check out his previous recommendations. unbelievably accurate, especially on ysp where he even warned early about the downside which actually came true. i have shifted my money out of perdana to alam. 50% gain from perdana! thank you csan!

https://klse.i3investor.com/web/blog/detail/shareseatreasure/2023-03-03-story-h-296533533-THE_MOST_UNDERVALUED_OIL_GAS_GEM_THAT_COULD_EASILY_INCREASE_BY_500

observatory, hahaha. you seem like you can analyse but i wonder how you can miss out pg 18 when you seem to have seen pg 16 and pg 19.

it wouldn't take a genius to point out that you omitted the non-disposal cash in hand that litrak has. this is mostly from esos conversion over the years until now. this is RM39 million as pointed out in pg 18. all esos with exercise price of RM5.02 were not exercised so scenario 1(a) in pg 18 is not relevant. scenario 1(b) is the relevant one.

and btw, its not 539 million shares. its 541.46 million shares now.

go on and recalculate. the amount i get is RM0.543 and that does not include any future interest income. lets see if you can pull out something "different" now.

observatory, it shows that you did not read the circular. all those expenses have been taken into account and deducted when they estimated the RM5.09 total. they even estimated RM4.7 million for all remuneration, not RM1 million like you think.

the circular also says any future interest income has not been calculated in yet. litrak has around RM200 million cash now after paying the special dividends. at an interest rate of around 3%, that would add another 1sen in 11 months time. that's why i say minimum RM0.535 but investors can expect RM0.545 in 11 months time. this is why there was a big wave of buying below 50sen yesterday.

everyone is wrong here. the capital repayment will be a minimum of RM0.535 within 11 months. read the completion announcement where it says the actual amount received is RM2739 million, which is RM8 million higher than the amount stated in the circular previously of RM2731 million.

WOWWW csan! which bomoh u go to?

if only i saw this post early. track record for previous recommendations crazy good.

https://klse.i3investor.com/blogs/shareseatreasure/2022-02-18-story-h1599171042-THE_MOST_UNDERVALUED_VALUATION_THIS_GEM_HAS_EVER_SEEN.jsp

hahaha you're right but i think he is just trolling you csan. either that or he is truly dumb. but i think he is just trolling.

https://klse.i3investor.com/blogs/shareseatreasure/2021-09-24-story-h1571704738-THE_MOST_UNDERVALUED_TECH_STOCK_ON_BURSA_MALAYSIA_NOW.jsp

this guy already warned last Friday morning to take profit because "we could see a market meltdown this week because Evergrande would be missing their second bond coupon payment and US Treasury yields have been rising a lot and this would affect the high-multiple tech sector in particular."

legend

csan, reliable as always. thanks for asking to take some money off the table at RM1.60. very rare to see people like you in i3. most others only keep pushing to buy and push even more when it has come down.

this guy very reliable and accurate so far.

https://klse.i3investor.com/blogs/shareseatreasure/2021-09-24-story-h1571704738-THE_MOST_UNDERVALUED_TECH_STOCK_ON_BURSA_MALAYSIA_NOW.jsp

so far this guy has been very accurate and looks as if he has access to the management briefings. i wouldn't say he is a naysayer because he is actually recommending to get out when it gets closer to RM5.

https://klse.i3investor.com/blogs/shareseatreasure/2021-08-28-story-h1570607152-DKSH_Not_everything_has_been_disclosed_recommend_to_take_profit.jsp

https://klse.i3investor.com/blogs/shareseatreasure/2021-08-30-story-h1570631295-Steel_stocks_get_out_and_do_not_get_trapped.jsp

https://klse.i3investor.com/blogs/shareseatreasure/2021-05-29-story-h1565954075-TAS_OFFSHORE_Hidden_gem_that_will_NOT_be_affected_by_lockdown.jsp

https://klse.i3investor.com/blogs/shareseatreasure/2021-03-11-story-h1542126048-KPS_Is_it_really_undervalued_or_is_it_a_trap.jsp

https://klse.i3investor.com/blogs/shareseatreasure/2021-03-11-story-h1542126048-KPS_Is_it_really_undervalued_or_is_it_a_trap.jsp

there is talk that a takeover offer of RM0.60 per share will be launched. whoever does this will be able to make at least RM0.37 per share in profit by liquidating the company since the NTA of the company is RM0.97 per share.

lele, haha tagb shareholders please go to the other forum. don't worry, just matter of time.

1 face shield RM9. 1 face mask RM1.50. you think hospitals buy what?

Government hospital RM1.50 also cannot afford.

Simple sharing to Hanoi,

Again I say....u think the world so simple ah? Raw material down, profit up? If the world work like that, you already above Robert Kuok on Forbes rich list.

You are missing 2 key mechanisms in their business.

I cannot argue with you when you say scgm worth RM1.40+ and price that time increase so high. Only time will tell if I am correct when results are reported.

I suppose you also cannot see that every quarter they got come out with "special news" so that your eye turn away from the poor results?

Firehawk, lol sell at 54 for what? Wait one more day get another 2.8% return lol

Hanoi, raw material price down, profit up......u think the world so simple ah? See SLP....why is their profit falling?

If you continue holding tagb, I can assure you only your grandkids might have a chance of seeing any gains....not even your kids.

