Posted by ppginvest > 2014-01-03 18:51 | Report Abuse

Mother is 1.35 but WC not breaking through 0.40 yet, wish next week the show begins, else anyone has any idea when it begins? :)

Posted by sephiroth > 2014-01-06 09:18 | Report Abuse

2 sen gain is just tip of the iceberg

Posted by sephiroth > 2014-01-06 11:20 | Report Abuse

0.43 loh

Posted by ppginvest > 2014-01-06 12:54 | Report Abuse

great to see the happening now, more happier to see 0.45-0.50 by this week, hehe.

Posted by Avocado_C > 2014-01-06 15:41 | Report Abuse

According to the Edge Warrants Update, PJDev-WC could fetch 50.23 sen if the mother share appreciates to 1.404, provided the market continues to accord 7% premium.

Posted by sephiroth > 2014-01-06 16:12 | Report Abuse

avocado, now premium seems to be hovering around 3.5-4%

Posted by sephiroth > 2014-01-06 17:05 | Report Abuse

good closing 0.43, premium extremely low at 3.6%, will catch up 2molo

Posted by Avocado_C > 2014-01-06 17:07 | Report Abuse

The Edge's computation of 7% was based on 31/12/2013 closing price : Mother = 1.27, WC = RM0.36. I didn't check the historical premium %, but I think should be around 4% - 10% (will verify when I have time).

Posted by Avocado_C > 2014-01-06 17:14 | Report Abuse

Sephiroth, managed to do a quick calculation. premium suddenly dropped to 3-4% starting 2014. Average premium for past 18 days was 7.91%.

Date Premium (%)
3/1/2014 3.70%
2/1/2014 4.07%
31/12/2013 7.09%
30/12/2013 8.40%
27/12/2013 9.35%
26/12/2013 8.94%
24/12/2013 8.13%
23/12/2013 8.13%
20/12/2013 8.54%
19/12/2013 8.13%
18/12/2013 9.02%
17/12/2013 7.72%
16/12/2013 7.72%
13/12/2013 9.02%
12/12/2013 8.13%
11/12/2013 9.50%
10/12/2013 8.20%
9/12/2013 8.61%
Average 7.91%

Posted by sephiroth > 2014-01-06 18:36 | Report Abuse

the premium of 3.6% is totally not logical, will readjust to 8-10% in the near future

Posted by lry01 > 2014-01-06 21:23 | Report Abuse

Good reasons to buy PJDEV wc :

1. Let's us look at the property divisions. Upcoming You project in Cheras ( commercial & residential) as well as You One in USJ. These are going to contribute positively to coming financial result. Not to forget current handful projects: in Penang ( Woodsbury Suites, Wellesley Residences) , Johor ( Taman Putri Kulai), Selangor ( You vista tower, You One, D' majestic) etc. Not to forget about the property leasing under PJDEV!

2. As for olympic cable division. It has been manufacturing Power Utility cables since 1968, and subsequently acquired by PJDEV in 1990. Since then had been contribute significantly to PJDEV!

3. Not to forget the hotel Division. Since 2014 is the Visit Malaysia Year, Swiss Garden arm of PJDEV is going to grow from the tourism! Among them, Swiss Garden, Swiss Inn, Swiss Villa, pangkor, Gurney Resort Hotel, Northam Hotel, penang...And the DAMAI Laut!

4. Other thing worth mention is the ACOTEC wall Panel, one of the division in PJDEV. This are contributing positively to the business especially their GREEN product! I forsee it is going to have great future as eco friendly concept is blooming!

5. Rumors of merger between PJDEV and OSKPROP... Rumors still are rumors..But, the fact is that the NTA of PJDEV stand at RM 2.12. Either merger or privatisation, the price of stock offer will be around RM 2.12. ( Conversion price of PJDEV is RM 1) . This means the warrant price has the potential to be RM 1.12 ( almost 200% from current RM 0.43)

http://182winpower.blogspot.com/2014/01/pjdev-wc-it-is-time-to-shine.html

Posted by coolio > 2014-01-07 09:31 | Report Abuse

I'm in, believe have potential to surge!

Posted by messi > 2014-01-07 09:34 | Report Abuse

thanks for the shout, will consider.

Posted by ppginvest > 2014-01-07 16:13 | Report Abuse

today can stay above 0.430? as of now 0.425 (4:13pm)

Posted by Aheng > 2014-01-07 16:38 | Report Abuse

As I posted on 23/10/2013 11:04, I sold the mother shares and bought the warrants instead. The return for WC is 31% on paper compared to mother shares of 24%. My best record was IJM-WB, where I bought @ 0.43 and sold @ RM4.35! Can PJDEV-WC do the same wonder?

Posted by susuan > 2014-01-07 23:34 | Report Abuse

Wow, Aheng, you made plenty $$$$$$

Posted by Aheng > 2014-01-08 09:45 | Report Abuse

susuan, I did not make a lot because I also made several mistakes by investing in companies such as Asiaep, which I have to write them off

Posted by sephiroth > 2014-01-08 10:42 | Report Abuse

premium is catching up

Posted by Ethan Lee Soo Kin > 2014-01-08 12:38 | Report Abuse

Got momentum. Target 50 cents this month

Posted by Tommylim > 2014-01-10 10:14 | Report Abuse

I will sell all at 50 cents as mentioned by friend Sephiroth. Thank you.

Posted by sephiroth > 2014-01-10 10:15 | Report Abuse

tommy, 50 sen can be easily breached in few days if mother share hit 1.45

Posted by Tommylim > 2014-01-10 10:18 | Report Abuse

Sephiroth, I made a mistake. I bought the mother share not warrant. I was a confuse with my portfolio. Thank you.

