Nowadays most PPL go to goreng penny stocks, they prefer daily up down 20~50% above, this kind of slowly fundamental value stock....not much people pay attention to it.
nowaday where can get such as cheap market value of property or construction company with its market value even not more than 100 millions ?! It is too cheap of TRIPLC
agreed. esos around 2 milllion and not to mention other shareholder who want to lock in the profit.i still confident on this share 1,land sale 2 new and existing concession 3 possible takeover by puncak niaga.
even there is 2 million sth esos, so far not much subscribe and sell in the market, so i pretty confident sth good is coming and looking at current trading mode i think someone is collecting the share.
This is the tricky part. Why Puncak did not announce a price to take it over immediately rather than let the public know its long process to do the assessment? It could be the insiders wanted to play a fool with minority shareholders or trying to accumulating shares slowly before announcing the final acquisition price.
the price is the tricky part i think , first the company had some few land and one is pending for selling, second, what is the right price for the existing and upcoming concession, johari only own portion of the company, i think the other shareholders sure will jealously safeguard their own interest furthermore johari also benefit is the takeover price is good. my two cent opion tq
Currently TRIPLC market cap is around 115 million. No matter what is the share price of TRIPLC at the end of the day, the cost for Puncak to acquire asset or the whole company will be the same.
If there is going to be any deal between Puncak and Triplc, I don't think minority shareholder will reject the offer. TRIPLC is deeply undervalued. Even if the price is 250-300 million, it is still a nice deal for both minority shareholder as well as Puncak.
TRIPLC do not pay dividend. If Puncak deal fails, TRIPLC can easily become a value trap. As for Johari, after the deal he still has control over the new entity, plus a large amount of cash in his personal account, so why not ?
just grab more in order to prevent major shareholder has chance to offer lower take over price. The more we grabs, the higher possibility it higher take-over price.
The offer should come from Puncak. Once the land disposal is completed, NTA should be around RM 3.5 rather than RM 2.32. Land Disposal will come with RM 100 million profit. That will add around RM 1.3 to NTA. I would prefer Puncak to offer to buy the whole company. If Puncak offer to buy asset only, then we will need to wait longer to collect our harvest.
Reason: They may used the Shares they bought lately and the exercised ESOS to push down the price, so that the last low price shall be their privatized price without affecting their existing shareholding. Am I right ?.........................
There are another possibility here..... puncak to become substantial shareholder only although i don't think it's a bad idea after all as they can use the puncak money to fund the triplc medical project.
point to note is that if Puncak buy both the new phase 3 contract and the existing phase 2, triplc most likely will drop into affected listed issuer category as they don't have any real biz anymore. anyway if this transaction happens, it will most likely be a major disposal, meaning that triplc will need to get 75%shareholders approval (excluding Rozali portion). Bottom line, they need to make it attractive for triplc shareholders to support the deal. I'm expecting at least RM2.00 with special dividend thrown in. But the potential trap is they may not make it too attractive if not Puncak shareholders will vote no
so with land disposal still in flux, don't get too greedy. for those of us who entered below RM1.50, it's ok to hold on for another 1-2 months. for those entering now, please monitor the status of the HOA. If somehow Rozali decides to buy it cheap, better get out fast
My personal opinion, I strongly believe Rozali will take this golden opportunity cash out with attractive offer to TRIPLC and laughing his way to the bank with enormous profits yet still in full control of "The Goose That Lays the Golden Eggs" ...Sure win situation for him.
my chinese not so good, pls comfirm is below statement correct? 1) 66,446,085 no of share and RM115,000,000 market capital 2) RM60,000,000 cash 3) received 2% of RM140,000,000 sale of land, cost about RM37,000,000, 2nd half of 2016 will complete the transaction 4) after land sold, cash is about RM200,000,000-RM300,000,000, highly possible pay dividend 5) 18/4 signed agreement with puncak niaga. cash will increased to RM3.5-RM4.5
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....
tjhldg
27,218 posts
Posted by tjhldg > 2016-05-17 17:19 | Report Abuse
Yups