The price offered for PJD... under the OLHs OSKs PJD RPT..... vs its valuation bla bla was said to be lowly.... got lots of @&#/£€÷ from OTB.... lost badly..
valuation can all be made up with changes in assumptions but it's just more difficult with concessions which has all the terms in black and white. n more importantly, seems like Rozali more interested in benefiting from Triplc side. so better follow him than go against him
good jump in price today bcos of results. but what happens now until the announcement is probably just noise. the ultimate value will hinge on the offer. for those who enter now the risk is much higher than those who enter below RM2.00 or RM1.50. please set your own stop loss level, if it can go up fast, touch wood it can come down just as fast
don't worry, nothing has happened (touch wood). only thing that happened is more esos has come into market and their cost is very low (1.00-1.10) so selling at any price they would still pocket a good gain. another thing to monitor is that puncak has bounced from its low point, it may mean something, it may not. if u know the value of the company, just stay vigilant to any new developments and it shd b fine. in fact daring ones could even buy more to position for announcement next week, but not too much (probably not more than half of what you already have). don't b too greedy...
Write a comment..We refer to the announcement dated 18 April 2016 in relation to the Heads of Agreement (“HOA”).Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcement.
Given that the time frame as stated in the HOA and non disclosure agreement (“NDA”) are due to expire on 17 August 2016, both the Company and Puncak Niaga had on 17 August 2016 mutually agreed to extend the HOA and the Due Diligence Period under the NDA for a further period of three (3) months, until 17 November 2016 to facilitate the on-going discussions and negotiations of a potential acquisition of the businesses of TRIplc by Puncak Niaga.
The Company will make further announcement if there is any material development to the HOA.
if the deal is aborted, then no need to extend discussion. So the only reason is to extend the deal is because of Puncak is a "must" want to buy over Triplc, but Triplc company not satisfy with the offer price. Soon they will made up the final deal, probably within a month or 3 months, who know ?!
Write a comment.. TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Proposed Disposal Of Land Measuring Approximately 338.67 Acres Located In Bandar Sungai Buaya, Mukim Of Serendah, District Of Ulu Selangor, State Of Selangor Darul Ehsan ("Proposed Disposal")
TRIPLC BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description Proposed Disposal Of Land Measuring Approximately 338.67 Acres Located In Bandar Sungai Buaya, Mukim Of Serendah, District Of Ulu Selangor, State Of Selangor Darul Ehsan ("Proposed Disposal") Reference is made to the announcement by TRIplc Berhad (“the Company”) dated 21 September 2015 on the Proposed Disposal.
The Company would like to update the Exchange that the negotiation on the Proposed Disposal has deviated from the original understanding and the Company has not reached an agreement to the terms of the Proposed Disposal. On 19 August 2016, the Company has issued a letter to Worldwide Holdings Berhad ("WHB") informing them of the same.
The Company has on even date instructed its solicitors to refund the earnest deposit with interest to WHB immediately.
This announcement is dated 19 August 2016
Announcement Info Company Name TRIPLC BERHAD Stock Name TRIPLC Date Announced 19 Aug 2016 Category General Announcement for PLC Reference Number GA1-19082016-00040
latest developments were very disappointing. the price has dropped to an attractive level but the fundamental value also has dropped. have to revise the approach now
Currently, Puncak lack of core profit generating business. As long as no overpaid, any acquisition with fair price and high return of equity will be accretive to Puncak.
Abort of land disposal to worldwide by triplc will further increase its value for acquirer, Puncak, as cash is no problem for Puncak, assets with valuable land in triplc may offer Puncak to develop property by itself in order to extract higher value.
imo yes chances of a full take over has increased but not by much. first, it's quite a big piece of land, unless puncak wants to venture into property development, it doesn't make much sense to buy that land. 2. for takeovers, land surely will be revalued. unless Puncak wants to pay a high price for takeover, if not likely the offer will not be fair, and since the price has hit as high as 2.40, it's hard for advisers to spin it as reasonable either (if offer below 2.40). my biggest concern now would be if puncak offer good price but pay in shares, then it's swapping a deep value asset for another (instead of realising it in cash). but that could be tricky as well as puncak shareholders won't be happy either if the company sits on cashpile and issue shares that dilute their shareholdings
Share price of Triplc have almost reach a level before HOA agreement with Puncak signed 4 month ago.....further downside risk very limited, but, with high odds to rebound back once take over eventual materialize. :D)
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....
ragrag
50 posts
Posted by ragrag > 2016-07-29 18:59 | Report Abuse
huge profit...where the hell the got the profit....