Posted by Lim Elson > 2014-07-22 15:15 | Report Abuse

ho said liao,,,

Posted by Icon8888 > 2014-07-22 20:16 | Report Abuse

106

Posted by Winner88888 > 2014-07-22 22:24 | Report Abuse

No one listening to you lah...avg Up king....kakkaak

Posted by Winner88888 > 2014-07-22 22:41 |

Post removed.Why?

Posted by Sohai > 2014-07-23 03:14 | Report Abuse

Big fish !!!!!

Posted by kancs3118 > 2014-07-23 08:41 | Report Abuse

@ icon8888, thanks mate for your advice all this while. Now, i break even liaw...

Posted by Govin Chuah > 2014-07-23 10:41 | Report Abuse

high selling pressure

Posted by Govin Chuah > 2014-07-23 11:45 | Report Abuse

consider below rm1

Posted by speakup > 2014-07-23 11:47 | Report Abuse

high gearing property developer likely to be affected by bank negara's recent interest rate hike

Posted by Pitochu > 2014-07-23 16:18 | Report Abuse

Hehehe...and the winner goes to ......

Posted by Pika Chan > 2014-07-24 01:02 | Report Abuse

speakup , hence the right issue is going to be implented ... this counter is just similar to SBCCORP when I bought before right issue ...

GOvin Chuah, If you can buy below Rm 1, I cut lost and sell to you.

Posted by gohcheehoh > 2014-07-24 01:30 | Report Abuse

GOB rev n profit had handsome grow with excellent development in Penang. Let analyze d company p/l n future development n make yr smart decision before too late.

Posted by Андрей Андроников > 2014-07-24 06:04 | Report Abuse

our point of entry is 1.10

Posted by speakup > 2014-07-24 07:45 | Report Abuse

then better buy after the rights issue?

Posted by ilovedivdend > 2014-07-24 12:00 | Report Abuse

errrrr

Posted by kancs3118 > 2014-07-24 17:53 | Report Abuse

for this past whole week, GOB has been closing above RM1.04.

Posted by Pika Chan > 2014-07-24 18:07 | Report Abuse

speakup, if you want people to subscribe right issue, and the company lets say , want to raise rights at RM 1.00 / share , do you think people will buy when market is trading at RM 1.04 ?
If I am director, of course push up to RM 1.30 , and the RM 1.00 will look cheap .

Posted by KAQ4468 > 2014-07-25 07:54 | Report Abuse

Aiyaaaa....still 1 ringgit ka...bila mau 1.2 ka, 1.3 ka... After 6 weeks I sold this counter, still not move... Wakakaka buang masa lorrrr...mau hold till next year ka?? Lai lai I mau kasi free advise, sell your GOB and change your portfolio to Pasdec...u will earn more profit & u will smile next month... Pasdec 2nd wave will fly high ...

Posted by Андрей Андроников > 2014-07-30 15:39 | Report Abuse

poe 1.10

Posted by KAQ4468 > 2014-07-30 17:42 | Report Abuse

Poe mano jang? Poe 1.10 ? Hehehe... Baik poe kat Pasdec...80 sen lagi tu...hehehe nanti hujung bulan depan dah sama price nye ngan GOB....

Posted by Pitochu > 2014-07-30 17:43 | Report Abuse

Kaka kakaka 1cent a day

Posted by gohcheehoh > 2014-07-31 01:24 | Report Abuse

Another Gd property counter waiting to pump up. Stays tune. Low PE n high grow potential.

Posted by Icon8888 > 2014-07-31 09:30 | Report Abuse

114

Posted by davors > 2014-07-31 09:30 | Report Abuse

coming today~!

Posted by Sohai > 2014-07-31 09:37 | Report Abuse

Yes all in.....gogogo!!!!!!!

Posted by kancs3118 > 2014-07-31 09:54 | Report Abuse

i foresee investment banks gonna write up on this counter...just to shore up the price...in preparation for an imminent rights issue.

