Smalltimer...why u accuse OTB behind the price fall? Suggest u read his blog and post or attend his class.in fact he own a lot though his entry price may be lower.only time will tell who is right or wrong and he is not GOD either
manutdchampion, I will hold....anyway, no one in the right mind will vote yes for his proposal. Anyway, I do not play contra, so no fear....worst case only sell for 0.60, given if OLH can magically increase his holding from below forty percent to 90% holdings but I doubt so...... In any case WC has long expire, it will worth a lot more, I really can't find a good reason to sell now....of course that also means that my capital gonna be locked for awhile until all this episode is over....probably by next year....but this is not something us mere mortal can predict, so don't loose sleep.
There is no need to sell at 60c and there is no way he can increase his stake to 90% at this price range..by the time he increase his stake to 90% pjd will be more than rm2 and pjdwc will be more than rm1...and i will be happy to sell the shares back to him :)
NEW YORK - U.S. stock index futures jumped on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. European stocks jumped the most in seven months and oil and southern euro zone bonds rebounded sharply on Friday as investors poured back into beaten-down markets as the week's volatility frenzy continued
I was doing a quick calculation. At 696 million market cap and current price of RM 1.54 and if OLH has 25% of PJDEV shares, he would need another 225 million shares to trigger mandatory offer. At 2 million shares a day with 5 working days over 90 days he would in theory have only 120 million shares. Looks like not possible. Also, the RHB-CIMB-MBSB merger will happen mid of 2015. OLH does not have the $$$ to fund this take over hence paying via issuance of OSKH shares. I hope he kicks the bucket before this happens. Trying to screw us over. Just hold and we will see it go up after next months 1/4 ly report and once the 90 days period is over.
No point blaming the situation now, take some action ! Go buy 1 share of mother share PJDEV , then only you have the right to attend the egm meeting and reject this OLH's stupid offer. If you hold only wc, you CANNOT attend and VOTE. U must at least hold 1 share of mother share of PJDEV. If u want to change this situation, go buy 1 share and attend egm and vote to chase mother f**** OLH out !
These few days i cant sleep due to this as*hole OLH, anyway, i always believe business is long term, we shall see how this fat as*hole will last ur biz and ur life . Well, i believe words will spread around for many, many years by the way u squeezed plp's money to your fat ass pocket using this malu tricks. . U or your family members might get embarrassed by the words around them.
Anyway, History will remember. We will remember. God bless all of us. Good night :)
Optipussy, this is the problem with a moron like you. I said IF. Please take your 2 million rupiah and go back to Batam. Shall I get you the exact number? Ooh yeah what happened to Inari suddenly went up and you said what? Please died and crawl under some stone
Time to stay strong and united..what we should do now is:- 1) buy 100 unit of PJD in case u dont have any PJD share and vote NO to offer price 2)spread the news that it is undervalue stock and offer price is ridiculuos 3)dont sell any shares..remember now OLH desperately looking to buy PJD shares in order to increase his stake to 90%. 4)dont listen to any negative rumours...this is to depress the price further
This is so obvious by the price of PJD where it down below the offer price.
Interesting write up in today's Star and Edge Weekly. The take away is as long as OLH does not own more than 90% of the shares, he cannot take the company private. For OSKP, it might be difficult but look at HLFG. Also, based on the proposal for PJDEV, OLH is looking to acquires 30++ percent. Looks like when the dust settles, panic sellers would be kicking themselves. Just hold and we shall see. This is just a knee jerk reaction by people like OLH trying to buy the shares cheap.
Posted by micky92 > Oct 17, 2014 06:23 PM | Report Abuse
Smalltimer...why u accuse OTB behind the price fall? Suggest u read his blog and post or attend his class.in fact he own a lot though his entry price may be lower.only time will tell who is right or wrong and he is not GOD either
OTB, very hard for people not to think that way. As u r the strong supporter for this stock and kept asking people to buy this stock, but now this stock became like this...............
I think now is the time to focus on more important things like how to fight back on this situation. Is very important that you can provide a timely and sincere advice to us. I am also one of ur yearly subscriber and read and study all your TA and FA.
But, i was burned out from this stock badly....hence, i understand how smalltimer think too. But, we are adult, we concentrate the results and no point blaming each others. Now most importantly pls guide us timely on how to get out of this situation. Any news u got kindly blast out fast to us.
Just want to say fair words for OTB, for most of his advice on the stocks buying, i have achieved a lot of positive earnings for the entire year 2014. Thank you OTB.
Ok everybody no point accusing each other this things happens all the time you are lucky it dosen't involves cronies stock sure minorty shareholder sodomised one! I was caught onces with DRB hicon and Gadek it was bulldoze through with all big buaya joining hands. I am now very careful if a company hold exessive cash as you now when buaya smell blood ( aka cash )he will sell him mother to buy the company. What say I buy 100 lots now to support PJ W to show confidence here?
OTB - Pls keep up the good work ~! I value your hardwork and believe in your integrity. I believe in Karma too......hope we can meet one day and for this whole year, time to make myself stronger and smarter n learn from mistake.
Sorry smalltimer, i accidentally deleted my msg.....u got to wait for a while for that Rm1.00, nobody will know.....now wat we can do....focus and see whether the EGM meeting coming or not. OTB, any ideas is there any EGM ?
Honestly speaking... profit or loss is part and parcel of share trading, THAT IS THE LAW. I always remind myself that share trading is at buyer's risk and not because of some advise or suggestions. Since the mess had been created, we can only savage the situation to the best of our ability. Contributors can give advise or suggestions but in the end it is the buyer's risk. For example, if some contributor advise hold and it turns out that it was bad advise, will you blame the contributor or yourself?? On the other hand if the contributor advise sell and it turn out to be bad advise, will you blame the contributor or yourself?? Ignorita juris halt excusate.
Ignoring the law of the jungle is of course our own. But if there is no godly like figure boasting having met so and so and talk about this and that and ...bah....waste of time...
Gogorock, there is no EGM in the first place because there is not even a GO for PJDEV shares. OLH is selling his PJDEV shares to OSK Holdings in exchange for OSKH shares. He is not offering to buy any PJDEV shares from the rest of us. It is a no brainer to see the current prices because he has not made any offer to us.
That is why I don't understand what is all the fuss about. Same like Dubai Group sold their RHB shares to their sister company way beyong market price of RHB. Did the price sky rocket? Pity those who sold at 60 sen and I thank you for selling it to me. All I will do now is wait for my upside :). Either I breakeven or make a killing.
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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....
manutdchampion
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Posted by manutdchampion > 2014-10-17 15:30 | Report Abuse
when the offer expires?