hng33, ?!? I appreciate your analysis and your buy/sell call and enjoy reading when you make profit, but that doesn't mean I can't show my disappointment.
roger, I have actually made some profit in Puncak already. Its my Malaysia portfolio for this year that just break even (mainly because I sold my BJCorp and MNRB at loss to buy more Puncak this year).
Note that the proposed disposals were earlier approved in an EGM in Jan.
- With the dividend payment soon to be completed, all eyes are now on Puncak’s next move to fill the earnings gap following the sale of its water concessionaire businesses. Management had earlier noted that it may venture into the oil & gas or plantation businesses. We understand that management is still on the lookout for possible ventures.
- Note that for the 6M period, the oil & gas division posted losses of RM20mil, while its water construction arm made a profit of RM2mil. Earlier, Bursa Malaysia said that Puncak will not be considered as a cash company pursuant to Practice Note 16 of the Main Market Listing Requirements.
- While we are elated that the dividend payout date has been set (following eight years of stalemate in the state’s water restructuring exercise), we maintain our HOLD call and fair value for Puncak as we await further clarity on Puncak’s plans beyond the dividend windfall.
you all underestimated puncak. analyst know the surface only . They don't know what is inside rozali's mind. Those who sell will regret later bcos they only listen to half-cook sifu (like Rogiew) or analyst. Those who keep long-term will be rewarded.
Don't just buy for dividend, buy for value. Ask urself this q: After Div, based on today price, share price will be 1.9, what is there left behind in this counter to support that value?? If I say something wrong plse don't scold me Thkq.
I WANTTTTTTTTTTTTTTTTT I BUYING NOW THIS IS FREE-MONEY. ONLY STUPID FELLOW DON'T WANT MONEY SOME MORE THIS rm1 DIVIDEND IS BASED ON 1 TIME BOOK VALUE . SO SUSAH TO GET, ALSO DON'T WANT. SPLASH WAIT UNTIL THE NECK LONG STILL WAITING TO COMPLETE THE 1X BOOKVALUE. YOU ALL SOHAI, GET 1X BOOK VALUE, THEN SELL. STUPID.
superb99, if you intend to hold until dividend is paid and were waiting to buy at 2.85, you might as well buy warrant at 1.83/1.84 now and send it in for conversion.
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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....
money888
430 posts
Posted by money888 > 2015-11-04 10:05 | Report Abuse
cool down fellow investors....we will get rewarded soon...