All legal doucment to sign by Fed MUST approved by AG chamber. Therefore, although politician can negotiate and compromise on the issue (land), but once it reach AG chamber, it have authority to rectify minster and supersede minister decision. Unless, now is Azmin compromise, just agree on land transfer together with water assets (water pipe), as without land above, Fed cannot access to the pipe lay underneath the land
Remark: Ongkili previously compromises as State state that it willing to grant approval if Fed seek to access the land where it lay water pipe underneath for replacement/repair, but to AG, it may seen unusual practice and raise question what if state refuse fed to access in future, then Fed will totally lose out control over the water pipe underneath the land.
This scenario is akin to rent out the room to tenant, but not the house itself. Every time, if tenant want to go in his room, it need to secure approval from landlord first to open the house gate before tenant can use his key to open his room.......
As kahhoeng said bolehland, everything possible. Positive surprise would be jibby or moo play dark knight rising. Otherwise, dragging in the end, selangorian and azmin stand to lose much. Maybe later azmin bow down to fed request....sultan bring everyone to table and force sign the deal? Staying power is our only advantage.....
Penstrukturan Air Mungkin Tangguh Lagi - MB Selangor
KUALA LUMPUR, 7 Julai (Bernama) -- Penstrukturan semula industri perkhidmatan bekalan air di Selangor yang sepatutnya dimuktamadkan dalam masa terdekat mungkin ditangguhkan lagi, kata Menteri Besar Selangor Mohamed Azmin Ali.
Beliau berkata kesulitan itu disebabkan kerajaan negeri hari ini telah menerima notis daripada Pejabat Peguam Negara menyatakan bahawa kerajaan negeri perlu menyerahkan aset tanahnya kepada Kerajaan Persekutuan dalam melaksanakan penstrukturan itu.
"Bagaimanapun, ia telah dipersetujui sebelum ini bahawa aset-aset syarikat konsesi (CCWA) yang disenaraikan di bawah perjanjian itu tidak termasuk tanah-tanah di negeri ini," dakwa beliau ketika ditemui selepas majlis pertemuan antara anggota Parlimen pembangkang dan pertubuhan bukan kerajaan (NGO) di sini.
Jelas Mohamed Azmin, beliau juga telah bertemu Perdana Menteri Datuk Seri Najib Tun Razak dan Timbalannya Tan Sri Muhyiddin Yassin berhubung isu berkenaan namun masih gagal menemui penyelesaian.
Katanya, penangguhan itu juga disebabkan sikap Kementerian Tenaga, Teknologi Hijau dan Air (KeTTHA) yang sering berdolak-dalih dan menukar pendirian mereka dalam menyelesaikan perkara itu.
"Saya sendiri mengambil tanggungjawab bukan saja berbincang dengan menteri tetapi bertemu dengan Perdana Menteri dan Timbalan Perdana Menteri sebagai jawatankuasa kabinet mengenai air. Namun belum ada satu perkembangan positif malahan kementerian masih tetap berdolak-dalih," katanya.
Sebelum ini, Mohamed Azmin mendakwa kerajaan persekutuan cuba mengambil alih keseluruhan jajaran 26,000 kilometer aset paip air termasuk tanah walaupun bercanggah dengan perjanjian utama penstrukturan semula perkhidmatan air negeri itu.
Sementara itu, Timbalan Menteri Tenaga, Teknologi Hijau dan Air, Datuk Seri Mahdzir Khalid ketika ditemui di lobi Parlimen berkata beliau perlu mendapatkan maklumat lebih lanjut sebelum membuat sebarang kenyataan berhubung isu itu.
KUALA LUMPUR: The Selangor water restructuring effort has hit another snag. Selangor Menteri Besar Mohamed Azmin Ali said the water deal which was supposed to be finalised soon might be delayed further. "This is because, we (state government) had received a notice from the Attorney-General's Chambers today saying that water assets listed by the state government (in the agreement) must include land beneath and over the pipes. "It was previously agreed that the assets owned by the water concessionaires listed under the deal would not include lands in the state," he said when met at the Parliament earlier. He added that he had sought help from both Prime Minister Datuk Seri Najib Razak and Deputy Prime Minister Tan Sri Muhyiddin Yassin on the water restructuring exercise for the state. It was previously reported that Azmin has voiced its dissatisfaction over the Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili had said ministry was finalising the supplementary agreement, which included the revised list of assets owned by Selangor after numerous delays. Azmin was previously quoted as saying that the state government could not finalise the deal with the federal government as it did not agree to the term in the master agreement which stated that listed assets would include the land above and below the 26,000km of pipes belonging to the water concessionaires.
kahhoeng. Don't worry about what the AG said--he is nominated (you know what i mean ) But Rozali is really a problem--this last round. I think Azmin & exco must invite Rozali for a Coffee break.
Wow, clown Roger123 and gang back again, must learn to listen and follow updated 'RELIABLE' source of information to make decision making in investment, try NOT to misled by own 'insider' news.
As emphasis many time, Puncak net cash value RM 3.68/fully diluted share and special dividend all DEPEND on whether or NOT it can seal the deal of its water assets disposal. If an seal deal, then Puncak value will emerge, if not, then....... after many round of delay and until recently both Fed and State seem in align and both expect to complete the deal (all information back by RELIABLE source), then onlu until today afternoon, when there first news pop up.....water disposal to delay again.....what to do.... cut to lock in 7sen gross first lor, wait for clearer picture next, tomorrow and next Monday before Puncak deadline.
