Iafx, sori to break this to you, news was out Yesterday evening. In fact yesterday late afternoon the players already goreng .... If you are a season player, get it fr bursa announcement.
You mean you have been reading yesterday's news today? How you trade like that iafx? Isn't trading to know info first hand? In fact getting the news yesterday was a little late....N you only got it this morning....ALAMAK!
News broke out about the signing of the S&P for the takeover offer last night. Maximum takeover price 83.6 sen and minimum 76 sen. Completion of S&P by end of May. GO say take another 3 months to complete.
If everything concluded in the one plus three months and all investors get their money in four months, the profit of buying KHSB now at 67 sen would be between 13.4% and 24.8%, or an annualized return between 40% to 75%.
Why is there such a high risk premium for this risky arbitrage play?
Mr Ooi, you have been vindicated! & I am counting my gains! I shudnt count my chickens yet. Some will predict nullification of deal should PR lose Selangor.But counting chickens is still a good feeling. SIFU Ooi, I hope you win BIG! TQ very much.
I am willing to forgo this one.....first it was annouced 10 days b4 the confirmed the deal and valuation. Then they announce they require 60 days for the valuation to be completed. Now the say they ink it......did they ink before the valuation is completed? If so, will there be dispute?
Big IF.....BN is coming after PR even at last minute. As opposition if BN fails this round, they will still attack PR. They never stop harassing Saifuls father and Bala's wife
The IF its valued 83 c.....Kakakaka..... The link I posted earlier is to show you 1) BN is still attacking PR. 2) a rm100/sq foot is valued at RM25/sq foot......u sure it's going to be 83 cents?
bn vs pr - tom & jerry - it will last as long bcos that's what ppl like to see... :D
10% on top of 76c is what the spa written, this is not a guess. the valuation is work in progress now, neither an "IF" anymore. believe the price will up while not go to the max of 83.6c :)
the spa said this is a "direct business transaction", same as the psnb + dijaya case. by right, regardless of which party wins, the spa is to be honored. of cos, bolehland entitled its name for good reason... hahhahaaa.... not until the $ enter pocket, anything can still happen, that's y timing for this deal is really bad
if pr wants to wow, let's c the price will go over 70c tomorrow :)
Sori to tell u Iafx, this one can go under corruption as the link posted suggest. Like all BN moves, it starts with one and then they will bring in the next....in this case it's KHSB. U can see with all the cases, they will build one after another.....this is signature of BN. The 2 cases I shared above is to show u BN never stops until they get what they want....
BN won't offer...! They have to finish off Khalid at all cause because they don't want the water solution for Selangor and any money to be made there. See the cards are played, if the give below valuation, it's corruption, if they give above valuation, they enriching their pocket.....either way it's their card to play....
How can anyone be so certain with the valuation.....ever wondered why our fundamental analysis does not match up with the price of stock.....I am normaly more accurate in Singapore stocks.....
What's more when it has to do with property stocks.....have a thought...
Why want to argue? Buy low, just sell to lock in profit. Then buy again, when it goes to 0.45 If buy high, just have to wait, Just stay low and be reserve, don't worry & be happy.
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....
iafx
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Posted by iafx > 2013-04-30 09:21 | Report Abuse
http://www.theedgemalaysia.com/business-news/237430-kdeb-to-buy-khsb-at-76-sen-per-share.html