Posted by kahhoeng > 2015-09-04 14:50 | Report Abuse

Trading so thin today, guess no announcement later

Posted by SinGor > 2015-09-04 15:02 | Report Abuse

Ask Roger to throw another 500K. at 2.50

Posted by SinGor > 2015-09-04 15:08 | Report Abuse

I think Roger is a Beef Stake in Maybank cooked well done ( usually forex drops MBB drops)

Posted by hng33 > 2015-09-04 15:20 | Report Abuse

hahaha, don scare roger lar, he still can get his Maybank upcoming 24 sen dividend to cushion :D)

Posted by upsidedown119 > 2015-09-04 15:20 | Report Abuse

ec1705. Not moral policing ala JAIS. Policing against illegal insider trading and share price manipulation - the latter is rife in Malaysia. If you are smart enough to void being cheated, good on you. But not all are as smart as you make yourself out to be, including me.

hng33. Good idea. Let's change the subject. We will never agree, until the sword of Damocles fall on those bangsats' necks!

Posted by upsidedown119 > 2015-09-04 15:22 | Report Abuse

hng33. There goes your Maybank...down! You got out yesterday in time!

Posted by hng33 > 2015-09-04 15:33 | Report Abuse

upsidedown119

No problem, Maybank still attractive to me, but now capital tight to skept, only manage to rolling 1 time these morning (bought 1.76, sold 1.80, bought back 1.77...but now...still have to wait.

Posted by upsidedown119 > 2015-09-04 15:38 | Report Abuse

hng33. My Gkent just jumped. I am more faithful. Just don't the heart to dump lah..until the price is right.

Posted by hng33 > 2015-09-04 15:47 | Report Abuse

upsidedown119

Gkent is expect to secure LRT extension project, its highly political link, but check recently you seem no comment in its thread, maybe you are long term holding

Posted by upsidedown119 > 2015-09-04 15:57 | Report Abuse

Yeah, I am long term holding. I am a faithful man..love my stock too much... sometimes. Besides I don't comment on any threads, just the more interesting ones..like the one with spidee in KSL who wanted to greet me (sigh!) in her red lobotins!

Posted by hng33 > 2015-09-04 16:03 | Report Abuse

upsidedown119

'long term holding, faithful man, love stock too much....it work very well if company have dedicated management, willing to share company profit with minority through consistent dividend payout such as PBank

Posted by upsidedown119 > 2015-09-04 16:09 | Report Abuse

Puncak will also go up once the deal is sealed; but because it got a RM1 divvy, it will likely gap up once the deal is sealed and announced.

Posted by upsidedown119 > 2015-09-04 16:35 | Report Abuse

hng33. Yeah, it works only if the company is equally faithful and dedicated. Same with women..!

Posted by upsidedown119 > 2015-09-04 16:41 | Report Abuse

See this: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=588072:bursa-queries-caring-over-jump-in-share-price&Itemid=3#axzz3kkowbK9L

Bursa should also query sharp drop in price.

Posted by hng33 > 2015-09-04 16:42 | Report Abuse

upsidedown119

hahaha, hope jacklintan can give you a like !

Posted by SinGor > 2015-09-04 17:10 | Report Abuse

Kenny Roger Roast Chicken--Sedap

Posted by kahhoeng > 2015-09-04 17:48 | Report Abuse

singor, when do you think the water restructuring will be announced completed? thanks

Posted by jacklintan > 2015-09-04 20:10 | Report Abuse

Hng33: I do not agree to a degree of your investment preference. You are in fact, making profits based on "daily trading". You have not consider the amount of disposal costs you are inflicted with.

I believed you're a Retailer out there and everyday, you're expecting your shop is making money. I can see too, you're applying it with stock market. Even though you're well versed with the fundamental analysis of investing, take note, it doesn't reflect well on a true value investing of potential company/stocks.

A real true investor, I have to say, in this forum is "stkoay". The most silent person in the forum for now. He is right to quit the market for now and he did it right. We are all here, because we are trapped over Puncak. I am myself too, to be honest.

Everyday, kahheong, roger123 and some others we are waiting for the announcement. Didn't we?

Upsidedown119, you're right about the insider trading. We are often made a fool by our government. Hedging is illegal in general perspective. Malaysia is illegal. Seriously, no hedging in Malaysia? Think about it. Certain prices bought by big companies e.g. EPF, Amanah, do they write how much they acquired the share price??? We are all too small to think we know-it-all about what's going on with Bursa. It's a remake of Babylon waiting to fall. Big time!

1% of the richest in M'sia, rule the 99% of the middle and poor class in Malaysia. And out of the .0.5% of the richest, have stop investing. Sorry, my 2 cents.

For me if Puncak is still no news out, I'm going to sell at loss no matter what. The coming recession is riskier than 2008.

