Posted by kahhoeng > 2015-05-11 11:33 | Report Abuse

Singor, haha... if that's the case, I shall have you to thank. Of course, hng33 too. His detailed analysis is one among the few reasons that I am still holding

Posted by Wiwangwang > 2015-05-11 11:35 | Report Abuse

Delay for another month ?

Posted by SinGor > 2015-05-11 11:40 | Report Abuse

From yesterday, i pray Najib will stay on and fight bcos once you change parties. New
negotiations start again ( don't depend on signed contracts--Contracts are formality only--
you & I live in Malaysia--We know better )

Posted by kahhoeng > 2015-05-11 11:43 | Report Abuse

Truth is, if I were Ongkili, I will no longer talk to Azmin until he had decided on the land issue. It would be a big joke if Ongkili were to meet up with Azmin and only to realize the same issue is being used by Azmin to politicize BN's stupidity/cronyism.

Posted by SinGor > 2015-05-11 11:58 | Report Abuse

Ongkili is just a pawn. Boss is Najib. Najib decides everything. Najib's headache is beyond
control now. He needs to release pressure. Selangor's Water restructuring can slide both
ways.

Posted by SinGor > 2015-05-11 12:12 | Report Abuse

This week is really crucial. Najib stay or Najib take no pay leave. Keep fingers crossed.
For me Najib stay but it is up to Umno warlords now

Posted by hng33 > 2015-05-11 15:53 | Report Abuse

Sold half puncak at 2.61, realize slim profit, free up capital first

Posted by rlch > 2015-05-11 16:02 | Report Abuse

hng33 are you using the capital to buy BJ Corp. I see BJ Corp huge selling pressure not seem a wise move. BJ Corp no buying support from VT, share buy back. Dividend only will get in Dec.

Posted by Roger123 > 2015-05-11 16:17 | Report Abuse

Hng33: Wat time u sold? how many lots? Sorry, just wan to double confirm something

Posted by Dreamhouse > 2015-05-11 16:33 | Report Abuse

Roger123,

So we want to wait or sell also? Don't worry, profit or loss is small matter. Just follow u. Not need pressure.

Posted by SinGor > 2015-05-11 16:34 | Report Abuse

My BJ corp target 32 cents

Posted by jolie2 > 2015-05-11 16:36 | Report Abuse

H

Posted by hng33 > 2015-05-11 17:05 | Report Abuse

Rich

I'm just free up capital from puncak now, today sold almost all at 2.58 to 2.61, not yet swapping to other stock. Still hold little puncak to keep minimum exposure.

Posted by jolie2 > 2015-05-11 17:15 | Report Abuse

Those who sell will regret.
Normally once you sold after waiting for so long, the share will shoot-up.
This share is just to test your patience.
Tomorrow will moveeeeeeeeeeeeeeeeeeeeeeeeeeeee.
HaHaHaha,

Rogeli 123 is right : HOLD.................

Posted by Nelson Yoong > 2015-05-11 17:18 | Report Abuse

funny

Posted by kahhoeng > 2015-05-11 17:26 | Report Abuse

hng33, do you thing the water restructuring will be a long drag by selling almost all at 2.58-2.61?

Posted by hng33 > 2015-05-11 17:48 | Report Abuse

I think so..........Azmi keep politicking :(

Posted by kahhoeng > 2015-05-11 18:12 | Report Abuse

azmin may cost PR Selangor state in coming election if water cut becomes an everyday problem in near future. hopefully azmin will come to his sense in coming few days. good luck to us all still holding puncak, sigh!

Posted by jolie2 > 2015-05-11 18:20 | Report Abuse

this is a monopoly business.... we must think long-term,
Why give up so fast .. not even 1 year after khalid resign...
this khalid take 6 years also cannot solve..... azmin not even 1 year.... give him some time-lah...

Posted by Roger123 > 2015-05-11 19:01 | Report Abuse

Jolie: r u teasing hng33? For pulling out so early? Part of the long term investment business as wat he said last time?

Posted by Roger123 > 2015-05-11 19:02 | Report Abuse

Jolie: Sorry, I am out tooo. Tomorrow will release all at tiny profit and will buy bjcorp

Posted by annchua > 2015-05-11 19:19 | Report Abuse

oo ouuu....all long term investor gives up....:(

Posted by kahhoeng > 2015-05-11 19:22 | Report Abuse

well, I m still holding, am I pitiful?

Posted by jolie2 > 2015-05-11 19:27 | Report Abuse

Tomorrow i will sell BJCorp and buy Puncak,

Posted by CaoCao > 2015-05-11 19:27 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4733929

Posted by annchua > 2015-05-11 19:32 | Report Abuse

Rozali start to give up also....request for more money...might be good news for shareholder...

