jayhao2000 Because it is :)

I suggest all sell now, because given 2 more days of weekend analysing reports. Most ppl would have realized how bad this deal is.

moneysucker it is a good trade though, as if deal turned out to be RM2 bil for P1 cash you would probably double / triple your investment. Even now you still make a bit profit!

jayhao It is a bad deal for Gpacket, but they have no choice, as i said the alternative is to become insolvent and PN17 ... that's even worst!

But if you guys are into wireless internet for long term i suggest you look into YTLP as it is undervalued now. Yes will turn profitable this quarter and the share price will rebound. Based on my observation, the share prices of telco will be under pressured until capex fully spend and profit starts kicking in. In 2-3 years, P1 will be where Yes is now.

I shouldn't even be here, but because after keep reading so many ppl been interpreting this deal wrongly, i feel i should do some community service, since i have been a long term of gpacket investors for more than 5 years.

YatYeeSam See all my previous comments for interpreting this deal, would you buy the shares of the one who gets a superb deal (TM)? Or the one who got a lousy deal (gpacket)?

For those who never felt the feeling of being slaughtered before buy Gpacket and the warrants.

For long term investors, i suggest you buy TM :)

My only advice is face reality and cut loses now.

Yes, don't worry just buy ... follow the herd to slaughter house :)

jayhao2000 That is a big 'if' ... first P1 has to grow very much, second Gpacket has to be able to raise fresh capital to follow the cash call. Well, look at Yes you will get the answer where P1 will be in 3 years, as Yes already spent 2x the amount of P1.

So sad most speculators here don't even understand the mechanics of this deal and simply say buy for long term, kekeke.

foong2 Gpacket grops because it is receiving zero money for selling control to TM. On the other hand, TM drops as it is gonna commits up to RM2 bil capex in this deal, so dividends investors don't like it. Just like how they dont like it when YTLP undergo massive capex for Yes. TM investors will only see fruits in few years, as this is normal for telco.

jayhao2000 another don't know how to read, so sad about you guys. How much is 30% of RM1.6 bil ... it is RM480 mil, so do you think Gpacket can match the cash call? Read the agreement, other parties can take up the cash calls if some parties can match!

what is 50 lots? I used to own 5000 lots (500,000 shares) ... well i made decent money by constantly buying low and selling high from gpacket though. But i will skip this time :)

Surprisingly, i've been making quite decent money from stocks most of the time ... well by betting against the heard :)

moneysucker Got it, so your trading strategy is to follow the herd right? Well, not interested :)

So can reveal why it would go higher pls? Will be interested to know. Becaus fundamentally can see how gpacket can be worth more than 20 cents now!

Moneysucker I consider myself a value investor. Can't deny your prediction of news quite accurate. Maybe I can join your syndicate club to goreng in malaysia? Since never once see any insiders got prosecuted in malaysia :)

Malaysia market is not efficient, otherwise based on all known public info gpacket would have been trading at 20 cent now. Coz that's its value now!

I think Digi knowing regulators won't approve the dal since they are foreign owned? Unless moneysucker knows something me and the public don't? I'm kinda think in USA ppl like moneysucker would have gone to jail already. He has been insider trading this counter very obvious. Well this is malaysia.

I'm very surprised DIGI dint bid higher. Because the price is cheap and digi can afford it. Now effectively few years down the road, digi gonna struggle. Not wise for digi!

Who wants to take advice from speculator like jb investor don't even know how to read. Yes the rm470 mil and rm487 mil gonna be pumped into P1 to dilute gpacket further see the bottom of the report "87% stake in p1"

No doubt gpacket will hit rm1.40 in 3 months when a miracle deal gonna happen soon. But I suggest you buy rm10 mil toto jackpot because the chances is higher.

No doubt P1 will flourish under TM. But too sad gpacket won't reap much when you are owning only 3% after fully exercise all the convertible bonds!

Jbinvestor I agree with the neutral report on TM. It is indeed a bargain for TM becoz they able to buy P1 for zero amount after gpacket invested more than rm1.5 bil over the years.

Pls buy more guys, so those got trapped can get out. Some actually predicted it would be at least 80 cent per share after news out. Well I guessed you have been manipulated!

It is quite a good deal for TM. I would buy TM and sell gpacket now.

