DAIMAN DEVELOPMENT BHD

KLSE (MYR): DAIMAN (5355)

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Last Price

2.99

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


1 person likes this.

419 comment(s). Last comment by speakup 2024-07-06 15:46

dompeilee

11,888 posts

Posted by dompeilee > 2018-08-28 09:58 | Report Abuse

Oops...175,300 shares decided to run LOL

Posted by jordanmaggie61 > 2018-08-28 10:03 | Report Abuse

Yahoooo ! Good profit tho, can spend more already kikiki

apolloang

18,163 posts

Posted by apolloang > 2018-08-28 11:04 | Report Abuse

bursa tipu.....8.30am cannot key in this stock at limit up to buy......start the quote at 8.35am.key in at 8.30am kena rejected.if wanna down sure get lo,if later wanna up cannot key in

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-28 11:13 | Report Abuse

Time to collect profit, hehehe thanksss

Posted by callmeSugarDaddy > 2018-08-28 11:27 | Report Abuse

limit up woh.....

Hoi App

973 posts

Posted by Hoi App > 2018-08-28 11:54 | Report Abuse

Later cancel privatisation plan.
All gg.com ?

dompeilee

11,888 posts

Posted by dompeilee > 2018-08-28 14:58 | Report Abuse

Lim Tek Wai & jordanmaggie61 = members of the KUKU nuts club lol

dompeilee

11,888 posts

Posted by dompeilee > 2018-08-28 20:21 | Report Abuse

Those who bought between May & Nov '14 all cannot make $ despite takeover lol

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-08-28 20:28 | Report Abuse

Average down yo hahaha.

But probably should take up the offer, too low. Around Rm4.5 to 5 is fine.



Posted by dompeilee > Aug 28, 2018 08:21 PM | Report Abuse

Those who bought between May & Nov '14 all cannot make $ despite takeover lol

lizi

1,968 posts

Posted by lizi > 2018-08-28 21:19 | Report Abuse

like every week buy lottery, hoping one day will hit jackpot....after few years really kena, it may not be jackpot but consolidation prize....


dompeilee Those who bought between May & Nov '14 all cannot make $ despite takeover lol
28/08/2018 20:21

Posted by Fabien Extraordinaire > 2018-08-28 21:22 | Report Abuse

price 2.82
offer 3.00

arbitrage play?

5354

375 posts

Posted by 5354 > 2018-08-29 04:18 | Report Abuse

At least Daiman boss is good to privatise at 38% premium how abt other listed ctrs?

Posted by dompeilee > Aug 28, 2018 08:21 PM | Report Abuse
Those who bought between May & Nov '14 all cannot make $ despite takeover lol

TheContrarian

9,507 posts

Posted by TheContrarian > 2018-08-29 04:47 | Report Abuse

Usually the more thinly traded, the higher the premium. For heavy volume counters, there's hardly any premium like in TA Enterprise.

iphone4

132 posts

Posted by iphone4 > 2018-08-29 11:26 | Report Abuse

Asset backing is RM5+ and taking it private at RM3.00 is already at a big discount. Plus in the revaluation of its land bank property , the Offeror made a big killing.

value_man

105 posts

Posted by value_man > 2018-08-29 15:26 | Report Abuse

Arbitrage Play:
Offer Price: RM3.00
Dividend: RM0.05
Current Price: RM2.82
Profit: 3.05-2.82 = 0.23
Yield: 0.23/2.82 = 8.2%

hoplanner

408 posts

Posted by hoplanner > 2018-08-29 19:45 | Report Abuse

Iphone4, Stock mrkt eat people, by big shareholders. See what happened to Hunza some yrs ago, now MWE. Soon Insa

apolloang

18,163 posts

Posted by apolloang > 2018-08-29 21:18 | Report Abuse

soon ken not insas cos u mention daiman and hunza,both of them in property sector same like ken,insas not a property stock

enid888

581 posts

Posted by enid888 > 2018-08-29 21:47 | Report Abuse

Pls read the following report from Public Investment bank dated 17/6/2014 to see what is the real net book value of Daiman. Public investment Bank gave a fair value of RM7.79 per share. You compare the offer price of RM3.00 to RM7.79 per share and see how much the offerors are going to make.

