Posted by r°Moi > 2016-12-27 12:20 | Report Abuse

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Why not.... also ask PBB... not to act independently?


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Posted by AhSeng > 2016-12-27 13:18 | Report Abuse

Knn . Bo lat triplc. T5 Tak jalan jialat lioa

Posted by CaoCao > 2016-12-27 17:59 | Report Abuse

R.I.P.

Posted by r°Moi > 2016-12-28 08:38 | Report Abuse

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Sell TRIplc...... move over to buy Puncak to have exposure to TRIplc.... at RM 3.00

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Posted by jc8888 > 2016-12-28 16:03 | Report Abuse

Sell Triplc...... celebrate Chinese New Year...... huat ah

Posted by dompeilee > 2016-12-28 18:41 | Report Abuse

Wow! 1.89 only!!! Where's hng33???

Posted by Ultramen > 2016-12-29 09:37 | Report Abuse

offer offer, but no volume

Posted by AhSeng > 2016-12-29 22:31 | Report Abuse

Time to rebound lioa.knn

Posted by sell > 2016-12-30 12:37 | Report Abuse

hng33 bought above RM 2 need to find Ah long to settle debts?

Posted by dompeilee > Dec 28, 2016 06:41 PM | Report Abuse
Wow! 1.89 only!!! Where's hng33???

Posted by AhSeng > 2017-01-01 10:29 | Report Abuse

Mai kia laI lah.kiKi

Posted by kahhoeng > 2017-01-01 15:50 | Report Abuse

it's full of joke, TRIPLC announced selling to Puncak for 3.10 per share, but the director is selling at way below that and the share price is now 1.87. Meanwhile, Puncak is trading at 0.895 while cash per share is 2.50. TRIPLC deal is to exchange share that's worth 3.10, but will minority shareholders be able to collect the 3.10?

Posted by davidkkw79 > 2017-01-01 15:58 | Report Abuse

Where u get rm 3.10 ? Any directors from triplc or puncak telling u?

Posted by kahhoeng > 2017-01-01 16:20 | Report Abuse

Puncak offer to buy at 210 million, there are 67.8 million shares of TRIPLC, that's equivalent to 3.10 per share.

Posted by Jay > 2017-01-01 19:14 | Report Abuse

the price seems weak now, possibly a lot of traders selling because they know the deal won't be completed soon

if triplc price doesn't recover by then or no special dividend is paid, even higher chances that triplc shareholders will reject the deal. rozali and puncak will be the biggest loser if the deal fails. puncak will continue to bleed, after all the new plantation biz is also still loss-making

Posted by little_snake > 2017-01-01 23:36 | Report Abuse

if they dont really come out with a good solution, it would be nightmare for them. kikiki

Posted by AhSeng > 2017-01-03 02:38 | Report Abuse

Gives some more times to triplc . Should coming

Posted by AhSeng > 2017-01-03 15:47 | Report Abuse

Vol ada Sikit lioa

Posted by kahhoeng > 2017-01-03 19:36 | Report Abuse

jay, I am a Puncak shareholder, and frankly, I don't want Puncak to buy TRIPLC, I would rather Puncak taken private at 2.50 per share or, even better, have the whole company liquidated, at least 3 per share...

Posted by AhSeng > 2017-01-03 22:41 | Report Abuse

Sekarang triplc ada peluang bukan Puncak.

Posted by Jay > 2017-01-03 22:53 | Report Abuse

I can sympathise with puncak shareholder frustration but you must also think logically.

i know puncak previously has net cash of about 2.50 but at what price could have rozali privatised puncak? anything below 2.50 people will be screaming at him for not making a fair offer (especially previously when people are still hoping the price will rebound). anything close to 2.50 then basically rozali pay 2.50 to get 2.50 cash and a loss making biz. it just doesn't make sense

and it's clear as day by now that puncak will continue to stay listed. puncak has spent ~500m in buying a young plantation and will incur more for planting cost. the cash is depleting fast. so if it's clear puncak won't be privatised, then why not hope for a biz which will drag it back to profit?

personally I think triplc is worth more than 3.04 per share but unlike some other shareholders, I'm not all negative about it. as much as I dislike the stingy offer, I'm aware that it is the closest to a win-win solution. if the deal is completed, puncak will reap all the benefits I highlighted in the puncak article, puncak remains rozali's flagship company and triplc shareholders effectively get RM3 a share, still 25% higher than previous high of 2.40.

related party transactions need to take care of both sides and I think the deal is already skewed towards puncak's favour to appease frustrated shareholders

bursa is littered with loss-making company with high net assets. puncak is a lost cause until it can return to profitability. only way back now is to acquire companies like triplc which can provide immediate earnings boost

Posted by little_snake > 2017-01-04 22:31 | Report Abuse

dont take over then wait puncak at 50c... or even lower

Posted by firehawk > 2017-01-04 23:12 | Report Abuse

probably, most of the Triplc share holders (if not all) will vote for the proposal ....

