A hen which laid golden egg. OCC Cable Bhd. A wholly -owned subsidiary of PJD. (2010, turnover 121.813m PBT 16.388m), (2011 turnover 158,160m PBT25,054m), (2012 turnover 190,481m PBT 22,228m),(2013 turnover 213,147m PBT 23,176m)proposed listing at the end of yr 2009, After approved from MITT and SC, the board decided not to proceed n the approval was lapse in Aug 2010. This OCB's performance is much better than many of the listed company. It might one day proposed for listing n rewards all the share holders.
Under the SPA, the Purchaser is required to pay a deposit of RM22.0 million in the following manner:-
(i) RM4.4 million to be paid upon signing of the SPA; and
(ii) balance deposit of RM17.6 million to be paid on the date of the SPA being unconditional in accordance to the SPA.
(c) The balance of the purchase price RM198.0 million shall be paid by the Purchaser to the Vendor’s Solicitors within FOUR MONTHS from the date of the SPA being unconditional in accordance to the SPA.
Based on the audited consolidated statement of financial position of the PJDH group as at 30th June 2013, net assets per share of the group will increase by approximately RM0.22 per share as a result of the net gain arising from the Proposed Disposal of approximately RM101.0 million.
In addition, the gearing of PJDH Group will also reduce as the proceeds to be received from the Proposed Disposal will be partially utilised towards the repayment of bank borrowings.
Estimated time frame for completion (a) The Proposed Disposal is expected to be completed within 4 MONTHS from date of the SPA or such period as may be mutually extended by the said parties.
(b) Barring unforeseen circumstances, the Proposed Disposal is expected to be completed by the second half of the calendar year 2014.
Based on the audited consolidated statement of financial position of the PJDH Group as at 30 June 2013, net assets per share of the Group will increase by approximately RM0.12 per share as a result of the post tax net gain arising from the Proposed Disposal of RM52.7 million.
In addition, the gearing of the PJDH Group will also reduce as the proceeds received from the Proposed Disposal will be partially utilised towards the repayment of bank borrowings.
OTB,icon888,sephiroth and leeyh. You guys provide a fair and insightful comments through out the forum and I love that as I do not hope people come in and ask for TP only. All of you are great from different perspective (FA+TA). To tell you the truth, I am digging out you guys postings one by one to learn from you guys.
To leeyh,although you seems not very active in giving comments,but from the brief analysis your posted in the forum,I observe that you are deep in analysis. Great work. Maybe you can follow Icon888 path in coming with your own blog.I believe it will further benefits the forumers.
Icon8888,you are great too. GOB,HLI,Lonbisc. Appreciate your efforts
Oskprop-wa can also be an alternative to Pjdev-wc too as they have higher gearing despite they have shorter warrant life compare to Pjdev but the return should be in line if really privatization takes place as I belive Oskprop will have more 主导性地位
Thanks Icon8888,eager to see that. If there is a time you can also too have a look over L&G as they are also another strong growth stocks over the next (2 years) as their earnings visibility are stronger than Pjdev as although they have lower unbillied sales of RM 650-700m compared to Pjdev of RM 8++m pluss but Pjdev margin is not that good compare to L&G although they have consistent profit coming from leisure and cable business.
just look at SBC Corp...it is moving big time to 2.33 from 1.38, Pjdev is still stagnant even though posted sterling qtr result...WHAT IS DAMN WRONG here???
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2014-02-28 16:14 | Report Abuse
6 months