Posted by kahhoeng > 2015-05-11 19:34 | Report Abuse

PUNCAK NIAGA HOLDINGS BERHAD
MEDIA RELEASE
11 MAY 2015

We refer to the conditional sale and purchase agreement dated 11 November
2014 signed between Puncak Niaga Holdings Berhad and Pengurusan Air
Selangor Sdn Bhd (formerly known as Temasek Tiasa Sdn Bhd) (“Air
Selangor”) (“SPA”) whereby both parties agreed on the Proposed PNSB
Disposal and Proposed SYABAS Disposal for a total cash consideration of
RM1,555.3 million.

The above SPA was signed with the full support and consent of the Federal
Government whereby it is the intention of the State Government of Selangor
to consolidate / restructure the water industry in the State of Selangor and the
Federal Territories of Kuala Lumpur and Putrajaya (“Selangor Water Industry”)
and for the Selangor Water Industry to be managed by the State Government
of Selangor (Consolidation / Restructuring of the Selangor Water Industry”)
and for the Federal Government to expedite the construction of Langat 2 and
the related trunk distribution system.

Under the terms and conditions of the SPA, all conditions precedent were
supposed to be fulfilled on 12 January 2015 (“Stop Date”) whereby upon
completion of the SPA, PNHB will hand over its water concession business in
Selangor under PNSB as well as SYABAS to the State Government of Selangor
and in return, the State Government of Selangor will pay RM1,555.3 million
to PNHB.

On 14 January 2015, this Stop Date was extended to 9 February 2015 and on
10 February 2015, extended again for another one (1) month until 9 March
2015 because there were still pending issues related to the water asset
transfer between the State Government of Selangor and the Federal
Government as well as the consent from Unit Kerjasama Awam Swasta, Prime
Minister’s Department (“UKAS”) on the sale of SYABAS were still pending.
On 10 March 2015, PNHB announced that all conditions precedent which
are to be fulfilled by PNHB have been met.

On 16 March 2015, the Board of PNHB agreed with Air Selangor to extend
the Stop Date for another one (1) month until 9 April 2015 to enable the
pending issues related to the water asset transfer between the State
Government of Selangor and the Federal Government to be resolved.
On 9 April 2015, the Stop Date was further extended to 11 May 2015 by
both parties for the fourth time.

To date, we understand that Air Selangor is still not able to fulfill the
conditions precedent in the SPA.

PNHB is currently seeking its Board of Directors’ decision to consider a fifth
extension of the Stop Date under the SPA. There is a high possibility that the
Board of Directors of PNHB may ask for an increased offer price for the
Proposed Disposals in view of the following reasons:-

i. The basis of the offer price of RM1,555.3 million from Air Selangor
under the SPA was derived by Air Selangor based on a 12% return of
investment calculated up to the financial year ended 31 December
2012. As such, PNHB has not been accorded with any returns for the
past two (2) preceding financial years for the financial years ended 31
December 2013 and 31 December 2014 and until to date.

ii. Over the past few months, PNHB had to forego and lost several
investment opportunities arising from the delay and uncertainty in the
completion of the SPA signed with Air Selangor in November 2014
which was supposed to complete in January 2015 as PNHB could not
confirm the respective opportunities in view of the uncertainty in the
completion of the SPA.

iii. In line with the Consolidation / Restructuring of the Selangor Water
Industry which is pending the completion of the SPA which had been
extended on month to month basis since January 2015, PNSB and
SYABAS had been directed to put on hold several critical and major
improvement plans on the operations of the water treatment and
water distribution systems. This has inadvertently caused unnecessary
hardship to the consumers leading to an unhealthy environment in
the State of Selangor and the Federal Territories of Kuala Lumpur and
Putrajaya. It had taken too long for both the Federal and State
Government to resolve this restructuring. Since 2008 till now, over a
period of 7 years, PNSB and SYABAS are not able to implement many
programs to improve their services as the instructions given by the
authorities are “Wait for the restructuring”.
...

