Accumulation completed, range from 1.82 to 1.88. with today batch and earlier batch at 1.51, average portfolio triplc at about RM 1.665 and have become portfolio largest top stake
Next month, Triplc will report Q4 result, and will see maiden profit contribution from construction UiTM-ZIP3, a teaching hospital and medical college under 25 year concession. Expect Triplc EPS to leap frog higher compared to preceding Q3 result.
Remark: In previous corresponding Q4 result 2016, Triplc record massive EPS 25.5sen due to additional construction profit from earlier UiTM-ZIP2
First if dispose to Puncak for RM 210m, triplc will reap massive one off NETT gain RM 2.04/share and potential declare special dividend 50sen to as high as RM 1.00/share. But the drawback is triplc loss lucrative concession UiTM-ZIP2 recurring income and massive construction profit from newly UiTM-ZIP3. The circular detail in regard to disposal is now pending SC approval.
(remark 1 : invest short term for massive gain once disposal and special dividend confrim)
Second, if triplc keep both concession UiTM-ZIP2 and UiTM-ZIP3, triplc profit earning will be at record higher for next 3 year visibility contribution profit from UiTM-ZIP3, massively jump up triplc financial strength from 2017 toward end of next 3 year, 2020.
(remark 2 : invest long term for progressive gain to enjoy increment profit over 3 year earning viability from UiTM-ZIP3 )
@kahhoeng, return from triplc will be much much faster than puncak. Puncak will only provide return after a long gestation period. There will be no option for minorities to pull out now.
chonghai, unfortunately, I don't buy what I don't understand... hng33 introduced several stocks with great price appreciation and do appreciate. unfortunately, didn't invest after reading their annual reports and miss the opportunities...
@kahhoeng Both Puncak and Triplc are in the same situation. Valuable asset at a steep discount to their market cap. For the case of Puncak, the cash pile and for the case of Triplc, Land and Concession. Downside : Management who pay little respect to minorities. Both can be considered value trap.
chonghai, there's huge difference between TRIPLC and Puncak. TRIPLC has projects and NO money but DEBT. Puncak has tons of CASH with no DEBT! I'm not sure about TRIPLC, but Puncak has shown ZERO ability to execute projects within budget! And this is a problem that can't be addressed with the addition of TRIPLC. The addition of TRIPLC can possibly add more losses to Puncak. Otherwise, Puncak share price would never priced below net cash in the first place.
1. If Rozali has NO interest in TRIPLC, would he acquire TRIPLC at such premium?
2. If Rozali is willing to acquire TRIPLC at such high premium with or without self-interests in TRIPLC, I suppose it must means he has GREAT confidence in TRIPLC and won't mind letting scared minorities an option to GO. Like I said, I'm not asking for much, only 2.30 per share, given its cash per share is 2.30 and net asset per share is 3.10. He can laugh to the end on minorities leaving his boat at discount while missing the opportunities to grab GOLD at his decided destination!
Probably TRIPLC shareholders should call TRIPLC directors asking what's they know that minorities don't giving rise to them selling in the market at huge discount
Triplc will report Q4 result soon, and will see maiden profit contribution from construction UiTM-ZIP3, a teaching hospital and medical college under 25 year concession. Expect Triplc EPS to leap frog higher compared to preceding Q3 result :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....
Ckk2266
1,211 posts
Posted by Ckk2266 > 2017-06-06 11:20 | Report Abuse
Sold another batch @ 1.90