Posted by Jay > 2017-01-06 11:18 | Report Abuse

that's probably what rozali is betting on as well. if last minute in circular give special dividend even higher chances to pull the deal through

Posted by kahhoeng > 2017-01-07 20:58 | Report Abuse

Jay, were you sent by Rozali or investment banks trying to push through the deal? You are full of craziness... Puncak has a net asset of 3.41 and cash of 2.50 NOW before any plantation deal or TRIPLC deal being completed. If Rozali don't want to give 2.50, give the company to me, and I will give 2.50 to every shareholder after I appoint asset management company to sell off Puncak's other businesses and lands+properties. I believe, after paying everyone 2.50, I will be left with at least 0.50 per share from garage sale, that's RM 250 millions easy money! I'm not greedy, if Rozali want to push through the TRIPLC and plantation deal, let me GO by capital repayment of 2.50 in exchange for share.

Posted by Jay > 2017-01-08 01:33 | Report Abuse

@kahhoeng
you are just crazy. it's your wounded pride talking now that you realise your so called net asset investing method doesn't work and your misguided optimism has mislead so many Puncak shareholders. not only losing your pants but caused many other as well

is pointing out the reality wrong or you prefer to remain in your la la land? in case you haven't noticed, my articles are the biggest obstacle and most possible reason for the deal to fail after I pointed out Triplc value. as it is, Triplc is more likely to reject Puncak rather than the other way round

besides, all my articles I presented different scenarios and the possible risks to let readers make informed decisions. can you say that you have done the same for Puncak shareholders?

if Puncak is worth RM3, why would Rozali want to share with you RM2.50 and only keep RM0.50 when he can control the whole RM3? plus go get your figures right, RM2.50 net cash is in the past, plantation deal doesn't need shareholders' approval, the ~RM500m cash is as good as gone. it's plantation land instead that you get

complain here and there without even knowing your facts or listing regulations. I already shared in the Puncak page that Rozali doesn't look like will privatise Puncak any time soon and there's no such thing as capital repayment to selected disgruntled shareholders. and keep complaining to SC won't work when you don't know what you are talking about. anyone in SC with half a brain will see that Triplc non-concession assets net of debt already close to RM210m, it's Triplc's shareholders that need protection not some childish Puncak shareholders that cannot look past the net cash and ignore the fact that market despise loss making companies

you can choose not to trust a word that I say. if so, go pick up some listing regulations or go research those companies with high net asset or high net cash and see why most of their share prices don't reflect it. in the meantime, all your complaints and grumbles are just barking up the wrong tree

Posted by Jay > 2017-01-08 01:34 | Report Abuse

"You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.” - Harlan Ellison

Posted by stockraider > 2017-01-08 12:53 |

Post removed.Why?

Posted by stockraider > 2017-01-08 13:01 | Report Abuse

Raider says buy bcos....Rozali would not miss a chance for a feast mah....!!
Even fail no worry, bcos Rozali will try to bribe his way the 2nd time, he will not let an opportunity to make big $$$$$$$ to miss mah.!!
After all, it is all paid by Puncak mah...!!

He will try to bribe his way thru loh;

1. Puncak side he is like ly to give Rm 0.20 to Rm 0.30 dividend.
2. On Triplc side raider suspect Rm 0.50 to Rm 1.00 div mah.

So if that is the case, got chance or not to success leh ?

HIGHER CHANCE LOH....!!
THE GAME CHANGER IS TABUNG HAJI SUPPORT LOH...!!
JUST GO AND KAUTIAM TH SENIOR OFFICIAL LOH...!!

Posted by Up_down > 2017-01-08 16:44 | Report Abuse

Be realistic while dealing with Rozali. No bumper dividend No talk. Vote "NO" if Nil special dividend or quantum less than RM 1.00.

Posted by r°Moi > 2017-01-08 16:46 | Report Abuse

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Be very clear... your success your pride in your "successful" investment in TRIplc... is wholly based on rosali being sneaky.... and at the expense of PUNCAKs minorities....

Posted by r°Moi > 2017-01-08 16:47 | Report Abuse

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Not much difference from people who were :successful" due to 1mdb...


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Posted by r°Moi > 2017-01-08 16:52 | Report Abuse

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Shame on you.........

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Posted by kahhoeng > 2017-01-08 19:01 | Report Abuse

If I vote NO, there's still chance 2.50 cash is still there... like I said, if Rozali so confident about the value, honor a 2.50 capital repayment in exchange for share to minority shareholders. He can laugh to the end at the expense of us leaving the boat at a big discount to book value and forgoing such a 'great' business opportunity

Posted by firehawk > 2017-01-08 20:56 | Report Abuse

those wrote shame on whom /not much difference of successful due to 1mdb ... should make a review of itself first, bot rzl puncak and hope for making money is very noble? very clean? no shame? not like 1mdb?

what a joke!

Posted by dompeilee > 2017-01-11 12:51 | Report Abuse

hng33 still not back from 'overseas holiday'?? lol I think IF this goes back above 2.10, he will start being active here again lol

Posted by DK66 > 2017-01-16 10:15 | Report Abuse

What could be the reasons for triplc trading at more than 50% discount ? worry the deal may be called off ? or no special dividend ?

