Posted by davidvestor > 2014-02-20 12:26 | Report Abuse

cash div. = rm2.40 + rm0.32 (N.A after distribution), the remaining business is likely to trade above N.A, I think it is ok to hold on if u can wait unless there is better alternative come along.

Posted by prahadude > 2014-02-20 12:26 | Report Abuse

Sorry typo. 798mil shares

Posted by SexC > 2014-02-20 12:29 | Report Abuse

798m is wrong

Posted by SexC > 2014-02-20 12:31 | Report Abuse

ya after tis jobst stil hv bizs in Thailand India Asean Autoworld.. n 104

Posted by Lew Chin Hoong > 2014-02-20 12:37 | Report Abuse

Seek are not stupid.... "Jobstreet.com" should be sold together to seek.

Without the word "jobstreet", the company is nothing..

Posted by SexC > 2014-02-20 12:40 | Report Abuse

it is a good idea for jobst to get out of jobs recruitment biz anyway.. tat why it is selling jobstreet.. but it stil hv some bizs left

Posted by SexC > 2014-02-20 12:42 | Report Abuse

after special dividend.. jobst price wil drop to 50 sen???

Posted by SexC > 2014-02-20 12:47 | Report Abuse

take special dividend + 0.50 afterward is not bad o..

Posted by calow1 > 2014-02-20 12:50 | Report Abuse

After special div job street be PN17 maybe worth 0.03. Haha. So now buy for like interest return about 4% in 3mth which is pretty handsome I think

Posted by SexC > 2014-02-20 12:52 | Report Abuse

how u count o??!!??

Posted by SexC > 2014-02-20 12:53 | Report Abuse

don't scare ppl la

Posted by SexC > 2014-02-20 12:58 | Report Abuse

0.03 possible or not?? empty shell oso worth much more la

Posted by SexC > 2014-02-20 13:00 | Report Abuse

can someone kindly give a good answer.. I want to buy after lunch..

Posted by imoogi99 > 2014-02-20 13:52 | Report Abuse

Hmmm....700mil+ shares...not really. Base on current standing it is only 635.124mil shares issued. Paying back RM1.7bil to shares holder...so it will be RM2.67 per shares. This does not include any other dividends.

Posted by SexC > 2014-02-20 13:52 | Report Abuse

yktay1 "Seek Ltd. said it would buy the remaining shares in JobStreet Corporation Berhad's online employment business, continuing its push into Asia in a deal valuing the target at 1.73 billion Malaysian ringgit (US$523.5 million).

Australia's biggest online job ads company said its majority-owned subsidiary Seek Asia would acquire the 78% of the JobStreet business it doesn't already own. The deal is subject to regulatory approvals in Singapore and shareholder approvals. JobStreet operates in Malaysia, Singapore, Indonesia and Vietnam. " According to The WSJ.

Although in terms of comparable valuation (P/E & P/B), the price does seem fair, I will still vote no as a minority shareholder. Seek currently has 22% of the company and are targeting for the remaining 78% granting them full control. Thus, a control premium of 20% over the average 20 days closing price should be included in their offer, valuing the company at RM2bil or RM3.02 per share. I hope that Fidelity Worldwide Investment (FIL Limited) and other shareholders will share my view.

19/02/2014 13:46



confusing la Tis oso say 1.73bil is for 22%... oso minority shareholders can OBJECT D DEAL

Posted by imoogi99 > 2014-02-20 14:02 | Report Abuse

Thanks jowong7...that's how the 700mil+ comes about.

Posted by SexC > 2014-02-20 14:03 | Report Abuse

oso... remember Seek d buyer is also a substantial JobStreet shareholder with a 22 per cent stake..


if Seek lets Jobst price dropped to 0.03 all bcos it is buying out d JobStreet Corporation Berhad's online employment business.... it wil in fact b screwing itself by buying d JobStreet Corporation Berhad's online employment business n cos d price to drop to 0.03..


