Thanks for your previous triplc length explanation. Since triplc is lucrative concession, the acquire Puncak should also benefited. Puncak share price have been bashed down significantly due to poor construction execution. Puncak acquire triplc is timely to gain triplc expertise in construction buisness to revive Puncak construction later. After acquire triplc concession business, Puncak will return back to have long term concession business, re rating is on card.
Although Puncak recently acquire plantation which still need gestation time before enter into prime mature, increase yield, but at least its solid long term business. In addition, Puncak oil and gas also pending revival in view of strong recovery in oil now. All in, I think Puncak worse time could be over now.
portfolio have both Puncak and triplc ( sold lucrative concession, but potential to declare special dividend )
Jay, You know what? I have just visited your blog page & try to follow your latest comments this afternoon. Only found out that you have "0" comment in the past 30 days. :)
@hng33 puncak is a riskier choice. if the deal goes though, triplc earnings can sustain them for the next 3 years but I'm not sure how huge their existing operations and new plantation losses will be. young trees literally gives no fruits and revenue in the first few years. if for some reasons the deal doesn't go through, triplc profit will remain strong but puncak will continue to slip into oblivion (which many puncak shareholders don't seem to understand). but I understand your trading rationale, just be aware of the risk
@PurplePain if you think it's fake then again it shows how limited you know, a reading of how IAS11 or IFRIC12 came about last time may broaden your narrow mind. personally not a fan of recognition only at completion, just make it difficult for investors to understand what is going on
Thanks jay, I have took profit on Puncak today at 76sen, have repeated trade many round already for handsome contra gain. Now, portfolio still retain some for continue exposure for upcoming EGM.
Portfolio have more triplc stake now at average cost around RM 1.89, awaiting for approval too in EGM with special dividend and await for next month Q1 result in which expect higher construction profit from new concession as progress advancing.
mind to share your view , I believe many here are hoping to read your comments and how you look at petronm now. I also hope to learn more from you. thanks
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Posted by VenFx > 2017-09-20 19:19 | Report Abuse
Hmmm.
Good sharing .