from PJDEV private taken by osk, we know the style of the big boss. Using minimum cost to take high value company, big boss can wait while get allowance and salary of director. Many company biggest share holder as director get paid in shares dividend add others can cover their shares holding cost on interest loan in share margin account.
3 yrs ago (before bonus issue), OLH offer 1.68 for privatization, unsuccessful ...... after that, shareholders suffer prolong price depressed. OLH may offer 1.10 for privatization this time, after being long depressed, shareholders may surrender and sell to him ...... Just like Kian Joo, 3 yrs ago offered 3.30, now offer 3.10 and probably may success to privatize it !
Look like OLH now is sapu as much OSK WC at almost free of few sen so that later can multiple value to convert into OSK share and dilute value of all shareholders and then only will takeover again...so the cost lower for him
In order for him to do that however he need to ensure the OSK share price above RM1.2 before Expiry date of Jul 22,2020. Ideally he will make it RM2.4 so that he can exchange OSK share for free....he owned the most OSK WC
Then the shareholders value will be diluted by the conversion of OSK warrant....and his OSK ownership % increased enough then can consider takeover again
Simon, don’t be surprised. OLH had done that before when took over OSKP properties stock last time....with accumulated first of OSKP Warrant at low....then convert to OSKP share when pushed the stock high enough. After that significant increased his ownership then takeover OSKP
Institutional ownership continued to increase from last year 5% to Jan 5.6% and now further increased to 5.92%. This’s excluding EPF owned about 1.17%.
Looking at increased cash with OSK as well as likelihood of RHB and OSK properties development growth...very likely to increase dividend as well in 2019. I think the market still waiting at further announcement of 2018 dividend distribution.
OTHERSOSK HOLDINGS BERHAD ("OSKH" OR "THE COMPANY")(I) PROPOSED RENEWAL OF EXISTINGSHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE ORTRADING NATURE (II) PROPOSED ADOPTION OF NEW CONSTITUTION OF THE COMPANY(III)PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES(COLLECTIVELY KNOWN AS THE "PROPOSALS")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Very undervalued.... it should distribute the rhb shares back to shareholders.
OSK Financial Information
Market Capital (RM) 2.001b Number of Share 2.095b EPS (cent)* 16.52 P/E Ratio 5.78 ROE (%) 7.48 Dividend (cent)^ 6.000 Dividend Yield (%) 6.28 Dividend Policy (%) 0 NTA (RM) 2.210
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued. ^ Total dividend amount declared for financial year ended 2017-12-31.
RHB at RM5.8 now means OSK owned 10.13% value RM2.356B. A 17.8% more than OSK at 0.955 with market cap of RM2B. It mean that the forward looking NTA now estimated more than RM2.34 compared to end 2018 report.
Certainly it should be OSK! Its RHBBANK share alone is worth more than RM1. 00. In other words you are getting OSK shares for FREE. Wherever Mahsing has too much debt.
As a public listed company, the board of directors and management of OSK owed all the shareholders an explanation why it’s so much Undervalued. If unable to take care of value, it’s better to distribute all the RHB shares to the shareholders.
Lets agree to disagree on the unfair undervalued from now on by rejecting any value below RM1.1 until AGM or next Q announcement. Let them play balls under themselves.
Low share prices are great for long term investors. It's an opportunity to accumulate for us. Don't focus too much on when it will appreciate. Just be happy if business is doing well.
Low share price great for long term investors is misleading. Only stock with growth shareholders value that equally benefits the shareholders are worth for long term. Like Public Bank, Sunreit
At the current price, OLH definitely wants to accumulate all OSK shares and privatize it. Then he can owned 100% of 10.13% RHB and then listed again only the OSKP at RM1.2. How can the rest of the shareholders agree on that? It’s ridiculous.
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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....
Muthuarum
264 posts
Posted by Muthuarum > 2019-03-13 06:48 | Report Abuse
The Board of director didn’t do their job to protect shareholders interests. Makan gaji buta ....need to give them pressure