The take-over is for the water assets, not the companies which own the assets. I believe we do not have to wait too long for the shot-gun marriage to be consummated. The bride is already pregnant especially due to Langat2.

Gamuda have connections in Perak; Razali, Puncak CEO and RM33m/yr man is UMNO Selangor's Treasurer, if I remember correctly!

Yeah, would be useful to see what are the other conditions besides the administrators.

Based on present SCR, no way for the game to roll to RM5.10! It will roll only to RM3.9. That's why the HuHa.

Razali has powerful backers. I think that Maximus will bear the political can for the Fed Govt for any increase in compensation to the water concessionaires. His constituency is in Sabah, so any political fall-out he may suffer is insignificant. I think the picture is positive. Why else would both Puncak and Gamuda held out and suffer the tongue-lashing and public opprobrium from the MB and the public. It will be so much water off the duck's back if the RM is worth it!

So there is a takeover under section 114 with a written commitment by Khalid on Langat2! So we will see how the Fed Govt compensate Puncak, including any sweetener over and above the RM9.65B previously offered to all the concessionaires.

We must not let those rascals get away with daylight robbery! Bursa should also amend the takeover code to close the loop-hole i.e. takeover using capital reduction and a bogus issue of new shares to bypass the 30% that will trigger a mandatory take-over offer; not to mention that the take over via mandatory offer should be at least 10% above the NTA per share!

Too much at stake in Langat2. I feel the Fed Govt will go all the way. Puncak have both water and O&G business. Therefore I am not pessimistic. Patience is the name of the game. The grouper seldom moves. It waits patiently for the prey to come to it. It is one of the biggest and fattest fish in the sea. So its patience pays off better then those fish which moves around for food. E.g. the shark!

Just the land itself, based on the info, will value PRKCORP at RM18 per share!

Only course of action now is for retail investors to unite, buy up as much as possible below RM3.9 and go vote against the SCR.

Fed govt not feasible to exercise section 114. Khalid holds the trump card in that he has power to approve Langat2. If he does not, no point for Fed to take over Puncak. So I am expecting a quit pro quo: Fed govt to twist Razali's arm and also tempt with sweetener to accept take-over and Khlid to approve Langat2. It's the sweetener that we are interested in. Another RM1-5B for Puncak?

They offered a capital reduction buy-back at 23% below the NTA to effectively take over PCORP?! This is a loop-hole in the take-over code. Later-on, they can relist again at effectively 1000% more!

Correcting before continuing North on 2nd wave.

This looks like 'it'. It's either more O&G contracts and/or water deal agreed!

Price crept up. Something brewing.

I think it's a dead cat bounce.

Blast the so-called big guns. Big buying opps coming up. Lower the better!

Mr. Koon, please do not let both your political and investment positions be known at the same time. Those political powers-that-be have enough financial muscle to sell you down the river and keep you there! Pity us poor retail investors. Without the big boys coming in, we will be kept low and counting interest cost.

'It' can't go up when asleep. One have to 'monitor' until it's up, so that one can do the appropriate before it go down again!

RM15K is peanuts to the CEO.

Calm down. Ugly duck can also turn into beautiful swan. Nothing remains static. But those who listened to Calvin and sold off Perak Corp earlier have missed the boat. Likely that Calvin and those behind him had secretly bought!

RM2.59 is possible. It might even test RM3.00 with Balingian and given the current bullish conditions!

Patience. They will have to have a win-win compromise.

Puncak likely to be another PRKCORP!

I am accumulating. The price trend is against Jtiasa's fundamentals. Koon has been quite vocal lately and very likely upset the powers that be who have decided to show their financial muscles. Their message: shut up if you want your share price to rise. I agree. Nothing that Koon wrote lately in the political sphere is new to me. So to be prudent and if he has nothing new to say, he should shut up until he can sell off Jtiasa at RM8!

For us in Asia, the Chinese economy is still the economy to watch.

The rise in Latitude price is based on the strengthening of the USD against the RM which potentially increased its profit margin by about 9%, besides the prospect of increase in demand from the US market.

But the RM is now forecast to strengthen against the USD, which threaten to negate the increase in profit margin. Hence, the sell down. The rise of the RM is due to the rise of the Chinese Yuan against the USD.

Buyer and seller doing a sandiwara. I am accumulating.

The pattern points to possible manipulation by a syndicate. They are accumulating at RM2.06.

Prepare to accumulate!

Small fish are nibbling. Prelude to big fish biting?

Don't think the price will go down further. The output from the oil palm plantation will recover and head up. So good for the longer haul of say 3 months.

Santa Clause is invest2mil. If price goes down to RM1.000, buy at least 2mil worth!

Hold hold hold (also ho ho ho!)!. Santa Clause belated delivery! Happy new year every one.

End Feb 2014 results still 2 months away. Only Balingian contract matters now. Let's fly to RM2.5 before CNY!

FFB, CPO and PK production fell 16%, 26% and 20% in Nov as compared with Oct, while logs remained stable at just over 97K cubic meter. So the most plausible reason is that FFB, CPO and PK production fell in Dec as compared to Nov. Log production may also have fallen. If so, the falls will be due to the rainy season and therefore temporary. So, I would accumulate if actual Dec figures confirms the fall and the price retreat further.

Jtiasa may also have to drop its plywood price if Indon's are cheaper. But it has it's oil palm plantation that are coming to maturity increasingly. It will make less profit in plywood but increasing profit in oil palm. So there must be some other explanation for the sudden price drop.

Why run? Puncak still have the O & G business and the water takeover is imminent.

I look forward to a big CNY ang pow.

Be prepared for the big bounce on Monday. There is a gap of 12 sens to cover (RM3.25-RM3.13). It does not look like due to the water deal not resolved. Looks more like irrational pessimism.

Hold on. Buy to average down. Be patient.

Not if big contract awarded. But SCABLE is known to be a bit of a laggard.

But EPF buying nearly offset disposals by OCBC and GE.

It's going down. It broke support at RM2. If it break RM1.95, the sea's bottom is the limit. Get ready to accumulate at below RM1.95.

Crawler is with the KPS forum, giving his comfort to those floored by the recent crash in KPS's price.

Still no trade yet today.

Oops, I mean 2.33.

I believe JCool is half right. The next jump should cover 40 sens up. The full triple jump should take it well past 3.33.

No, hold tight and buy on weakness. The pressure on all parties will carry the day. Also remember Petronas contracts for Puncak's 100% owned sub GOM are due to be announced.

The tussle with Puncak is over the RM4.04B which the fed govt offered to pay off the debts of PNSB and Syabas in order to ease the take-over (fed govt is anxious for Langat 2 to proceed. However this offer effectively made PNSB and Syabas debt free and increase the net asset/value of both companies and Puncak wants a share of the RM4.04B. The fed govt may not have expected such a tussle. Therefore Khalid is referring the issue back to the fed govt in the hope that the fed govt will increase the offer of RM4.04B and/or twist Puncak's arm. So, the fed govt will decide the outcome. My speculation is that the fed govt will improve on the RM4.04B.