Posted by Saturn101 > 2014-02-26 15:04 | Report Abuse

James, either that or value up upon bridge opening.....my guess is latter....

Posted by Saturn101 > 2014-02-26 22:35 | Report Abuse

U r cordially invited for the PSB party


http://www.bernama.com/bernama/v7/newsindex.php?id=1017380

Posted by Saturn101 > 2014-02-26 22:37 | Report Abuse

I will be there.......

Posted by invester > 2014-02-26 23:48 | Report Abuse

GOB need more funds to develop the lands at Batu Kawan. So, asking for more money is reasonable for pay the debt and develop the lands. A lot of company is doing that. I don't think of anything reason why we need to be careful with this company.

Posted by Hopeman > 2014-02-27 00:19 | Report Abuse

Hi invester good finally you almost share same idea as us, as smart listing management when they foresee for future need ,normally they will call for right from public instead loan from bank ,well company like QL lately despite their result so good they also call for right , even genting Singapore last few years also call for right please don't tell us we must becareful this type of company too ,we really can't understand what wrong of right issue?

Posted by jtpc2006 > 2014-02-27 13:26 | Report Abuse

GOB's proposals are rational and benefits the company and shareholders. Great value in the shares.

Posted by matrix6050 > 2014-02-27 13:30 | Report Abuse

At least to me, the management now are different as compare to the previous company. Some of them came from Malton and Datuk Desmond Lim is also one of the share holder to GOB. I believe they will take the proper step on this and fully utilize the money later for development.

Posted by Saturn101 > 2014-02-27 13:32 | Report Abuse

We will know once they announce the rights price and strategy .....we will know if they know how to play......

Posted by james70 > 2014-02-27 17:48 | Report Abuse

Many companies that are doing well raise rights issues to fund their objectives and expansion programs. Mah Sing did it in July 2013 and so did Sunway in April2013. When Sunway announced the cash call at RM1.70, it was at a huge discount to the last traded price of RM3.16.

If you were to read RHB's write up on GOB, you will understand why they need the cash and what it will be used for.

Posted by Saturn101 > 2014-02-27 18:22 | Report Abuse

All rights are used for a purpose.......EXPANDING!

Posted by Saturn101 > 2014-02-27 18:22 | Report Abuse

This one to reduce gearing which is also a growth

Posted by james70 > 2014-02-28 17:31 | Report Abuse

some people just don't get it. companies can't raise rights below the par value. trading below rm1 par value, they could not raise a rights above it. no one would pay a premium. that's why there is the par value reduction to 50c. the reduction in par value in no way went to offset any accumulated losses.

Posted by james70 > 2014-03-01 06:45 | Report Abuse

i see mr scaremonger with a hidden agenda has deleted all his posts.

Posted by Zenwan > 2014-03-01 14:56 | Report Abuse

Open today the bridge. No more delay

Posted by Saturn888 > 2014-03-01 23:41 | Report Abuse

Fantastic opening.....so many ppl

Posted by chatterbox > 2014-03-01 23:46 | Report Abuse

Only if the price open fantastic on Monday, otherwise tak guna larr

Posted by chatterbox > 2014-03-01 23:48 | Report Abuse

ever since hit hi 0.85 on 21/2, it been dropping till now, What the hack opening of bridge so fantastic.

Posted by Saturn888 > 2014-03-01 23:58 | Report Abuse

Value unlocked!!!.......a lot of skeptics on opening since three delays.....it's official now....,value is there and timely.....

Posted by chatterbox > 2014-03-02 00:06 | Report Abuse

PM announced 1 month free of charge on the bridge usage. any announcement on the charges?

Posted by Saturn888 > 2014-03-02 00:09 | Report Abuse

No announcement.......tension in the air......Badawi was there......and mama was there too......Guan Eng was spectacular......

Posted by Saturn888 > 2014-03-02 00:12 | Report Abuse

There will be a rush come Monday .....now that it's all official.....

Posted by chatterbox > 2014-03-02 00:15 | Report Abuse

how u feel on GOB performance next week?

Posted by Saturn888 > 2014-03-02 00:20 | Report Abuse

The rush will be to finalize and rush the current projects.......see if this is straight away translated to the share price....
The valuation before was 25% of island Housing project price......now it will be 50% and moving up.......

Posted by Saturn888 > 2014-03-02 00:22 | Report Abuse

GOOD!......now a gob can announce the rights price with confidence.......the dependent on third party is always a problem .....esp when they have delay the bridge opening so many times and the shares also went up to 85 twice

Posted by Saturn888 > 2014-03-02 00:25 | Report Abuse

RSI is siting in the middle now.....with the two hikes up to 85 is in tandem with the sentiment of the bridge announcement delay

Posted by Saturn888 > 2014-03-03 01:15 | Report Abuse

Beautiful day.....today......

Posted by OneMillion > 2014-03-03 12:38 | Report Abuse

compared with tambun indah, gob's project mgmt skill and ability to generate +ve operating cash flow is the main concern

Posted by Saturn888 > 2014-03-04 10:02 | Report Abuse

Looks like beautiful day is over......hope all picked up some cheap sale....

Posted by chewjs > 2014-03-04 16:59 | Report Abuse

up up and away..........

