The offer price unlikely to be below the NTA of each companies. Even if it is, the share holders will be wise enough to reject it, similar to Encorp situation. So the outlook still rosy for both PJD + OSKProp
Does OLH need to make a public statement he intends to merge both property companies? Of course not because the moment he does, people will chase up the stock. He is a smart guy and knows what to do.
Was there any announcement that the CIMB-RHB-MBSB merger was off?
We will now get people coming out of the woodwork to give their useless view.
Ignore them and let's make money ! I bought this warrant with my proceeds from selling Encorp-WA
Catalyst of good Q4 result and merger btw oskprop and pjdev had been there for months already. Is the shark tat mark up the price so vigorously for last 2days. Enjoy the ride, tp 1.26 judging from last crazy bull run in Feb. But keep calm and don't chase high price, unless u r ready to hold thru selldown at 24/2 and 27/5
What I learnt is that you gotta buy and hold. Not good for contra. I kept Encorp-WA for more than 2 months before it sky rocketed! I am expecting August to be a month of reckoning for PJDEv
Excellent run today. The later OLH announces his plans the better it is for PJDev since they will be registering record earnings from the 2 one off transactions and also better progressive collection from the property development.
My personal TP is 1.30 but if you look at the NTA for mother share and with 20% discount, mother share is worth say RM 2.45 so with RM 1 conversion rate, I would say fair price would be above 1.40 for WC.
Based on you guys personal opinions, I guess we have to be on our toes on this one to prevent being trapped, in case the current situation took a 180 degree turn.
Wc go unhealthy move this morning , that's correction for today . V look the mother you will know why the price go back to 0.985 at the End. Unless mother follow the run , otherwise hardly to stand the price that high .
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....
akh731
317 posts
Posted by akh731 > 2014-07-30 18:25 | Report Abuse
if the offer price like goldis and igb, than pj dev willbe cry fool