Anybody here has any opinion/suggestion that PJD's price will move(UP) intandem with OSKH. My personal opinion is -it will get stucked at 1.60 even if OskH is at 3.00 BEFORE the whole restructuring is completed. After restructuring, I have no idea. I am thinking of buying PJD before or After restructuring ( PJD is making money and I have no quarrel with money--an investment is an investment--I am crystal clear in my thinking )
OSKH or PJD? The choice depends on whether one is trading or investing. OSKH is for trading, and PJD for investing. Why OSKH wants to buy out PJD? It is because PJD is more valuable to OSKH under the proposed share swap scheme of 5 PJD shares for 4 OSKH shares. At RM1.49 presently, 5 PJD shares = RM7.45 whereas 4 OSKH shares at RM2.20 = RM8.80. For those really hoping to swap over to OSKH, it is cheaper to hold on to PJD at the moment and go for the conversion later, even taking into consideration the special 15 sen dividend for each existing OSKH share.
PJD and OSKH have about the same earning per share, but at very different share price. EPS of OSKH will be diluted further with new shares issued to OLH and PAC. Looking ahead, PE ratio or EPS of PJD will be certainly much better than OSKH. I also hold OSKH shares and am very happy with the recent run-up. I don’t think the high price of OSKH is sustainable after the proposed deal. I am taking a different strategy of selling OSKH to buy more PJD. There is no downside risk for PJD since, in the worst case, each PJD share can still be sold at a profit at the promised price of RM1.56 to OSKH.
Singor: the price you mentioned for both oskh and pjdev is exactly what i hope to see if it really happens. rm 3.00 is a good enough price for me. and i hope to accumulate pjdev @ 1.00 ~ 1.50 slowly
doesnt explode in price also even all the good news came one after one.. really need to be patience with this non speculate stock. patience is the key, but boring..
After Lunch, I start thinking what Fair & Rea said about PJD as investment. Two potential problems 1) New money--Properties sector command huge investment--from land bank to development cost--currently who is the major contributor of money--OLH from OskH 2) This become a problem when OLH is aiming to takeover PJD. Look what he did to OskH price when he wants to take it private.
Political instability is affecting market sentiment. Najib and Muhyiddin are locking horns. I am expecting a new cabinet soon. But the real problem is old man Mahathir. He is not going to let Najib off. He did remove Pak Lah & Musa Hitam and Anwar
Please do not blame the powers that be for the poor performance of OSK. Look at ECM Libra; the company is distributing cash back to her shareholders. See what happens to the value of the shares. If only OLH had done the necessary, I would be rich, man. A stingy company (read BOSS) will sleep.
I think the only ppl who made money are the directors themselves--diam--diam buy. Limit up sell. See tomolo price first. ECM has political link---Pak Lah son in law ( if my memory didn't limit down )
As far as I know, OskP price around 1.20 are bought by OLH. But who pushed the price from 1.20 to 2.80 is everyone guess. Everybody in OskP is getting false news about the acquistion price.
There are many big syndicates in bursa trying to make a kill at any given time. But they have to ask OLH first. If OLH sells, then syndicate will loose their pants.
SinGor, Yesterday limitup only 2-3 bounce--nobody got any shares. Today 2 cents up 7M shares. Somebody already laughing to the bank--millionaries already. Restructuring my foot --got haircut --cap reduction---all in maybe comes back to nothing. Until somebody do some real research, I am trading on rebounce only
They are all sewed up in OLH's pockets. {RHB Cap shares in the left pocket and the merger in the right pocket.} Hey! I am not bored; I want to catch hold of OLH and cut open his pockets. (Maybe at the EGM). That's why the EGM will be slowed.
Thanks hanting999. Now i can expect more dividend in future. Maybe good price for warrant. Money is my only objective in bursa and other things i said are just to pass time.
Dear SinGor, money is also my objective as far as Bursa, OSK, PJD, etc are concerned. I want share prices to rise. (Though things are not so rosy now.) With you, shareholders all, I like to joke with you, pull your legs, laugh with you when things look grim. Laughter is my other objective. So I hope OLH will put in some thing sweet for us. {Like more dividend}
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....
Winwin8888
34 posts
Posted by Winwin8888 > 2015-05-30 21:13 | Report Abuse
Rm 3.3