Hopetobecorrect, singh1, my humble advice is to accumulate tagb at 25sen and then sell it to tiah for 28sen for a nice 12% gain. It is better than realising a full loss from your current holdings. After that, it is up to u if u want to re-enter TA but my suggestion is no unless TA MGO is unconditional.

Some people try to be clever and say rights issue should be done so that no dilution. But they never think that in this kind of market conditions, the rights issue will be undersubscribed and tiah will subscribe them all. Better don't need to waste shareholder money on the rights issue and tiah just pump in money from the start.

TAGB was spun off from TAE in 2009 with the hope that the value of TAGB's properties would be appreciated better and valued more properly by the market. But since this didn't happen, it's time to merge back since it cost a lot of money to maintain listing status of TAGB.

Veritas, laid out the maths because I thought people posting in TAE thread couldn't see the attractiveness of the offer. But found out later that all these people are TAGB shareholders who bought at ridiculously high prices and are caught so badly now.

Realistically, it will never go above 66.5sen with or without this exercise because property market is horrible.

Vote for resolution means share price will go to 0.665 and u can dispose at 0.665. tae will not be privatised because firstly 0.665 is not fair and tiah also wants it to remain listed. After offer period close, tae share price will go back towards 0.55 and if u believe in tae, can accumulate back at lower price.

Yes only we non interested shareholders can vote. Oh u received the notice....cheh that means you, and I believe all the others above, are all tagb shareholders. This is tae thread. For tae shareholders, we love the deal.

No, Tony cannot. As mentioned earlier, as TAE shareholder, I'll vote for consolidation of TAGB but I will not accept MGO at 66.5sen. simple maths above show why I'll vote for consolidation but not accept MGO.

Hopetobecorrect, there was no vote and egm in 2018 lah.

Lele, lol why sound so desperate? U bought tagb at high price then now caught by low offer is it? U keep pushing dilution, tiah no good....correct, tiah can do much more but I also know he gives me 4sen dividend a year and with tagb consolidated, I can get 5-6sen per year which is almost 10% dividend yield for me.

Lele, what about all the big companies like public bank, yinson, hartalega, sime? Even big foreign company like Amazon, Facebook, Tesla, Berkshire? All of them have shareholder holding big controlling stake also....

here is the maths, simple and easy to understand:

Total number of TAE shares outstanding now = 1,711,894,993

TAE holdings in TAGB now = 60.17%

TAGB RNAV after revaluing top 7 properties = RM5.858 billion

Current RNAV of TAGB owned by TAE shareholders now (per share)
=(60.17% X RM5.858 billion) / 1,711,894,993
= RM2.06 per share

TAE shares issued to swap Tony Tiah's personal TAGB holdings
= 343,730,421

If:

(a) All remaining offer shares choose cash option,

Total number of additional shares issued to Tony Tiah = 548,744,439

Enlarged TAE shares
= 1,711,894,993 + 343,730,421 + 548,744,439
= 2,604,369,853

RNAV of TAGB owned by TAE shareholders after takeover (per share)
= RM5.858 billion / 2,604,369,853
= RM2.25 per share


If:

(b) All remaining offer shares choose share swap option,

Total number of additional shares issued = 548,744,439

Enlarged TAE shares
= 1,711,894,993 + 343,730,421 + 548,744,439
= 2,604,369,853

RNAV of TAGB owned by TAE shareholders after takeover (per share)
= RM5.858 billion / 2,604,369,853
= RM2.25 per share


Conclusion:

1) As a TAE shareholder now, the value of TAGB RNAV that I own now is RM2.06 per share.

2) The value of TAGB RNAV that I own after the takeover is RM2.25 per share.

3) TAGB RNAV of RM5.858 billion is obtained only after revaluing top 7 properties. TAGB has more than 20 properties in its portfolio and we will find out the actual value of all their properties when BDO comes up with independent advice.

As TAE shareholder, you can be sure I'll be voting for the takeover.

Lele,

I read that but I can't understand. Offer for tagb is extremely undervalued....why would tae shareholders reject? Also if the MGO for tae comes through, he won't be able to mop up more because no one will sell to him. You can refer to previous offer he made. Besides, tiah has no intention to delist tae. He wants it listed.

Hopetobecorrect,

U willing to pump in money meh? I wouldn't, especially when the true value is not reflected in the share price. I prefer someone else pump in and I enjoy some benefit.

Luckypunting,

What u mean dilution? U need to take into account the value of TAG which is at least RM2billion more than what u see in the NTA now. Look at the independent valuations of some of the TAG properties in the takeover document.

Basically Tony Tiah is pumping in his own money and yes, he benefits big time but the other shareholders also benefit a lot. So in the end our % stake in TAE become smaller but the value of that stake actually becomes higher than before.

If need TAG shareholders vote, then sure fail because 28sen is cheating so bad. But all TAE shareholders will benefit big time by taking TAG private at such ridiculously low price.

Sslee,

You're taking a risk by buying TA now because MGO for TA may turn out to be conditional. Will only be less risky if offer is unconditional. If everyone takes share swap option, Tony tiah will hold less than 50% and no one will sell TA to him at 66.5sen because it's too cheap.

Hahaha this argument is turning out to be real funny. But yes balvin, you lost the respect first by starting the name calling and csan responded with equal childishness.

Guys anyone went for the EGM today can update? did they tell latest amount in cash trust, when they will make 1st distribution and whether promoter eligible for non cash trust money?