OLH managed to multiple his net worth through time mainly on his value investment strategies and took advantage as major shareholder to gain when the stock undervalued.
He managed to expand the OSK investment banking business in the regional footprint in which significantly add value to OSK. Then sold the investment banking business to RHB in exchange of RHB shares plus additional cash.
He also managed to increased his ownership of OSK through his major shareholder investment strategies of warrants/bonus issues, OSK Properties and PJD acquisition and etc. ...through time of undervalued stocks, he gained his value in long term ownership strategies
With currently undervalued of OSK and the NTA...plus the obvious increased potential value of RHB. Possible his net worth will again multiple in near future
OSK: Decides to call off Hong Kong listing plan for good. OSK Holdings has decided to permanently abort its plans to list indirect subsidiary OCC Cables Ltd on the back of continuous adverse global market conditions. OCC Cable was supposed to be listed on the Hong Kong Stock Exchange last Oct. However, the listing plan was put on hold a day after its public offer closed. “Save for approximately RM12.1m costs in relation to the listing, which will be expensed off to the consolidated statements of comprehensive income for FY18, the abortion of the listing is not expected to have any material impact on the consolidated earnings per share and net assets per share of the company for FY18,” OSK said. (SunBiz)
actually...pricing depends on mkt....right now mkt not giving the proper valuation....that's why it make sense to privatise.....imagine...just rhbbank shares alone is worth more than 1.00....
Like it or not, OLH bit by bit acquired OSK at low: - 31 Dec 2018 300,000 units @ 0.87 - 28 Dec 2018 184,900 units @ 0.878 - 27 Dec 2018 165,000 units @ 0.865 - 26 Dec 2018 105,000 units @ 0.858 - 24 Dec 2018 39,000 units @ 0.861 - 21 Dec 2018 626,000 units @ 0.855
OSK Holdings crossed the RM0.89 level and the 21-day moving average during its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM0.95, followed by RM1.00. Meanwhile, it may drift sideways if it falls back below the RM0.89 mark in the near term. In this case, support is anticipated at RM0.84, whereby traders may exit on a breach to avoid the risk of a further correction.
Actually OSK is a double discounted stock price with first discount for NTA 2.18 difference of 0.9 of 142% and also second discount with ownership of about 10% current RHB stock also at price of 5.35 difference of NTA 5.82 with discount price of about 8.8%. With the performance of RHB and the potential rise of RHB stock price...if over 6 as many analysts predicted target price, then OSK value is ready to bounce
JJchan, i think you get wrong information somewhere on the ownership of OLH on OSK. According to 2017 annual report he owned direct/indirectly of 47.16% of OSK. Recently announced update his ownership increased to 49.92%. No doubt that he took the advantage as major shareholders to purchase as much stocks when the value is very much cheap during the low market sentiment. It’s also showed us that as small shareholders, you’ll not able to beat him. Good hunter sometimes always very quiet.
With current EPS of OSK around 12.38 sen but only pay DPS of 5.5 sen was too less, OSK should willing to pay more dividends for the shareholders as committed in the past. Or to increase the shareholders value through stock buybacks. OLH should improve OSK reputation...learned examples like Public bank,
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....
firehawk
4,782 posts
Posted by firehawk > 2018-12-21 10:45 | Report Abuse
OLH provides more and more and more value investment for value investors again .....