i think done deal too... Position of azmin ali at stake or otherwise people will pull him down as per his explainaton at today dewan sidangan selangor. waiting....=.="
wonder when will they announce the completion of water restructuring? Luckily I sold warrant @ 1.59 this morning to buy some Puncak @ 2.44 just now. hmm... actually, not lucky at all, cause more warrants sold then Puncak bought, averaging up my cost to breakeven. Fainted!
sudahkena, agree. but I think not many people really knows what lies ahead of the restructuring issue. Better be, otherwise, should have dropped more than just a few cents
roger, no joke? Won't have money to top up by then already, may have to sell my US shares, sigh! Politicians screw up our nation, and I have to take part paying the price
never know.. time will tell. With roger history, his statement is worthy a pinch of salt to me. I dont know about you all. Any of Singor statement is the one draw my attention now...
SHAH ALAM: The Selangor government may review its free water scheme to ensure that it benefits only those who really need the aid.
Mentri Besar Azmin Ali (pic) said some of the beneficiaries were using the monthly 20 cubic metres of free water to water plants, wash cars and fill their swimming pools.
"How can we subsidise these activities? I don't think it is fair,"’ Azmin told reporters at the sidelines of the state legislative assembly session here Monday.
Azmin said he has invited assemblymen to debate the matter when the budget is tabled in November.
"There are ways and means to ensure the targeted group benefits from the programme, so we have to look at the best mechanism," he said, adding the state spent between RM120mil to RM150mil yearly on the free water scheme.
According to Azmin, the cost had gone up after the migration of bulk meter water supply accounts to individual meter water supply accounts in high-rise properties in the state.
When asked if the review would disgruntle Selangor residents, Azmin said he did not think it would.
"If you give a proper explanation and justification on why we need to review, they will understand," said Azmin.
He said the purpose of implementing the scheme was to help those from the lower income group.
He assured there were no plans to abolish the free water scheme even after the conclusion of the ongoing Selangor water industry restructuring exercise.
To a question if there would be an increase in the water tariff rate once Selangor fully takes over its water industry from the current private concessionaires, Azmin said there were no plans to do so at the moment.
However, he did not dismiss the possibility of an increase in the future.
"We have to look at the entire process once the whole industry has been restructured,"’ said Azmin, adding that currently, only three concessionaire companies - Syarikat Bekalan Air Selangor (Syabas), Puncak Niaga Sdn Bhd (PNSB) and Konsortium Abbas Sdn Bhd (Abbas) - were involved.
He said the final stage has to be concluded as well with the fourth concessionaire company Syarikat Bekalan Air Selangor Sdn Bhd (Splash).
"We don't know what is the quantum that needs to be paid to Splash,"’ said Azmin.
He reassured that the state government will not make any decisions that would burden the people.
"We cannot simply transfer the cost to the consumers and so we will look at a suitable mechanism to reduce the burden," he said.
SHAH ALAM: A review will be carried out on the Selangor government free 20 cubic meter water programme in Selangor.
Menteri Besar Azmin Ali said there was a need to study if the programme fulfils its main objective to benefit lower income with the supply as there were complaints that it was used for gardening and swimming pool. Azmin said there are no plans to stop the programme.
While the Selangor government has no plans to increase the water tariff at the moment, consumers may have to pay more once the restructuring of the state's water industry is completed.
Menteri Besar Azmin Ali said the state government now needs to conclude the final stage with Syarikat Pengeluar Air Selangor Sdn Bhd (Splash).
"We do not know what is the quantum needed to be paid to Splash. For now, there is no hike but in the future, we have to see what is the mechanism that wouldn’t burden the people. This is the responsibility of the state government as we cannot simple transfer the cost to consumers," he said at the sidelines of the Selangor state assembly today.
cheoky, haha... I listen to all three, hng33 as trading pro, Singor as insider tips, and Roger as contrarian warning. I am not like hng33 good at cutting loss & Singor good at collecting info, so Roger's warning helps in making sure I don't hold too much
btw, to fill in roger role is plain simple. get any of the parameters that fit into his so called oracle prediction and trumpet it. That is all. I think my concern here is the deal will through or not? Deadline? That is my main concern.
cheoky agree. I have similar concern. I think Puncak price is falling much less compared to others due to possibility of a deal to be completed soon. If deal can be completed in the next few days and Puncak trades above 3.30, I should be on a buying spree after selling my Puncak.
