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Thank you for this piece, and the other valuation work over the years LC

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210m - 140m (land) = 70m for both Z1P2 and Z1P3

Z1P2 construction cost approx. 270m, guaranteed 42mil availability charges per year for 20 years

Z1P3 construction cost approx. 599m, guaranteed availability charges ???? per year (not disclosed for reasons you and I and tongkat's know...) for 22 years

RM3.04 is laughable. Come back with RM4.50

Yeah guys desperately need Puncak minority shareholders to vote NO

With funding in place for ZIP3 exponential revenue and profit will be recognised in the coming Qtrs

Going by PE alone its undervalued

Going by sum of parts / DCF, the offer is so low its comical

210m - 140m (land) = 70m for BOTH concessions.

Construction cost:
Z1P2 has a construction cost of circa RM270mil and guaranteed 42m per year availability charges.

Z1P3 has construction cost of RM599mil (almost double, and you can imagine the availability charges for this...)

Project NPV:
Z1P2 Financial Assets of approx. 350m - approx. 300m (senior+junior debt) taken up for the project, and you have project NPV of RM50million (equity value will of course be much higher)

Going by construction cost, Z1P3's project NPV should be at least double (most likely more, since larger cost = larger risk = larger required returns - it has a longer concession period)

In fact, Rozali you should just sell triplc to the highest bidder, triplc will easily $300 million

Yea agree with this fella above triplc minorities will not approve...we'll need a minimum of RM4 to save puncak's sorry arse

ESBLA how much revenue/profits...been delayed since forever...banking only on SKIN is going to get your own skin burnt to a crackling crisp

Two times book lol

On paper, it is a is a minority stake in the various JV's, but gunung will have to most likely fund the entire capex. That's just how these contracts work

Vroommm

Houston, we have lift off

Ya true I agree rozali should offer rm1.20 for triplc like the price of a packet of nasi lemak, why want to pay himself so much money he should be more generous and let puncak shareholders benefit

Man you gotta respect the humility of OTB

Come on let it go to 2...

Everything is moving back to precision castparts, long live USA once again warren's timing is impeccable

Where's the self-styled 'sifu' and 'wizard' now hahaha

Say more megasteel closure la, hrc-crc spread la, anti-dumping tariffs la

Where are all the CRC sifus...all disappear after dumping on unsuspecting sheep haha

Where's your spread, your megasteel closure, your anti-dumping tariffs lol

"If the lease is an operating lease, then any gain is recognised immediately if the sale and leaseback terms are demonstrably at fair value"

I dont know which part of that sentence you dimwits dont understand

Come on Monday gap down!

1.40 coming

Now the next question is, what is the value of prestariang's continuing current business

I said it before, RM1.20 fair value

Icon u got insider news from the bunch of 'value investors' who had a meeting with the MD or not...no need to take wild guesses on the next Qr la so difficult...

Because if you dont perhaps BP Plastics latest results will give u a hint on whats expected...

You talk about export counter and currency fluctuations without seeking to see its actual impact on supermax's numbers...you'll be in for a surprise

@hng33 Im assuming your annual fcf 54.3mil figure is pre-debt and pre-tax

Jay in part 1, under your DCF table you computed the Interest payments on the RM275m bond ($240m + $35m)

The first three years was 3% on the 240m senior = $7.2m

However year 4 ($15.45m) and onwards, how did you calculate and/or where did you obtain the bond schedule

Now lets see....what are the chances of 1. Share price will go up 2. Warrants will come down

So so so many, are going to get killed in the next 1-2 quarters

Keep quiet and buy the undervalued one la.....u worry mother down warrant no down is it, then buy warrant la

There will be total freefall in 3-6 mths time like tek seng...hahaha everyone here is waiting for Q3 and unloading high to unsuspecting sheep

Your words and actions have consequences...this time it ended with a person's life...

all that capex spend, and the returns were only for a year before everything dries up....

Oh come on icon, no bank's going to provide margin financing based on fat man tony's aa shares certainly not now with their USD borrowings and looming forex losses (not to mention oil prices are rising....) Selling their leasing arm and distributing the cash isn't going to change that

Finally the day that koon can sell has arrived.....

7 coming

My friend say they going to build wall for make america grreat again

I like how u guys think rising ore prices is going to benefit midstream players hahaha

Hahahaha yaya sell ALL furniture stocks, its going downnn

Keep catching the knife, good

Back to 0.12 as usual

Dont hold back guys, just let it go.........

Everyday push up a bit, unload and drop, then last minute push up back for next day unloading boring la...waste so much time...faster sell all la till rm3....long term not good for apparels Nike drop sales US dollar and economy crash trump is winning

All rehash counters from low base 2013...come on tell us something new

Mm I smell blood

RM7

Approve

Back to 1.20