To win the game , the average cost needs to be below 10 sen...As upon completion all the 3 corporation exercises, total number of shares are about 690 million units, the estimated consolidated profit is about 30 million for year 2020 , with trading PE 15 ...Total market capitalization would be about 15x 30= 450 million , that will translate to (450/690)= 0.652 or 65 sen per share, that is equivalent to 13 sen per share(65/5) before consolidation...
In addition to that, currently , PUC is only owning about 12 % of Prestomall , and balance 88% is owned by Redhot Media, and Red-hot media also own 22 % RCPS in Prestomall, balance 78% RCPS of Prestomall was owned indirectly by Axiata, with fore coming new partner (said possibly to be JD.com of China), PUC holding in Prestomall would be largely diluted, therefore ,future performance of Prestomall would not impact much on PUC bottom line, and redhot media would become minority shareholder of PUC, and PUC would be holded directly by ccc and his previous partners of Pictureworks significantly ...That is to say....Upon completion of pending corporate exercises , PUC would virtually became a listed PICTUREWORKS....
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)PUC BERHAD ("PUC" OR THE "COMPANY") - PROPOSED DISPOSAL BY PUC OF 100% EQUITYINTEREST IN MAXGREEN ENERGY SDN BHD TO SRI LAHAT PROPERTY SDN BHD FOR A TOTALDISPOSAL CONSIDERATION OF RM7,500,000You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Didn't you received the big thick white proposal book from PUC? Be patientlah people. Penny stock like PUC need alot of courage and patient. Of course the pressure from watching CCC selling his holding stocks are immensely a pain-in-the-ass, but it has been written clearly that he is in the process of acquiring PW.
effective ????..... "PROPOSED CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN PUC ("PUC SHARES") INTO 1 PUC SHARE ("PROPOSED SHARE CONSOLIDATION")(COLLECTIVELY REFERRED TO AS "PROPOSALS")"
Entitlement Details: BOOKS CLOSURE DATE FOR THE CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN PUC BERHAD ("PUC") ("PUC SHARES") INTO 1 CONSOLIDATED SHARE AT 5.00 P.M. ON 6 MARCH 2020 ("SHARE CONSOLIDATION") ("BOOKS CLOSURE DATE")
Entitlement Type: Share Consolidate Entitlement Date and Time: 06/03/2020 05:00 PM Year Ending/Period Ending/Ended Date: 31/12/2020 EX Date: 05/03/2020
PUC Berhad (“PUC”) was incorporated in Malaysia on 3 November, 1997 by China Founder Group. It was listed on the ACE Market of Bursa Malaysia Securities Berhad on 8 April, 2002. Throughout the years, PUC and its subsidiaries have built a solid foundation in integrated media services and payment solutions. In mid-2007, the Group embarked on a digital business journey. Today, the Group’s digital services include financial technology related services, new media, eCommerce, mobile payment, digital imaging, and artificial intelligence. These continuous efforts are in line with the Group’s vision to be a world-class homegrown digital lifestyle service provider. https://www.puc.com/wp-content/uploads/2019/12/PUC-Berhad_Group-Corpor...
Come to think of it, Icon Offshore a stock that is not-in-a-favourable-O&G-sector Rights Issue proceeds from shareholders to financier and creditors will be merely to ease its financial burden without much business development and yet share price shot up the roof. While i agree that over the past few years there were a lot of dilution on PUC shares, management had proven profitability improvement and the upcoming 30% private placement will be used to acquire the remaining 67% WITH a profit guarantee of RM25mil in 2020. With the same market mentality maybe PUC will shoot up to the milky-way on 9 March, HAHA!!
The Group recorded a lower revenue in current quarter compared to the immediate preceding quarter due to lower revenue recorded across all business segments, except E-Commerce. The factors giving rise to the situation are as explained in paragraph B1 above.
The Group achieved a lower profit before taxation in the preceding quarter mainly due to: (a) Goodwill write-off of RM26.02 million. The goodwill is those attributable to PUC International (Hong Kong) Ltd and renewable energy business;
(b) Impairment of intangible assets of RM21.85 million. These assets are related to traditional media businesses that the Group has decided to wind down;
(c) Impairment loss on the solar plant amounting to RM2.46 million as the Group had embark the disposal of Maxgreen Energy Sdn Bhd in current quarter of which the process has yet to complete as at end of 2019.
I think as a person with some sense of integrity, at any given time, will keep the comments flowing for the benefit of the everyone including yourself.
This round, I'm caught off guard with the huge impairment of PUC which not a word can be spoken.
Some people went quiet after the heavy shouting of PUC. This is a huge disappointment.
looking at the quarter result, u know the management is trying to push some revenue to the next quarter, especially the contribution from PW. Having a profit guarantee for 2020, the ceo needs to make sure the target is achieved, otherwise he will be getting his $ late. The virus is hitting their china business badly, without pushing some revenue to the next quarter it's hard to achieve the profit guarantee
cytew To win the game , the average cost needs to be below 10 sen...As upon completion all the 3 corporation exercises, total number of shares are about 690 million units, the estimated consolidated profit is about 30 million for year 2020 , with trading PE 15 ...Total market capitalization would be about 15x 30= 450 million , that will translate to (450/690)= 0.652 or 65 sen per share, that is equivalent to 13 sen per share(65/5) before consolidation...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cytew
1,610 posts
Posted by cytew > 2020-01-22 13:02 | Report Abuse
Stay away, if until now you still can't understand the purpose of the 3 pending corporate exercises