A quick breakdown for everyone's consumption 1. Market Cap = RM190 Mil . 2. NTA RM 2.19 - NTA is derived from RM110Mil Cash in Bank, RM 20Mil in Building , RM 180 Mil in shares ( 104 Corp, Innity, Autoworld) . Shares alone is near to market cap. Cash is free for you to grab LOL !

Looking good :) .. time to accumulate where there are ppl kicking ass.

chart suggest that it will go down further .

Good news in the pipeline. Should add another 15% before correcting. Good Luck

More prize money would mean sales its good, the lottery business is a business model with almost guaranteed profit. Only way that a lottery business can loose money is mis-management. BJCORP-LD offers a better bet, expiring in 2022 with a yield of almost 9%, you can collect interest for few years while wait for the lottery business to bear fruit.

Agree with XueWen. even it can offer good profit, i wouldn't invest in such counter.

above 0.20 shouldn't be a problem . in view of pipeline of good news.

down for 3 years. quite amazing

going back to 0.24 is not a problem . more news in the pipeline.

For those who are interested in rumours -> Hong Leong Industries is interested in IRIS stake.

0.3 sen is confirmed. Passport , IC going back to iris

more news coming , stay tuned

new shareholders is to emerge .. stay tuned.

Good time to accumulate @RM 0.56 . Ex-dividend end september which means within 60 days you get 4.5%. Near to zero risk

What is the rising "SON" doing ? sleeping ?

IMPORTANT : For those who still want to accept you have until today (till 5pm) to complete the Bursa Depository Transfer Form (FTF010) at your ADA (your stockbroking house) and you can submit/courier the acceptance form to Agriteum Share Registration Services Sdn Bhd in 7 Days.
Address is 2nd Flr, Wisma Penang Garden, 42, Jalan Sultan Ahmad Shah 10050 Penang.

For the benefit of all, you can decide whether to accept or not to accept on the 20th July. The Joint Offerors shall announce any revision of extension of offer at least 2 days before the closing date - which falls on the 21st July.

firehawk and nnMM highlighted a very good case study of HLC, Dr Yu holds 8% of HLC and with that he can denied QLC in delisting the company. Dr Yu is considered a minority in this case.

This is my rational , you want to take a company private and there is a 2nd shareholder that holds around 27%. You feel that the right price is around say RM3, how much would you offer to the 2nd shareholder in the first round ?, if you watch "Pawn Star", the rule is always to make your first offer at 10-20% below your target price so that the seller would "meet you in the middle".

Anyway, if you understand Company Act, even all the minority accepts the offer, Hwang's family shareholding is still below 3/4 which means that can't pass any special resolutions. This is significant bottleneck in restructuring or controlling the company under private entity. The only reason now that the company may be delisted may be due to "public shareholding spread" rule imposed by Bursa and not because Hwang family "DO NOT INTEND TO MAINTAIN LISTING". with a mediocre 50-60% no single shareholders can delist the company.

For illiterate investors who asked me to "please read carefully", it's better that you understand the game before you join the game !

It's really sad that amongst investors community, many don't even understand the terms set out in the offer letter and accepting the offer blindly !

wisdow + hw0706 : if Hwang family holds 50+ percent and the company get delisted due to insufficient public shareholding spread . It would make their control over the company more difficult when it's a private company. "Compulsory Acquisition" in your terms can only be executed if Hwang's family shareholdings surpass 90%. Please read the offer document before commenting and confusing investors here.

Hwang has until 46 days from 13 June to revise offer. Revise offer is likely to come in end July (if any) . Take note that DBS has not accepted the offer

I urged all not to accept, the offer will only be revised when the acceptance level is low. They can revised the offer from now until 27th July

it's raining in KL and i am stuck in office, so I did a quick calculation on Puncak. For the last quarter, the cash didn't really go down much. With 1.2 Bil cash ,it works out to be approximately RM50 Mil free cash flow from dividend (assuming money market placement) or 9X PE . Better ask Rozali to sit back and relax, the company can make more money without him ..

