I am wondering....since OSKH has issued so many shares now stands at 1.402b.. why the shares price wasn't X? adjusted 20% downward like when we receive the dividend... anyone has an idea?
OSK still trade cum interim dividend 2.5sen, and yet to declare official entitlement date. Lets assuming OSKH maintain annual dividend 7.5sen, yield is still very attractive at 4.6%, expect forward EPS 26sen (consolidate both OSKP and PJD), valuation undemanding at PE at 6.3x.
Corporate deal (OSKP, PJD, RHB) already already reach the tail end, OSKH value will slowly reemerge again. Today, BAnk Negara have issue order to limit Abar stake in RHB to below 15%, and Bank Negara also previously granted OLH personal effective stake in RHB can exceed 5%, but limit to maximum 10%. since OLH have control 55% in OSKH, the effective personal stake of OLH in RHB is just about 5.5%, Therefore, osk likely will oversubscribed it's RHB right entitlement, may boosting oskp stake in RHB to above 10% before reach limit at maximum 18%.
In additional, today Pavilion REITS just acquire GOB, Da'Men shopping mall for RM 488m, OSK Atria shopping Gallery is bigger than Da' men, and could potential value to above RM 500m.
OSK share now is trade at very undemanding price already, if expecially compared to current rebounding market, oskp share is significantly laggard far behind....... but time may be needed for it to slowly reemerge again as it is now much more worth for longer term investing, expect next quarter earning boost with its maiden shopping mall contribution, consodilate PjD and Oskp earning, improve balance sheet after incorporate both oskp and pjd asset.
Hope at last for OSK share price. As long as hng33 buys and keeps OSK in cabinet for few months for gestation period. The first resistance level is 1.67. I hope hng33 does not contra.
hahaha, as OSK will keep for longer term (need few month gestation period for value to emerge), therefore, must limit the quota and keep as one of the core stock. Since it need time, quota is apply to limit certain capital to tight for OSK for longer term, and keep in cabinet :D)
Interestingly, OSK is going to fully subscribed the entitled right shares of 9.97%. A rough calculation will cost the company 200mil over to do so.. but where the boss get the money from??
hahaha... not sure though... that's why I think he needed to gain control over OSKPROP and PJDEV.. there's some cash in these companies...Most of the banks recently are asking money either from shareholders or offering high FD rate to their customer... it's time to accumulate more bullets for our future use.
OSK has decayed into a dead counter, this is all due to OLH has been using dirty, complex & unscrupulous tactics to satisfy own selfish and untold objectives and interest, playing out all the fans and supporters of this counter , until fans are deserting this dangerous and deceitful counter that has broken the hearts of many supporters and made them losensubstantial amt of money since its announcement of dividend, bonus issue and free warrent. Can U imagine, this f**ker manipulated the listing price of its free warrent till such a low listing price until it hit limit up on the first day of listing such that holders could not sell the stupid warrent above 30 sen!! THIS IS KARMA TO OLH!! Curse him be further punished!!
wait and see: the worst is yet to come. Sale of OSKIB to RHB; shareholders no gain. Offer of 15 sen and free warrants: chicken feed. Now merger OSK/OSKP/PJD: property counters no hope.
Although i did said to park OSK share (average cost RM 1.648) in cabinet until next quarter result release....but OSK share is still under my close radar screen. In the bidding time, someone want to push OSK higher (market maker), and screen show clearly the matching price is as high as RM 1.72....of course sell lar to match it.
Will buyback if on weakness back as market maker is believe to be one off and short live.
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taktaumacammana
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Posted by taktaumacammana > 2015-09-17 20:37 | Report Abuse
I am wondering....since OSKH has issued so many shares now stands at 1.402b.. why the shares price wasn't X? adjusted 20% downward like when we receive the dividend... anyone has an idea?