I didn't file complaint to SC with regards to TRIPLC deal. I have mentioned before I have no idea how to value this company at 210 million. I am a small shareholder seeking to right what's wrong with Puncak cause I'm a minority there. I merely commented here earlier because there's a likelihood TRIPLC might fall into the same situation like I do with Puncak and probably TRIPLC (potential) minorities should be aware too before they consider adding position.
I did mention, however, should Puncak believe in its strategy of the plantation and TRIPLC deals, let Puncak minorities a exit option at 2.30 per share. I didn't ask for much, given Puncak has a NA per share of 3.19 and cash per share of approximately 2.40 (1.1 billion cash with approximately 454 million shares after full conversion).
haha if the deal's off, puncak shareholders should cry cos they will be looking for at least few more years of losses.
meanwhile triplc shareholders can just look forward to coming quarter results since Z1P3 is starting in Q2 and they will start recognizing earnings. they can also sell their land to other buyers at market price instead of the discount now
Jay: Triplc is like a small sticker not even a plaster attaches on puncak wound. It wont make any difference to puncak. Better keep the money and distribute as a dividend to shareholders rather than buying triplc at 3.00++
some jokers can't appreciate the Z1P3 contract and can't differentiate earnings during construction phase and maintenance phase. it's ok, they can go enjoy the oil and gas and plantation losses instead hahaha
The proceeds from the Proposed Disposal, less the estimated expenses to be defrayed incidental to the Proposals amounting to RM3.5 million, will accrue to PEB. As at the date of this announcement, the Board of PEB is still assessing and evaluating plans to optimise the utilisation of the cash proceeds expected from the Proposed Disposal, which may include, but are not limited to, the acquisition of viable assets/businesses and/or a distribution to the shareholders. It is intended that any utilisation proposed will be with the objective of maximising shareholders’ value. Further details on the proposed utilisation of proceeds will be announced and/or included in the circular to shareholders to be issued.
While waiting for triplc to complete in second half of 2017, for disposal and reap net gain RM 2.04/ share, triplc will be start recording construction profit, a guaranteed profit as it is cover under differentiate between concession cost and bond issue,
Therefore, invest now in triplc at 1.51 have minimum risk, and investment time horizon is between 3-6 month depending on upcoming circular which will likely proposed special dividend, the outcome of EGM till the date of completion.
In Puncak latest q result release today, Puncak report state that on 28 April 2017, the Board of Directors announced that the application in respect of the Proposed Acquisition by Puncak Niaga of the entire issued and paid-up share capital of TRIplc Berhad from Pimpinan Ehsan Berhad for a cash consideration of RM210 million has been submitted to the Securities Commission Malaysia.
So many kids in bursa nowadays. People is kind enough to share views & opinions, judge yourself lah, use your brain to make decision, don't use mouth only, I know r°Moi . use his 屁股 only, that's why he always smelt like shit all the time.
Don't ever think others owe you anything & obliged to help you make money in stock market, only stupid people like icon8888, Jay & moneysifu will come to help you, but I pity them lah, they get nothing but blames from idiots & jokers
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....
rogers123
4,018 posts
Posted by rogers123 > 2017-05-02 14:51 | Report Abuse
Kahhoeng effect