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=53009&bb=34262

apolloang

18,163 posts

Posted by apolloang > 2018-08-29 21:51 | Report Abuse

that time public also wrote about SAB

enid888

581 posts

Posted by enid888 > 2018-08-29 22:00 | Report Abuse

The following is the extract from the Public Investment Bank report on Daiman. See for yourself, how much the investment community has overlooked Daiman.

" Huge potential value to be unlocked.

The group owns about 2,965 acres landbank in Johor spanning across Kota Tinggi (2,645 acres), Tebrau (118 acres), Plentong (158.3 acres) and Senai (43.9 acres).

The most interesting part is its 103.7-acre golf course land in Plentong, which sits on commercial land status with a book value of RM7.20 psf. Management has indicated there is a plan for redevelopment but will only start looking into it after the completion of the JV project as it wants to see an increase in traffic volume and business activities from the mixed development. Based on the transacted price with the JV partners, the land is now worth around RM140 psf.

In Kota Tinggi, it has about 2,458 acres, which has been approved for mixed development, is sitting on book value of RM2 psf. Based on the market value of RM10-RM15 psf, we believe it is worth at least RM1bn.

All-in, we think its land bank and properties in Johor stand at market value of not less than RM2.5bn, which is a far cry as compared to its current market capitalization of RM598m."

enid888

581 posts

Posted by enid888 > 2018-08-29 22:02 | Report Abuse

Yes, apolloang, Public also wrote about SAB during that time.

enid888

581 posts

Posted by enid888 > 2018-08-29 22:39 | Report Abuse

I would like to suggest to KYY, quietly accumulate the shares of a good undervalued target property counter, make a general offer to privatise the target company at an appropriate time. He may make a few hundred percents in a few months time.
After that, he can either choose to sell the properties away piece by piece or even relist the company with the lands and investment properties revaluated to market prices.

Posted by prudentinvestor > 2018-08-30 09:30 | Report Abuse

The relevant authorities must not approve this privatisation exercise as it will result in our country losing hundreds of millions to foreigners.

RVI123

660 posts

Posted by RVI123 > 2018-08-30 12:08 | Report Abuse

For a general offer, the authority shld requires the assets of the company to be revalued so that it will be fair and transparent to all the shareholders (both substantial and minorities).

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2018-08-31 11:29 | Report Abuse

Our authority only bother about its bottom line, high trading volume is good.

Richest

57 posts

Posted by Richest > 2018-09-14 14:27 | Report Abuse

RM 4

Richest

57 posts

Posted by Richest > 2018-09-14 14:28 | Report Abuse

RM 4

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-11-01 21:01 | Report Abuse

Don't sell loh, below 90% cannot CA.

calvintaneng

56,836 posts

Posted by calvintaneng > 2018-11-06 23:00 | Report Abuse

Properties held by
Daiman Development Berhad
PTD 49317 - 49682*
PTD 56436 - 56459
PTD 62111 - 62113
PTD 62361 - 62369
Taman Johor Jaya, Mukim of Plentong
District of Johor Bahru, Johor Darul Ta’zim
32 lots of residential
land for development
12 lots of vacant land
- Freehold 1.05 acres

Rm19,000

Attention Sifu Jon Choivo

Note:

Daiman has 44 lots of lands in Tmn Johor Jaya.
Total 1.05 acres (all freehold)

Book Value (Refer to latest annual report

is only Rm19,000

So to get price psf

1.05 x 43,560 sf ft = 45,738 sq ft

Now for Rm psf

Rm19,000 divides by 45,738 = 41.59 sen

to round it up

42 sen psf

What is the curent asking price for land in Tmn Johor Jaya?

