Posted by kahhoeng > 2015-01-26 11:58 | Report Abuse

hmm... losing faith or is Puncak going to delay the sale again?

Posted by sudahkena > 2015-01-26 12:25 | Report Abuse

So many scenario. .. with anwar court case.. splash......

Posted by SinGor > 2015-01-26 13:11 | Report Abuse

Already ask 2 politicans, Puncak very tight lip. Azmin seems to be uneasy--not so kind
words. Almost like a very loud warning (maybe just a show of power)

Posted by SinGor > 2015-01-26 14:03 | Report Abuse

Maybe all this show of force is a prelude to Anwar's sodomy verdict on 10 Feb. Show goes on

Posted by annchua > 2015-01-26 14:04 | Report Abuse

what is the relation between puncak water deal and Anwar?

Posted by kahhoeng > 2015-01-26 17:18 | Report Abuse

bull and shit relation?

Posted by annchua > 2015-01-26 21:30 | Report Abuse

hi hng33, what is your view on current price?

Posted by zckoo > 2015-01-26 22:12 | Report Abuse

Why dropping ?change in disposal ?selangor gov will buy ?

Posted by titus > 2015-01-27 07:51 | Report Abuse

seeing the price drop is indeed very disappointing due to the uncertainty of disposal. if we relook into the disposal plan and assuming the disposal plan fail, it is not that bad after all. Puncak use to trade around 3.50 previously when they are operate business as usual. Their eps is around 45 and this give a PE around 6. The revenue is growing from year to year. The only worries is if the plan fails, government take it by force under wasia act or something.
Puncak still consider undervalue and they have good business. Actually, it is more valuable if they keep the current business. Hence, to me either the plan go thru or not, it is worth to keep.
Anyway, this is my flawed opinion.

Posted by zckoo > 2015-01-27 08:38 | Report Abuse

Hi titus,ThX a lot for ur value point.......

Posted by zckoo > 2015-01-27 08:40 | Report Abuse

Act,what is wasia act?the rules?

Posted by jolie2 > 2015-01-27 08:53 | Report Abuse

i don't think the fed will use wasia.
We already so well known to the world with 3 plane crash, oil crash....
I don't think we want a "water crash".

Posted by hng33 > 2015-01-27 09:15 | Report Abuse

annchua

As far as i know, both Puncak and state/fed gov are rushing to fulfill all condition precedent in the SPA.

Bear in mind, from the date of SPA in Nov until completion date, in normal business circumstance, it will need to take at least 3 month time, and further extendable for another 1 month.

For Puncak, the SPA sign between Puncak and State gov is super-fast aim to complete deal within 2 month. It is presumably that state being the gov can use its power to facilitate the transaction and seal the deal as fast as possible.

Nevertheless, the just 2 month period given from SPA on Nov until 16 Jan is prove indeed too short and unrealistic to complete the whole transaction that worth more than RM 6 bil (equity portion is 1.56 bil, liabilities and assets portion to be assume by PAAB is worth more than RM 5 bil), involve 28 water treatment plant, leaseback agreement, transfer in manpower, and need bank approval etc.

Therefore, it is acceptable and under normal case to extent another 3 week to 9 Feb, and may not rule out to further extend another 2-3 more week to complete the whole transaction.

Posted by SinGor > 2015-01-27 09:17 | Report Abuse

Actually Hng33 I was going to said what you address above. But I am afraid everybody in this
blog will tongue lash me to death. My Lawyer friend was so sure Puncak will failed the
first deadline that the bet is - he will paid every dinner and beer till the second deadline.
B'cos he had done legal work on water restructuring in other states

Posted by titus > 2015-01-27 09:19 | Report Abuse

it is a water industry act 2006 where it gives federal or goverment to take over something by force if they deem as a treat to the country or something like that. Sorry if i did not intepret it correctly as i did not read thru the act. but the thing is puncak water asset it the most valuable and if it is call off and back to business as usual, it should worth more than now. So to me both scenario is still good for puncak.

Posted by hng33 > 2015-01-27 09:30 | Report Abuse

SinGor

It is normal for investor to worry, especial viewing share price up and down everyday, and share price perform below expectation...give rise to concern over deal may at risk if share price is down....but, change mind, cheer if share price is up etc. It is what we call sentiment, the third force affect share price in the market on top of fundamental analysis and technical analysis.

Posted by hng33 > 2015-01-27 09:37 | Report Abuse

SinGor

Under normal business transaction, at least 3 month is given from the date we sign SPA and it extendable by another 1 month. This is given if both seller and buyer using the same lawyer firm. The transaction may drag further if both parties using different lawyer firm, legal document transfer between lawyer firm take more time. Furthermore, transaction deal need various gov department approval, such as land office, bank etc. But, being state gov as buyer, the part of transaction will be shorter, but bank approval definitely beyond state gov control.

