PJDev Q2 result is still very good. I feel very disappointed. I will not feel so bad if PJDev is not a good stock.
I talk with facts and figures. I do not plug the figures from the sky. Unfair offer for OSKProp and PJDev. I am not a person like to bad mouth anyone, I just want to talk about fair deal. Please understand our feeling when a deal is structured in such unfair way. All minority shareholders are suffering. Truth will prevail. Thank you.
Icon8888 thx ya forgot to include those and that looks like his way to keep OSK price low and buy other 2 at cheaper pricing plus getting more monies in the kitties from new warrant conversion...wow "killing multiple birds simultaneously"....seemed like a corporate raider stuff huh?
anyone of you heard that OLH is going to withdraw from buying pjdev and pjdev-wc (0.6)? If this news is true, the price of pjdev will start flying~~!! pjdev will be heading to RM2.30 and pjdev-wc will be heading to RM1.2-RM1.3~~!! No wonder these two start moving now....
Another tycoon is trying to take Hunza private. Offer price is RM 2.50 for a company that is worth (RNAV) RM7.50 per share. Minorities must say no to this kind of bully, taking advantage of small shareholders. If u r interested, pls go to comments on Hunza in i3.
mildly strong buy q at 0.55 (203.2k shares) and 0.555 (288k shares), heading north soon or just a fake buy q, d market have price in the 4 sen dividend (ex-date 16/4), thus premium is only 5 sen (1.55-0.04= 1.51 vs warrant 1.00+0.56=1.56) or premium of 3.3% (1.56-1.51/1.51)
dumingjun, i'm no stock god mah but pjd severely undervalue trading at 43% discount to nta 2.63, every qtr make at least eps of 6-7.5 sen, say 1 qtr 6.5 sen, annualised 26 sen for full yr, pe 5.77 times, u think that evil dude ah ong can take private at 1.60 meh? independant adviser sure say not fair n not reasonable mah, i bot 30-32, 50s,60s, sold all at 110/115/117, buy back 60 sold 76, tambah lagi kaw kaw now avg 55.5
At 0.565 still a buy. Ah Ong offer 0.60. If the deal goes through, then you make 6.2% within this short period. If the deal does not goes through, let the market tell you how much you can make.
the privatisation was not suppose to be privatisation plan I think?? It is just his own consolidation of assets, so he would rather offer you all low price so that no one will willing to accept it so he no need do more GO??
anyway, even so I think he can still go with his plan. So what is next to trigger it move up??
Posted by rikki > May 13, 2015 12:05 AM | Report Abuse
Am i right to say that the plans have been approved by SC but the proposed voluntary take-over offer may or may not succeed bcoz it depends on the rate of acceptance ???
Posted by rikki > May 13, 2015 12:12 AM | Report Abuse
Sorry, OSK Prop is proposed mandatory take-over offer but PJD is proposed voluntary take-over offer
Posted by kai8994 > May 13, 2015 12:20 AM | Report Abuse
rikki you are right, shareholders of PJD and OSKProp still need to decide whether to accept or not.
Currently, a company that is subject to a take-over offer is required to appoint an independent adviser to provide comments, opinions, information and recommendation on the take-over offer in an independent advice circular. The independent advice circular is subject to the SC’s review and has to be cleared by the SC before it can be issued and despatched to the offeree shareholders.
The take over rule not applicable here? Where is the independent advice circular?
Posted by Ooi Teik Bee > May 13, 2015 12:36 AM | Report Abuse X
For PJDev-WC shareholders, please reject the offer.
PJDev-WC will continue to be listed on Bursa. The share price will return back to its intrinsic value.
Example: I got 5000 share of PJD, right now OSK is offering RM 1.56 of 5 share to exchange with the new share of OSK Holding of RM 1.95 for 4 share.
Based on current price of OSK Holding (~RM2.2) then if the deal sucessfully approved by all the shareholder then PJD holder is enjoying the deal by exchanging the OSK price at RM2.2.
Moreover: May have free warrant of every 4 OSK share and special dividend of what I heard is 15 cents per share.
The future of new merging OSK Holding is very bright!!! Based on blog below:
Ok....If the deal rejected...then PJD price will sure shot up again....no harm to buy PJD now as we guarantee can earn at least 6 cents (based on current price at RM1.5 for PJD)
Et, u need to take d 15se special dividend +warrent into consideration. Later need to deduct it. After all, it is still rm 2. Unless, osk go higher, then ur idea can work. If just 2.20, i suggest u buy osk to get special dividend plus warrent is better.
Hi justin. Agreed. But based on the current price. I think should more than rm2.20 because of the warrant. Basically from 2.05(the price b4 announcement) add 0.15. Just that. If pjd holder rejected the offer. Pjd price might come down? Even we all know the value of pjd is more than that.
Also need to take consideration about the period of convertion. Dont know how long will it takes. May b price is high b4 ex date. Price fall after ex date. At the time, ur share is still pending. Cant sell out as pjdev or osk. So u might get ntg.
So many cases after ex date, price fall sharply. So if u want osk, just buy osk. Dont think of conversion. If u want pjdev, just buy pjdev.
it is just different in d percentage of return. High or low. For sure, u can gain some from this corporate exercise.
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....
paperplane
1,403 posts
Posted by paperplane > 2015-02-09 01:04 | Report Abuse
Use /5*4. Thts the offer by ah huat mah