The bangsat wolves are tamping down the price to collect. It's always like this since about a year ago. Whenever there is a prospect of a huge cash payout, they will tamp down the price so disappointed small investors will sell. I would not be surprise if they engineer a drastic sell-down to below 2.50. So be forewarned!
guys, want to ask, why Puncak is out of Shariah list at the first place? is it due to debt/loan? if that is the case, would it be possible that Puncak use some money from the water business disposal and pay the debt, get back to Shariah list? Then LTH can freely push up the price?
Only one person can best wear that title: hng33 - he is the expert on Puncak. I mean it and not being sarcastic. So hng33, please help us newbies on money888 question.
Look at the wolves tamping down the price. 468K sell by 8 persons. Nexy would be a sudden sell-down or slow drift to below 2.50. They did the same to KSL. So be forewarned!
money888. The wolves collect low from those wanting to 'cut loss' etc. Then the price goes up and gap up when Roxali announce ex-date for special dividend. This way they make fat profits from those who bought high in the hope of special dividend and then 'cut loss' when the wolves tamp down the price. They did the same with KSL. In the case of KSL, the bangsat wolves very likely was in cooperation with powerful KSL insiders. They made in 3 months of sell downs as much as KSL made in one quarter and probably more! I also do not trust Puncak's management much!
upsidedown, doesn't really make sense with such a low volume. Say they can absorb 25%, that's less than 250,000 shares. Doing it for 3 days, that's not even 1 million shares.
kahhoeng. The sell down from Wed onward till today was 3.6 shares million. There should be further sell-down should the wolves be involved. Remember Puncak's cash per share after sale of water assets is about 3.70. Investors expect it to gap up soon to RM3.50 or more. So if there is a sudden sell-down to below 2.50, it will be beyond many investors pain limits. So they will sell. But remember for each share the wolves buy at below 2.70, they could get as much as RM1 at anytime till 1st Oct or thereabouts. So the scenario is set for a wolves' play, possibly with the connivance of Puncak's insiders. Bursa do not seem to care since their enforcement is weak - their officials mainly buta-gaji!
These MIDF and Amresearch are filled with analyst of Ahmad Maslan's brain and getting bribed with monkey money. Making an exception with a target price rm3.16? what exception? Cos it is fox roza or their calculator is broken down? They are expecting delay in receiving proceeds? We think before oct? An official annoucement will annul this uncertainty. I paid u with 60cents and in return i get a bank account with rm1 plus land & property and ongoing biz with lesser loses per last year. If they apply to same methodology to kulim, kulim having lousy management, its valuation should be cut into half or even lesser. Dumb ass analysts I would said. At the age and status of fox roza, his reputation is of more concerned to him than money. Wait for official bursa annoucement, perhaps a good project to puncak together with contrarian+good functioning calculator, our downside is fairly limited, upside is the expectation. Be warrior...lolx
have u not noticed EVERYTIME puncak appears in the newspapers, it will drop? many many times already, the most recent one was when all the newspapers mentioned about the signing of the master agreement.
so today's article will be no exception, puncak will drop next week. when market open, be the early bird.....DUMP IT!
truth is, until now, I have no idea why had the analysts valuing Puncak at such a low level (barely 70% of its cash in hand should deal completed), but can only come with two possible scenario, one being doubting Puncak water deal completed before Oct 01 and the other being doubting Rozali can and will manage remaining cash of over 1.2 billion prudently.
But, assuming deal is sealed, with a cash after asset disposal of over 1.9 billion with an additional 500 over million of land and investment, I really don't see why I should particularly concern about its future potential. This is particularly so after oil & gas and plantation sectors are at their low point currently. The freed up 1.2 over billion cash should allow Puncak to seek good deal for long term prospect. Of course, I can only hope Rozali will look after small shareholders' interests beside his.
Speak up why we want to dump this puncak . Just give me reason ? We do so much of research n also hold for almost 2yrs .. Now is the end of this water restructuring just want to wait for the wind fall durian . Why should we dump it ?? I really don't understand . If you think when news come out the share price will go down , you can sold it but don't panic other .
agree with you jacklin , almost time to pop the champagne bottle sekarang baru mahu jual ... hehehehe .... on the contrary hair-asia looks ripe for a correction ...
Speakup: I agreed with u. Hng is the singkalan. He can provide very impressive report which cant be done by normal investors. He has called people to buy puncak from 3.60 because of special dividend. But now....
Roger123: Everybody has their own rights to comment here. It's up to you to choose either to follow or not. Nobody is to be blamed for it. Buy at own's risk.
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....
speakup
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Posted by speakup > 2015-09-11 09:14 | Report Abuse
puncak old lover. new lover....AIRASIA!