Posted by iafx > 2013-11-06 14:48 | Report Abuse

taiong, the current price is incredibly low, lucky you! :D

btw, the solar plant is going to commission this qtr (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1310293), annually 11m recurring income for 21 years.

couldn't think of any counter with such capability at this price, well, yr $ yr choice!

Posted by SpringPocket > 2013-11-06 15:01 | Report Abuse

keep it receive dividen lor....hahaha

Posted by lching > 2013-11-06 15:02 | Report Abuse

this morning up and now losing steam.....

Posted by iafx > 2013-11-06 15:09 | Report Abuse

at this price, better off privatize, worth every single cent! :D

Posted by sephiroth > 2013-11-06 15:18 | Report Abuse

iafx, do u know what's the profit on disposal on the kesas stake

Posted by aunloke > 2013-11-06 15:35 | Report Abuse

If you check the BS the investment in control entities is 152M assuming that this is the cost of KESAS investment then the gain will be 98M giving the EPS of 17 sen extra .

Posted by iafx > 2013-11-06 16:05 | Report Abuse

kesas was incoporated in 1993, that 152m unlikely the cost of amprop investment in kesas. afterall, kesas has contributed positively to amprop all these years

generally, after distribute and deduct kesas's debt according to each party's stakeholding, amprop sees roughly 37c per-share out of this deal

Posted by bone > 2013-11-06 16:27 | Report Abuse

the current share price is a steal, buy before it crosses 1 rinngit

Posted by sephiroth > 2013-11-06 16:44 | Report Abuse

The deal values Kesas at about 10x P/E. Gamuda pay so little for kesas, pe should be in the mid teens

Posted by aunloke > 2013-11-06 17:21 | Report Abuse

Yes I agree that the 152M is not the cost I'm taking the worst case assuming that it is the cost actually it should be much less.

Posted by iafx > 2013-11-06 17:40 | Report Abuse

LO says 250m cash for 1m ordinary shares + 93.2m preference shares at $1 each, that's 2.65x already. such a good cash deal, yet ppl take profit today... actually, this offer also reflects juz how low amprop is currently trade against it's *real* NAPS, even if the deal not going thru, amprop is certainly subject to rerating.

aiyoyo, many take out the whole forrest for juz one tree today :D :D :D

Posted by bone > 2013-11-06 17:43 | Report Abuse

someone happily collected from all those that took profit today

Posted by iafx > 2013-11-07 08:52 | Report Abuse

該行認為，雪州發展機構（PKNS）、國民投資機構（PNB）及大馬房產（AMPROP，1007，主要板房產）會要求該公司提高收購價

http://www.chinapress.com.my/node/472715

Posted by sephiroth > 2013-11-07 09:43 | Report Abuse

potential RM98 million gain (17 sen per share)on disposal PLUS high possibility of higher revise offer by gamuda and yet the market choose to ignore these positive development. fair enough, slash down the price to 80 sen so that all of us will sapu much more

Posted by iafx > 2013-11-07 10:15 | Report Abuse

borrow HLIB number, Kesas 03'13 total debt is 253m, Gamuda now offer 875m for 70% stake, deduct debt 177m (253m x 70%) gets 698m. ratio of 3 pkns: 2 pnb: 2 amprop, amprop gets 209m CASH. 209m / 577m ordinary shares = 36c CASH per share.

if the offer is NETT, then it will be 43c CASH PER SHARE. this is not clearly indicate in the LO. anyway, whichever way u look, v r talking about at least 36c CASH per share.

by the time amprop announce special dividend then only retailers will rush in, as usual :D :D :D

actually, with or without this deal, amprop new solar plant is set to bring annual 11m income, plus hot properties sell in London... current price is truly a steal. well, that's securities market, nothing is always expectation... but time will tell :D

Posted by Avocado_C > 2013-11-07 10:50 | Report Abuse

I bought in yesterday, plan to add more as I am guessing the market "overlooked" this deal, as they are too busy with Karex and Barakah yesterday. KESAS is a cash cow, and the traffic is increasing due to housing developments in Puchong / Shah Alam / Kemuning area. I hope they can negotiate higher price from Gamuda.

Posted by bone > 2013-11-07 22:33 | Report Abuse

Low p/e .. high NTA .. oo yess definitely overlooked

Posted by lching > 2013-11-07 22:52 | Report Abuse

Kesas is positive but solar business is red sea. overall still positive.

Posted by sephiroth > 2013-11-08 16:59 | Report Abuse

grab 0.835 today, can't get 0.83, gonna rebound on monday

Posted by limchimleong > 2013-11-08 17:22 | Report Abuse

ha ha,please wait for me ,I want to buy some more!

