Posted by Rambotan > 2013-09-24 17:14 | Report Abuse

Hahahaha......

Posted by Rambotan > 2013-09-24 17:17 | Report Abuse

Good try......

Posted by nightshade > 2013-09-24 18:49 | Report Abuse

the developer are also property investor, just that they are in bigger scale, with more financial backup and more options available to them as compare to the individual property investor

if we are seeing it from property investor point of view, how close are we into getting the whole picture correct?

disposing off non performing land banks, properties at mature area.....use the cash from disposal (including capital gain) to pay of bank borrowing, move on to new undeveloped area, buy at lower price but get bigger area of land or more units, for more potential capital gain

to make the newly acquire land value appreciate faster, they dispose of some land banks to other property developers....more land transactions & more developments carried out by other developers = faster rate of development, the area become mature faster, the faster the value of the land increases which indirectly benefit their future launches ?

Posted by Rambotan > 2013-09-25 11:48 | Report Abuse

Aik where is Mr Sue You(Alex Wong)?....I am still waiting.....??

Posted by Rambotan > 2013-09-25 12:03 | Report Abuse

Don't take too long ok Alex.....my lawyers are also waiting for the exciting news from you......

Posted by robbin65 > 2013-09-25 17:31 | Report Abuse

Today added some at 1.53, will hold and wait for the rally of Iskandar theme.

Posted by topseeker > 2013-09-25 17:34 | Report Abuse

downtrend. just like mahsing. hope you have enough bullet average down and hold for long.. good luck^^ , i

Posted by Rambotan > 2013-09-25 17:44 | Report Abuse

Kakakaka....Robin Hood.....

Posted by KClow > 2013-09-25 17:46 | Report Abuse

hey rambotan who is this KC Loh fella ah... ur friend ah?? how come he goes around calling everyone by other peoples name ah/???

Posted by KC Loh > 2013-09-25 18:11 | Report Abuse

i came back in for donkey dave to rebutt, but i heard a trail of turban on the floow again! :(

Posted by Rambotan > 2013-09-25 18:24 | Report Abuse

Apalah.....KClow......u call him and he responds.....u disappear ........be a man......kakakakaka......afterwards the lawyer for hafiz ie Alex Wong will want to sue both of you......or is it his brother.......

Posted by KC Loh > 2013-09-25 18:27 | Report Abuse

Rambotan, i think donkey dave owes some money to your lawyers. that's why cabut fast when he saw them! something to do with his postnuptial agreement with fark cat tubby which he didn't pay, so i heard! LOL

Posted by Rambotan > 2013-09-25 18:31 | Report Abuse

I think not.....u must be holding his turban and he is following u everywhere.......don't know why he entered here looking for you.......maybe he thought "T"ropicana is meant for turban

Posted by KC Loh > 2013-09-25 18:32 | Report Abuse

HAHAHAHAHAHAHAHAHAHAHAHA.......

Posted by KC Loh > 2013-09-25 18:33 | Report Abuse

ok me outta here again. have a good evening suing everyone Rambotan! LOL

Posted by anbz > 2013-09-25 18:56 | Report Abuse

wah very fast tracking

Posted by Rambotan > 2013-09-25 19:04 | Report Abuse

Aiyo...I am getting sued....why ppl thinking I am suing??......

Posted by kahfiehlai > 2013-09-25 22:01 | Report Abuse

what do u guys think if u all gather once and have F2F on all the matter resolve...wonderful pictures hehehehe

Posted by Rambotan > 2013-09-25 22:02 | Report Abuse

What is F2F?......

Posted by Rambotan > 2013-09-25 22:03 | Report Abuse

I only know one f word.....kekeke

Posted by kahfiehlai > 2013-09-25 22:09 | Report Abuse

u can use any word begining with fxxx. it all make sense...hahahaha (i need to declare here that i am neutral and f of all)

Posted by Rambotan > 2013-09-25 22:19 | Report Abuse

Everybody is neutral until they get whack.....then they f.....

