Posted by money888 > 2015-12-08 09:00 | Report Abuse

don't buy yet...wait 1.40 or lower...

Posted by amma > 2015-12-08 09:14 | Report Abuse

everyday new low...not a good sign

Posted by money888 > 2015-12-08 09:24 | Report Abuse

hahahhaa....it is predicted....not yet bottom...run now if you dont want to lose further

Posted by Roger123 > 2015-12-08 09:38 | Report Abuse

jjchan: RGB 1 million, dont BS here

Posted by jjchan > 2015-12-08 11:01 | Report Abuse

Anwar / Lim K Siang hold nearly all Bursa Index link stocks ( Bursa collapsed) FGV has 1 million
voters has dropped from 4.50 to 1.75--Umno cannot help ( EPF & LTH are both Sellers--what
a bundle of idiots ).
Roger don't even know how to count ( 1M RGB X 0.16=160K) Just small change.
Of course, Roger didn't buy eventhough he supply buying Tips ( as i said really Kiasu person )

Posted by Mei Ying > 2015-12-08 11:48 | Report Abuse

As the entitlement date for the special dividend is 8 Dec, any selling off before this date still entitled for the special dividend ?

Posted by Msfollowme Oo > 2015-12-08 20:08 | Report Abuse

ALL IN ~ RM1.55

Posted by titus > 2015-12-09 10:05 | Report Abuse

I bought some too at 1.55 & 1.56 ^_^. Not much but just for trade purpose.

Posted by stkoay > 2015-12-09 13:43 | Report Abuse

So quiet here today :)

Posted by stkoay > 2015-12-09 14:49 | Report Abuse

kahhoeng. Ya, good level to trade for technical rebound.

Posted by kahhoeng > 2015-12-09 16:00 | Report Abuse

Ks55, still owning other shares, but margin account money are all tied up by the warrant conversion for special dividend, sigh!

Posted by stkoay > 2015-12-09 16:23 | Report Abuse

I'm 99.9% cash since November 2014.
Cannot find anything good to buy cos I think the market is going thru a downtrend that could last 2-3 yrs.
Just my 2 sen.

Posted by stkoay > 2015-12-09 16:31 | Report Abuse

Managed to park some with PNB earning 6+% during last few mths when 1mdb was hot but now units unavailable already......:)

Posted by kahhoeng > 2015-12-09 17:32 | Report Abuse

stkoay, I have similar feeling and that's why I park my most of my money in Puncak which is supposed to be cash rich and priced at discount to cash. Never realize that it can be this low a discount though...

Posted by zamsaham > 2015-12-09 17:33 | Report Abuse

farkin Pundekniaga
Hari hari down.

Posted by red_85 > 2015-12-09 20:52 | Report Abuse

sell on news!!..bad management company..=X they will simply use the money and few years later, cash will reduce significantly, they can simply release acct of failed investment, but actually those money enter their wallet slowly..you know what i meant..stay away from such mgmt company

Posted by jacklintan > 2015-12-09 21:34 | Report Abuse

stkoay: I have a feeling you have good prospect for Puncak.

Posted by jacklintan > 2015-12-09 21:43 | Report Abuse

stkoay: You are so pandai making money. Teach me sifu....

Posted by titus > 2015-12-09 21:51 | Report Abuse

sigh...no time to see today. drop back to original price. Din manage to trade for a big mac. In face now sell rugi few big mac because transaction cost

Posted by amma > 2015-12-10 11:17 | Report Abuse

today i think will break 1.50

Posted by stkoay > 2015-12-10 12:00 | Report Abuse

kahhoeng. Agree with you that it is trading at a big discount to its cash. Historically, Rozali does reward its shares holder.....maybe u just need to b patience.
jacklintan dear. not pandai la, when comes to investment it's all luck......maybe u can say that luck is with stkoay.....hahaha.
Wish all will have Good Luck also.
Happy Investing.