Posted by limchimleong > 2013-11-08 17:28 | Report Abuse

买他二十万股，然后躺在床上等做百万富翁，哈哈哈！

Posted by bone > 2013-11-08 18:04 | Report Abuse

miss out today's drop =( ...

Posted by limchimleong > 2013-11-08 23:15 | Report Abuse

对不起，车了一个大炮，如果有能力买下来，可能性是存在的。

Posted by bone > 2013-11-09 02:18 | Report Abuse

don't und chinese

Posted by sephiroth > 2013-11-09 10:02 | Report Abuse

noted Amprop have very high net profit margin

1Q12 Revenue RM29.553m, Net profit RM20.75 Profit margin 70.2%
2Q12 Revenue RM30.055m, Net profit RM14.225 Profit margin 47.3%
3Q12 Revenue RM27.362m, Net profit RM15.359 Profit margin 56.13%
4Q12 Revenue RM87.078m, Net profit RM46.459 Profit margin 53.35%
1Q13 Revenue RM32.535m, Net profit RM11.231 Profit margin 34.5%

Posted by iafx > 2013-11-10 17:06 | Report Abuse

do a quick research on London central property market where amprop operate in, see the 1~3 years property price/rental trend for yourself. EU economy is now fully in steady mode and doesn't have tapering issue.

yr $ yr choice!

Posted by bone > 2013-11-11 15:13 | Report Abuse

Losing steam as alwayss

Posted by iafx > 2013-11-11 15:14 | Report Abuse

indeed perform badly... sigh!

Posted by sephiroth > 2013-11-11 16:37 | Report Abuse

yes down some more, i collect much more below 80

Posted by Eng Jt > 2013-11-11 16:50 | Report Abuse

pushing down ... scary

Posted by limchimleong > 2013-11-11 22:46 | Report Abuse

mr.sephiroth,please!,i bought 0.84 today.

Posted by jenabchen123 > 2013-11-11 23:55 | Report Abuse

Only 33 lots queuing buy??

Posted by sephiroth > 2013-11-12 19:46 | Report Abuse

started rebounding as next mon is the dateline to accept gamuda's RM250m offer

Posted by Eng Jt > 2013-11-13 20:30 | Report Abuse

i think they wont sell to gamuda so cheap... so no effect to share price

Posted by limchimleong > 2013-11-13 22:20 | Report Abuse

nothing can be predicted,share prices going up is definite.

Posted by DLuckyGuy > 2013-11-13 22:28 | Report Abuse

How do you know the price will move up - definite?

Posted by limchimleong > 2013-11-13 22:49 | Report Abuse

PE.5.43, NAPS 1.30.

Posted by Ooi Teik Bee > 2013-11-13 22:50 |

Post removed.Why?

Posted by DLuckyGuy > 2013-11-13 22:54 | Report Abuse

What is the meaning of the number? How do you determine it's a good number? I don't understand and new to this field. Thank you.

Posted by limchimleong > 2013-11-13 23:13 | Report Abuse

When we buy a stock ,p.e. ratio and net value per share are something important to consider.

Posted by sephiroth > 2013-11-14 15:35 | Report Abuse

waking up but no vol

Posted by sephiroth > 2013-11-14 15:36 | Report Abuse

gamuda need to revise offer coz big govt funds (pnb) involved

Posted by sephiroth > 2013-11-14 16:23 | Report Abuse

0.845 now, tomorrow super GREEN with volume

Posted by sephiroth > 2013-11-14 16:27 | Report Abuse

so predictable, always up last minute right be4 the monday offer or revise offer from gamuda

Posted by iafx > 2013-11-14 16:33 | Report Abuse

this counter will push your patient to the limit, as usual :D :D :D

Posted by sephiroth > 2013-11-14 16:44 | Report Abuse

very weird share price movement

bounce from 0.85 to 0.835 to 0.855 with very little volume change

Posted by iafx > 2013-11-14 16:46 | Report Abuse

bcos lot size is small

Posted by sephiroth > 2013-11-14 16:56 | Report Abuse

this is exactly how FLBHD behave when bouncing from 0.93 to 0.90 to 0.95 then speed to 1.16, amprop will follow soon

Posted by limchimleong > 2013-11-14 17:19 | Report Abuse

Sephiroth, thank you for your good wishes! Imagine the net value per share is 1.30.

Posted by limchimleong > 2013-11-14 17:34 | Report Abuse

Please consider when profit taking, I believe amcorp is a golden goose.