Splash is a side-game. If they do not cooperate, Azmin can build more water treatment plants. Langat 2 is coming. Azmin can do without Splash. That's why Khalid the previous MB was offering a pittance for Splash. It was an offer designed to be rejected! Syabas (owned by Puncak) is the main game! With control of the pipes, Azmin controls the water distribution and can name his price for purchase of treated water from Splash. With Langat 2, Splash's bargaining power is further weakened! If Azmin plays hard-ball, he has enough funds to build more treatment plants at likely very much lower cost than the price Splash is asking for! For RM250 million, Azmin can build a very large treatment plant to replace Splash!
In short, the Selangor water restructuring can proceed with just Puncak and Syabas. And Azmin has RM3.7 billion to play with - at least RM1 billion 'more than you know who'!
I don't think Azmin will pay much more than the RM250 million offered for Splash - which I think is the replacement cost of Splash's water treatment plant. It will be politically unwise for him to do so. There may be an increase for good-will of say RM50 million but not much more. Therefore if Splash do not want to settle, Azmin will rather not buy.
just react a bit strange!!??.....Yesterday, he already give 'hint' .... 'Our target 2.30 latest info'.....but not surprise, later today he will claim back that today he is buying lor...' U just don know who u deal with. Hahaha'
Hahaha, Of course we need to take 'good care' of clown Roger123 comment, his always give us 'hint' if materialize, then it will follow by ' i told you' and give fresh 'hint'. Now with his even higher trick pump high, dump low....七伤拳 and further upgraded 九伤拳, so, must 'careful' deal with him lor :D)
hahaha, already have some earlier batch to continue keep exposure already, back to my strategy, to just keep some exposure, preserve capital to ride on it if deal seal or bargain hunt if delay again :D)
What are you dudes waiting for? The market to collapse tomorrow? For Roger123 to pump lower? For hng33 to do more front-running? It's now than never babies!
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 hng: preserve capital to ride on it if deal seal or bargain hunt if delay again :D)??? No confidence? Hahaha OMG 18/08/2015 22:33
Remember to buyback if once the deal is confirm and seal, it may gap up a bit (like +10-20sen), but still safe ride on it and waiting for its windfall dividend.
I still holding earlier batch at average RM 2.537 and to keep it for continue exposure. I still like to trade if on weakness and sell back for trading purpose and avoid tight too much capital on it, awaiting for Puncak deadline next month outcome: to ride on it if deal seal or bargain hunt if delay again.
Must ensure you always have free capital ready for bargain hunt in these uncertainty market and diversify your portfolio.
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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....
Roger123
1,821 posts
Posted by Roger123 > 2015-08-18 10:20 | Report Abuse
buy buy faster