Show you guys another hidden gem held under BPURI. The market has missed out or overlooked this winning arbitration of a total RM950mil claimed from National Highway Authority of Pakistan.
That is why Warran Buffett or veteran investor MR.FongSiling(coldeye) always earnlestly urge fellow investors read and find the unpolished gem in company's annual report and quarterly report instead of listening to rumours or tipping.
If you read BPURI quarterly report consistently, you will find out the company's had concluded court listening and won the arbitration since finalast quarter of 2016. The company has shown out the below massage at recent quarter reports under B8 chages in materials litigation (page14).
This RM950mil claims is equal to approximately RM3.50/share of Bpuri. It's about 90% discount to current share price RM0.38/share. Thus, all the seller or speculator deserve a THANK YOU from buyer who bought BPURI below 50cts since beginning of this year.
This is the answer for you, before this, you might be wondered why the company directors or staff willing to subscribe ESOS at above market price.Nonetheless, you could see value investor non-stop accumulating this company.
Please count how many gems I had debunking from Bpuri. You can verify yourself all the details at bursa malaysia or analyst.
************************************************** 2. Bina Puri Pakistan (Private) Limited (“BPPPL”) v National Highway Authority of Pakistan (“NHA”) BPPPL had filed an application under Section 20 of the Arbitration Act, 1940 of Pakistan Court to refer the disputes out of the unlawful termination of the concession agreement by NHA to Arbitration. The Court in Pakistan had directed the parties to proceed with arbitration where BPPPL has claimed Pakistani Rupee (PKR) 26,760,300,964 (RM950 million approximately based on PKR28.2 to RM1) from NHA as damages (including loss of profit), interest, cost and expenses. The arbitration has been concluded, pending Oral Submissions before award to be delivered by the Arbitrator. The estimated maximum exposure to liabilities is minimal as no counter-claim was filed by NHA against BPPPL. The exposure to liability would be in terms of cost and expenses incurred in bringing the matter to arbitration, including commitment to the contractors and consultants engaged, both local and in Pakistan. According to BPPPL’s Solicitors, there is more than average probability that BPPPL has a strong case with a reasonable likelihood of success.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINA PURI HOLDINGS BHD ("BINA PURI" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN BINA PURI ("BINA PURI SHARES"), REPRESENTING NOT MORE THAN 10% OF THE ENLARGED NUMBER OF ISSUED BINA PURI SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
BINA PURI HOLDINGS BHD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description BINA PURI HOLDINGS BHD ("BINA PURI" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN BINA PURI ("BINA PURI SHARES"), REPRESENTING NOT MORE THAN 10% OF THE ENLARGED NUMBER OF ISSUED BINA PURI SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT") We refer to the announcement made on 13 November 2017 in relation to the Proposed Private Placement (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of Bina Puri, TA Securities wishes to announce that an application to Bursa Securities for the listing of and quotation for the Placement Shares on the Main Market of Bursa Securities has been submitted on 14 November 2017.
Based on track record and performance, I think Tee's family is highly credible entrepreneur. So no doubt to believe what Matthew mentioned this morning.
Tee's business acumen and capability to seize every opportunities in future trends was revealed in the company's achievement. In past decade, Bpuri had effortlessly built the empire with recurring income stream, which is LATER expressway and power plant in Indonesia. The former going to breakeven this year and the lattar is generating handsome profit now.
Today, Tee was mentioned renewable energy...Don't miss the boat.
Normally will quit when they start asking $ either private placement or right issues and without good records. At best good for speculation only. Sayonara and good luck.
More to come, strong ringgit indicates strong market confidence to Malaysia economy, election sentiment shouldn't be discounted too. Reminisces post GE13, when BN won the election, FBMKCLI soared up to 132points on 6 May 2013.
good. calvin stocks so far bpuri is the best results . bpuri will limit up. you see muiind lost like hell but the price still can maintain . so bouri original already improve net profit up more than 100% . sure will break 50sen soon just hold and wait the money
Lower revenue, higher profit but lower NTA and no div. Self interpreted. Unless speculative play or support by major SH to avoid lower price for private placement, it should stay lower as minority SH have not been rewarded despite billion of revenue.
