Posted by sudahkena > 2015-09-08 20:41 | Report Abuse

I never experienced limit up.. hope this time either fr puncak or kps...

Posted by zamsaham > 2015-09-08 20:43 | Report Abuse

The EDGE lately memang bodo and slow

http://www.thestar.com.my/News/Nation/2015/09/08/Selangor-water-deal-signed/

Posted by SinGor > 2015-09-08 20:44 | Report Abuse

kahhoeng. I think Edge is blacklisted by Fed and not invited.

Posted by cheoky > 2015-09-08 20:47 | Report Abuse

lol. my wish for gap up too but never know. As long as the price can reflect its real worth on puncak. I am happy. I think now is to shake out bitten multiple times and shy perception on puncak deal. Official annoucement by puncak is important.

Posted by zamsaham > 2015-09-08 20:54 | Report Abuse

270 seems to be very tough resistance today.
+20% upside is normal for big deal...

So from recent low of 235 +/-, so 20% upside is 2.80 :(

Posted by hng33 > 2015-09-08 20:55 | Report Abuse

Just be more realistic with tommorrow target price, first resistance at 2.80, follow by next 3.00, puncak still need time to set dividend entitlment date and ex date

Posted by SinGor > 2015-09-08 20:55 | Report Abuse

Tomolo jump in -- buy 200K. But no more money. Roger can loan RM500K

Posted by kahhoeng > 2015-09-08 21:05 | Report Abuse

hopefully Puncak will rise above 3 tomorrow, best if ended above 3.10. Think the news is heavily unexpected!

Posted by SinGor > 2015-09-08 21:26 | Report Abuse

Bear Market--no volume. 4 months ago even Roger said somethings stupid. Market still logged
in 2million shares. Today only 1.1 million

Posted by ckk2266 > 2015-09-08 21:26 | Report Abuse

http://m.selangorku.com/?post=80837

Posted by jacklintan > 2015-09-08 21:41 | Report Abuse

Tomorrow my breakfast and lunch at home. lol

Posted by MoneyInTheAir > 2015-09-08 21:47 | Report Abuse

http://www.thestar.com.my/News/Nation/2015/09/08/Selangor-water-deal-signed/

Posted by jacklintan > 2015-09-08 21:50 | Report Abuse

Thank u MoneyInTheAir. A successful take over after months of waiting. Bravo Azmin Ali!.

Posted by jacklintan > 2015-09-08 21:55 | Report Abuse

I just lock in 3xlots @ 2.70. Whose next? ;)

Posted by sudahkena > 2015-09-08 21:57 | Report Abuse

Now can sleep well...

Posted by Ernest Siao > 2015-09-08 22:04 | Report Abuse

good show tomorrow hopefully..

Posted by cheoky > 2015-09-08 22:14 | Report Abuse

market cap rm1130m, someone as frugal and niao like azmin confirmed will buy rm1550m from u one month down the road. with net cash about rm200m and some other assets. rm1700m cash at least.. who dont want to be rozali now...i want to be part of it...margin is like big frog jump around...

Posted by money888 > 2015-09-08 22:51 | Report Abuse

Wish EPF and LTH join the party tomorrow to clear resistance and push up the price!

Posted by ckk2266 > 2015-09-09 00:26 | Report Abuse

Federal government will provide a RM2b allocation to enable Selangor government to take over equities of the concessionaires and their liabilities.