Posted by jacklintan > 2015-09-04 20:14 | Report Abuse

upsidedown119: I answered your timely comment : 03/09/2015 22:04

Posted by kahhoeng > 2015-09-04 20:25 | Report Abuse

jacklintan, hng33 adopts a different approach to investment. Its hard to say on who's right or wrong. On a uptrend market, our hold and wait approach usually works best. On a downtrend, stkoay's probably is the best, having avoided all risk. On a yoyo trend, though, hng33 is the safest, especially so when he's able to sense the upcoming up-movement. The bigger issue is, who can time the market best? Guess there is no telling until the game ends, or when the players have decided to leave the table.

Frankly, I have initially adopted a sell to 30% cash last October had it not been the 'superb' opportunity (turns out to be a disaster) I 'sense' out of Puncak.

On insider trading, from my understanding, even the most 'liquid' market like US also can't avoid it. Even with heavy penalty, it still happens.

Current market situation, quite frankly, is not all that bad. Its more like half empty scenario. Quite some stocks have reached or near their 2007/2008 lows. Sometimes, when everybody is saying the worst is yet to come, probably its the worst already, unless its the Great Depression, which I doubt could happen given central governments around the world are more willing to print. Our nation is suffering of late, in my opinion, is due more to falling natural gas price, which is around USD8 per MMBTU, besides falling crude oil and palm oil. The commodity prices may not yet see their bottom, but most likely not too far given the replacement cost.

Posted by jacklintan > 2015-09-04 20:32 | Report Abuse

kahheong: Agree with you on investment approach. We can't speak for one and another.

Posted by jacklintan > 2015-09-04 20:37 | Report Abuse

hng33: Ok, noted. You prove your strategy is right at this moment. I cannot copy your style as I do not have the amount of confident with the market until I yield from Puncak.

Posted by cheoky > 2015-09-04 20:51 | Report Abuse

Wah, all bottom heart talks..... Market is indeed TGH. Total Great Humiliator. God bless puncak s&p is sealed next week....

Posted by hng33 > 2015-09-04 20:53 | Report Abuse

Jacklintan

Exactly, i not true value investor ever since started bought Puncak last year....value it as high 3.80 based on cash holding after water assest disposal. But, what it turn out? It drag my whole portfolio for as long as 4 month, and yet Puncak share keep downturn, i keep on average down as i am 'true value investor' at that time....Puncak share price indeed perfrom to above 3.10...but too short live...but deal delay delay... back down again....all paper profit almost vanish.....lastly decided to sold off all but only realize marginal profit...it definite Not worth for my effort to have 0 profit for 4 month and realize small at the end of 5 month....another excample is DRB hicome, is definitely worth more if you adpot value investing....but how it turn out then, share price keep going down, i keep averaging down ....but it the end cut all loss.....swap to average down Puncak as it is even more value investing.....these two bad experience have lead me to change strategy from value investor and buy and hold, to now active trader....it work very well so far, i can actively bargain hunt at anytime for any stock i want, rolling profit on and on, bigger and bigger and for your information, although i own retail shop, but is co-own with my relative, and is operate by him. I only accord my share of profit every quarter and annual bonus. That why, i am free and full time in stock market, therefore, be active trader is best for me.

Nevertheless, i still have value investing in my mind, that why, i allocate some capital to invest in Puncak for continous exposure, if deal seal, Puncak gap up, i will be have higher margin for my earlier batch, and smaller profit margin but higher volume for later batch as i ride on gap up price.

Posted by SinGor > 2015-09-04 20:55 | Report Abuse

Kahheong. The final roadblock is Najib bcoz 10 billion is needed. Najib approved LRT3 today
for George Kent as expected. Really hope Wed next week, Najib will give the Green light.

Posted by hng33 > 2015-09-04 21:00 | Report Abuse

GOOD, all the best for Puncak next week.

Posted by kahhoeng > 2015-09-04 21:18 | Report Abuse

Singor, thanks. Your info always comfort me :)

Posted by Stockwatch > 2015-09-04 21:22 | Report Abuse

Just sharing.Ever since the introduction of 6% GST which is charged on clearing fee and on brokerage with contract stamp excluded what are your views on this? Personally I have stopped trading unless some stocks approach the intrinsic values which are, relative speaking post 2008, are worth having a second look and "keep it" as you see "value" and not the price...as a cheap stock may not have the fundamentals to support it like consumer and retail stocks etc.

What I am noticing is the active trading on liquid stocks and call warrants and puts...sure one may earn free money on momentum play...just that this time around the government earns 6% tax both ways ie. buy and sell trading activities and I notice it is a kind of "soft" capital gains tax whether you make money or cut loss which gives unlimited upside to the government revenue as the government is grappling with low commodity prices of crude oil, LNG and palm oil but revenue collection from bursa trading activities bucked the trend.Ironic isn't it in a market with no fresh leads?