I feeling post special dividend.. Jobst wont kaput simply bcos Seek wil stil b a substantial JobStreet shareholder with a 22 per cent stake.. Seek wont let tat happend

Posted by SexC > 2014-02-20 14:05 | Report Abuse

worst case.. hope Fidelity Worldwide Investment (FIL Limited) and all other shareholders will object tis deal cos it is simply too confusing n price too low..


Although in terms of comparable valuation (P/E & P/B), the price does seem fair, I will still vote no as a minority shareholder. Seek currently has 22% of the company and are targeting for the remaining 78% granting them full control. Thus, a control premium of 20% over the average 20 days closing price should be included in their offer, valuing the company at RM2bil or RM3.02 per share. I hope that Fidelity Worldwide Investment (FIL Limited) and other shareholders will share my view.

Posted by SexC > 2014-02-20 14:09 | Report Abuse

if Seek lets Jobst price dropped to 0.03 all bcos it is buying out d JobStreet Corporation Berhad's online employment business.... it wil in fact b screwing itself by buying d JobStreet Corporation Berhad's online employment business n cos d price to drop to 0.03..


I feeling post special dividend.. Jobst wont kaput simply bcos Seek wil stil b a substantial JobStreet shareholder with a 22 per cent stake.. Seek wont let tat happend

I feel after d purchase n special dividend... Seek wil continue to support Jobst n wont let Jobst become PN 17... cos Seek wil incur big loss on its 22 per cent stake if Jobst PN 17

Posted by SexC > 2014-02-20 14:11 | Report Abuse

Errrr.... missed out Fidelity Worldwide Investment (FIL Limited).. post sale n special dividend Jobst wil not b PN 17 cos Fidelity Worldwide Investment (FIL Limited).. oso Seek r stil d substantial shareholders.. they wont let Jobst PN 17

Posted by SexC > 2014-02-20 14:14 | Report Abuse

I feeling post sale n special dividend.... Jobst price wil b around 0.50.. cos Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders wil contunue to support.... they wont let Jobst PN 17

Posted by SexC > 2014-02-20 14:16 | Report Abuse

0.50... cos post special divided NA 0.30 + 0.20 from Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders support

Posted by SexC > 2014-02-20 14:20 | Report Abuse

confusing... price now shd b 3.22.. 3.10.. 2.90??!!??

0.50 + 2.72 = 3.22

0.50 + 2.60 = 3.10

0.50 + 2.40 = 2.90

Posted by SexC > 2014-02-20 14:23 | Report Abuse

feel Jobst price now shd not b entirely decided by d special dividend amount.. bcos post special dividen.. Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders wil support n not let Jobst PN17

Posted by SexC > 2014-02-20 14:26 | Report Abuse

in worst case... price now 2.55 - special dividend 2.40 = 0.15.. mkt has valued post special dividend jobst at 0.15 indeed a PN17 co value..

tis vs its NA 0.33.. n d fact tat thr wil stil b Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders wil support n not let Jobst PN17

Posted by SexC > 2014-02-20 14:27 | Report Abuse

I buy

Posted by calow1 > 2014-02-20 14:28 | Report Abuse

erm confusing.

Posted by SexC > 2014-02-20 14:28 | Report Abuse

errrr.. don't follow me.. follow me don't blame me

Posted by SexC > 2014-02-20 14:31 | Report Abuse

i bet Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders wil support n not let Jobst PN17.. if ah heng ahmad muthu r d Jobst major shareholders thn difference story

Posted by SexC > 2014-02-20 14:44 | Report Abuse

aiya no nid confusing la.. Jobst shd b 2.90 now.. at 2.54 buy

Posted by Stockman > 2014-02-20 14:47 | Report Abuse

Many buy today

Posted by SexC > 2014-02-20 14:48 | Report Abuse

smart ones wil figure out wat i hv bin saying n buy

Posted by SexC > 2014-02-20 14:53 | Report Abuse

NA per share pun 2.73 liao...

scare PN 17 ah... Fidelity Worldwide Investment (FIL Limited) oso Seek d substantial shareholders wil support n not let Jobst PN17..