Water,-government,-Selangor,-Maximus-Ongkili2

SHAH ALAM: The water restructuring exercise between the federal and Selangor state governments was finalised today with the signing of four agreements, said Energy, Green Technology and Water Minister Dr Maximus Ongkili.
The agreements – comprising the Facilities Agreement, Lease Agreement, Settlement Agreement and Rights of Use Agreement – are conditions to effect the master agreement for the restructuring exercise.
Ongkili said with the sealing of the agreements, Pengurusan Air Selangor Sdn Bhd (Air Selangor) should finalise the takeover of Puncak Niaga (M) Sdn Bhd (PNSB) and Syarikat Bekalan Air Selangor (Syabas) within two weeks when the master agreement comes into force on September 9.
“After the completion of the takeover of PNSB and Syabas, Air Selangor should also finalise the takeover of Konsortium ABASS within four months,” he told reporters after attending the signing of the four agreements between Pengurusan Aset Air Bhd (PAAB) and Air Selangor here today.
The agreements were signed by PAAB chief excutive officer (CEO) Ahmad Faizal Abdul Rahim and Air Selangor CEO Suhaimi Kamaralzaman, witnessed by Ongkili and Selangor Menteri Besar Mohamed Azmin Ali.
Under the master agreement inked on September 12, 2014, the federal government will provide a RM2 billion allocation to enable the state government to take over the equities of the concessionaires and, via PAAB, their liabilities totalling RM7.694 billion.
In return, the state government will hand over its water assets to PAAB.
These assets will be re-leased by PAAB to Air Selangor for a 40-year period, as practised in the restructuring of the water industry in other states.
Meanwhile, Ongkili said the Facilities and Services licences issued to Air Selangor will enable it to acquire assets in Selangor and provide water supply services in Selangor, Kuala Lumpur and Putrajaya.
“However, these licences will only take effect on February 22, 2016 to enable the fulfilment of the conditions precedent to the Facilities Agreement,” he said.
He said the state government had also given the necessary approvals to enable PAAB to continue with the construction of the Langat 2 water treatment plant and its distribution system, expected to be fully operational in 2019.
Meanwhile, Mohamed Azmin in the same press conference said negotiations between the Selangor government and Splash on the offer to take over water assets of the concessionaire were still ongoing.
He said the talks were still premature, with Splash given until July next year to conclude negotiations.
The Selangor government had made a net offer of RM250.6 million in February last year to buy the water assets owned by Gamuda Bhd.
Gamuda owns a 40% stake in Splash.
– BERNAMA

Posted by zamsaham > 2015-09-09 00:35 | Report Abuse

GAMUDA was making a run up lately
380 to 450, really good one +18%

Posted by ckk2266 > 2015-09-09 00:35 | Report Abuse

http://m.selangorku.com/?post=80840

Posted by ckk2266 > 2015-09-09 00:38 | Report Abuse

http://www.theedgemarkets.com/my/article/four-supplement-agreements-selangor%E2%80%99s-water-asset-consolidation-signed

Posted by confuse > 2015-09-09 00:49 | Report Abuse

When can I receive RM 1 special dividend?

Posted by ckk2266 > 2015-09-09 05:38 | Report Abuse

KUALA UMPUR: Both the state and federal governments have kept to the 60-day deadline to sign the four supplementary agreements related to Selangor’s water asset consolidation exercise.

Four agreements were signed yesterday between state-owned Pengurusan Air Selangor Sdn Bhd (Air Selangor) and Pengurusan Asset Air Bhd (PAAB), which is controlled by the federal government. The agreements were the Facilities Agreement, Lease Agreement, Rights of Use Agreement and Settlement Agreement.

However, this certainly does not mark the completion of Selangor’s long-delayed consolidation exercise, simply because Pengeluar Air Sungai Selangor Sdn Bhd (Splash), the state’s largest water treatment plant, has not agreed to sell its water assets to the state government as the former demands a higher price.

According to Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili, the ball remains in the state’s court but the federal government may lend a helping hand to resolve the impasse if Selangor needs it.

“Now it is for the state to make the offer to them [Splash] and [work out] the costing and the federal [government] can then consider how much and how we can help,” said Ongkili, noting that the pricing for Splash was up to the state to decide.

“There are 12 months to conclude the restructuring of Splash, and there is about RM300 million left [from the RM9.65 billion allocated for the acquisition of the four water concessionaires by Selangor

“If the amount is more ... then the state government will do the proposal to the federal government if they need our help,” Ongkili said

Gamuda Bhd owns a 40% stake in Splash, while Tan Sri Wan Azmi Wan Hamzah and the Selangor state holds 30% each. Gamuda group managing director Datuk Lin Yun Ling once said Splash should be valued at least at its book value of RM2.8 billion compared to the state’s offer of RM1.8 billion.

The four concessionaires are Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), which distributes treated water in the Klang Valley, Puncak Niaga Sdn Bhd (PNSB), Splash and Konsortium Abass Sdn Bhd. Both Syabas and PNSB are controlled by Puncak Niaga Holdings Bhd, which has agreed to sell all its water assets.

Selangor Menteri Besar Mohamed Azmin Ali, who was seated beside Ongkili at the signing ceremony, was tight-lipped on the price being ne- gotiated with Splash. “I don’t think we can reveal the amount now, as discussions are still premature. And certainly we will go back to the federal [government] to discuss the details,” he told reporters. But Mohamed Azmin is confident that the state should be able to conclude the negotiation with Splash before July next year.

