I don't really understand the mechanics of what you said below at ChrissyConn forum. How does the market pricing in the privatization of PJD make the premium on pjdev-wc low?
Posted by sephiroth > Aug 14, 2014 11:33 AM | Report Abuse
asakura, i said many times liau mah, the mkt is pricing in privatization of pjd, at the end of the day shareholders will not accept olh's pathetic offer
PJDev has a paid up cap of 456.2M shares. OLH and his family only has about 31% of the mother share. They hold about the same percentage in the warrants. Any takeover offers for PJDev without a massive premium will end miserably. At this juncture, the warrants offer more upside than the mother share and the longer he waits, the pricier it will be as PJDev is enroute to chalk up fantastic earnings in the coming quarters from the multiple property projects launched last year and the year before. This does not take into account the 2 exceptional earnings recorded from the sale of the PJD tower and Mont Kiara land.
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sephiroth
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Posted by sephiroth > 2014-08-14 10:20 | Report Abuse
bro jester, mkt is pricing in privatization lor, olh wanna privatize cheap cheap b4 the explosive quaterly rpt end of the mth