Issue at hand is bila? Luckily cut margin last min....thx to singor n hng123 sharing last afternoon...tmr it might up. Who know. having holding power for this puncak is the way forward. Look at this value basic, puncak is worth at least least-- 1billion. It just need to cont sue govern to recoup cash. It is doing mono and selangor lifeline biz... constitution protect all people right of its asset ownership...just that jibby issue and politician issue might prove volatile short term. Somehow i feel both will push to see this water re to completion. Bila saja?
Do not panic Hng33.Admit mistake is hallmark of good investor.
Posted by runbeforeyoudie > Jul 7, 2015 08:19 PM | Report Abuse X
Posted by hng33 > Nov 14, 2014 03:16 PM | Report Abuse
Yes, Post RM 1/share dividend payout, Puncak sum of part should still value at RM 3.75/share. However, post disposal, it depend on wisdom of Puncak management to acquire viable business, earning accretive than holding cash.
we can just sit and see what will unfold next few days. AG Chamber is the 3rd party in this issue. Both Kettha and State might have reached an agreement but the moment it reaches AG, some middle level officers may just send back coz not fulfill normal requirement. Now up to the ministers, or AG to intervene and solve the problem.
From my understanding before Hari Raya is not possible bcoz taking land under the pipeline required the Approval from the Sultan. So this Land issue is deliberately throw in to delay the deal ( i have to agreed with Azmin ). Why? Only AijGor knows
Posted by runbeforeyoudie > Jul 7, 2015 09:27 PM | Report Abuse X
RM1/special dividend represents 26% profit from RM3.75 and 37% profit from RM2.68. Anyone believe such a big fat frog jumps on the street?
If yes,
Please sell all your possession including house,car and etc and buy Puncak.
Borrow from bank and loan shark and buy Puncak.
Multiply profit by max up margin financing.
hng33 posted these advices.Thank you.
Posted by hng33 > Nov 14, 2014 03:16 PM | Report Abuse
Yes, Post RM 1/share dividend payout, Puncak sum of part should still value at RM 3.75/share. However, post disposal, it depend on wisdom of Puncak management to acquire viable business, earning accretive than holding cash.
If the deal is confrim seal, just jump back again with margin account, (buy high sell higher), if delay, wait for opptunity to re-enter, (sell high, buyback lower) if Puncak refuse to grant extension, then bye bye.
Selangor water deal may be delayed further: Azmin 7 JULY 2015 @ 4:08 PM BY NURADZIMMAH DAIM KUALA LUMPUR:
The Selangor water restructuring effort has hit another snag. Selangor Menteri Besar Mohamed Azmin Ali said the water deal which was supposed to be finalised soon might be delayed further. "This is because, we (state government) had received a notice from the Attorney-General's Chambers today saying that water assets listed by the state government (in the agreement) must include land beneath and over the pipes. "It was previously agreed that the assets owned by the water concessionaires listed under the deal would not include lands in the state," he said when met at the Parliament earlier. He added that he had sought help from both Prime Minister Datuk Seri Najib Razak and Deputy Prime Minister Tan Sri Muhyiddin Yassin on the water restructuring exercise for the state. It was previously reported that Azmin has voiced its dissatisfaction over the Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili had said ministry was finalising the supplementary agreement, which included the revised list of assets owned by Selangor after numerous delays. Azmin was previously quoted as saying that the state government could not finalise the deal with the federal government as it did not agree to the term in the master agreement which stated that listed assets would include the land above and below the 26,000km of pipes belonging to the water concessionaires.
The news is out around 4.10 pm, yet by the closing, Puncak price is at 2.68, up 1 cent. I guess the situation is not as dire to the extent a sale is urgent?
ckk2266, what an excellent news to start the day! The whole restructuring has been hard to swallow and against common sense of addressing the issue as soon as possible. With the details out, at least we would have to rely on 'insiders' for updates... Or, at least I don't have to keep on calling Azmin stupid
RM1/special dividend represents 26% profit from RM3.75 and 37% profit from RM2.68. Anyone believe such a big fat frog jumps on the street?
If yes,
Please sell all your possession including house,car and etc and buy Puncak.
Borrow from bank and loan shark and buy Puncak.
Multiply profit by max up margin financing.
hng33 posted these advices.Thank you.
Posted by hng33 > Nov 14, 2014 03:16 PM | Report Abuse
Yes, Post RM 1/share dividend payout, Puncak sum of part should still value at RM 3.75/share. However, post disposal, it depend on wisdom of Puncak management to acquire viable business, earning accretive than holding cash.
If the deal is confrim seal, just jump back again with margin account, (buy high sell higher), if delay, wait for opptunity to re-enter, (sell high, buyback lower) if Puncak refuse to grant extension, then bye bye.
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Posted by hng33 > Nov 14, 2014 03:16 PM | Report Abuse
Yes, Post RM 1/share dividend payout, Puncak sum of part should still value at RM 3.75/share. However, post disposal, it depend on wisdom of Puncak management to acquire viable business, earning accretive than holding cash.
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BUY RM1 MILLION PUNCAK SHARE BECAUSE HNG33 SAID SURE CONFIRM GUARANTEE PROFIT MIN 26% SPECIAL DIVIDEND!!!!!!
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....
SinGor
4,931 posts
Posted by SinGor > 2015-07-07 18:14 | Report Abuse
My only concern is Rozali pulling out. Nothing scare me more.