Posted by Superb99 > 2015-01-27 10:12 | Report Abuse

This puncak is really not in the right trend, looks like going to break 2.7...

Posted by annchua > 2015-01-27 11:02 | Report Abuse

hi hng...thanks for the reply...:)

Posted by kahhoeng > 2015-01-27 11:23 | Report Abuse

I am upset that Puncak management has not taken the opportunity to buy back shares, something that would, not only to offer shareholders confidence, allow its store of cash in hand through treasury shares

Posted by SinGor > 2015-01-27 15:42 | Report Abuse

I spend my lunch hours listening to my friend explanations about the problems in
preparing the SPA And I ended more confused. So my last question to him
is cut the shits and find the easiest way. His last phrase " Sold AS IT, Where It is And with All
Faults". The same way Umno release water assets to Puncak. So if politicans are thinking
the same way I am thinking, there will be no puncak annoucement on 9 & 10 but on 11 Feb
some high ranking Puncak officer will meet Anwar And with just a handshake the deal is done.
Kong Hei Fatt Choy

Posted by titus > 2015-01-27 16:08 | Report Abuse

singor, again, what is anwar got to do with puncak deal?

Posted by SinGor > 2015-01-27 16:41 | Report Abuse

Anwar raise Azmin political career. Just like yr father raise you. And then One day your Boss
said he is going to sue your father bankrupt (example only). Will you said I respect you (Boss)
for suing my father bankrupt every Day????-

Posted by annchua > 2015-01-27 16:56 | Report Abuse

who is boss and who is father in this case?

Posted by annchua > 2015-01-27 16:58 | Report Abuse

wow...5000 lot added to block at 2.72...

Posted by kahhoeng > 2015-01-27 17:27 | Report Abuse

SinGor, not intended to bomb you, but a water deal to save Anwar? LOL... To Najib or Pak Lah, a prime minister with a strong ex Dr. M, Anwar is both a threat and a mass destruction weapon. A weapon to contain M's influence and a threat to toppling BN. If there is any prime minister to even care to take Anwar's release into water deal, he would be either insane or damn stupid! Azmin would have been naïve to even consider... or another possibility, Extremely desperate

Posted by sudahkena > 2015-01-27 18:10 | Report Abuse

I think since we all invest so much in puncak.. better we discuss - water deal can be terminate?

Posted by money888 > 2015-01-27 18:48 | Report Abuse

Wont...both fed and state eagerly complete the ddeal

Posted by shannian > 2015-01-27 20:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1863349

Posted by CaoCao > 2015-01-27 20:42 | Report Abuse

if really want to terminate or use it as bargain, won't wait until now lah... u see selangor need the water deal more than the water concessionaires and the fed gov... the fed gov want langat to proceed onli and if given the chance i think the water company would like to remain in the business coz it's a lucrative one.

Posted by SinGor > 2015-01-27 20:50 | Report Abuse

It is Pak Lah faults to release Anwar and now Najib try to put Anwar back in jail. Malaysia has a court system and water deal has nothing to do Anwar's freedom. It is all about Money and contracts. Cronies contribute money And Anwar wants to hurt these cronies as bad as possible.
Kahhoeng you have forgot about Langat 2 project. You should visit these area--really massive.
How many umno's contractors had sunked money into this project? They can dig a
tunnel across the mountain but they cannot distribute the water WITHOUT dam and land for
piping runs. "Only states has rights to land used".The whole restructuring exercise is a exchange
between Selangor water assets And the rights to built Langat 2( this is what cronies want)
Azmin is nobody without Anwar because DAP has a bigger twisting arm. Beside Anwar has
a PKR president wife and a daughter---very potent adversary
With money Umno can hold Pakatan march to Putrajaya, I have to believe this possibility
after 2 previous elections

Posted by sudahkena > 2015-01-27 21:26 | Report Abuse

Fed really want complete the deal n made press statement. . Our side done n money also ready..

pkr know ths money will go to bn cronies .. so try play game.. n hope the deal will terminate. ..pkr made statement. ... puncak please compete asap...so people will see puncak dont want complete the deal...

another teory... all bn and pakatan buy puncak......if ths....we all same boat..

Posted by jolie2 > 2015-01-27 21:30 | Report Abuse

why you all so worry ? Don't worry , be happy, be jolly. Tomorrow , sure rebound.

https://www.youtube.com/watch?v=d-diB65scQU

Posted by kahhoeng > 2015-01-27 22:55 | Report Abuse

SinGor, despite my holding in Puncak, I still like Pak Lah's strategic release of Anwar... Had it not for Pak Lah and Anwar's moves, we won't have much chance to speak so freely now... No doubt, PR has everything to do with Puncak's delay last year when trying to sack Khalid, but not sure if PR has anything to do with the delay now. Anyway, I have doubt Anwar's case can or will have any impact on the water asset disposal.
Glad to see EPF adding position in Puncak to above 5% now, hope to see more actions from EPF

Posted by Roger123 > 2015-01-27 23:30 | Report Abuse

Sell puncak!!!

