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

Hng...kahhoeng.... puncak price will futher down if warrant n sukut conversation???

Posted by sudahkena > 2015-09-09 21:37 | Report Abuse

The fact.. we dont need worry too much.. it matter of time...when rozali declare exdate..

Posted by sudahkena > 2015-09-09 21:38 | Report Abuse

But as a human... today performance really sad me....

Posted by sudahkena > 2015-09-09 21:38 | Report Abuse

I also fail to influence my friends to buy puncak .....

Posted by sudahkena > 2015-09-09 21:39 | Report Abuse

Double sadness. .

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

sudahkena, truth is, if not saddled with this investment, I would have purchased others who have suffered from the currencies depreciation and waited for another year or two for Ringgit to recover slightly and watch their valuation improved. Puncak is right now the equivalent of sweetened 鸡肋. I also don't know what to do with it, haha... Don't think warrant conversion will cause Puncak price to drop, but not sure about sukuk. Really have to know sukuk holders to decide, one on if they will convert and another if they are long term investors. (don't tell me its rozali, hahaha...)

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

Ah, forgot to mention, if I were not wrong, Puncak also has 250 acres of land in Kuala Selangor, wonder if that land is valuable?!? Think its suitable for township development, just not sure if the location is good or not

Posted by jacklintan > 2015-09-09 22:49 | Report Abuse

sudahkena: Made me sad, when I read your comments here. Puncak is not dead yet. Look at DRBHcom. Worse ever scenerio than Puncak.

kahheong: relax...

Posted by kfui > 2015-09-09 22:50 | Report Abuse

purposely set low TP to accumulate then revise up TP when puncak received proceeds?

Posted by hng33 > 2015-09-10 00:01 | Report Abuse

Calm down, thing alrdy very clear, puncak will announce later once it received cash payment RM 1.55 bil from air selangor in witin next 2 week, then, only the entire take over is complete. puncak will then later set the dividend entitlement date.

With cash proceed from water disposal, puncak is in good position to bid and secure more gov contract or concension ahead, much alike what is Salcon doing now.

Posted by stocktrader3 > 2015-09-10 02:36 | Report Abuse

will this kind of dividend also dilute the share price after ex?

Posted by sell > 2015-09-10 03:04 | Report Abuse

You get RM 1 dividend but no more profitable water business. Still unclear what they plan to do with remaining cash. As someone said fear Rozali will siphon with remaining cash hence EPF stay away.

Posted by ckk2266 > 2015-09-10 05:28 | Report Abuse

MIDF research report @ 9 September- Maintain neutral with an un changed target price (TP) of RM3.16

Posted by jacklintan > 2015-09-10 07:45 | Report Abuse

Yes, you're right hng33.

Posted by sudahkena > 2015-09-10 08:18 | Report Abuse

http://m.thesundaily.my/news/1548411

Posted by MoneyInTheAir > 2015-09-10 08:40 | Report Abuse

Air Selangor has 2weeks to take over PNSB and Syabas.

The signatories hv 5 months beginning today to complete all CP including transfer the Syabas concession afreement as well as conclude concession agreements related to PNSB and Abbas.

So is 2weeks or 5months,anyone can explain?

Posted by SinGor > 2015-09-10 08:44 | Report Abuse

Don't paid who will let you move asset.

Posted by hng33 > 2015-09-10 08:48 | Report Abuse

MoneyInTheAir

2 weeks is for Puncak, within 5 month is for Abbass as its still yet to secure KPS shareholder approval in EGM

Posted by cheoky > 2015-09-10 09:03 | Report Abuse

They hire ahmad maslan or artists to be their analyst? Last time target price can go up to RM4.20. up rm2.8 and rm3.16. Really bolehland lo.

Posted by wealthylai > 2015-09-10 09:11 | Report Abuse

Will the warrant-WB price goes-up to say RM2.50 when announce ex-dividend ?

Posted by hng33 > 2015-09-10 09:28 | Report Abuse

wealthylai

Warrant holder are NOT entitle to dividend.

Posted by money888 > 2015-09-10 09:29 | Report Abuse

can accumulate more now, two weeks later....hoh sei!!

Posted by upsidedown119 > 2015-09-10 09:36 | Report Abuse

hng33. Warrants will also rise with mother when div is declared. Warrant holders will therefore also gain besides leveraging on the lower capital outlay of about -37% based on present price. On a percentage basis, warrant holders will likely gain more than mother share holders. Besides, warrants are now trading at a discount of 8 cents to the mother. I would say buy warrant while the going is good. The warrant expires in 2018 i.e. in three years time. So plenty of time left!

