TanDavid88 Posted by wwwcomment > Jul 2, 2014 11:22 AM | Report Abuse I missed mr. Ooi's posts. Mr Ooi, are you going to post in i3 again? You email him @tbooifx@gmail.com, I think he will give you the write up on PJDev and PJDev-WC. He is very kind to help if you ask him.03/07/2014 09:07
But I am not his subscriber. Not sure he will reply me or not.
Apr-Jun is not 2nd quater, its 4th quarter, financial year end is 30 Jun, so after disposal of building = RM 101m profit + financial year end, profit should be about RM 200m + - so the mother price should be above 2.50. Wc price ? figure yourself..
Final 3 quarter profit is 75.8m 4 th quarter profit estimate about 19m-22m + 101m building disposal. There is a lot of share trading 3x above nta price. Now property market is in cooling period so does property counters, unless there is some booming news coming out otherwise... My personel opinion, trade at own risk.
Wondering when World Cup finish... Will there be lots of $$$$$$$$ flowing back to the share mkt? What will happen to the share price? Up up up!!!!!!?????!!!!!!?????
premium only 4.6%, this is how the retard market priced pjd-wc, gotta take advantage n sapu kaw kaw august result will be super spectacular, min 110-15m profit
OSK has about 9.8% shares in RHB Cap. Market rumours say that CIMB will buy RHB @ RM11 per share. If these bank merger happens, OSK will have billions of cash to push through merger OSKPROP + PJDEV
From the looks of it, it appears very likely that PJDev will be privatized. Most of these major shareholders have only 1 thing in mind which is how to maximize their gains. By taking PJDev private, he will be able to consolidate all the property businesses under one umbrella and float it again later as IOIProp did. He will be able to make money this way. He will also be able to float the cable business which is profitable.
Now what is the premium for this exercise? Your guess is as good as mine but looking at the past trends in his offer for OSKVI and OSK, the premium is < 5% of the prevailing market price. But since he only has 30% of PJDev, the likelihood of successfully taking PJDev private is rather slim. So perhaps a generous offer for the remaining 70% is about to be launched. A 20% premium to the current mother share say at RM2.10 will propel the warrants to RM1.10. So good times ahead for warrant holders.
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....
tpchuayap
855 posts
Posted by tpchuayap > 2014-07-02 08:52 | Report Abuse
Good luck