Fr the announcement shariah compliance. . Why ths no pages - which counter fr shariah to non shariah and which counter fr non shariah to shariah??? Formay change??
investors are allowed to hold their investment in the Shari'ah non-compliant securities if the market price of the said securities is below the original investment costs. It is also permissible to keep the dividends received during the holding period.
Anyway only on 4 dec, the real price of Puncak will appear. The market has suddenly changed today---all goreng stocks plunged. XOX by 30%--more will plunge on Monday (margin call ) Puncak last minute selloff today is good (monday less pressure)
Last postings 6 messages in arow ---last breath. BonVoyage don't come back. Is a turtle if you make noise here again. byebye. Anyway I think roger is keeping a keen eye on us. Say something bad, he will jump right back
Unless you invested more stocks and longer than me, there are certain experiences that you wouldn't get from "Tips"--mostly traps or technical data bcoz it involved Human greed. By 7 Dec you should know. The world is round NOT square---all i can say now
sudahkena, frankly, we have yet to know the number of warrants floated on Bursa upon the completion of conversion exercise. If there aren't many left, its easy to corner the market and control the price. Having said that, the reason for a maximum 0.15 per share premium is to account for 2 1/2 years of savings on RM 1 on conversion cost of warrants, nothing much. If Puncak share price responds well towards any business plan unveiled in coming months, it may not be worthwhile to buy warrant at such premiums. Of course, if Puncak share price barely responds for the next 2 1/2 years, surely the 0.15 could be worthwhile given the RM 1 conversion cost could be used for other investments yielding more than 5% return (of course, assuming one can make more than 5% in the market annually)
Since non-shariah compliant again, don't think many will convert warrant so cash per share would be higher....after 8/12/2015 we will know. Also last time non-shariah compliant is because too much debt, now is because too much cash so if use the cash to acquire other business, hopefully can be shariah compliant again.
ya...company with plenty cash but no business. On the bright side, it is very much umno related counter. So will umno support it?...wishful thinking. Unless they announce a new business development, they are pretty much stagnant
after dividend paid, not sure will it dive. Looking at bright side, this is the time for ppl holding cash. Can go shopping buying good company. As they said cash is king. The challenge is will puncak find another goose that lay golden egg. This counter is heavily link to umno. Rub some shoulder and will the big bro give some help or big bro itself in deep shit.
When times are bad, it is always the big bad guys the winner. Don't ever think Najib will come down these few years. It will gets tougher for him to come down too.So when they say cash is king, didn't you hear Najib said the same thing too? Read Puncak NTA and valuation. Buy before too late loh
jack, meaning buy at 2.70? I think I wait till ex div and price adjusted to 1.70. Mayb dived abit to 1.50 or 1.20 and start buying. Sorry for the evil thought .....hehe
stkoay is Puncak BIG BRO. If he call for BUY, buy. This Taiko no joke one. That's why I so love him hahaha
Puncak only concern to me is, this counter no business. O&G is "rugi". BUT, nothing is forever profitable and nor it's stagnant unprofitable. I only like this counter is because it's cash rich! (The rest is Kahheong comment)
Disposal of those short term holders are good! This includes hng33. But this fellow, when said sell alot, I checked on screen, tak nampak also. Maybe fake shouting there. Who knows...? ;x
We are pleased to announce that the PUNCAK-CF have expired at 5.00 p.m. on 30 November 2015 (“Expiry Date”). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:
Cash Settlement Amount = Number of Structured Warrants X (Settlement Price – Exercise Price) X (1/Exercise Ratio) = Number of Structured Warrants X (RM 2.8280 – RM 2.7000) X (1/3.7000) = Number of Structured Warrants X RM 0.0346
The Settlement Price has been determined at RM 2.8280, being the average closing price of the PUNCAK Shares on Bursa Malaysia Securities Berhad for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.
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....
sudahkena
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Posted by sudahkena > 2015-11-27 18:12 | Report Abuse
Fr the announcement shariah compliance. . Why ths no pages - which counter fr shariah to non shariah and which counter fr non shariah to shariah??? Formay change??