Posted by kahhoeng > 2015-12-10 15:39 | Report Abuse

Benblurblur, click 'show more comments', my valuation on Puncak is dated Dec 04th

Posted by Roger123 > 2015-12-11 10:18 | Report Abuse

No eye to see

Posted by Roger123 > 2015-12-11 10:20 | Report Abuse

If it falls below 1.40. I will start buying............ Can gain 0.40++ from wat i sold at 2.80+++ last time

Posted by Roger123 > 2015-12-11 10:21 | Report Abuse

Will sell back once it moves back to 1.80. 30% return. Cheer

Posted by jjchan > 2015-12-11 10:25 | Report Abuse

Roger still stuck in RGB--hahaha I already sold--how can it go up. All RGB goreng Kaki --my
golf buddy

Posted by Roger123 > 2015-12-11 10:37 | Report Abuse

jjchan: stucked ur head. My cost is only 0.165

Posted by jjchan > 2015-12-11 11:05 | Report Abuse

Haha..RGB .Let dead man laid in peace. Monday 0.165 Tuesday 0.16 Wed 0.15 Thur. burial rite

Posted by BenBlurBlur > 2015-12-12 11:52 | Report Abuse

Kahhoeng's Thus, net cash after taking out debt outstanding = RM 1,256.817/453 = RM 2.77 per share using 30 Sep 15 bals is largely correct Look like simple calculation bt somehow analyst got it wrong is it? Thank u

Posted by kahhoeng > 2015-12-12 12:36 | Report Abuse

benblurblur, err.. not sure how the other analysts got the number wrong. I wrote in to CIMB and I was given a revised figure without taking into consideration that a sukuk converted into shares will result in a debt reduction (irrelevant now given sukuk has been bought back.) Despite errors made in his response, I was only told that 'depending on how its interpreted' (which is why I assume he has got the number wrong.)

Affin once suggested cash proceed for the water asset disposal is 2.91. Though, the number is highly misleading. Affin assumed the cash proceed of 1555.3 million is divided by an enlarged share base, i.e., 534 million shares. The valuation is raw and misleading too. First, the enlarged share base will result in additional fresh fund of 40 million from warrant conversion proceed and debt reduction of 160 million (or 141 million from balance sheet's perspective - converted sukuk has 2 components, debt portion and equity portion.) Second, the write up has failed to recognize the 392 million cash it has on its balance sheet (there's another short term investment of 11 million that's also ignored.)

All analysts pointed towards uncertainties in future business prospect. Well, I can't deny that. Though, based on its 9 month result, you would have realized that the losses from operation is only 6.16 millions, the rest are financial cost of 12.12 millions (cost of borrowing that's insignificant once sukuk is bought back and in net cash position,) depreciation and amortization of 14.51 millions (that's basically write down of asset that has no impact on cash flow,) and net taxes of 2.64 millions (or gross taxes of 5 millions). Net cash of 1.25 billions that Puncak is holding right now should generate 37 million interest income a year assuming a saving rate of 3%. I suppose that's more than enough to assume business losses in its o&g business.

Frankly, with a landbank of 280 acres in Kuala Selangor, a property development project of 5 - 10 years is feasible and profitable, beside high cash flow generating (the land is free with 1 - 1.5 million per acre cash value). Property project usually will yield net profit of at least an equivalent of its land value, thus 2 - 3 millions per acre. Assuming the project has a 10 years lifespan, that will generate 56 - 84 millions cash a year on average (28 acres a year x 2 - 3 millions per acre)!

If there's anything that I really worry would be is if Rozali will spend this money wisely, given tough o&g and plantation business environment. Both industries will face a tough time in coming 1 - 4 years, depending on how one interpret the commodity cycle (that would be another debatable analysis.)

I welcome any analysis that would offer me a new perspective.

Posted by BenBlurBlur > 2015-12-12 13:08 | Report Abuse

200m sukuk redemption makes d calculation easier D 53m other income is from where? Non recurring is it? Thank u

Posted by BenBlurBlur > 2015-12-12 13:29 | Report Abuse

Puncak O&G is upstream or downstream Not capital intensive type is it? Thank u

Posted by kahhoeng > 2015-12-12 13:33 | Report Abuse

What 53 million? If I were not wrong, Puncak investment in o&g is vessel support, don't think they are involved in other way. A more accurate picture is offered in the annual report, please go through ...