Posted by upsidedown119 > 2015-09-10 09:39 | Report Abuse

money888. Yeah accumulate now. Unless Roxali fails to confirm special div or want to re-negotiate for a higher price (unlikely). There is also a chance for an even higher div since Puncak is UMNO-linked and the current political situation requires a lot of money to manage.

Posted by money888 > 2015-09-10 09:49 | Report Abuse

something not right....why there are so much sellers?

Posted by kahhoeng > 2015-09-10 09:51 | Report Abuse

upsidedown, warrants are traded at premium, not discount. Puncak at 2.66 and warrant at 1.72 while conversion cost is 1, so warrant is at 0.06 premium right now. Though, since warrant is traded without including the conversion cost, any price gain in Puncak will cause warrant to rise faster relatively.

Posted by jolie2 > 2015-09-10 10:04 | Report Abuse

roger.......where are u ?
we miss u.
don't cry alone-lah.
HAHAHAHA

Posted by upsidedown119 > 2015-09-10 10:07 | Report Abuse

kahhoeng, appreciate the 'rectification' as hng33 would say. You are right.

Posted by ckk2266 > 2015-09-10 10:20 | Report Abuse

Shaking out weak holder?

Posted by ckk2266 > 2015-09-10 10:30 | Report Abuse

Bargain hunt

Posted by sudahkena > 2015-09-10 10:42 | Report Abuse

Not easy made nowaday

Posted by ckk2266 > 2015-09-10 10:49 | Report Abuse

Need Hng33 bargain hunt and big push

Posted by upsidedown119 > 2015-09-10 10:53 | Report Abuse

Post sale, Puncak is likely to be the front-runner for the pipe rectification works amounting to RM5 billion. Federal govt has offered Selangor govt further help if so required. Likely this is linked to the acquisition of SPLASH and/or rectification works.

Posted by hng33 > 2015-09-10 10:58 | Report Abuse

hahaha, yes.

Posted by hng33 > 2015-09-10 11:00 | Report Abuse

I've further accumulate remain 30% stake today at 2.65-2.67...boosts back to maximum holding now

Posted by ckk2266 > 2015-09-10 11:02 | Report Abuse

hng33 now is top 30 share holder

Posted by hng33 > 2015-09-10 11:04 | Report Abuse

hahaha, never think want to be major shareholder, just for trading purpose

Posted by davidkkw79 > 2015-09-10 11:08 | Report Abuse

another 1 year to wait...

Posted by upsidedown119 > 2015-09-10 11:39 | Report Abuse

There is major resistance at 2.70 - needs Roxali's announcement of special div to break. There is also major support st 2.65. So accumulate between below 2.70. But I would go for the warrant.

Posted by money888 > 2015-09-10 14:31 | Report Abuse

this counter would not move without big fund...:(

Posted by sudahkena > 2015-09-10 14:44 | Report Abuse

Always ve seller at 2.68... it is air selangor will takeover within 2 weeks...then receive money....

Posted by sudahkena > 2015-09-10 14:45 | Report Abuse

Cant understand ..why sell now ...??

Posted by wealthylai > 2015-09-10 14:48 | Report Abuse

Hng33, what I mean is that will the warrant-WB rose to about RM2.50 when the day it announce special dividend, maybe 2 - 4 weeks before ex. As for those who wanted to exit.

Posted by ckk2266 > 2015-09-10 15:00 | Report Abuse

OMG...WB premium from 10sen to 3sen...strange?

Posted by ckk2266 > 2015-09-10 15:04 | Report Abuse

Big shark pressing down WB?...

Posted by ckk2266 > 2015-09-10 15:07 | Report Abuse

Bought WB@ 1.7

Posted by kahhoeng > 2015-09-10 15:31 | Report Abuse

interestingly, CIMB who used to have a favorable rating on Puncak and cut back target price due to political gridlock, remains its target price for Puncak at 2.55 too after Am Research, Affin Hwang, and MIDF all retain their ratings. Why? Why? Why? To allow institutional investors buying? Seeing more issues before taking over Puncak? Seeing Rozali the worst of its kind, I mean majority shareholders, that won't reward shareholders?

worth mentioning is the past downgrades by these research houses have mainly the political gridlocks in completing the water restructuring...

Posted by posby > 2015-09-10 15:31 | Report Abuse

@roger... u are the big fund...you help me i help u.. Najib Phrase...lol

Posted by ckk2266 > 2015-09-10 15:42 | Report Abuse

Big fund from Roger ...big push is imminent

Posted by fzank > 2015-09-10 15:49 | Report Abuse

pooncak down ... sgx down

spore having their erection tomorrow