3398uni Pls learn to read, it is gpacket pn17 not P1. TM don't care about gpacket, in fact TM has been raping Gpacket. Read carefully TM will dilute gpacket 30% P1 with the massive rm1.6 bil cash call. After the cash call gpacket will only own maybe 3% of P1?

Telecaster i suggest you unload as much as possible later if it is above 40 cents. There is a high chance it will drop below that. For those warrant holders unload at all costs because it will be zero soon.

Telecaster It is not compounded since it is a 'bond'

skng74 Well you can ignore whatever i say if you are a day trader. My warning goes to long term investors, because it will affect the long term prospect by accruing RM16 mil interest a year.

Sorry typo 300,000 ... i used to own 500,000 shares in GPACKET

skng74 Read this http://www.investopedia.com/terms/a/accruedinterest.asp

skng74 depending on how they do their accounting, interest maybe accrued into the P&L as it goes.

lclwp i had been a long term gpacket investor for 5 years, I made decent money by going in / out within this period. So i understand this stock fundamentals very well. I sold all my 300,000 shares after CC Puan unloaded 100 mil shares of his 1 month ago. From that time onwards i knew something like this is brewing. I only invest for long term value, though may go in and out if sporting a pattern.

Furthermore, if TM fully subscribes to the RM1.6 bil capex (i don't think Gpacket has the financial capability to follow), Gpacket shareholding in P1 will be further diluted. It think evetually it will be diluted to below 5%. So long term view also very negative!

After this deal, Gpacket will have a fixed interest of RM16 mil (accrued interest) + RM4.2 mil (fixed tenancy agreement). That's already RM20 mil fixed cash outflow per year. Its solution + communications business last year profit was only RM2 mil. I don't see how they can turn around, unless TM list P1. But that's at the discretion of TM, but what is the incentives for TM to do so? Besides, they plan to continue to have capex of up to RM1.6 bil in the coming years, so P1 will continue to bleed in the next few years, so no point listing also.

How nice to witness all these short term speculators (hoping to buy bungalows / BMW banking on P1 getting acquired for RM2 bil), now changing tune on the spots suddenly becoming long term investors. Basically what you got here is TM raping GPacket by acquiring P1 for zero and at the same time becoming a loanshark by lending GPacket RM200 mil @ 8% loan. This RM200 mil loan will just delay GPacket inevitable demise while insiders continue to unload their shares to naive investors.

More digestion: All loan previously owed by P1 to Gpacket is already factored into the 30% post acquisition via IPCS. This deal is lousy, why Gpacket has to pay 8% interest for the rm210 mil loan, while Gpacket only received 1% for its upcoming rm250 mil loan back to P1? Pls note Gpacket will loan rm60 mil back to P1 after the deal, the rest of the rm210 mil will be used to settled other loan. I think Gpacket will be left with nothing after this except the solutions business and 30% non controlling interest in P1. What an epic failure for gpacket!

As I dissect the agreement more, after the deal gpacket will own 30% of P1 as it will take over Intel 5%. There seems to be a clause that gpacket and minority will have to loan back rm250 mil to P1 (presume frm the rm200 mil in the first place).

TM acquiring P1 at rm350 mil for 57% values P1 about rm650 mil. Gpacket previous holding of P1 57% will dilute by more than half to 25%. So 25% of rm650 mil is about rm200 mil. That's the value of p1 owned by gpacket after this deal. It is a major gain for TM, but what other choice gpacket has? Alternative choice gpacket will be insolvent without this deal.

All of you deserve to lose your pants tomorrow because none know how to read reports and blindly got led into a trap! Rm300 mil inject into P1 not paying single cent to GPacket. In return TM will loan GPacket RM200 mil. Well at least P1 survives, but the writedown of Gpacket billions of past investment into P1 has vaporized. The syndicates have been unloading shares to you naive speculators. Learn how to read and value stock pls.

I have received mine as well :)

Has anyone receive the dividend stocks yet? I still haven't received!

I think SAYS might even outperform ICQ if you were to bet on CATCHA

insearch yes i agree with you, but ICQ is neither a growth stock, you will see as reports are being reported in coming future. Most people think it can repeat the success of IPP, but you will see.

insearch don't be so happy yet, PG is very good at window dressing. Don't cry when ICQ release Q4 report.

Maybe insearch is dumping?