Posted by JXRepcoBuffet > 2014-01-10 10:19 | Report Abuse

yahoooo~~~~~~~~~~~~~~~~

Posted by sephiroth > 2014-01-10 10:22 | Report Abuse

tommy, u will make at least 300% more if buy warrants due to the power of leverage
now the 'not so bright' market is only catching up with the premium

Posted by Aheng > 2014-01-10 10:55 | Report Abuse

Not too late to switch. Perhaps switch partially, in my opinion.

Posted by Aheng > 2014-01-10 15:03 | Report Abuse

Those who want to leave @0.50 can get ready....

Posted by sephiroth > 2014-01-10 17:01 | Report Abuse

good closing 0.485, premium still low at 6.8%, should be above 10%

Posted by Lollipot Anison > 2014-01-10 17:09 | Report Abuse

I queue at 0.42 days ago but can't get. now already 0.48 = =

Posted by lry01 > 2014-01-10 19:39 | Report Abuse

more reasons to for PJDEV Wc to Double!

http://182winpower.blogspot.com/2014/01/do-you-want-50-gain-in-less-than-1.html

Highlights:
6. EFFECTS OF THE PROPOSED ACQUISITION

6.1 Share Capital and Substantial Shareholders’ shareholding

The Proposed Disposal does not have any impact on the issued and
paid-up share capital, the substantial shareholders’ shareholding and
shareholding structure of PJDH.

6.2 Net Assets (“NA”), NA per share and Gearing

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.

6.3 Earnings and Earnings Per share (“EPS”)

The Proposed Disposal is expected to realise a net gain of
approximately RM101.0 million representing earning per share of
approximately RM0.22 per share.

Posted by Ethan Lee Soo Kin > 2014-01-11 08:29 | Report Abuse

RSI over 85. Can hit 50 cents. But may be pull back after

Posted by Firebird2 > 2014-01-11 09:32 | Report Abuse

If the mother produce a set of good results in Feb Q report, PJDev price will go higher and Wc may go higher than 50c, hope it will

Posted by sephiroth > 2014-01-11 09:47 | Report Abuse

the not-so-bright market have underestimated the 0.22 sen NAV boost to 2.39(2.17+0.22), now the mother share (1.41) is trading at a substantial 59% discount to NAV PLUS most of the landbank have not been revalued for years. 50 sen will be easily taken out by Mon or Wed. it's till not excessive to value pjd-wc at 1.00

Posted by tonylim > 2014-01-11 10:18 | Report Abuse

£

Posted by JXRepcoBuffet > 2014-01-13 09:40 | Report Abuse

50 sen!!!!

Posted by sephiroth > 2014-01-13 09:52 | Report Abuse

if mother can break 1.41, then will fly, son will turbo boost

Posted by Ethan Lee Soo Kin > 2014-01-13 22:39 | Report Abuse

Buy..target mother RM1.50 & WC RM0.60 end of January

Posted by sephiroth > 2014-01-15 11:13 | Report Abuse

add more at 0.475

Posted by sephiroth > 2014-01-15 11:36 | Report Abuse

1.5 sen contra gain ady

Posted by sephiroth > 2014-01-15 11:49 | Report Abuse

HUAT ARRRRRR!!!!!

Posted by JXRepcoBuffet > 2014-01-15 11:51 | Report Abuse

how come drop then come back suddenly?

Posted by sephiroth > 2014-01-15 11:53 | Report Abuse

mother share suddenly turn green and break strong resistance 1.41

Posted by JXRepcoBuffet > 2014-01-15 11:55 | Report Abuse

what happen to mother share? anymore news?

Posted by sephiroth > 2014-01-15 11:58 | Report Abuse

the building sale net 101m (+0.22 nav) in profit, the mkt is damn slow to react

Posted by sephiroth > 2014-01-15 12:15 | Report Abuse

huat arrr 0.525

Posted by Ethan Lee Soo Kin > 2014-01-15 13:06 | Report Abuse

Hope to pull back to 50 cents, then i can collect more. Haha !!!

Posted by Avocado_C > 2014-01-15 13:08 | Report Abuse

Good on you Seph, I wanted to add position when saw dropping to 47.5, unfortunately called by my boss and dragged into a long meeting, when out, already 52.5.

Posted by sephiroth > 2014-01-15 14:38 | Report Abuse

avocado, i would say the market is completely clueless and does not understand anything about this Wc which expire in dec 2020. The TIME VALUE of this warrant is TREMENDOUS. At 0.52 and exercise price 1.00, do u see pjd mother share trading at 1.52 in dec 2020???? Single digit percentage premium???? the longer the life of the warrant, the higher the premium, premium should be 15-20% minimum
symlife-wb which expire in nov 2020 is trading at a MASSIVE 38.3% premium

Posted by Ethan Lee Soo Kin > 2014-01-15 21:10 | Report Abuse

Yes. After sell on 52 cents. Buy back again 50 cents. $$$$$$$

Posted by G4M3RZ > 2014-01-15 21:55 | Report Abuse

Hi, can i ask something? I'm new to this warrant thing...

Is it normal to pay above the current market price for a stock when exercising its warrant? Because based on PJDEV share price (RM1.40) and its warrant price (RM0.50), wouldn't investor have to pay an extra ≈7% when exercise it?

Is it common for both a share price and a warrant price to move in parallel? If PJDEV share gains RM0.30 per share from RM1.40, to close at RM1.70, will the warrant also gains RM0.30 and close from RM0.50 to RM0.80?

Posted by JXRepcoBuffet > 2014-01-15 22:40 | Report Abuse

Definitely warrant will move if mother move.....2020 only expired.....unless you are telling me by 2020 is still RM1.50.... but no one knows.....