aiya, that's sure lah! company make money who the one earn 1st? surely the main share holder director in charge, they eat drum stick meat while we aka the small investor eat the bones....
pleasant surprise to receive a cheque with dividend payout of 4sen a share...a lot better than CENSOF!!! hoping for better things in the future with PJD. I bought this counter for the long-term. I have confidence that things will turn out for the better, eventually. Patience.
Posted by rikki > May 13, 2015 12:05 AM | Report Abuse
Am i right to say that the plans have been approved by SC but the proposed voluntary take-over offer may or may not succeed bcoz it depends on the rate of acceptance ???
Posted by rikki > May 13, 2015 12:12 AM | Report Abuse
Sorry, OSK Prop is proposed mandatory take-over offer but PJD is proposed voluntary take-over offer
Posted by kai8994 > May 13, 2015 12:20 AM | Report Abuse
rikki you are right, shareholders of PJD and OSKProp still need to decide whether to accept or not.
Currently, a company that is subject to a take-over offer is required to appoint an independent adviser to provide comments, opinions, information and recommendation on the take-over offer in an independent advice circular. The independent advice circular is subject to the SC’s review and has to be cleared by the SC before it can be issued and despatched to the offeree shareholders.
The take over rule not applicable here? Where is the independent advice circular?
Posted by Ooi Teik Bee > May 13, 2015 12:36 AM | Report Abuse X
For PJDev shareholders, please reject the offer.
PJDev will continue to be listed on Bursa. The share price will return back to its intrinsic value.
HOW COME THE VOLUNTARY OFFER PRICE FOR PJDEV IS 1.56 INSTEAD OF 1.60...I THOUGHT LAST THEY PROMISE TO OFFER 1.60 FOR PJDEV SHAREHOLDERS...ARE THEY TRYING TO CHEAT US AGAIN HAHHH?????
Example: I got 5000 share of PJD, right now OSK is offering RM 1.56 of 5 share to exchange with the new share of OSK Holding of RM 1.95 for 4 share.
Based on current price of OSK Holding (~RM2.2) then if the deal sucessfully approved by all the shareholder then PJD holder is enjoying the deal by exchanging the OSK price at RM2.2.
Moreover: May have free warrant of every 4 OSK share and special dividend of what I heard is 15 cents per share.
The future of new merging OSK Holding is very bright!!! Based on blog below:
dalpinia, free warrant and special div are for existing shareholders only. besides new shares are issued for the takeover, there should be price adjustment post merger, no instant gain I guess.
Posted by nemesis > 13/05/2015 11:40 HOW COME THE VOLUNTARY OFFER PRICE FOR PJDEV IS 1.56 INSTEAD OF 1.60...I THOUGHT LAST THEY PROMISE TO OFFER 1.60 FOR PJDEV SHAREHOLDERS...ARE THEY TRYING TO CHEAT US AGAIN HAHHH?????
---- The offer price is adjusted after distributing the dividend of 4cents
what!!! How can they deduct fm the 4 cents dividend paid??? What nonsense is this? Dividend is paid out fm the earnings it has nothing to do with the take over exercise...Tis whole things is a lie and conspiracy...WTF!
This is OLH Style, not Gangnam Style. Dividend paid but deduct from the offer price. Like give bonus but deduct from your salary. Press until no more juice coming out.
I will never buy OLH counter again no matter what...OLH is a very selfish person only want al the benefits and fortune for himself only for minority shareholders like us he will only kick u out....
no worries loh, when quarterly report out ,easily break 1.56, unlike oskprop, there's free float of 308,951,543 PJ Development Shares not already owned by OSK Holdings after the Proposed PJ Development Acquisition
Deduct 4 cent from the RM1.60 offer price is unfair as the NTA also grow up from RM2.54 to RM2.64. It seem like all is only OLH yang Cakap....PJDEV major share holder just keep quiet.
tat cheapskate OLH also wanna swallow our dividend...So he declared 4 cts dividend for himself and his gang only...Minority shareholders have to pay back d 4 cts dividend to him...I have never seen anything like tis b4, dividend once given and received have to take back....Mr Ooi, could you pls explain to us why the offer price is 1.56 instead of 1.60 as stated previously...What is wrong here??? Is it legal practice to deduct d 4 cts dividend from the initial 1.60 voluntary offer price? Does it mean tat by end of tis year when they declare another final dividend 4 cts, then the offer price will be readjust lower to 1.52 after deduction of the final 4 cts dividend??? PLSSSS voice out!
PLSSSSSSS ALL OF US REJECT TIS OFFER....TELL ALL OUR FRIENDS AND ALL SHAREHOLDERS TO REJECT TIS STUPID VOLUNTARY TAKE OVER...PLS PASS THE WORDS AROUND AND ADVERTISE IT ASK ALL OF THEM TO REJECT TIS OFFER SO TAT OLH MERGER PLAN WILL FAIL...ALL OF US MUST STAND TOGETHER TO REJECT TIS UNFAIR DEAL!!!
I will reject the offer, OSK need to issues share to take PJDEV and OSKP. The EPS will dilute. RM3.00/RM4.00 it just base on what fact ? ...if u buy PJDEV now, u also can have 2 option, rejected the offer and if they not able to take over PJDEV, the price will go back. else U also can have cheaper way 1.56x5(PJDEV)=1.95x4(OSK) to enter OSK counter..
ImCK, If this is true, it mean OSK only owned certain portion 30% of the PJDEV. How the OSK EPS increase and Target price value is RM4.00 like you mention ? Good, I hope OSK wont able to takeover PJDEV. :)
Dont selll....hold it tight tight.....it was olh strategy....in fact he knew the take over will not sucessful.....his aim is to press down the share price of pjd then he can buy it cheaply over the months......we must not sell n possible buy it more if possible.....then pjd will back above rm2.5 at least.....
Buy now at rm1.5, 6-9 months later we will enjoy the fruits.......buy more now at rm1.51....we guaratee will not lost at all if really olh sucessful take over we still can earn 5 cents per share.......sure win game.....buy now!!!!
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CrossSymbol : High FIVE ! deep value stock