haha... RVI123.. ur thinking is wrong la.. If OSKH inject its development lands into PJD exchange for PJD shares, then OSKH will have more shares in PJD. How to reduce shares
860000, U r right. However, I somehow think that OSKH may lump all its development lands in one company (PJD). May be OSKH may do that in one go, inject the lands into PJD for PJD shares, then only distribute some shares to existing shareholders to meet the public shareholdings spread requirement. Anyway, It is just a wild guess.
i dun think OSK gonna inject its own land into PJD because if the land is so good, OSK should keep the profit as much as possible in OSK. Why share so much of profit with PJD shareholders? OSK will cooperate with PJD in work but i doubt OSK gonna purposely promote PJD.
The Edge reported that Osk Prop.this year has a GDV of 8.28billion in Mel. Australia and another 1.06billion in Malaysia. Newly merged entity GDV of 8 billion. Looking forward to this year how Osk Holding will be performing this year after a boring year last year.
PETALING JAYA (Feb 20): OSK Property Holdings Bhd (OSK Property), which merged with PJ Development Holdings Bhd last year, will launch its first project abroad in Melbourne, Australia this year.
Its maiden venture in the land down under will be an integrated development on the Southbank by the Yarra River with an estimated gross development value (GDV) of RM8.28 billion, OSK Property’s newly-appointed CEO Ong Ghee Bin told City & Country.
However, the developer is also launching projects across Malaysia this year with a total GDV of RM1.06 billion.
They are the second phase of Timurbay Seafront Residence in Kuantan, Pahang; Luminari in Harbour Place (pictured), Butterworth; a bungalow development in Sungai Petani, Kedah; and Phase 2 of Windmill Upon Hills in Genting Highlands, Pahang.
The newly-merged entity currently has 2,500 acres of undeveloped land, expected to generate an estimated GDV of RM8 billion.
The group will also focus on integrated developments to harness its in-house capabilities that include retail and hospitality, and expand its portfolio of assets that generate recurring income.
“This development type which usually includes a hotel and shopping mall is the direction that the company is taking because it will allow the company to tap the expertise of parent company OSK Property’s other business pillar,” said Ong.
I don't suggest a buy because property sector still not in good condition. Property sector may need at least 2-3 years to return back. The profit now is because of previous unrealized gain. It's showing decline. If up, time to take profit instead of chasing high.
OLH got close to 60% of OskH( direct+indirect+ relatives). 10% for foreign funds + 30%(required) to public. Quite sure OLH is No longer Blocking OskH. This is the start of the long March to 3.0
Do you think OLH will let oskh to stay at 1.60. He has moved his entire family asset "lock, stock and barrel" to acquire 54% of Oskh. As he put in agm " his funeral expenses" is in OskH
Hanting999, I told you months ago OskH will double its profit. Most importantly,eps was not diluted and revenue has increased tremendously. Rhb has also doubled its dividend this time. Don't be so negative as before,hope the increase in share price will make you happy. Dividend should be better going forward as right now OskH has just used up a lot of cash acquiring the other 2 companies. Hope everything will be positive for you from now onwards,best wishes to all OskH shareholders,Gheekong.
Ghee (are you the same GheeKong), happy for your reassurance. Yes, all things are strong in OSKH; but the old man is still tight fisted. This is not good. Everything can be positive. but not the rewards. I'll wait for better days ahead.
if we observe back to OSK time during its IB business, it really seems that the dividends depends on the earnings. When earnings exceptionally good, dividends will be good too. So i viewed it as he will pay good dividends as long as good profit.
Hanting999, I am GheeKong. Over the past two years OLH has received a lot of bad publicity hence OskH share price has been affected to some degree. The only way for the share price to go up is by showing strong fundamentals,good results and dividend payments. Investors cannot ignore this and everything will take care by itself.
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....
RVI123
660 posts
Posted by RVI123 > 2016-02-16 12:45 | Report Abuse
Hanting999, you have a very good point there. Just distribute some shares to the OSKH's existing shareholders n the problem is solved.