CIMB new TP RM4.45! Don't miss the boat!!

I agree with angkor... will sell and lock profit first. It's unfortunate as this is a very good fundamental stock, was hoping to keep for long term. Will use the cash to increase my stake in Matrix/Karex/Presbhd/NTPM.

Every quarter got dividend payout. ROE > 40%. Net cash position.
Even after this bonus issue, retained profits is more than enough to cover another round of 1:1 bonus issue.
I entered at 1.75.... top-up more at 1.80, 2.52, 2.88, 2.92 and 3.12.
I wish I hv more bullets so can tapau more of this counter!
Truly outstanding... buy and hold, u will not regret :)

http://www.intellecpoint.com/2014/02/jobst-i-do-not-really-get-it.html

7. LISTING STATUS AND FUTURE PLANS OF THE COMPANY
Upon completion of the Proposed Disposals, JobStreet will have no significant operations and
will hold cash, certain investments held for sale and other illiquid assets.

No more business after disposal. Excerpt from the announcement:

5.3 Loss of potential future income from the Disposal Companies
The Proposed Disposals will result in the loss of potential future income from the Disposal Companies, as they are currently major contributors of the revenue and profit before tax (“PBT”) of JobStreet’s group of subsidiary and associated companies (“JobStreet Group”).

For the FYE 31 December 2012, the Disposal Companies collectively contributed approximately 93% and 82% of the JobStreet Group’s revenue and PBT respectively. Moving forward, JobStreet will cease to consolidate the revenue and profit contributions from these
entities.

5.4 Listing status of JobStreet pursuant to the Proposed Disposals
Upon completion of the Proposed Disposals, JobStreet may be classified as an ‘affected listed issuer’ and as a ‘Cash Company’ as set out under Practice Note 17 (“PN17”) and Practice Note 16 (“PN16”) respectively of the Main Market Listing Requirements of Bursa
Malaysia Securities Berhad (“Listing Requirements”). Should JobStreet be classified as an ‘affected listed issuer’ or ‘Cash Company’, JobStreet would have to regularise its condition within the stipulated timeframe set out under the Listing Requirements.

Failure to comply with the obligations under PN17 and/or PN16 of the Listing Requirements may result in the suspension from trading of JobStreet’s listed securities and/or delisting from the Official List of Bursa Securities.

ya la... that's correct, they're not buying Jobstreet Corporation Bhd.... so RM2.67 sounds right. Shud've sold this morning when somebody bought at RM2.98.

I'm confused... i thought Seek Ltd already owns 22% of Jobstreet... so the offer should be for the remaining 78%. 78% of 700 mil shares is 546 mil... hence 1.7 bil for 546 mil shares should be around RM3.11 per share. Is this right?