05-09 14:57 | Report Abuse

Setuju, Mari kita email the company to suggest!

Posted by Peace99 > 2020-05-09 15:00 | Report Abuse

If done AGM online successfully, more people know, share menang naik!

Posted by HTCS > 2020-05-09 22:36 | Report Abuse

Another gem do express bus service and electric bus - Mahathir Mirzan inside . Watch up next week for shoot up

Posted by Peace99 > 2020-05-10 09:56 | Report Abuse

HTCS, wow, MM involves in electric bus? You mean he is inside Perak Transit??

Posted by HTCS > 2020-05-10 10:24 | Report Abuse

Sorry, Another Stock GETS - MM son inside .

Posted by Peace99 > 2020-05-11 23:08 | Report Abuse

HTCS, no problem! GETS up also good for PT...eg GETS buses may be using PT terminals/facilities, or passengers may have to continue journey with PT buses!

Posted by Peace99 > 2020-05-12 12:41 | Report Abuse

I guessed the range today is 185 to 195..... it's not wrong yet. The VWAP =0.1872, surely up from Friday .1844, so overall up steadily!

Posted by HappY InVest (=^x^=) > 2020-05-12 22:14 | Report Abuse

tksw, ko betul2 kuat semangat, hebat

Posted by kevincentury > 2020-05-13 01:26 | Report Abuse

So many sifu here..ptrans confirm is a great counter

Posted by kevincentury > 2020-05-13 13:02 | Report Abuse

tksw sifu sure is a master in stock market

Posted by HappY InVest (=^x^=) > 2020-05-13 19:25 | Report Abuse

tunggu & lihat apa plan Dato seterusnya

Posted by Fzeel > 2020-05-14 10:05 | Report Abuse

Org naik dia turun..Org turun dia ikut turun...:)

Posted by tksw > 2020-05-14 10:44 | Report Abuse

sure drop lah, technical analysis come out again, kakaka, every time comes out oso drop, no exception yet, kakakakaka

Posted by tksw > 2020-05-14 16:46 | Report Abuse

no license bus driver + lousy technical analysis, kakaka

Posted by spielmacher > 2020-05-15 08:42 | Report Abuse

wait till after AGM to buy. let the price low down below 15 sen hehe

Posted by tksw > 2020-05-15 14:38 | Report Abuse

anytime bomb....

Posted by 603Malan > 2020-05-17 11:45 | Report Abuse

Haha. Bomb to North or to South ?

Posted by tksw > 2020-05-18 16:06 | Report Abuse

Malan sifu, you say leh?

Posted by tksw > 2020-05-18 16:10 | Report Abuse

cheat ppl to buy 185, veli pai-si

Posted by tksw > 2020-05-18 16:29 | Report Abuse

close 180 laf die me

Posted by tksw > 2020-05-18 17:07 | Report Abuse

waa...bus driver wanna save face

Posted by HappY InVest (=^x^=) > 2020-05-18 17:59 | Report Abuse

tksw, ape cerita sekarang, tutup 19c hari ni

Posted by louis1107cpy > 2020-05-18 18:28 | Report Abuse

ni orang soheimi

Posted by zian > 2020-05-18 20:32 | Report Abuse

incoming ...hehe

Posted by tksw > 2020-05-18 21:42 | Report Abuse

HappY sifu, today kenot get 180, tomolo see how

Posted by tksw > 2020-05-19 09:58 | Report Abuse

Parking some at 185 now, got to raise a bit

Posted by tksw > 2020-05-19 10:00 | Report Abuse

Happy sifu, your, 3 rd week is this week or next week arr?