RM3.5 million expenses incurred just bec wan to move the business from right to left hand. Is this worth? 3.5 is too much? This time triplc to puncak next time PEB to puncak then Puncak to XXX. Just to suk the money out
It is intended that any utilisation proposed will be with the objective of maximising shareholders’ value. <--- Same like wat RZL told in puncak. So funny. Puncak acquired the plantation at the premium price in the market. RZL is the "expert" in the palm oil industry, u think it is not awared tat puncak actually bought it expensive or else he is not deserved to volunteered himself as FGV consultant ?
I think Hng will tell in the forum he has disposed his shares on monday with slim profit and will buy back once the date of egm has announced. Let see. I bet hng will not hold
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....!!
If you all have experience in trading triplc share, one should have remember the responsive of triplc share perfromance on each approval recently
1. First happen on 2 June, On behalf of the Board, HLIB wishes to announce that Unit Kerjasama Awam Swasta (“UKAS”) had, via its letter dated 31 May 2017, approved the Company’s application seeking the approval of UKAS for the Proposed Disposal.
- Triplc share surge from RM 1.50 to above RM 1.90, up 40sen
2. Second happen on 13 sept, on behalf of the Board of Directors of TRIplc, HLIB wishes to announce that the Company has been notified by PNHB that it has received the approval of the Securities Commission Malaysia for the proposed acquisition by PNHB of the entire issued share capital in TRIplc from PEB, being one of the conditions precedent to be fulfilled by PNHB pursuant to the conditional share sale agreement dated 16 December 2016.
- Triplc share price surge from RM 1.65 to above RM 2.00, up 40 sen
So, from now before completion date, thee will be at least 2 next upcoming approvals require to surge triplc share price
3. Third, Puncak shareholder approval in the EGM to,acquire triplc
- what will triplc share price response?
4. Forthly, triplc shareholder approval in the EGM to dispose to puncak
- what will triplc share price response?
Therefore, there will at least 2 upcoming opportunity to trade triplc, two EGM approval + circular release detail special dividend to reward triplc shareholder, to reap handsome profit within these 9 month period.
Just take note on date release of within these period
1. Circular release by Puncak on acquisition of triplc 2. Notice of EGM set by Puncak 3. Approval in Puncak EGM
4. Circular release by triplc on disposal to Puncak, detail breakdown of utilization proceed 5. Notice of EGM set by triplc 6. Approval in triplc EGM
7. Bursa approval for share exchange 1 triplc: 1 PEB 8. PEB resume listing status of triplc 9. Announcement of completion disposal 10: Announcement of special dividend and ex-date for special dividend
Portfolio have free up some capital from Jtiasa at 1.11, lock profit , swap more capital to buy more triplc at 1.85-1.86, further average down cost triplc below below RM 1.90
Accumulate while share still on weakness, prepare for next round of marked up once another approval is secure either Puncak EGM or triplc EGM. Based on historical, each time approval either UKAS in 2 June or SC in 13 sept, triplc share price response marked up at least 40sen, or more than 20% immediately.
Rolling for next third round of marked up price ahead of approval Puncak EGM and triplc EGM.
Based on exiting stable concession business profit + new source profit from construction another new concession, Triplc at least can deliver net profit RM 30m pa or about EPS 40-45sen based on triplc share capital volume 69m.
Next month Oct, Triplc will release its Q1 result, with higher progress billing from construction concession business, triplc expect to deliver much higher EPS compared to corresponding period.
'support so hard' ---> optimistic 'hard to support' ---> pessimistic
Triplc have high odds to repeat significant mark up again once approval disposal secure in EGM/circular with detail special dividend/ upcoming Q1 excellent result.
Since these expected news is going to happen soon, triplc is classified as 'support so hard' ----> optimistic
Puncak (holding average cost about 73.7+sen) + triplc (holding average cost RM 1.89+), combine both stock now is Portfolio largest stake holding core holding
Dumb dumb hold for next upcoming catalyst for at least 10-20%, circular to acquire earning accretive triplc + EGM
Posted by Jay > Sep 21, 2017 04:04 PM | Report Abuse
thanks for the comments
@hng33 puncak is a riskier choice. if the deal goes though, triplc earnings can sustain them for the next 3 years but I'm not sure how huge their existing operations and new plantation losses will be. young trees literally gives no fruits and revenue in the first few years. if for some reasons the deal doesn't go through, triplc profit will remain strong but puncak will continue to slip into oblivion (which many puncak shareholders don't seem to understand). but I understand your trading rationale, just be aware of the risk
Posted by hng33 > Sep 21, 2017 07:29 PM | Report Abuse X
Thanks jay, I have took profit on Puncak today at 76sen, have repeated trade many round already for handsome contra gain. Now, portfolio still retain some for continue exposure for upcoming EGM.
Portfolio have more triplc stake now at average cost around RM 1.89, awaiting for approval too in EGM with special dividend and await for next month Q1 result in which expect higher construction profit from new concession as progress advancing.
Readers of my blog would probably realise that I have been away from i3 for quite some time, mainly because I was quite fed up with the bickering in the forum where some people are just not interested to put in a logical argument. The same people never contributed anything in the forum yet has the guts to question everyone else’s intentions. For me, I wrote what I wrote because I wanted to share what I know but I don’t owe anyone anything, certainly not those low-lives. So I took my time-off, travelling and enjoy life while seeing my portfolio grew nicely over time.
As Rosi can't vote, Only 18.4% is needed to block the deal. Of the top 30, which owns 78.5%, 10th to 30th shareholders own 15.4%, Only need another 3% from the balance 21.5% minorities. Rosi would have to give a very good special dividend to get the deal thru.
Triplc will release its Q1 result end of these month, expect result to be very GOOD as progress billing from construction of new concession will be in more advance stage.
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 > 2017-09-17 21:46 | Report Abuse
Hng: Like puncak? RM1 but after tat fall like s hit or overpay to other company like wat puncak did to triplc. Market 1.60 but pay at 3.10?