Cheeky Jolie: wat I told u it happened. 1. 2.50 (done) 2. market will down alot- from the day I said, the market was down until now (done). U just don know who u deal with. Hahaha.
hng33, why so hard on roger? If based on what you have posted, he must also be holding Puncak like us, more or less. So, lets all pray a deal to be announced within the next few days and price rises up to more than 3.30.
Selangor residents may have to bear higher water tariffs in future after the master agreement on the state’s water industry restructuring has been finalised, including the taking-over of the water concessionaires.
Menteri Besar Mohamed Azmin Ali said increased water tariffs might be considered for the long term due to the expected take-over costs to be borne by Pengurusan Air Selangor Sdn Bhd (Air Selangor).
“Implementation of the finalised agreement will surely involve the cost of restructuring the industry to ensure the supply of quality water, but the state government will not burden the people.
“To reduce the 35 percent of non-revenue water (NRW) currently, will also incur a high cost,” he said in reply to a supplementary question from Dr Wan Azizah Wan Ismail (PKR-Kajang) at the state assembly sitting in Shah Alam today.
Earlier, Mohamed Azmin (PKR-Bukit Antarabangsa) said the master agreement was finalised with the federal government on July 10, with a 60-day period for the implementation of the main conditions in the agreement, including the process of taking over the concession companies.
He said that to date, only Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) was still in the negotiation process, while that involving three other water concessionaires, Syarikat Bekalan Air Selangor (Syabas), Konsortioum Abbas Sdn Berhad (Abbas) and Puncak Niaga Holdings Berhad (PNHB) had been completed.
The menteri besar admitted that Selangor was facing treated water supply problem due to the lack of treatment plants to meet the supply needs of residents and industries in the state.
“The problem in Selangor is not due to raw water supply but inadequate treatment plants, which requires the building of the Langat 2 Water Treatment Plant to be expedited,” he said.
To a question from Ng Suee Lim (DAP-Sekinchan) on the giving of free water, Mohamed Azmin said the state government would study the matter as some consumers were found to have abused the facility.
“There have been claims that some who receive the benefit of free water, have been using it to wash cars, water their gardens and so on. However, at the moment the state government does not intend to cancel the free water programme,” he added.
Roger123 Cheeky Jolie: wat I told u it happened. 1. 2.50 (done) 2. market will down alot- from the day I said, the market was down until now (done). U just don know who u deal with. Hahaha. 17/08/2015 17:30
Roger123 I told u wait until dec 17/08/2015 17:30
Roger123 Our target 2.30 latest info 17/08/2015 16:56
Roger123 I only bought puncak Cg 300k. That is nothing ok? 17/08/2015 17:34
Roger123 Singer: I am not selling any now. I am buying between 2.50-2.52. Hahahaha. If hng sells, i will buy. If he buys, i will sell 15/08/2015 00:08
Roger123 0.08 and 0.085 r very cheap too me. 12/08/2015 18:19
Roger123 I am very sure i will get 20%++ return from CG... hahaha. i will sell at 0.10. Let see 12/08/2015 18:17
Should be glad with this news. At least show azmin is realistic. With water reserve 1%, resumption of syabas court against selangor, really this deal is no u turn in my opinion. Hope really is 60days. Roger want dec is understandable. Free clown to keep us entertained till dec. What a noble intention but bored with your performance. Need more training, mr roger.
It is just a matter of time, thing have move progressively, but cannot rule out possibilities to delay again. Therefore, better keep for some exposure only, if seal, even gap up a bit, it still have time to ride on it, if delay, bargain hunt again :D)
upsidedown, which part are you referring with regards to my pessimism? Is it "Think PR is Selangor is a real big joke! Don't even know how they have benefitted the people delaying the water restructuring for such a long time... "
If you are referring to this, well, I am pessimistic about the management skill of PR (and future federal under PR) rather than future of Puncak. Based on his statement, Azmin seems to suggest higher water tariff in future, leaving only on whom should bear the burden. An earlier settlement with Puncak & Gamuda should lower the cost of restructuring, but Azmin has emphasized politics over the administration of water issue.
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....
Wiwangwang
238 posts
Posted by Wiwangwang > 2015-08-17 14:23 | Report Abuse
Deal already done . Just hold n wait for the wind fall durian ... Everyone here huart ar .. After puncak next will be KPS