I think u guys need to follow gamuda announcement and analyst reports to get better updates on the splash deal... This is a maybank update report on splash..

http://klse.i3investor.com/blogs/kltrader/109481.jsp

More details can also be found in Gamuda's 2016 annual report, page 88 of the financial statement.

Don't see why people would be selling. The negative results are mainly due to the write off of splash receivable. Selangor state seems to already be willing to pay splash shareholders Rm2. 7 bil. Kps will get rm810mil or rm1. 62 per share.

I also don't think that the independent valuer assigned by the federal govt would come up with a very different valuation for Splash given that it is a concession type of business. They would most probably be using the discounted cash flow method given that everything is almost certainly be defined in the concession contract.

The only issue would be the timing for the completion. However investor will be rewarded by the potential upside that kps could offer. At rm1. 60, that would translate to a 37% gain. And this assuming all the other businesses are free....

No seller of warrant.... Hard to come by... If got, will be gone in short time...

Morning, i think if anyone is interested in buying this counter better wait till wednesday. Assuming some people got margin call last Friday, they will need to top up their account by wednesday. If they failed, the bank will force sell their shares.. So better wait i think.. Good luck