Posted by james70 > 2014-03-05 14:04 | Report Abuse

SEBERANG PERAI - The double-storey link homes shaping up amid Batu Kawan’s oil palms will fetch million ringgit price tags in 10 years, property firm Henry Butcher has predicted.

Budget-conscious home buyers, unable to afford houses on the island, have steadily driven up the price of property on the mainland in recent years, in anticipation of Penang’s second bridge at Batu Kawan, which opened last week.

“New residential double storey terrace houses in Batu Kawan are now being priced at RM400,000 per unit and is set to increase steadily, to reach RM500,000 in three years’ time; and 10 years from now, a unit could cost about RM1 million,” said Fook Tone Huat, an associate director at Henry Butcher Malaysia’s Seberang Perai office.

Home prices in and around Batu Kawan are expected to skyrocket further once Swedish furniture retail giant Ikea opens a planned store there in 2020.

“If you want to buy a home in Seberang Perai, the best time is now before prices climb over the next decade due to the planned developments in Batu Kawan,” Fook told a news conference here today.

Outside of Batu Kawan, he said double-storey terrace houses on the mainland were currently priced between RM200,000 and RM500,000, compared to similar houses on the island that cost upwards of RM500,000.

As such, the total value of transaction for development land on the mainland has risen, Fook noted.

The price per square foot (psf) has also shot up; 30 acres of land in Batu Kawan was sold recently at RM50 psf, 50 acres in Bukit Tambun (at RM40 psf), 76 acres in Jawi (at RM12.80 psf), and a parcel of land in Jalan Ong Yi How in Butterworth went for a whopping RM115 psf, Fook said.

“These ventures by major developers, especially in the southern Seberang Perai, will further boost the mainland with more new developments coming up,” he said, and attributed it to the opening of the bridge linking Batu Kawan and Batu Maung, an industrial zone on the island close to the Penang International Airport.

The boom will be seen in five main areas, Fook said, listing Alma, Bukit Mertajam, Batu Kawan, Simpang Ampat and Jalan Baru in Perai.

But other areas will also enjoy the spillover effects, he added, and named Byram and Changkat in Nibong Tebal as future growth zones.

“Another future growth area to take note of will be the Royal Malaysian Air Force Base area in Teluk Ayer Tawar which is in the vicinity of where the proposed undersea tunnel is supposed to link the island to the northern side on the mainland,” he said.

Penang is planning a 7.2km long undersea tunnel as its third link to the mainland, connecting island tourist hotspot Gurney Drive and Bagan Ajam on the mainland north.

http://www.themalaymailonline.com/money/article/batu-kawan-to-be-next-millionaire-home-says-realtor

Posted by Saturn888 > 2014-03-05 19:36 | Report Abuse

Yayayayayayayaya

Posted by Saturn888 > 2014-03-05 22:14 | Report Abuse

If they succeed in courting then German investor., this will be added jobs and added valuation........I also want to work in. Penang...kekekekeke....

Opppp after my brother SaturnXXX......get jealous again.....kekekeke

Posted by Saturn888 > 2014-03-05 22:14 | Report Abuse

http://www.malaysiandigest.com/business/491681-penang-aggressively-courting-german-investors.html

Posted by Saturn888 > 2014-03-06 00:02 | Report Abuse

The value will keep going up......if one were to try to hedge palm oil, hedging property is more decisive. Only diff is CPO is global market traded......and property is local base.....

Posted by Saturnxx > 2014-03-06 00:42 | Report Abuse

Spreading your failure in stock picking I see.

Posted by Saturn888 > 2014-03-06 08:44 | Report Abuse

Kakaka......

Posted by Saturn888 > 2014-03-06 17:06 | Report Abuse

Opppps it moved.....how.arr SaturnXX???

Posted by tjhldg > 2014-03-07 02:40 | Report Abuse

1.00 ++ aeh sai bo

Posted by Saturn888 > 2014-03-07 08:43 | Report Abuse

Ah TJ , u want 1.00.....I give.......

Posted by Saturn888 > 2014-03-07 09:32 | Report Abuse

:)

Posted by chewjs > 2014-03-07 15:58 | Report Abuse

sure back 0.78.

Posted by tjhldg > 2014-03-08 01:47 | Report Abuse

kikikii ... how come u so sure will back to 0.78 ? your kaki lima fortune teller told you ?

saturn ... no 1.00 , tj wont let go ... kikikikii

Posted by Saturn888 > 2014-03-08 08:34 | Report Abuse

Pan sim lor TJ....lol

Posted by tjhldg > 2014-03-10 00:53 | Report Abuse

saturn ... pan sim simpan , simpan pan sim ...... kikikiiii

Posted by chewjs > 2014-03-12 00:21 | Report Abuse

0.78!!!

Posted by matrix6050 > 2014-03-12 18:23 | Report Abuse

I will keep too until they announce new project at batu kawan..may be next month?

Posted by Saturn > 2014-03-13 10:20 | Report Abuse

Gob buyers r waiting....need to commit further......demand is there

Posted by bursajames > 2014-03-13 11:32 | Report Abuse

buy now

Posted by Saturn > 2014-03-13 18:53 | Report Abuse

Rephrase the GOB buyers who were in the queue.....

Posted by Saturn101 > 2014-03-17 09:30 | Report Abuse

Commit!.....the signs are there