Posted by Roger123 > 2015-01-27 23:30 | Report Abuse

Buy kps!!!

Posted by hng33 > 2015-01-28 09:26 | Report Abuse

（雪蘭莪‧八打靈再也27日訊）雪蘭莪州務大臣阿茲敏阿里指出..............


水供談判進最後階段

提到雪州的水供問題，他透露，雪州政府與特許經營公司的談判已經進入最後階段，一旦完成，雪州水供公司將解決緊急的生產和供應水的問題，也一併解決無收益水的問題，以減少浪費。
........................

http://news.sinchew.com.my/node/407586?tid=1

Posted by annchua > 2015-01-28 09:29 | Report Abuse

good news...

Posted by stead > 2015-01-28 09:30 | Report Abuse

The strength of one's heart determine one's destiny... while worry about the share price keeps coming down, why not take it from another angle that it provides you further chance to enhance your upside?

Posted by annchua > 2015-01-28 09:30 | Report Abuse

i see there are ppl purposely block the share price...everytime when the queue share is eaten/bought...and almost move to next price...there is another few hundred lot loaded in to sell...who the hell is that

Posted by stead > 2015-01-28 09:35 | Report Abuse

Why should we worry about other actions? Why let other determine our destiny? If one has choose to be "all in" at RM3.00 and left no ground for oneself, then shouldn't one blame it to oneself instead of questioning why others want to dump the shares below RM3?

Posted by stead > 2015-01-28 09:37 | Report Abuse

Wise up and face oneself with clear mind. Even one know her best friend get mother share at 2.29 recent low, one should be happy about her friend instead of getting into jealousy.

Posted by stead > 2015-01-28 09:39 | Report Abuse

That's why stock market is a fun place to be in... because it is filled with so many fickle minded personality but at the same time they are extremely generous with their hard-earned money :)

Posted by kahhoeng > 2015-01-28 09:44 | Report Abuse

real big joke, Azmin said that Selangor's budget has forecasted major events around the world and sees no need of change in the news... Wonder what were assumed in his budget plan?!?

Posted by SinGor > 2015-01-28 09:53 | Report Abuse

Let our Court decide Anwar's freedom And nobody else can has a say. From a business angle,
Puncak sale is a very boring deal. Just like buying Old car. Just technical details are putting up
alot of resistance. All those " Sandiwara" put up by Politicans are for show Because there
is a " Willing buyer And a Willing Seller ". All the monies are on the Table, Nobody can steal
a ringgit.

Posted by annchua > 2015-01-28 10:08 | Report Abuse

should be epf selling...they always buy high sell low...:P

Posted by CaoCao > 2015-01-28 11:29 | Report Abuse

walao, sel gov need to discuss some more ah.... haizz they oledi discuss many years oledi and after all the binding agreement now also have to discuss some more... all follow the contract cannot meh... taiko.. wait until the neck grow long oledi loh...

Posted by hng33 > 2015-01-28 11:30 | Report Abuse

http://azminali.com/blog/2015/01/moving-selangor-forward-with-a-knowledge-economy/

Moving Selangor Forward with a Knowledge Economy

Special Luncheon Address by YAB Dato’ Menteri Besar Selangor at 17th Malaysia Strategic Outlook Conference organised by ASLI on 27th January 2015 at Sunway Resort Hotel, Selangor..................

Water resources

We appreciate the legitimate concerns of the business community about water supply at affordable tariffs for all consumers. We are in the final stages of acquiring and consolidating the water concession companies in Selangor.

Once completed, Air Selangor will address the urgent operational issues of production and distribution of treated water as well as Non-Revenue Water to reduce wastage. The quality of our customer service for all consumers must also be improved.

Ultimately, the State must ensure the availability and security of our precious water resources at all times. While efforts to improve the production and distribution network will significantly increase costs, we must not lose sight of our goal of ensuring that water tariffs remain affordable to the people of Selangor...............

Posted by CaoCao > 2015-01-28 11:32 | Report Abuse

or the discussion is for splash also?!!.. that means we might see some news coming up ohh... hope its a good news one .... for us lah hopefully... :-)

Posted by SinGor > 2015-01-28 12:32 | Report Abuse

Another Sandiwara by Azmin. If Puncak thru Syabas cannot solved the problems in 10 years
I don't think Azmin can reverse everythings in 2 hrs speech. Be more practical Azmin, hire
a New CEO like RHB Bank CEO