yess later will break RM 2.40 as I am still collecting haha.. later clear RM 2.40 then will be flying, big hammer, tomorrow gap up fly ! No more give chance to those late comer !
zecon disposing 49% of its RM606m university concession for RM155m. that shows you triplc RM599m concession alone should be worth close to RM310m, not to mention the Z1P2 and all its land value. this has again substantiated my previous verdict that this company is seriously undervalued
RM3 is the cap by disposal price but if for some reasons it doesn't go through, we know at least it's still deeply undervalued, I don't expect some scums to understand that. My readers and me make our money from RM1.50 to RM2.38 yesterday while we also make so much more in other stocks highlighted in my articles. all while some sorry low lives can only visit pages of companies they don't own, talk shit but salivating at the returns
First of all no matter what holds our Bursa Saham Malaysia must remain steadfast b4 thinking what next steps to decide.......as many investors are not fully to participate to initiate a strong buy called.
some dishonest puncak advocate and triplc critics slam triplc like crazy then suddenly turnaround and say they make money from it, makes me laugh at the same time wanna womit. mislead others in the past and refuse to acknowledge the mistakes, totally disgusting behavior.
so what if you make money in one stock or two? doesn't hide your other mistakes. we talk about probability and consistency, making more winning investment than losing ones over longer period. those who think that they are smart by making money from one stock, without making due analysis, sooner or later will be the classic example of how to be a millionaire...by starting from a billionaire
while most expects GE to take place somewhere between end march to mid April, there's been a new rumour going around where by the GE will take place early Feb. Hence, the deal should be completed as soon as possible. Time is running out.
But what does that do for the company’s shareholders?
Those waiting for the bounty payout are still waiting. They have not benefited much from the ample cash hoard of the diversified construction and water and wastewater engineering group in recent years.
But questions remain whether the company will reward its shareholders accordingly if it were to gain any cash.
If Puncak Niaga’s share price performance were any indication, there is clearly less confidence in the company rewarding shareholders with a bumper dividend.
The stock has been consistently sliding down the last two years, and is now trading at more than a five-year low of around 67 sen. This significantly undervalues the company, whose cash per share stands at more than RM2, implying a significant discount.
Since Puncak Niaga sold its Selangor water assets to the Selangor government in October 2015, the company’s share price has fallen by almost 70% to its current level. The deal was done at RM1.55bil cash.
Puncak Niaga has since diversified into the plantation and oil-and-gas businesses, but these new ventures have yet to contribute significantly to its bottom line.
Puncak Niaga has cash balances of some RM567.9mil. Aside from that, it has RM420.7mil in marked-to-market short-term investments. Including the short-term investments, this translates to Puncak Niaga having a cash hoard of almost RM1bil.
With a current market capitalisation of RM297.4mil on the back of about RM1bil in cash, Puncak Niaga is trading at less than two-thirds of its actual value.
Puncak Niaga’s debt levels remain negligible at only around RM5.7mil as of end-June 2017. Its light balance sheet notwithstanding, the company has reserves amounting to RM808.6mil.
Its healthy balance sheet is not reflected in its share price. And it’s not hard to guess the reason.
On behalf of TRIplc, HLIB wishes to announce that the High Court of Malaya had, at the hearing on 29 November 2017, granted an order for the Company to convene a meeting with its members in relation to the Proposed Internal Reorganisation within 120 days from 29 November 2017 (“High Court Order”). The sealed High Court Order for the court convened meeting in relation to the Proposed Internal Reorganisation was received by the Company on 11 December 2017.
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....
TA_trader
390 posts
Posted by TA_trader > 2017-11-20 12:20 | Report Abuse
Oooohhh!!! Somebody couldnt collect enough 2.30+ in time. Looking to slow it down at 2.40. Super easy to read.