Posted by David Mor > 2014-02-20 14:57 | Report Abuse

guys whats wrong with jobst? jobst pn17? i view the quarterly report look like nothing wrong with it. Pls advice me ty

Posted by audacity > 2014-02-20 14:59 | Report Abuse

buy signal !

Posted by SexC > 2014-02-20 15:00 | Report Abuse

yes one smart one who understand..

Posted by calow1 > 2014-02-20 15:51 | Report Abuse

David - becos Jobstreet selling off the Subsi to JobsDB for 1.7billion. Then Jobstreet Bhd will be like "empty shelf" .. so under Listing Rules, the company has to be listed as PN17 status. The proceeds from sale of subsi will be returned to shh as a special dividend. So basically.. the forum is discussing..
1) How much we getting back from the special dividend. TheStar said RM2.72/sh.

2) How much Jobstreet berhad will value after the sale... becos if it's PN17 status.. will it become Penny Stock

so.. with that reservations, whether can buy Jobstreet at current RM2.54/55. I also think is a buy... just accumulated
hope im safe.. haha

Posted by SexC > 2014-02-20 16:04 | Report Abuse

yes two smart ones who understand..

Posted by calow1 > 2014-02-20 16:04 | Report Abuse

but one strange thing i feel is.. why price keep falling when it is a buy and like sure profit kind of thing?

Posted by David Mor > 2014-02-20 16:09 | Report Abuse

thanks calowi. I am still new in investing. Can i know that after they complete the selling of the subsidiary where will the money go to? will they distribute it to all the company shareholder? if in that case base on what i calculate each unit of share will entitle of rm2.68. pls correct me if i am wrong. 1,700,000,000(selling price)/633,573,000(number of share)

Posted by SexC > 2014-02-20 16:11 | Report Abuse

cos two understood.. lots more do not

Posted by SexC > 2014-02-20 16:17 | Report Abuse

jowong7.. at tis price is it a buy for u? Even if u got d special dividend amount correct.. valuing Jobst post special dividen at 0.13 is low.. wont u agree?

Posted by calow1 > 2014-02-20 16:17 | Report Abuse

yeap the proceeds to return to shareholders becos the resolution is bundled together.. "vote to Sell Plus Return the Cash"

Posted by David Mor > 2014-02-20 16:18 | Report Abuse

calowi is it compousary for them to return back the money 1.6bil to hsareholders? if so the price shouldnt go below so much or after selling they still need to deduct all the debt they own to other party first before distribute to shareholder. Sorry for bad english

Posted by calow1 > 2014-02-20 16:24 | Report Abuse

They are selling the subsi and not their business.. so it doesnt affect their debts or creditors ...

since the proposal is "proposes a distribution of approximately RM1,700 million via a special cash dividend, asdetailed in Sections 2.8 and 3 herein, to the entitled shareholders of JobStreet (“
EntitledShareholders”) at an entitlement date(s) to be determined and announced later "

so the deal go thru, give back special cash div is definitely there..

Posted by David Mor > 2014-02-20 16:33 | Report Abuse

ok thanks calowi.. i decide to jump in with ur guys. wahahhaha~!

Posted by SexC > 2014-02-20 16:37 | Report Abuse

yes thre smart ones who understand..

Posted by David Mor > 2014-02-20 23:21 | Report Abuse

walao~! why nobody talking about this counter? or they r busying with poslaju, dsonic or prestariang

Posted by SexC > 2014-02-21 07:57 | Report Abuse

JOBST is going to b PN 17.. Shit!

Posted by affersdarto > 2014-02-21 09:23 | Report Abuse

http://www.intellecpoint.com/2014/02/jobst-i-do-not-really-get-it.html