Posted by anbz > 2013-09-25 23:40 | Report Abuse

i know 3...
1.find
2. u know la
3. flee

Posted by Rambotan > 2013-09-26 14:08 | Report Abuse

Aiyo....2days d and Alex Wong aka Hafiz the lawyer and SKMM as he claim didn't appear.....sue sue sue as Alex has been shouting but did not appear......don't appear cannot sue lah......I am also waiting to do the due diligence to counter....tapi must have bola lah....don't talk only.....

Posted by ladzatz > 2013-09-27 13:20 | Report Abuse

strong backup at 1.52 yet to many want to sell at 1.53 and 1.54...,
1.52 should be good support price for today...

Posted by lwalk > 2013-09-27 13:57 | Report Abuse

While many were guessing what would be the next asset that Tropicana Corp Bhd would hive off, the company sprang a surprise on the investing public when it announced the purchase of 18 tracts if land in Pulai, Johor for rm366 million cash.

It said the land acquisition is in line with the company’s overall objective of increasing its landbank in strategic locations especially in Johor.

However the land purchase came as a surprise as many expect Tropicana which currently (Sept 2013) has total assets of rm4.58 billion to dispose of some to help reduce its borrowings and ease cash flow.

The group’s balance sheet as at June 30 2013 had total borrowings of rm1.86 billion, including long term debts of rm1.56 billion. Its cash balance was at rm372 million. It had a net gearing ratio of 0.63 times.

It intends to fund the proposed land acquisition and the development cost through internally generated funds and/or bank borrowings.

In Aug 2013, it unveiled its plan to sell its retail mall to CapitaMalls Malaysia Trust.

Tan Sri Danny Tan’s reverse takeover move to inject his 762-acre tract of land into Albedo Ltd may be the only logical move for the tycoon, considering Tropicana Corp Bhd cannot stomach any more big asset injections.

The land situated in Iskandar Malaysia was cited to worth an aggregate value of RM2.71bil as at Aug 30 2013, based on estimations by Knight Frank Malaysia Sdn Bhd.

Tropicana, which is asset-rich but tight on cashflow, underwent an amalgamation exercise a year ago injecting some 73 properties into its coffers for RM948.7mil. The asset injection included Tan’s private property assets.

The group was also in a de-gearing exercise through strategic disposals.

It made sense for Tan to plant his private assets in another company if Tropicana could not take the asset injection. It is important to note that this land deal (with Albedo) came much later than the amalgamation exercise in Tropicana. If (Tan) could not inject any more assets into Tropicana, it is logical for him to look for another vehicle to do so.

Earlier reports said that Singapore-listed Albedo could pose potential rivalry for Tropicana, the latter having its own Iskandar projects.

Market observers said there should not be any conflict of interest given the collaborative possibilities for both companies ... collaborations are highly likely. It is better for both companies to have the same shareholders overseeing the projects. This would create healther competition than if other companies came in.

However Tan’s move could raise some questions on Tropicana’s direction. Some may be confused about where Tan Sri’s focus is now until there is more clarity on what this means for Tropicana.

Tan’s move will enable him to gain controlling stake in Albedo, a steel and raw materials trader.

Albedo has signed a MOU with Tan’s private company, Temasya Cergas Sdn Bhd, to purhase the land in Iskandar, settled via the issue of Albedo shares. Albedo had agreed to a S$774mil (RM1.96bil) takeover deal. It planned to issue 34.55 million new shares at2.24 Singapore cents (5.7 sen) per share to Tan’s Infinite Rewards Inc, which equals 95% of the enlarged Albedo’s stock.

Albedo will then use the proceeds to buy Reflections Oasis Inc, a subsidiary of Infinite Rewards. Infinite Rewards is reported to be acquiring seven parcels of land in Malaysia for commercial, industrial and residential development.

http://hongwei85.blogspot.com/2013/09/tropicana-asset-rich-but-tight-cash-flow.html

Posted by Grandma > 2013-09-27 15:55 | Report Abuse

Iwalk, check ur email notification.

Posted by lwalk > 2013-09-27 15:57 | Report Abuse

received!