I bought a bit of this stock as the current price is low, but who know when the price will up? Good for long term investment? I think this is "high risk, high return" stock.
KUALA LUMPUR (Dec 18): Bina Puri Holdings Bhd bagged a project from Malaysia's Energy Commission to develop a 5MW solar photovoltaic plant in Kunak, Sabah under the commission's large-scale solar plant initiative.
In a statement today, Bina Puri said it secured the project through its wholly-owned subsidiary BP Energy Sdn Bhd. Bina Puri said BP had on Dec 4 this year accepted the commission's letter of acceptance for the project.
Today, Bina Puri group executive director Datuk Matthew Tee Kai Woon said: “We are indeed very positive and planning to add more solar farms and mini hydro powers onto our power portfolio. The project is on build-own-operate (BOO) basis, is located in Kampung Dasar in Kunak and all the documentation is expected to be finalised by March 2018.
“This is Bina Puri’s first power project in Malaysia after the successful listing of our power subsidiary in the Indonesia Stock Exchange (IDX) in June 2017," Tee said.
He said while construction remains Bina Puri's biggest top line contributor in financial year ended Dec 31, 2016 (FY16), the company believes contribution from other business divisions especially power supply will increase in FY17 and FY18.
“Prospects will be better for the company moving forward and with our combined strength and expertise, we are devoted to take this journey to the next level to enhance our shareholders’ value,” Tee said.
According to Bina Puri's statement, the company's diverse businesses include property development, highway concession and manufacturing of construction materials.
They can have many projects but significantly low profit margin making it meaningless. Unless institutional investors buy its private placement with a higher price, it should stay around this level unless speculative play.
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....
Cooolll
62 posts
Posted by Cooolll > 2017-10-31 18:50 | Report Abuse
Show you guys another hidden gem held under BPURI. The market has missed out or overlooked this winning arbitration of a total RM950mil claimed from National Highway Authority of Pakistan.
That is why Warran Buffett or veteran investor MR.FongSiling(coldeye) always earnlestly urge fellow investors read and find the unpolished gem in company's annual report and quarterly report instead of listening to rumours or tipping.
If you read BPURI quarterly report consistently, you will find out the company's had concluded court listening and won the arbitration since finalast quarter of 2016. The company has shown out the below massage at recent quarter reports under B8 chages in materials litigation (page14).
This RM950mil claims is equal to approximately RM3.50/share of Bpuri. It's about 90% discount to current share price RM0.38/share. Thus, all the seller or speculator deserve a THANK YOU from buyer who bought BPURI below 50cts since beginning of this year.
This is the answer for you, before this, you might be wondered why the company directors or staff willing to subscribe ESOS at above market price.Nonetheless, you could see value investor non-stop accumulating this company.
Please count how many gems I had debunking from Bpuri. You can verify yourself all the details at bursa malaysia or analyst.
**************************************************
2. Bina Puri Pakistan (Private) Limited (“BPPPL”) v National Highway Authority of Pakistan (“NHA”)
BPPPL had filed an application under Section 20 of the Arbitration Act, 1940 of Pakistan Court to refer
the disputes out of the unlawful termination of the concession agreement by NHA to Arbitration.
The Court in Pakistan had directed the parties to proceed with arbitration where BPPPL has claimed
Pakistani Rupee (PKR) 26,760,300,964 (RM950 million approximately based on PKR28.2 to RM1) from
NHA as damages (including loss of profit), interest, cost and expenses.
The arbitration has been concluded, pending Oral Submissions before award to be delivered by the
Arbitrator.
The estimated maximum exposure to liabilities is minimal as no counter-claim was filed by NHA against
BPPPL. The exposure to liability would be in terms of cost and expenses incurred in bringing the matter
to arbitration, including commitment to the contractors and consultants engaged, both local and in
Pakistan.
According to BPPPL’s Solicitors, there is more than average probability that BPPPL has a strong case
with a reasonable likelihood of success.
Reminder: share is for investment not for gamble.