Refer to propertyguru

Jalan Teratai 33 Tmn Johor Jaya land adverised for sale at Rm100 psf

See

https://www.propertyguru.com.my/property-listing/johor-jaya-teratai-for-sale-by-ck-lau-27536054?ref=ls%7C%7C4%7C3

calvintaneng

56,836 posts

Posted by calvintaneng > 2018-11-07 22:14 | Report Abuse

Daiman = Diamond

Others are

TA ENTERPRIZE
INSAS
EKSONS
GUH
ECS ICT
MPHBCAP
TALAM
KWANTAS
JTIASA
HARNLERN
CSCSTEEL

SO MANY GOOD STOCKS GOING CHEAP

Syndicates

884 posts

Posted by Syndicates > 2018-11-15 22:23 | Report Abuse

be aware, offer price cum dividend should be 3.05. 3.00 is after ex-dividend price.

dompeilee

11,888 posts

Posted by dompeilee > 2018-11-17 11:57 | Report Abuse

I struck quite a few takeover plays during the last 5 yrs, including MISC, HL Cap, KHSB, Samudera, Ptg Tin, KAF, Hunzpty and this year, Daiman & SPB =)

nkpi3

9 posts

Posted by nkpi3 > 2018-11-20 17:12 | Report Abuse

The Offer Price of RM3 is at a whopping 55.75% discount to its RNAV of RM6.78! The independent adviser, Mercury Securities, says it is reasonable to accept the offer in view of the historical share price of Daiman. For long term investor, who has stayed with the shares for its value, I would say it is grossly unfair and unreasonable to accept the offer. Will Mercury Securities or anyone willing to sell off their own real estate/ properties at 55.75% discount? Yes, Daiman is indeed a property company owning real estate, not a tech company with very little asset backing.

Posted by Angel of KLSE 大马股仙 > 2018-12-04 21:51 | Report Abuse

If i keep holding the shares, when to receive RM3?

Posted by Angel of KLSE 大马股仙 > 2018-12-05 08:42 | Report Abuse

My remisier say RM3 offer not yet confirm

Posted by Angel of KLSE 大马股仙 > 2018-12-05 08:43 | Report Abuse

Anybody knows?

k3nthiew

518 posts

Posted by k3nthiew > 2018-12-10 10:47 | Report Abuse

They need to get approval from shareholders on today agm, once egm done, you will get your money likely in another 3 months time

k3nthiew

518 posts

Posted by k3nthiew > 2018-12-10 10:47 | Report Abuse

Btw, anyone at egm today?

yeow53

5 posts

Posted by yeow53 > 2018-12-19 11:06 | Report Abuse

Is the proposed general offer approved at the egm?

calvintaneng

56,836 posts

Posted by calvintaneng > 2018-12-25 21:31 | Report Abuse

Merry Christmas

Daiman is diamond in value

lextcs

1,961 posts

Posted by lextcs > 2018-12-26 09:21 | Report Abuse

once again the minority shareholders are short changed....santa came not to give but to rob

pucho

1 posts

Posted by pucho > 2019-02-21 11:03 | Report Abuse

Why are people still trading this stock?

azera

285 posts

Posted by azera > 2021-08-07 10:08 | Report Abuse

Share privatise already?

TheContrarian

9,507 posts

Posted by TheContrarian > 2021-08-07 11:32 | Report Abuse

Long time privatised already.

calvintaneng

56,836 posts

Posted by calvintaneng > 2021-08-07 11:50 | Report Abuse

Yes done long ago

Now Daiman got lands for sale by tender

As for next possible candidates for privatisation:

See

Eksons
Mphbcap
Bplant
Tsh Plant
Fgv
Nylex
WTK
Thplant
Others

ongtnl

24 posts

Posted by ongtnl > 2023-05-23 23:12 | Report Abuse

why no movement? can buy boh this counter?

TheContrarian

9,507 posts

Posted by TheContrarian > 2023-05-24 18:36 | Report Abuse

Cannot buy anymore.

calvintaneng

56,836 posts

Posted by calvintaneng > 2023-09-21 23:05 | Report Abuse

calvintaneng

Yes done long ago

Now Daiman got lands for sale by tender

As for next possible candidates for privatisation:

See

Eksons
Mphbcap
Bplant
Tsh Plant
Fgv
Nylex
WTK
Thplant
Others

2021-08-07 11:50


BPLANT CHUN CHUN BEING TAKEN OVER BY KLK FOR RM1.55

calvintaneng

56,836 posts

Posted by calvintaneng > 2024-07-06 12:17 | Report Abuse

After Bplant taken private 🏆
Mphbcap taken 🏆

Now listen

All must have Tsh Resources in his or her portfolio

speakup

27,171 posts

Posted by speakup > 2024-07-06 15:46 | Report Abuse

U want to know which next to be taken private? It's........FGV!

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