@Frank Soweto. "Factual' from whose point of view? Yours only? Only your context is factual? From your 'cheong hei' post, its seems to me that the saying is true: You can take a person from the slums, but you can't take the slums from the person!

You don't have to let me win. There are no winners or losers in an argument here. The only losers are those who are panicked. But it's hard enough making a bet on the market!

@Ken Loo. You did not say 'drop next week'. You said "MONDAY WILL drop more". Unless you do not understand English Grammar, you are predicting with certainty that the price WILL drop on Monday, i.e. tomorrow. There are some newbies who have already be panicked by some conscienceless trolls (do check back on this forum to find out who they are) to sell at a loss at a time when the price was below RM3. As share traders in this forum, one should be more responsible and not make unfounded remarks that hint at having malicious fun at the expense of others, especially when the price is weakening!

@Frank Soweto. I deleted because I choose peace. Also I am not obliged to be accurate all the time with my comments (not that I admit my comments on Koon's mouth is inaccurate). I can be wrong. But I made my comments in good faith.

Agree with traderman. According to the charts, the support level is RM3.33/34. If this is breached, the next support levels are RM3.3 and the RM3.25.

@Frank Soweto. My nick reminds me that when up is down, it is buying opportunity; and when down is up, then it is selling opportunity. If I follow this when investing, then for me, it is 119, which in Cantonese mean 'sufficient everyday'.

Good point terminator. So trade like ulutrader to be safe. After all the price do go up and down which is good for traders!

Yeah, good idea. Meanwhile buy a few thousand each time spare cash is available. Nothing to lose - a certain 24-25 sen gain in a few months. Better than FD!

Anyone who can predict when a share 'will' drop or 'will' rise will be richer than Warren Buffet long ago.

@Frank Soweto. I rest my case. You are too 'cheong hei' for me.

The following article speculated that Kali gave in on the water deal because of a quid pro quo with a bank: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=229771:accusations-grow-that-mb-khalid-may-have-sold-out-to-daim-zainuddin&Itemid=2#axzz2twdpYFe6

So it's another sign that a deal is on if the article is accurate. And chance of sweeteners is higher since kali's original RM9.65B is not acceptable to Puncak and Gamuda.

Here comes the push. Still got time to jump on board.

@jacklintan. Don't know how long. Throw when you make enough profit. You should have your own target price.

@jacklinta. RM4.16 should be the minimum.

The chart for Hevea and Hevea-WB yesterday showed bearish engulfing for both stocks. So tread carefully today.

The news reports on the water shortage (without checking on the reservoirs this time), I suspect is part of a public campaign by both sides of the political divide to prepare public opinion to accept the use of tax-payers' money to fund the take-over with sweeteners.

Very good. Public pressure on both sides to deal.

SCABLE will stay down for a while since it is a laggard. So accumulate below RM1.6, and especially below RM1.5.

Run up tomorrow and/or next week, hopefully.

I should have said, "especially at your (retail investors') expense!

I don't know. Puncak is linked politically.

In fact, with 40 million shares, Koon can sell down and buy back periodically for pocket money. So, retail investors, do not trust the big players no matter what they say. Watch where their interest lie. They will look after their own interests, no one else; and they will look after their own interests ruthlessly, even at your expense!!

If Puncak gives a good enough special dividend after the deal, then the market price per share will go up. If not, then the analyst estimate of RM4.16 per share is more realistic!

Not Puncak's market share price, but the amount likely to accrue per share if deal goes through. Market may reflect a discount to the NTA after the deal!

I am not a nay sayer of Koon. I agree with his analysis of JTiasa. But few have his financial strength to weather the storms. And he may overreach. During the sell down, there was a strong buying attempt (Koon?) to shore up the price, but which failed. And as you said, 40M is just a small % of 973M. The really big boys still hold the aces. Even Koon need to be aware of this. The big boys can do as follows if they want to be nasty: sell down, buy back and repeat process until confidence is lost on the shares and retail investors throw. Koon can accumulate, but he cannot accumulate all as even he cannot match the financial strength of the really big boys! I look at the facts, but not linearly. As far as possible, I look at all the implications and nuances of the facts.

@Frank Soweto. Don't have to get upset and resort to name calling. We are all civilised and there are no barbarians here (I think). Koon, with 40 million shares, can be overconfident. The powers-that-be have demonstrated that they can down Koon's counter even with his 40 million or $millions. It demonstrated to us small fries (& voters) that Koon is not as powerful as he seems when he opens his mouth. The margin players and small fries are the ones who suffered if the powers-that-be's big boys takes exception. The price of JTiasa has yet to recover fully since the December sell-down. Those who bought at >RM2.45 are still stuck. I just empathise with the small fries, that's all. If Koon have been mopping up the shares, good for him. But the small fries...?!

Wow! Great buying opportunity coming at RM1.05 per share!!

@stkoay. I am riding others but not a tiger like Puncak which tested my nerves, focus and mental strength like no other. The roller-coaster ride is like surfing on giant waves in an ocean full of white pointer sharks and killer whales! If you want a gentle ride upward (at the moment), try HapSeng. Risk is always yours though. However, still time to jump on the tiger, anyone? Risk of being eaten alive still fair at present, i.e. to my mind.