Posted by AhSeng > 2017-01-18 11:05 | Report Abuse

Lai lioa triplcccccc

Posted by AhSeng > 2017-01-24 00:15 | Report Abuse

2.00 besok Boleh bo

Posted by Jay > 2017-01-24 07:39 | Report Abuse

just went to Puncak page and saw those sore shareholders still trying to write in to SC and complain. I won't correct the apparent flaws of the letter (not my job anyway) but any SC guy with a few years of capital market experience would toss the letter away after reading a few para

Posted by DK66 > 2017-01-24 14:06 | Report Abuse

Jay, in your opinion, what is the likelihood that Triplc distributes more than 90% of the proceeds ?

Posted by Jay > 2017-01-24 14:35 | Report Abuse

very slim. based on proforma net assets, retained earnings after completion will only be RM137m or around RM2 per share. if they really want to distribute more than that, they need to go to shareholders and high court again for capital reduction (since they didn't announce capital reduction as part of the proposals). so if there is any dividend, it's more likely going to be below 50% of proceeds

it's still possible for them to announce a dividend but it's safer not to assume any at this juncture, just peg the share price at a discount to the RM2.99 cash value to decide if it's worthwhile to enter

Posted by DK66 > 2017-01-24 14:53 | Report Abuse

Jay, Thank you

Posted by davidtslim > 2017-01-25 17:59 | Report Abuse

Jay: just to confirm dividend declaration for a PN16 company need to depend on retained earning? TRIPLC may improve further their retained earning in coming two quarters.

Posted by AhSeng > 2017-01-25 19:10 | Report Abuse

Untung lebih Sikit saja

Posted by Jay > 2017-01-25 19:20 | Report Abuse

no company can declare dividend more than their retained earnings. but if the company really wants to pay, they can always go for capital reduction

yes the retained earnings may improve in coming quarters but probably not by a lot as Z1P3 just started work. more importantly is the intention of the board whether to declare dividend and by how much

Posted by DK66 > 2017-01-26 00:16 | Report Abuse

Jay, my opinion is that triplc shareholders except Rosali would probably only agree to the deal if they could cash in on their investments, rather than letting the cash stay with the company waiting for the next acquisition which may be worst than its current businesses. Why sell off low risk concession businesses at low price to foray into an unknown future ? Possible for a revised proposal to include capital reduction to distribute 95% proceeds, and left 5% to let the company stay afloat for future RTO (like in the case of tecnic) ??

Posted by firehawk > 2017-01-26 09:11 | Report Abuse

some small shareholders of Puncak, lead by a knowledgeable person, are going to meet SC to block the deal ... may be they can't get 2.50, but, if they can block the deal, is considered successful .....

Posted by Jay > 2017-01-26 12:16 | Report Abuse

it is possible to propose dividend to make shareholders happy and vote yes, but how much will also be uncertain.

factors to consider is rozali hold on paper 20+%, so how many shareholders who are actually his proxies? and so far Triplc highest hit around 2.50, which means at 2.99, no one actually loses money so there are also shareholders who will vote yes.

it all depends on how confident they are in pushing through the 75% threshold. the less confident they are, then higher chances of good dividend

Posted by Jay > 2017-01-26 12:36 | Report Abuse

@firehawk forgive me for being crude, but your so called knowledgeable person has no idea of listing regulations and the role of SC, probably just some young kid who got burned bad in Puncak

I already mentioned multiple times:

1. SC can't interfere with biz decisions unless there's violation of securities law, even those takeovers which are unfair SC can't block it but have to leave it to shareholders to decide

2. the build in safeguards are appointment of independent advisers and shareholders' voting. SC again can only interfere if you can prove these mechanisms have failed, which means a fundamental revamping of listing regulations is in order

3. no such thing as SC impose capital repayment, if got such thing, minority shareholders of BJCorp would have done it long time ago. the foreign funds who invested in icap also won't get frustrated so many times to get Tan Teng Boo to pay them off

most laughable of all, I don't think they realise Puncak's circular is supposed to go through SC anyway. which means whoever the junior guy that the Puncak shareholders met up with has no idea what he's doing. probably will get scolded by his supervisor cos it would be seen as interfering with other SC department's work

in recent cases, the only one who got 'tendang balik' by SC was Cliq, citing incomplete documents and so in the end they couldn't make it before the 3 years SPAC dateline. Puncak doesn't have a dateline like SPAC, if incomplete document they will just make it complete, SC can't delay them forever. those who observed OSK's case will know what I'm talking about

Posted by davidtslim > 2017-01-27 00:44 | Report Abuse

Jay: I give thump up for your knowledge in listing regulation and strong analysis skill in share investment. Moreover, you also willing to share your view and knowledge. I know before your sharing that SC won't and not be able to propose capital repayment for any counter as no such thing in their role and capital repayment all depends on board of directors decision. One funny thing is Puncak got cash of RM2.5 per share, even director willing to propose capital repayment, they won't pay all of their cash to shareholders or selected minority shareholders. One must think logically and back to realistic in share investment.