I believe if you trade in the United States there is a capital gains tax but this is offset against losses if any.

Posted by kahhoeng > 2015-09-04 21:36 | Report Abuse

6% is small compared to brokerage fee and stamp duty. Brokerage fee can be reduced if you don't use margin account and negotiate for best rate. stamp duty can be lowered only if you trade above 200K per share per day, something only big boys enjoy.

Wonder if Rozali is pro-Najib or pro-Mahathir?!?

Posted by upsidedown119 > 2015-09-04 21:47 | Report Abuse

jacklintan. Noted. Coffee date it is when Puncak crosses RM3.80.

Posted by cheoky > 2015-09-04 22:59 | Report Abuse

Wish singor comment come true........insyallah

Posted by kahhoeng > 2015-09-04 23:37 | Report Abuse

upsidedown, probably aim for 3.50 instead of 3.80. Even 3.50 is a high hope given so poor sentiment in market right now. Otherwise, you may never know if jacklintan is female or male.

Posted by cheoky > 2015-09-05 09:31 | Report Abuse

To be accused by azmin, country coffer got no money to complete the water re? This is not what najib want at this point of time if I am him. Connecting dots are pointing toward completion. Furthermore, with rozali flush with cash, umno can do some programs, perhaps red shirt demo... Final 10m wanna give up is not a good move. Just pray. Azmin now also diam diam....less actions probably is a best move and most rewarded at the end. Let see....

Posted by arvin6 > 2015-09-05 09:54 | Report Abuse

Hng33 Just wanto know the 60days to conclude the water deal is without public holiday or include ? Confuse . Thanks ya

Posted by kahhoeng > 2015-09-05 10:09 | Report Abuse

just asked google 大神，apparently Rozali and Najib are abang adik. Guess that's comforting news.

Posted by jacklintan > 2015-09-05 17:15 | Report Abuse

We need to be Rozali to understand why Puncak didn't go through.
Why didn't the deal go through smoothly? Have Selangor seen Puncak account yet?
My only fear is Puncak is just a shelf displayed company. Scary isn't it?
Could they just create "fake wonderful" news for us to buy on the value?
Please comment. TQ.

Posted by upsidedown119 > 2015-09-05 19:09 | Report Abuse

jacklintan. I have gone through Puncak's latest quarterly and first half year accounts. After sale of water assets, it will still have the construction and Oil and Gas and unspecified 'other' businesses. These generates over RM300 million revenue per year. More important, after the sale, Puncak will be vitually debt free and will have cash of about RM1.92 billion - RM420M now plus RM1.5 billion form sale. After payment of RM1 per share special dividend, it will still have RM1.5 billion (RM1.92 billion less RM420 million). Its net cash backing per share alone will then be RM3.60 per share i.e AFTER paying the RM1 special dividend. Puncak's other businesses are not very profitable, generating an overall net loss of RM12.5 million for the first half year. Oil and Gas's potential is rather long term and both are now down. The future value of Puncak depends on how Puncak uses its RM1.5 billion cash hoard after the sale of its water assets.

Posted by kahhoeng > 2015-09-05 20:21 | Report Abuse

From most recent quarter report:

trade & receivable 176,570,000
short term investment 10,375,000
cash in hand 423,812,000
loans & borrowing (long) (182,977,000)
loans & borrowing (short) (42,941,000)
trade & other payable (216,023,000)
net cash in hand before any conversion 168,816,000
converted bonds (assumed full) 141,596,000
converted warrants (assumed full) 35,787,000
net cash after full conversion 346,199,000
proceed from water asset disposal 1,555,300,000
total cash in hand 1,901,499,000
outstanding shares 532,517,000
per share cash in hand RM 3.57 before special dividend

If excluding receivable and payable, per share cash in hand should be RM 3.64 per share before special dividend. Aside from this, Puncak should still have roughly RM 1.00 per share of fixed asset and an additional cash of RM 306,000 from disposing Hebei water supply co.

Posted by upsidedown119 > 2015-09-05 22:29 | Report Abuse

kahhoeng. I have double checked. Puncak's outstanding shares is 418 million. Even if all warrants converted, total will be 454 million.

Posted by upsidedown119 > 2015-09-05 22:38 | Report Abuse

kahhoeng. Besides you have got the figures mixed up. For a start, do you understand the meaning of net cash? How can total cash in hand including sale be RM1.9 billion only? If you do not know how to add or understand figures, please don't confuse yourself and the forum.

Posted by kahhoeng > 2015-09-05 23:11 | Report Abuse

upsidedown,

418 million shares don't include warrant conversion as well as sukuk conversion. There are RM 140 over millions of sukuk convertible into Puncak shares @ RM 2 a share. 532 million shares is stated in the circular to shareholders with regards to disposal of Selangor water asset. Net cash in hand after conversion of 346.199 millions has not considered the proceed of 1,555.3 millions from Selangor water asset disposal. It merely reflects cash in hand after all sukuk and warrants are converted into Puncak shares. I include receivables and payables by treating them as cash because receivables is larger than payables, which is why I added RM 3.64 as net cash in hand if receivables and payables are not in the table.

