Even you got alot of money, the most you can make is from FD bcoz All investment need gestation period. That is main reason All IB downgrade Puncak. Unless you buy over another company that has potential and syn with your current operation but Rozali is Not announcing anything yet
I think this shariah compliant has nothing to do with current Puncak price. EPF alone can drive Puncak above 3.50. ( If you ever follow CIMB 6 months back, you would understand me) XOX went from 0.08 to 0.34 just on " Ikan billis Power ". Jaks went from 40 cents to 1.20 with one crazy pusher. IFCA and so on BEAR MARKET
think its concern for both warrants and sukuk conversion that would flood the market with over 120 million new shares... Guess its time for Puncak to announce share buy back, otherwise, we better hope those sukuk holders either don't convert or not selling converted shares... or, funds starting to buy.
Bravo Roger I support you! Just bought in last Fri at 2.87. It will be push up towards the ex-date. We just make our deserved profits but don't be bothered by others.
Actually, I kind of like current scenario, with Puncak warrant at 1.06-1.07 less than Puncak. Last week, I managed to sell Puncak at an average of 2.904 and buying 8% less of warrants at 1.850 and have those warrants converted to Puncak. This is equivalent to selling my 8% of Puncak at 3.25. Intend to do one more round this coming Wednesday or Thursday if difference around 1.07-1.08.
samsoongyc: If the price stay at this level. The price will adjust based on rm1 after dividend paid out. U r like putting the money (RM1) in the left pocket (Puncak) and take out and put it in the right pocket (Bank). Make any difference?
roger, I intend to hold until after special dividend, so no difference. Plus, the conversion should take 2 weeks or less. I have done it several times last year.
Mine is a margin account, so brokerage firm does everything for me. My brokerage firm warns me to send conversion request the latest on Nov 17, not sure others though. If not using margin account, probably can convert another round, but very risky on the second round. So, if you are keen with conversion and would only start tomorrow, better check with your brokerage first if your account is margin and convert only once given window of opportunity is too thin right now.
Money move from Left pocket into Right pocket---Roger (gained nothing bcoz he doesn't know how to invest. Just listen to rumours in Coffee Shops. But real chicken in investment)
Many moving parts in Puncak. Can make money pre and post Ex-Date--Kahheong the HardCore
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....
ks5S
4,601 posts
Posted by ks5S > 2015-11-07 17:18 | Report Abuse
roger talk like he is really The Oracle
HAHAHAHA