HI jack, I still hold some of puncak. Now feel like no point of selling but anyhow have the feeling after ex date it will down more than the given div rm1
com warrant oledi adjusted "naturally" since 25/11 but might be or might not be down little bit following the rm1 adjustment from mother share ON or after ex date. After that will follow the movement of mother. Feel for the people who own the com warrant b4 25/11 & still have it now.
CaoCao, the premium of Puncak's warrant used to be less than 0.10. Even with Puncak trading below 2.00 ex-special dividend, a premium of 0.22 with a maturity date within 2 1/2 years are rather high, well, at least to me (Puncak @ 2.73 and warrant @ 0.95) .
useless stock...waste time only...cannot up even with special dividend...selling...there is no point holding a stock that cannot up...even the NTA is high or is cash rich.
I hope for the best too but be ready it plunge more after div. Might use the dividend to reinvest into the stock. Hope it is not an act of flushing down money in the toilet bowl. Anyway, my holding is not substantial compare to my overall portfolio.
same feeling, speechless, but decide to hold on, got money back by end of month to reduce my debt ratio anyway, so should be safe... and frankly, with so many false info about Puncak by so called anal-ysts, how could Puncak perform? Take CIMB analyst for example, coming to conclude a 1.81 per share cash ex-special dividend, a far cry from its minimum of 2.55 per share cash ex-special dividend. Despite my email seeking clarification, the analyst has yet to published any updated report on his 'mistake.'
also, analysts are 'concerned' with 9-months losses of 35.5 millions, what they have failed to mention is: Out of 35.5 million losses, 12.1 millions, or 34% of losses, is due to financing cost. Meanwhile, ex-special dividend, Puncak's net cash is over 1.3 billions!
i decided to sell now because i do not want to wait until 23rd Dec to get back the money, while not sure that whether the price will be up or not after today, my guess is most likely wont, seeing that with current "attractive" RM1 dividend, it is still not hiking up. So, what do you expect after today? not anymore catalyst...so...price likely to.... getting it sell now, to free up capital to invest for other stocks is better option for me. :)
thanks Kahhoeng, i have been same like you for this whole year...just holding...which i realize it is more important to realize the profit than holding and hope for higher price...:)
Don't worry about LTH, they will sit on their palms. It is EPF we should hope as a comeback kid. I am keeping a keen eye on them. Luckily they didn't buy before ex-date so their quota remains high for Puncak but EPF is a "Goreng Master" so be careful
We refer to the Company’s previous announcements dated 17 September 2013 in relation to the Company’s Redeemable Convertible Secured Sukuk Ijarah.
The Board of Directors of PNHB wishes to announce that the Company had on 3 December 2015 fully repurchased all outstanding 5-Year Redeemable Convertible Sukuk Ijarah of RM160.0 million in nominal value (“RCSSI”) of the Company.
The purchase consideration for the RCSSI Repurchase is RM200.0 million only. Following the completion of the RCSSI Repurchase by the Company, the RCSSI had been cancelled accordingly.
For full details of the announcement, please refer to the attached file.
The show is post Ex-Date (sellers mostly gone). This is what i suspect, big boys already set things up. Greedy ppl like EPF doesn't want RM1 dividend---They have a plan to make more money.
while net cash in hand will be reduced to about 1.25 billion, given that the warrants are purchased at 200 million while its debt component is only 141.537 million, after special dividend, the net cash per share will rise significantly to RM 2.75! Before ex-dividend, current share price is RM 2.71 but its net cash per share is RM 3.75 before other net asset is considered, what a joke! Hopefully I am right to keep on holding...
the said sukuk carries a 3.95% interests and convertible into Puncak shares at 2.00 per share, imagine what would happen if the sukuk holders converted those sukuk into Puncak yesterday at 2.00 per share threw them into the market to liquidate the position in Puncak. Also, the sukuk, once converted into shares, are dilutive in nature, given that NTA per share of Puncak is over RM 4.75 before the conversion while the sukuk's value is only RM 2.00 per share
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....
stkoay
6,505 posts
Posted by stkoay > 2015-12-01 12:41 | Report Abuse
BIG SIS jacklintan must be busy bargain hunting.........
......but the market is gonna be cautious and weak, so no hurry......
......did I said LTH will buy??
I said DO IT B4 they do.
Hahaha.......Good Luck and happy investing BIG SIS jacky.