Posted by Grandma > 2013-09-27 16:02 | Report Abuse

If they solve the gearing and interest expense, they are sitting on a pot of gold with the southern Landbank.

Posted by Grandma > 2013-09-27 16:03 | Report Abuse

Buy in only if you believe. Don't do it if u do not understand!!

Posted by nightshade > 2013-09-27 16:32 | Report Abuse

I have a feeling that, the results of the de-gearing & the interest expense process will consume some time, but how can we track the progress of the team on these issues apart from relying on the quarterly results?

Posted by gerimis > 2013-09-27 16:49 | Report Abuse

Award to be given to Tropicana for the most consistent daily closing price at Rm1.54.

Posted by KAHFIEHLAI > 2013-09-27 20:19 | Report Abuse

Grandma can i have the so call notification..??..my email kflai5001@gmail.com
Thanks

Posted by anbz > 2013-09-28 18:38 | Report Abuse

TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 27 Sept 2013
Category Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No TC-130927-5B95B

Information Compiled By KLSE

Particulars of Director

Name DATO' KHOO POH CHYE
Address NO. 21, JALAN USJ 18/4A
UEP SUBANG JAYA
47630 SUBANG JAYA
SELANGOR DARUL EHSAN
Descriptions(Class & nominal value) ORDINARY SHARES OF RM1.00 EACH
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
27/09/2013
298,500
1.533
----------
if he likes to dispose even at 1.53...don't buy or hold above this price!!!!

Posted by anbz > 2013-09-28 18:39 | Report Abuse

298,500 units out of 451,800 on friday 27th september...blow u all...hehe...many more to come...die die die

Posted by anbz > 2013-09-28 18:42 | Report Abuse

why grandma so confident amid disposal activities by directors and esos ...non-stop ... hehe very puzzling? ...i see someone is trapped

Posted by anbz > 2013-09-28 18:43 | Report Abuse

89 cents...hopefully will come...got many signs ...

Posted by Fortunebull > 2013-09-28 19:20 | Report Abuse

Waiting at 70 cents!

Posted by robbin65 > 2013-09-29 22:00 | Report Abuse

89 sen?! and 70 sen?!, happy waiting and take your time! Regards.

Posted by ysleong8 > 2013-09-29 22:25 | Report Abuse

Share price dropped from 1.93 to 1.54 in 3 months doesn't look good. Mgt didn't give any explanation to shareholders. Very disappointing lah Somebody advised to sell at 1.77 Luckily I followed

Posted by Fortunebull > 2013-09-30 12:40 | Report Abuse

Ha! Drop 2 cents! Confident to get at 70 cents!

Posted by Saturn > 2013-09-30 13:14 | Report Abuse

I am back!!!! ....

Posted by Saturn > 2013-09-30 13:15 | Report Abuse

70 cents??....u want to sell ? Kakakaka

Posted by nightshade > 2013-09-30 16:49 | Report Abuse

finally moving.....but downward direction

Posted by nightshade > 2013-09-30 16:50 | Report Abuse

apa ini, last minute...

Posted by anbz > 2013-09-30 17:41 | Report Abuse

new low.... :) sorry for holders...no hard feelings ...i'm at the opposite...waiting for our chance...in stock...u must follow the directors action either buyin or sellin (they all jual gila2) ..except if there is a new substantial shareholder comin...but most of u just wait and wait...see what has happen...bukak lah mata besar2

Posted by Fortunebull > 2013-09-30 17:42 | Report Abuse

Directors selling! Waiting at 70 cents!

Posted by anbz > 2013-09-30 17:47 | Report Abuse

that 1.51 is new low since 9/5/2013...from chart, if 1.50 cannot be defended, 1.01 will be new bench mark ...u can ask OTB...if u don't believe...it's so easy to read the chart..unless the price moves against it

Posted by member41 > 2013-09-30 17:55 | Report Abuse

both albedo and trop down... why

Posted by Saturn > 2013-09-30 18:01 | Report Abuse

If drop 1.01 I call u taiko...if not anbz u cal me taiko....how about that....?