My analysis earlier this year suggests RM 3.70, higher than current RM 3.57 due to losses in other businesses and added fixed asset. Hng33 should be able to confirm my analysis.

Posted by sudahkena > 2015-09-06 22:39 | Report Abuse

http://www.therakyatpost.com/news/2015/09/06/selangor-water-deal-to-be-concluded-this-week/


good news??? Just relax....

Posted by sudahkena > 2015-09-06 22:43 | Report Abuse

The money fr puncak is very important for umno especially selangor... need also consider is cronies langat2..... but currently pkr n azmin aggressively hentam jibby.. wonder azmin n jibby can shake hand??? So I see the opportunity n delay again is 50-50..

Posted by sudahkena > 2015-09-06 22:52 | Report Abuse

But good can heard something fr ongkili...

Posted by sudahkena > 2015-09-06 23:07 | Report Abuse

KUALA LUMPUR, Sept 6, 2015:

The water deal between the Federal Government and the Selangor State Government will conclude this week.In a statement today, the Ministry of Energy, Green Technology and Water (Kettha) said this would be done at a signing ceremony between Pengurusan Aset Air Berhad (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor) on Tuesday (Sept 8), where four agreements would be sealed.“The four agreements are the Facilities Agreement, Lease Agreement, Rights of Use Agreement and Settlement Agreement, which are Condition Precedents to effect the Master Agreement for the restructuring exercise,” stated Kettha.The event will also see Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili hand over the facilities and service licences issued to Air Selangor to Selangor Menteri Besar Mohamed Azmin Ali.“This is the final condition precedent to the master agreement that needs to be fulfilled by the federal government.“With the conclusion of the agreements and handing over of the licences, the critical condition precedents will be completed and fulfilled.“This means the master agreement will take effect from Sept 9,” added Kettha.According to Kettha, once the master agreement was in effect, Air Selangor would be able to hand over the required titles with a value of RM2 billion to PAAB in order for it to provide the funds needed for Air Selangor to take over the state’s water concessionaires.The deal between the federal and state governments was previously expected to be signed on Sept 13.Read more: http://www.therakyatpost.com/news/2015/09/06/selangor-water-deal-to-be-concluded-this-week/#ixzz3kyHPoI6f

Posted by sudahkena > 2015-09-06 23:13 | Report Abuse

http://www.sinarharian.com.my/edisi/selangor-kl/penstrukturan-semula-air-selangor-akan-dimuktamad-1.427890

Now also in sinar hariamn. Look ths news more valid...

how roger???

Posted by kahhoeng > 2015-09-06 23:32 | Report Abuse

hopefully this is for real now! Also saw this on Malaysia Insider

http://www.themalaysianinsider.com/malaysia/article/water-deal-between-putrajaya-and-selangor-concludes-tuesday

The water deal between the federal government and Selangor government will be concluded on Tuesday, according to the Energy, Green Technology and Water Ministry tonight.

A signing ceremony of the deal will be held in Shah Alam between Pengurusan Aset Air Berhad (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor) to seal four agreements under the restructuring of Selangor's water services industry.

In a statement released by the ministry, the four agreements are the Facilities Agreement, Lease Agreement, Rights of Use Agreement and Settlement Agreement, which are Condition Precedents to effect the Master Agreement for the restructuring exercise.

At the same event, Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili will hand over to Selangor Menteri Besar Mohamed Azmin Ali the Facilities and Service Licenses issued to Air Selangor.

This is the final Condition Precedent to the Master Agreement that needs to be fulfilled by the federal government.

"With the conclusion of the agreements and handing over of the licenses, the critical Condition Precedents would be completed and fulfilled.

This means the Master Agreement will take effect from September 9, 2015," the statement said.

With the Master Agreement in effect, Air Selangor can now hand over the required land titles with value of up to RM2 billion to PAAB in order for PAAB to provide the necessary funds for Air Selangor to take over the Selangor water concessionaires. – Bernama, September 6, 2015.

Posted by cheoky > 2015-09-06 23:42 | Report Abuse

Patience and faith to be rewarded? Gap up tmr?

Posted by cheoky > 2015-09-07 00:17 | Report Abuse

Enough worries liao, Kahhoeng. Let puncak climb over the wall of pessimism and free bull run. Singor indeed triump over roger. Clown show is over. Sitting back and watch how puncak run wild.

Posted by upsidedown119 > 2015-09-07 08:13 | Report Abuse

Yeah, kick start with RM2 billion! Its the RM2 billion babies! The rest can go to you know where!