SC already approved, Puncak-triplc already secure blessing from authority for win-win deal. Now, pending EGM to be call soon.
Timing is factor, EGM can be call anytime soon. portfolio can't afford to lose opportunity to reap second round potential profit 15-20% more again forward once EGM is called.
I expecting special dividend range 45-60sen to be proposed in upcoming EGM to secure shareholder mandate to approve disposal.
While its impossible to guess best highest selling price to reap maximum profit, but portfolio have absolute freedom to buyback again after sold in order don miss second round and able to continue rolling more.
In stock market, the ultimate motive is to make PROFIT afterall, be in contra period, short term few day or long term few month horizon.
As minority shareholder, we are NOT able to enjoy employee salary, nor director fees, loyalty to particular stock is unnecessary, as long as which stock give good potential return, the capital will go in and out, bear own risk, enjoy own reward.
Offer price at 3.04/share, current price at 1.90. It's so tempting for people to buy even though dividend after disposal is uncertain.
Unless the EGM cannot pass through, otherwise the upside potential is high. But who can predict the result of EGM accurately before the actual result is out?
No matter how is the actual result will be, people already make profit before EGM day. Goreng mode will be activated before the EGM.
"I like to buy the stock which people gave a lot of negative comments.". Just like how pessimistic REACH was, which turn out as a surprise even though much of it's shareholder is regretting now.
Before the EGM is call, circular detail the disposal, potential utilization of amount proceed will presented to shareholder. In previous SPA signed, triplc already highlight one of the possible use of cash is to declare as dividend to reward shareholder. Of course, shareholder have absolute right to opt for dividend or opt to take profit FAST first.
All sky volume in last 2 trading day all absorb at average total transaction cost around RM 1.95-RM 2.00. Now, all pending for next announcement, time awaiting for EGM to be call should be within these few week.
Meanwhile, shareholder also can wait for next month Oct, triplc to deliver first quarter result which will include construction profit from new concession, higher progress billing translate into higher profit.
On behalf of the Board of Directors of TRIplc, HLIB wishes to announce that Pimpinan Ehsan Berhad had on 15 September 2017 entered into a supplemental agreement to the SSA (“Supplemental Agreement”) with Puncak Niaga Holdings Berhad to:
(i) extend the time under the SSA to fulfil or waive the Conditions Precedent from 15 September 2017 to 15 June 2018;
(ii) include that the completion of the Proposed Disposal is conditional upon the completion of the Proposed Internal Reorganisation as an additional Conditions Precedent to be satisfied by the Vendor but not vice versa; and
(iii) arising from the consequential amendments to the SSA as highlighted in (ii) above, to remove from the relevant completion clauses in the SSA, all references to the completion of the Proposed Disposal being subject to the Proposed Share Exchange having been completed.
Remark: extend time for completion up to 15 June 2018. Another 9 more month time. After SC approval already, still need to take time for triplc internal reorganization in which triplc share will exchange to PEB share which will resume triplc listing status.
Risk- time taking, reward - another at least 20% gain potential once disposal is compete with potential special dividend.
stockraider: REMEMBER THIS LOH...TRIPLC IS BOUGHT OVER BY PUNCAK AT RM 3.10 CASH PER SHARE....BUT MONIES ARE NOT PAID TO TRIPLC, BUT PAID TO ROZALI LOH...!! <------- Don't Understand this !
ALL THE CASH FROM PUNCAK ROZALI MASUK POCKET SENDIRI....!! .... this especially
Isnt there PEB to receive the money?
Care to elaborate properly?
stockraider REMEMBER THIS LOH...TRIPLC IS BOUGHT OVER BY PUNCAK AT RM 3.10 CASH PER SHARE....BUT MONIES ARE NOT PAID TO TRIPLC, BUT PAID TO ROZALI LOH...!!
THE SHAREHOLDER OF TRIPLC GET STUPID NEWCO SCRIPS IN EXCHANGE LOH...!!
ALL THE CASH FROM PUNCAK ROZALI MASUK POCKET SENDIRI....!!
That is only if shareholders with total 81.5% ( including Rosali ) willing to waste the RM210m on buying a lousy business only to take advantage of the remaining minorities with only 18.5% shareholdings.
It needs approval from 75% of the remaining shareholders, excluding Rosali, to get the current deal approved. Anyone think the deal can get thru with no special dividend ??
If peb no declare any special dividend to persuade 75% of shareholder to approved the deal. Puncak share price will dumb first. While Triplc will need time to shows it true value. Special dividend wil Masuk rozali pocket also, at the same time puncak share price wil recover in futures as well. As a major shareholder of both company, what will U do if u r rozali?
TRIPLC NO MENTION OF SPECIAL DIV DESPITE SELLING ITS CORE ASSETS AND BECOME A LISTED SHELL WITH CASH HOARD.
IT IS JUST LIKE A MINI PUNCAK LOH....!! RAZALI, WILL BUY LOUSY ASSETS WITH MARK OUT VALUE TO STRIP CASH TO MASUK POCKET SENDIRI LOH...!!
U NOTICE, THIS IS THE BUSINESS MODEL OF PUNCAK, STRIPPING CASH THRU OVERVALUE ASSETS INJECTION AND PAYING HIMSELF VERY HIGH SALARY FOR DOING NOTHING OR DOING SOMETHING DAMAGING THE COMPANY LOH...!!
No worry Stockraider, if Triplc does not propose special capital return during EGM, I will vote against it. Just 25% of vote will be enough to abort the deal
Do stay cool pending announcement of utilisation of the disposal proceeds. I believe Rozali will not disappoint supportive shareholders including his gang.
Actually it is 2 tier votes...beside independent shareholding majority votes...there is another shareholders voters counts required to support loh...!!
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.
Therefore, from the SPA signed, triplc alrdy state it will distribute cash proceed from disposal.
The actual quantum of amount to be distributed as dividend however need to wait for upcoming circular, actual figure breakdown of RM 210m proceed from disposal will presented to shareholder for shareholder approval in EGM.
Just assume the MOST conservative payout of just 15% to be distributed, it will translate into special dividend 45sen per share. What if triplc adopt even higher payout to be disputed? 20%, 30% !?
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Posted by hng33 > 2017-09-14 12:10 | Report Abuse
Triplc share price will regain momentum once circular is dispatch for shareholder, call EGM
remark: SC already approved, now pending last condition precedent, EGM call, shareholder approval