Posted by jolie2 > 2015-05-11 19:37 | Report Abuse

Tomorrow will move-up.
Dividend increase from 1.00/ share to 1.50/share.
Dividend will continue to increase if continue delay... will go above 2.00 / share

Posted by SinGor > 2015-05-11 19:46 | Report Abuse

Will buy BJ Corp And Puncak when my target price arrived. Will sell Gamuda around 5.30
(bought at 4.50--Didn't meet my target 20% gained but i need money for Puncak )

Posted by kahhoeng > 2015-05-11 19:51 | Report Abuse

my gut feeling is telling me this: azmin still lives in the '80s when the bureaucrats ruled and dictated the terms with those opposing them suffered the most. Hope he didn't think he is God at this moment

Posted by hng33 > 2015-05-11 20:57 | Report Abuse

Good news for puncak shareholder, can expect take over to increase from RM1.55 bil to more than RM 2.0 bil to include another 2 yr earning 2013/2014. Then, investor can expect at least RM 1 bil payout or RM 2 special dividend. Now, Azmi need to scratch head harded to meet Puncak higher demand on top of another boom demand from splash.... perhaps another RM 3 bil now....

Posted by rlch > 2015-05-11 21:06 | Report Abuse

Why nobody here mention before RM1.55 billion is only for payment up to 2012?

Posted by Roger123 > 2015-05-11 21:07 | Report Abuse

Give up. Sell tomorrow!!!

Posted by SinGor > 2015-05-11 21:08 | Report Abuse

Azmin now is really poke kai. But it is not his money anyway. Fed and States have no money
so the deal is in trouble

Posted by Diamond7 > 2015-05-11 21:11 | Report Abuse

???.......????......?????

Posted by hng33 > 2015-05-11 21:25 | Report Abuse

According to master agreement, fed gov to provide state RM 2 bil to takeover all water concenssion, divided into RM 1.55 bil for pnsb and 70% syabas + RM90m for Abbass + RM 250 m for splash + RM 105m for 30% Syabas. Now, if puncak demand another 2 year earning, estimate to add at least RM500m more, then, other concession will follow too.....splash request at least 1X book value alrdy estimate to worth more than RM3 billion now....


total take over price may now surge more than double, higher now from RM 2 bil to more than RM 5 bil if want to seal to entire deal.......Can Azmin meet their demand...

Posted by kahhoeng > 2015-05-11 21:27 | Report Abuse

Think it's just Puncak's scare tactic in response to Azmin shitty tactic... In the end, unless federal government is invoking WASIA to force Selangor state to comply, it will go on and on. Hope after this quarterly report that Puncak will announce a dividend.

Posted by jolie2 > 2015-05-11 21:45 | Report Abuse

some people so fickle minded.... one day say hold, one day say may, another day say sell, one day say fundamental long term.... blah, blah, blah.....

Always change one. Cannot trust.

Posted by Nelson Yoong > 2015-05-11 22:29 | Report Abuse

all like woman,never made up their mind!!!

Posted by jolie2 > 2015-05-11 22:38 | Report Abuse

all talk cocxxxx only. no patience.
so scare, don't play share...

hold-lah, soon-lah, may-lah, fundamental-lah, sell-lah.
Hahahaha........

Posted by Wiwangwang > 2015-05-11 22:50 | Report Abuse

Last call n last chance who want to hold just hold . It will go up very soon . Good luck to everyone here . Huart ar ...

Posted by Roger123 > 2015-05-12 00:36 | Report Abuse

jolie2=rojak123, Hahaha

Posted by kahhoeng > 2015-05-12 07:47 | Report Abuse

Could the following scenario be possible?

Ongkili will now accuse Azmin for jeopardizing the whole restructuring and invoke WASIA against Selangor state to take over the whole restructuring without considering SPLASH offer to avoid Gamuda investors' concern.

Posted by Roger123 > 2015-05-12 08:10 | Report Abuse

jolie2 all talk cocxxxx only. no patience.
so scare, don't play share...

hold-lah, soon-lah, may-lah, fundamental-lah, sell-lah.
Hahahaha........

Posted by Roger123 > 2015-05-12 08:10 | Report Abuse

rojak123 since puncak is worth more now, kps should at least maintain its 1x book value unless roger kakacau-cau here,,,,,,, hold-lah, soon-lah, sell-lah, tiny-brain-lah.....

Posted by Roger123 > 2015-05-12 08:11 | Report Abuse

jolie2=rojak123???? So stupid

Posted by Roger123 > 2015-05-12 08:11 | Report Abuse

jolie is selling her rojak only 1.50

Posted by kahhoeng > 2015-05-12 08:28 | Report Abuse

roger, why are you so upset? don't think the share price will shoot up lah. if you are keen, you can surely pick up some before puncak share price rises. if you think the share price is too risky at current level, then you have made an excellent decision yesterday selling most.

Posted by jolie2 > 2015-05-12 08:48 | Report Abuse

roger is worthless and cannot be trusted. Talk rojak only.
Better he sell faster... kakacau-cau only.
Roger The Bodohi.

Posted by kahhoeng > 2015-05-12 09:03 | Report Abuse

Alas, everyone is entitled to his/her opinion, we are not umno lah