I have to disagree with your view on dividend play for Magnum. The company is paying dividend higher than its EPS , how is the sustainable ? In the longer run, the dividend payout will have to be reduced to balance the account

Counting down to 60 days from the offer ... A higher offer is likely to come . Stay tuned !

->kahhoeng : A few points to note . 1. Rozali is constantly on the highest paid CEO list during good time and bad time (even when the company was losing money), it's obvious that he is not someone who takes care of minority shareholders' interests. 2. The recent proposed take over of Triplc could be an avenue for him to cash out his money from "the other side" of his pocket rather than sharing the money with Puncak's shareholders. 3. it's almost confirmed than he would never do a SBB and whatever he said in the AGM was to avoid any possible uproar of shareholders during the event.

Excellent timing to get into this counter !!

Good news coming soon. Announcement in April .

15 million is quite unreasonable ! lol

holding for 2 years. COST RM0.6 ..

datasonic:reaching 2.8 very soon

datasonic: Target is RM3, good luck

kahhoeng:I think you shouldn't worry too much about the stock price. You should in fact happy about the current depressed price.

MSWG or Bursa and SC are not there to make sure the stock price reflect the true value but rather to ensure that the major shareholder does not take advantage or siphon money out from the company. Although Malaysia is a Boleh Land but our regulators are quite efficient. Take note that there are other institutions investors are also keeping a close eye on the CASH.

Let's BUY MORE !!!

New High !

AngieLim: Capital repayment would result in reduction in par value. you if read the announcement it was "Special Dividend DIVIDEND 1.0000 04/12/2015 " , so it's dividend, it's obvious

datasonic : there is no timeframe or limit to the extension. Worth to note that Hwang given assurance to shareholders that they won't not delist within 2 years after the Sale of the core business - This April is the 2nd anniversary.

datasonic : if you are targeting 10-20% within 20 Days, i think it's quite a good bet.

Institution investors on the shareholder list gives you a bit of assurance ...

Think of the bright side , what's wrong with the share dropping ? it's a chance for you to maximise your profit. Robert Kiosaki once said, when there is a Sale going on , everyone rush to the shopping mall. When there is a Sale in the stock market everyone runs ? .. I wonder why..

RM3 and above should be a reasonable target. at 1X PB is 3.4 . at 1.5X PB is RM5.1.

Good sign

looking good today .. continue to accumulate

anyway it's 27 days away

Fair value of APFT is only 4-5 sen. Good luck

28th of March is a key date. If by the 28th there is no extension , it would mean that the cash distribution is on target.

KH, OLC, if you have an investment horizon of at least 12-24 months. I am sure that the stock could yield 2-3 folds. I bought into the stock at 1.50 and average again at 1.17. I will continue to accumulate. With so many minority shareholders like yourself who are scrutinising the cash holding, I am confident that the company will be mindful that the money belongs to shareholders and not an individual. I will definitely attend the next AGM to voice out any concerns

Near to RM1billion is placed in money markets. At present rate, money market offers between 3.8-4% p.a. return (goes by daily interest). This translates to around RM40 Million per year (tax free) or near to 9 sen a share. Offering 10sen dividend per year should be easily achievable.

Will start to accumulate ...

15% : if after the cash distribution the price is adjusted to RM1.22, it would mean that the stock is trading at 0.4 NTA and also 8% dividend Yield (based on 10 sen). This make it one of the cheapest stock in Bursa. Happy investing

Hi All, for those who are holding Puncak, you should continue to accumulate, the NTA is around RM3.XX while cash position is easily RM 2.XX (Well above the current depressed price). The only wildcard would be Rozali, whether he is a genuine business man who takes care of minority interests. Anyway, as minority shareholders, we shall always exercise our rights and attend AGM to voice our concerns on the excess cash.

For FPI, I had a chance to work with them on some projects. The company is owned by Taiwanese and they are known to be very prudent and honest. For them to realise the cash gains from the disposal is by declaring dividend. Another major shareholders emerged recently, I can't remember the name but it's one of the technology company owned by ex-Acer senior Management. Something big is brewing for sure and your money is in good hands.