The menteri besar said the signing of the four agreements had facilitated the completion of the master agreement and the release of up to RM2 billion from PAAB to Air Selangor as financing for the acquisition of the four concessionaires.

Posted by cheoky > 2015-09-09 08:16 | Report Abuse

Like that, more players will switch from kps n gamuda to puncak lo? Daging semua puncak sapu.....

Posted by CaoCao > 2015-09-09 08:53 | Report Abuse

Amend- puncak 2 weeks finalise, super fast.... so the next question is if splash revive ( up ) the price of the takeover, are puncak also entitle to some revamp?

Posted by kahhoeng > 2015-09-09 08:59 | Report Abuse

the more I read into news, the more I felt that the politicians are feeling the pain from frequent water disruptions of late in Selangor. Why else would they consider to take over Puncak and Syabas before ABBAS when both Puncak and KPS have agreed to the takeover offer?!? Do we need to thank Rozali for this?!?

wonder if analysts are that slow to react to Selangor water restructuring news or if they are still not confident with the signing?!? CIMB Research does not published any revised valuation on Puncak today

opening 2.76?

Posted by CaoCao > 2015-09-09 08:59 | Report Abuse

kahhoeng

i think is because of syabas priority in this water restructuring procedure and also puncak amount is bigger + the fact that puncak oledi wait around 9 months of delay oledi so they wont allow another one.

Posted by superspeculator > 2015-09-09 09:02 | Report Abuse

Open at 2.73? LOL

Posted by CaoCao > 2015-09-09 09:02 | Report Abuse

i think is roger lah ... this is his patern :-)

Posted by speakup > 2015-09-09 09:04 | Report Abuse

look like "Sell on news"

Posted by hng33 > 2015-09-09 09:07 | Report Abuse

Sold off all Puncak at 2.73-2.75

Posted by speakup > 2015-09-09 09:08 | Report Abuse

sifu hng sell.....means SELL!!!!!

Posted by Mikkel Low > 2015-09-09 09:08 | Report Abuse

why sold off?

Posted by speakup > 2015-09-09 09:12 | Report Abuse

SELL ON NEWS mah!

Posted by speakup > 2015-09-09 09:12 | Report Abuse

remember:
amateurs BUY on news
professionals SELL on news

Posted by Mikkel Low > 2015-09-09 09:12 | Report Abuse

Then BUY ON?? lolx

Posted by kahhoeng > 2015-09-09 09:16 | Report Abuse

really have to respect hng33, selling when knowing deal is to be completed and market cap is at heavy discount to Selangor water asset disposal

Posted by CaoCao > 2015-09-09 09:16 | Report Abuse

what a drama!! i though is roger... the answer is hng33!! ... like watching crime movie.

Posted by hng33 > 2015-09-09 09:18 | Report Abuse

Bought back some at 2.69-2.70

Posted by sudahkena > 2015-09-09 09:18 | Report Abuse

Give chance to umno man buy share???

Posted by king555 > 2015-09-09 09:18 | Report Abuse

must wait research analyst come out the report only will push up

Posted by hng33 > 2015-09-09 09:27 | Report Abuse

hahaha, after sold off all at average RM 2.742, realize 2 days contra (average cost RM 2.678) and paper profit (average cost RM 2.536), now it just a time to slowly bargain hunt and accumulate back again :D)

Posted by speakup > 2015-09-09 09:31 | Report Abuse

already say, insiders bought 2.60 before news out, insiders sell 2.70 after news out.

Posted by speakup > 2015-09-09 09:31 | Report Abuse

classic case of BUY ON RUMOUR, SELL ON NEWS.

Posted by fzank > 2015-09-09 09:39 | Report Abuse

fzank: I'm a man ok??
Posted by jacklintan > Sep 8, 2015 04:42 PM

lol .. it's ok ... nobody is born perfect .... hehehe

Posted by money888 > 2015-09-09 09:40 | Report Abuse

maybe Roger sell down...

Posted by speakup > 2015-09-09 09:43 | Report Abuse

GAME OVER!

Posted by upsidedown119 > 2015-09-09 09:44 | Report Abuse

Awaiting Roxali's announcement. As I have said we have a front-runner in the forum.

Posted by fzank > 2015-09-09 09:46 | Report Abuse

dedicated to all those that BUY ON RUMOUR, SELL ON NEWS ...

www.youtube.com/watch?v=DgqPpdluoes