in april this year he had only 36% in Johan and 37.44% in George Kent. George Kent price has shot up. So he increase his stake in Johan to more than 50% while his stake in George Kent is still 37.44%. So now his favorite will be Johan or George Kent?
Of course no power to up. News says TanSri has 50%+ .... but his friendly parties are probably holding another 25%. So it means counter is already very illiquid. Today's almost 5million shares traded is not free market trading. A lot of wayang. Keep your shares guys. Johan is a diamond, it holds shares in GKent which is now vying for HSR. Johan also moving into Property Development.
Yes. TanSri is someone who definitely wants to win. And now his objective is to get over 90% shares of Johan, so he can apply to court to force all minorities to sell to him. He definitely wants to do this. Because he knows value of Johan.
Tan Sri's friendly parties are buying up at 28.5 cents and will later privately sell to Tan Sri in big blocks. I advise all of you please do not sell. Just keep it. Do not let Tan Sri gain more than 90% so that he will up the offer price. Let's work together as we are minorities.
I have followed moneykj since Pmetal early last year. Still hold till now for 400% paper gain. Latest is Johan entered at 0.245. Still hold. No one should be blamed because the decision in your hand.
hold for bigger thing happen, maybe Johan got big thing to be happen for major share holder to privatize and collect more share.
Ask yourself, if your are Johan major share holder why your want to privatize a losing money company and lose your own money,
it is similar case like karambunai , which company NTA is more than 25 cents with a lot of land but offer just 7 cents to privatize , the end minority shareholder won.
Major shareholder always want the biggest margin into his own pocket instead share with public share holder.
the major share holders ( Tan Sri Tan & his family ) wants to maintain the listing status of Johan. Looking at GK. Johan has room for further upside. at what level ? ? from 34 sen sell down to 26 sen ( app -25% ) . MGO floor price set at 26 sen. This counter owned by Tan Sri & his related party > 60% . then surely as a businessmen ( he is not going to lose money )
Peng1185 = no many people understand the value concept and JOHAN need to maintain listed the reason behind is clear because it is different case compare with privatize and delist bursa , i will hold to last i believe it the end result. Similar to Hong Leong case, major shareholder hold 80 % and it will benefit minor share holder who hold to fight till end result. i believe not bad to me if i am minor shareholder for long term.
reasonable value can be 34 cents and it is hard to justify because it subject to major shareholdder plan, they can push down the price to super low and create panic sell , you sell , i sell, they buy cheap cheap .
There will be two things to boost Johan: -- (I) first is Gkent which have big chance to win HSR; (ii) second is Johan already going into property development on one part of the land, and will later shut down the tiles manufacturing and the entire land will build additional hotel and shopping mall.
Gkent factory and Johan tiles factory are just one stone throw away. If you combine them, then it is a very big project. They are buddies with Prasarana and so shuttle bus will ply from LRT station to Johan/Gkent new development area 4.5km away.
So now all offer form sent to minority holder, what's going to happen??..Quite new with this all MGO. Offer is lower than current price, will they try to push it down now???
Yup. Just ignore letter and hold on to Johan shares. Johan wants to move heavily into Property Development, which is not only going to happen on Johan's strategic Puchong land, but is also going to happen at certain points along the MRT, LRT3, and coming HSR. They will close the tile manufacturing completely.
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....
mancingbursa
4,268 posts
Posted by mancingbursa > 2017-10-13 09:46 | Report Abuse
Beware of old folk,