Remember last time during Apr'14 when TheEdge wrote an article on GOB about Batu Kawan? The price went up the roof. Then, it fell sharply and consolidated for a few months at about RM1.00 and slowly edge up to RM1.04 ...right until now.

Posted by Icon8888 > 2014-07-31 09:56 | Report Abuse

I think the price goes up has something to do with court approval for par value cancellation

They can then proceed with the rights

Posted by baiyuensheng > 2014-07-31 09:59 | Report Abuse

there is no dividend history for this counter....why investor still want it?

Posted by kancs3118 > 2014-07-31 10:03 | Report Abuse

@ baiyuensheng; if not mistaken, the no dividend history is attributabe to the previous management under Equine Capital. I may be wrong...but if you look at the nearest proxy that is Malton - Malton declares dividend yearly - albeit not much

Posted by Icon8888 > 2014-07-31 10:03 | Report Abuse

This company is growth play, not dividend

Posted by speakup > 2014-07-31 10:04 | Report Abuse

whats the Rights Issue about?

Posted by kancs3118 > 2014-07-31 10:14 | Report Abuse

@ icon8888, well said. But then, the great Tambun INdah is still able to grow year on year and pay out RM0.06 dividend per annum...and now, they have the largest landbank in mainland Penang which is quite near to their flagship project Pearl City - and bought cheaper than other developers.

Posted by Pika Chan > 2014-07-31 12:43 | Report Abuse

baiyuensheng there is no dividend history for this counter....why investor still want it?

Usually, dividend is not announce in property sector .. even there is, the dividend is very low....
This GOB I foresee will be my old lover SBCCORP

Posted by Pika Chan > 2014-07-31 12:44 | Report Abuse

If you want dividend, go find those consumer counter like OLDTOWN, PWROOT etc.

Posted by nicholes > 2014-07-31 14:28 | Report Abuse

expected next quarter eps 5.

Posted by Icon8888 > 2014-07-31 17:59 | Report Abuse

Circular is out. EGM on 27 August

Posted by gnat > 2014-07-31 21:14 | Report Abuse

Be afraid when others are greedy. Be greedy when others are afraid.

Posted by chkee17 > 2014-07-31 22:12 | Report Abuse

this company 350 acres landbank at batu kawan PG. it worth 3 times more than it current market cap.

Posted by gohcheehoh > 2014-07-31 23:39 | Report Abuse

Wow. What a Gd volume. With d attractive PE, grow potential, pg land bank ..... Never had doubt GOB to exceed rm 1.5 in this year n have potential of stretching rm 1.8 to rm 2

Posted by Gokula Krishnan > 2014-07-31 23:46 | Report Abuse

Nav 1.28 based annual report published today. Pe is low

Posted by chkee17 > 2014-07-31 23:47 | Report Abuse

rm 1.5 is just matter of time only.

Posted by kancs3118 > 2014-08-01 09:06 | Report Abuse

@ chkee17, about the land at Batu Kawan. GOB's greatest competitor is Tambun Indah. Despite Tambun Indah's Pearl City which is about 20 minutes drive away from Batu Kawan, their landbank is freehold. Penangites love freehold whilst GOB's land is leasehold with 80 years left (instead of 99 years) to expiry.

The whole land at Batu Kawan now is undeveloped - just a barren piece of land. From what the GOB salesman told me, GOB's master plan for Batu Kawan had been submitted and approved. If you visit GOB's sales office at Batu Kawan, there is a model for the whole development. They can start building right away. Hence, it may take a few years (at least) to see the earnings from Batu Kawan to be gradually incorporated into GOB's EPS.

Right now, i think we can all depend on DaMein. Hopefully, DaMein's earnings have not yet been reflected in their books.

Posted by james70 > 2014-08-01 10:41 | Report Abuse

If we look at the 2014 annual report, their focus right now is to finish DaMen(44% completed), Galleria(12% completed) and Springville Residence(21% completed). These 3 projects with a GDV of RM1.54B and Gross Development Cost of RM1.285B are in the initial to mid stages and will complete by 2015 save for the Galleria. My thoughts on the delay of the Batu Kawan project launch is so that they can conserve their limited capital and wait for further land bank price to appreciate. Once the groundbreaking ceremony for IKEA commences, GOB will channel their focus here.

