Address 20, Jalan SS 3/52 Petaling Jaya 47300 Selangor Malaysia.
NRIC/Passport No/Company No. 380721715119
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.50 each
Name & address of registered holder Genkho Candoz Sdn Bhd D117, Block D, First Floor, Kelana Square 17 Jalan SS 7/26 Kelana Jaya 47301 Petaling Jaya Selangor Darul Ehsan
Type of transaction Disposed
Description of Others
Date of change 09 Oct 2015
No of securities 96,000
Price Transacted (RM)
Circumstances by reason of which change has occurred Disposal of shares through off-market transaction on 9 October 2015 by Genkho Candoz Sdn Bhd, a company in which Teh Khoy Gen has more than 15% voting shares.
As the offer was made ~2 years ago, KianJoo earned an additional 40-50 cents since then. I would expect the offer price for KianJoo to be revised up by the corresponding amount on top of the original offer price of RM3.3/=. If we assume the final offer price is RM3.80/=, Canone will receive ~ 550 M, or RM2.88/= per share.
if you benchmark SAM price trend vs Canone, they both are having almost the same EPS per quarter, and their initial stock price also at RM2.xx , today SAM is at RM8.xx after few months time only. What is the price you expect Canone to be in next 3 months ?
Consider the special dividend given by Canone if the disposal of KianJoo equity is successfully, this will be another catalyst.
Now RM 3.06,,,All Time high and Sky is limit,,, Still far from fair value RM 5.00 to 7.50.. Based on EPS 50 cts, at P?E 10 is RM 5.00, P/E 12,, RM 6.00 and PE 15.. RM7.50
There are several catalysts coming. 1. Complete disposal of KJ to EPF for RM3.3/= per share, and very likely the offer price would be revised upward to ~RM3.8/=. Potential special dividend for canone shareholders. 2. Improve quarterly results due to (a) weakening of ringgit against USD (b) low input material cost (c) additional capacity in place. Share price should achieve at least RM3.6/= considering the potentially higher offer for KJ and its own improved business in F&B over the last 2 years.
considering the annualized EPS of 40sen, the share price should stand at RM4.00. we no need to think about the high debt as this company has high asset to pay it back ( KJ stakes ).
If the coming quarter earning remain the same as last quarter, the annualised EPS will be 50sen, which mean the stock price should be at RM5.00. This is exactly like Lattitude price trend how it slowly clmbing up to above RM6
Don't think AI will revise the 3.30 price for KJ. I think as a compromise they may instead allow KJ to declare a 20sen (maybe 30) dividend to close the deal. This will add another 30m or 15sen to Canone
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....
khlim2889
282 posts
Posted by khlim2889 > 2015-09-18 10:49 | Report Abuse
for the case of 23-sep , for sure will let go already , there is no point throw 30k and getting the same result