@jacklintan. Please refer to my recent posts above for how much per share.

Is any of the directors selling?

@jacklintan. Puncak will be taken over for minimum of RM9.65B (unlikely) to a maximum of RM15B or more. Puncak price seems to be taking a breather at the moment after the rapid gain of 15 sen yesterday.

@Frank Soweto. So Koon is going to Kajang? Maybe that's why JTiasa is faltering. Last two days show double dragonfly doji - a big struggle between the bulls and bears. Would be interesting to see the trend today.

Koon said a Fund sold to reduce profit (?) at year-end. But behind the Fund could be 'associates' of the 'Bolihland Government'. You seem to have a penchant for name-calling!

RM13.6/share not including O&G, construction (new pipe project) etc.

@skng74. That's why I said that hopefully, I don't get eaten by the tiger before I reach the faster horse! However, the adrenalin from riding the tiger is better than .....!

@iafx. Likely the debt will be excluded, if not wholly, partially. But Puncak is on the fed's side. Don't think fed will be tough on Puncak as Pensioner said earlier. Likely, the whole debt will be excluded for a quick resolution before kajang pawn queens and toughen the terms. If Puncak gets FULL amount of RM5.6B, it will translate to RM13.6/share!

@iafx, IF exclude debt, and assuming Puncak gets 70%, then Puncak will get 0.7 x RM5.6B or RM3.92B, which would represent RM9.51/share. But if the RM5.6B is for Puncak's 70% of Syabas AND exclude debt, then it would be RM13.6/share! And that's NOT including the O&G and construction and other businesses. That's why I want to ride the tiger to the conclusion of the take-over and then the horse beyond RM4/share! Hopefully I don't get eaten by the tiger before the horse takes over.

CIMB article mentioned RM4B top-up. Its got to be likely, otherwise back to square one: kali's baseline offer of RM9.65B, Puncak's 'acceptance' with conditions and deadlock!

@skng74. RM2.8/share is part of the RM5.6B which is part of the RM9.65B. BUT if there is a top up of RM4B on top of the RM9.65B, then this RM4b is pure compensation for value of water business sold or windfall profit. Puncak's share at 70% is RM2.8B or RM6-7/share. In total, the final result is RM10/share or thereabouts. Please correct me if I am wrong again.

My calculations: If only RM9.65B, Puncak is RM4/share. If top up of RM4B, then 70% or RM2.8B goes to Puncak (Puncak owns 70% of Syabas), all profit since debt already accounted for in the RM9.65B. RM2.8B is RM6-7 per share. Net result after water deal and top-up will be about RM10 per share.

Riding the tiger/horse...weeeeeeee!

A 'valuation top-up' of RM4B, i.e. over and above the last offer of RM9.65B, will add another RM6-7 per share to Puncak bringing the total to over RM10 per share. Correct me if I am wrong, anyone?

But looks like someone accumulating between RM1.51-52. Nevertheless, keep accumulating. Scable can't stay down for long since upward pressure is building. Taib's son or daughter likely to run in Balingian. Either way, it's all in the family. Risk is always yours though.

ding ding tiung! ding a ding a tiung! ding ding tiung! ding a ding a tiung! Balingals a-ngajating up!

Next week is a long, long time.

Fed also anxious to settle because if kajang pawn queens, then Puncak can be kissed off by Selangor but still hold fed by the throat. New terms likely to be tougher for the fed. Langat2 $ backers face bankruptcy if project delayed. Kali may not know how to play real hard-ball, but no problem for the kajang pawn when it queens!

In this case, if son up >mother, then mother likely to catch up. People buy son in expectation of mother and make more then buying mother.

@haikeyila. Why the 'silent' treatment so far? You know that we all love you, at least HJey and I! Now please give us your chirpy comments to chirp up the price of HapSeng even more.

Fed will have to be careful with the terms of the take-over and asset transfer back to Selangor. Otherwise it will end up with kali still holding its throat after helping kali kissed off Puncak.

Oops correction: Puncak owned 70% of Syabas; Kali through KPSB owns 17%. The balance of 13% is owned by the fed through Ministry of Finance Incorp.

Puncak and Gamuda are sitting pretty. With Puncak controlling Syabas, both know that Kali will have to give, otherwise no water 'restructuring'; or Fed will come in, otherwise no Langat2 with billions already invested to transfer water from Pahang at stake. The dead-lock will have to break, and break soon.

Raw water license revoke is just a 'Sun Tzu' move. Syabas is still the key. One can have the 'raw water licenses' (even 'HORAS') but still have to come to Syabas (which owns the pipes) to distribute water. If kali can get even 51% of Syabas (he got 30% via KDEB, with Puncak holding 70%) he would have told Puncak to 'berambus' and will also hold the fed by the throat by withholding consent for Langat2. As it is he managed to hold the fed by the throat, but Puncak hold him by the ....!!