Posted by james70 > 2014-08-01 11:14 | Report Abuse

What is interesting in the circular are these paragraphs below:

Basis and justification of determining the issue price of the Rights Shares and exercise price of the Warrants The issue price of the Rights Shares and the exercise price of the Warrants shall be determined by the Board at a later date after all required approvals for the Proposals have been obtained and upon completion of the Proposed Par Value Reduction but prior to the Entitlement Date, after taking into consideration, amongst others, the following:-

(a) the TEAP of GOB Shares based on the five (5)-day VWAP of GOB Shares immediately preceding the price-fixing date;
(b) an appropriate discount to the TEAP of GOB Shares (based on the five (5)-day VWAP of GOB Shares immediately preceding the price fixing date) of not less than 20% and up to 50%;
(c) the new par value of GOB Shares after the Proposed Par Value Reduction of RM0.50 each;
(d) the prevailing share price of GOB Shares and market conditions on the price-fixing date; and
(e) the current and future prospects of the GOB Group.

The range of discount as disclosed in Section 2.3.1(b) above has been determined after taking into consideration, amongst others, the prevailing level of market price of Existing Shares and the basis of pricing of selected precedent rights issue with free warrants exercises for the past one (1) year up to LPD, which the Board deems appropriate and sufficiently attractive to entice the Entitled Shareholders to subscribe for the Rights Shares.

In determining the appropriate discount for the exercise price of the Warrants, the Board would also take cognizance of the fair value of such Warrants which are sufficiently attractive as an incentive to the Entitled Shareholders. For illustrative purposes, the indicative issue price of the Rights Shares and indicative exercise price of the Warrants is assumed at RM0.50 each
respectively, representing a discount of approximately 29.75% to the TEAP of Existing Shares of RM0.7117, calculated based on the five (5)-day VWAP of Existing Shares up to and including LPD of RM1.0293
-----------------------------------------------------------------------------------------------------------------------------------
If the rights and exercise prices are set at RM0.50, then the subscribers are looking at a huge windfall from the free warrants as they could be valued at RM0.39/warrant using the Trinomial pricing model sourced from Bloomberg.

Posted by chkee17 > 2014-08-01 11:22 | Report Abuse

indeed. @kansc3118. but it still cant underestimate the huge potential at batu kawan.

Posted by kancs3118 > 2014-08-01 11:28 | Report Abuse

@ James70, you maybe right about Batu Kawan. GOB is about to launch the Callisia Phase 2 the semi-detached houses which are in front of the theme park during the 2nd half of 2014. Maybe both GOB and Malton will move into Batu Kawan full swing after the ground breaking by IKEA.

Just a few questions:
By the way, what are the chances the state government will change the status of the leasehold land to freehold land at Batu Kawan?

Also, if DaMein is about 44% completed, where can we see DaMein's earning contributions in the annual reports? I can't find it...

Posted by james70 > 2014-08-01 11:32 | Report Abuse

I think there is a conversion cost to change the land status from lease hold to free hold and it very much depends if GOB and PDC can strike an agreement.

See page 21 of the circular under section 4.5 Prospects of the GOB Group.

Posted by baiyuensheng > 2014-08-01 11:36 | Report Abuse

no dividend....sigh

Posted by kancs3118 > 2014-08-01 15:04 | Report Abuse

@ baiyuensheng - you can try my old flame - TamBun INdah - dividend at RM0.06 per share.

Posted by freeman975 > 2014-08-02 09:53 | Report Abuse

hi guys, regarding right issue, is it mean for every 2 ordinary share we owned can purchase 2 rights shares and free 1 share warrant? if i have 41000 units of GOB shares, i can purchase 41000 new rights share and free 20500 units of new warrant? pls correct me if i'm get it wrong. thx!