Posted by stockraider > 2015-12-12 14:30 | Report Abuse

Puncak trading where below its cash level, despite after capital repayment !!
Why leh ?
a) Bcos current mkt condition is bearish
b) Investor do not trust Rozali
c)Investor perceive the business that puncak intend to invest with the xtra cash are lousy loh....!

Posted by kahhoeng > 2015-12-12 14:48 | Report Abuse

Stockraider, I agree with your reasoning if analysts first STATED cash in hand post disposal, special dividend & redemption is RM 2.77 plus net long term asset of approximately RM 1.00 per share. Then, suggest a 60% discount to it's valuation is JUSTIFIABLE. I would be OK with that analysis then. My point is analysts have failed to offer fair and accountable analysis...

Posted by BenBlurBlur > 2015-12-12 15:46 | Report Abuse

There is a 53m other income in d 9 mths result is it? Thank u

Posted by BenBlurBlur > 2015-12-12 15:49 | Report Abuse

Eco World is going to Kuala Selangor so Kuala Selangor is ok is it? Thank u

Posted by BenBlurBlur > 2015-12-12 15:50 | Report Abuse

It is not easy for Rozali or anyone else to blow a billion cash pile unless there is abuse is it? Thank u

Posted by kahhoeng > 2015-12-12 16:11 | Report Abuse

Benblurblur, no idea if the 53 million income is recurring or not. No idea if Kuala Selangor land could be fully developed. I have assumed the valuation of it's Kuala Selangor land based on Ecoworld venturing into that area too. It's an open question if Rozali will and can abuse the remaining cash. Our governance is better compared to 10 years ago, but there's a will, there's a way. I can only hope Rozali is a fair owner, given his willingness to share the special dividend...

Posted by kahhoeng > 2015-12-12 16:17 | Report Abuse

But one thing for sure, Rozali is not very transparent or fair. 1. He didn't reveal the sukuk will be redeemed earlier. 2. He had yet to offer his business plan after the asset disposal, given changes in market environment. 3. He had yet to suggest if he would buy back shares given it's ridiculous price compared to what it's worth

Posted by money888 > 2015-12-14 09:28 | Report Abuse

below 1.50 soon....

Posted by jjchan > 2015-12-14 11:44 | Report Abuse

Roger go All out to support RGB at --0.17. 0.165,0.165,0.165---WaKaKaKa

Posted by jjchan > 2015-12-14 12:41 | Report Abuse

SomeOne started collecting Puncak with 10,000 / bids

Posted by titus > 2015-12-14 17:08 | Report Abuse

wow....rebound back. Nearly sold at loss. Now breakeven :)
jjchan, how to see if 1 single person collecting 10K bid?

Posted by jjchan > 2015-12-14 17:58 | Report Abuse

Round lots are usually collected with no intention to sell (starting to collect by Big potato )
Go to see "match seller section" in the morning and afternoon section. Today many 10,000
done on match seller section---means buying (using RHB smarttrade )

Posted by titus > 2015-12-14 21:40 | Report Abuse

10,000 mean 10lots or 10,000 lots???

Posted by jjchan > 2015-12-14 22:13 | Report Abuse

Only 10,000 shares

Posted by upsidedown119 > 2015-12-15 16:18 | Report Abuse

Roxali still zooming around on his super bike. Business plan later...perhaps.

Posted by jjchan > 2015-12-15 18:56 | Report Abuse

Never mind let him cruise around as long as he pushed up Puncak share price by 2 cents every
day. You think Rozali got puncak shares for Free--no he has bank loan and puncak shares
were pledged as collateral.

Posted by stkoay > 2015-12-17 14:36 | Report Abuse

So cheap. Why nobody says "buy some more" ?