How do selling water asset and then securing operation and maintenance of water asset caused a 3% sell off by a disgruntled shareholder?? Who is this shareholder--a sakai from philippines
ks55, from my understanding, day traders don't keep stock, they buy and sell the same day or the latest next day. They pay very little, if any at all, commission and stamp duty. hng33 is more like a momentum trader, capturing the upturn in share price and running away when trend is not according to his view. Don't think its an easy skill, enviable, but not suitable for most investors, particularly those taking long time to think and process, like me.
kahhoeng suggest Puncak buying Shell Malaysia's 51% holding in Shell Refinery, that should be $$$. Shell Refinery has only 300 million shares trading at about 5. Assuming a 6 per share offer, that's only 900 million cash, much less that what Puncak holds. 26/01/2016 18:45
Shell only worth RM 1.80/share lel..... hahaha, lucky Rozali never listen to kahhoeng proposal to buy shell at 6/share, lolllll what a relieve :D)
Hopefully, after quarter report showing net cash of 2.70 +/- 0.10 coupling with not so negative operating cash flow (quarterly losses in o&g is mitigated fully with earnings from other operating divisions and interests received from 1+ billion cash) will bring Puncak back to 1.80 - 2.20 range.
roger, yes, indeed, I lost a lot in Puncak, its actually what dragged down my earnings for the past 2 years (hopefully not to extend to this year too, sigh!). What's worst, can't do much even knowing that Puncak has so much cash but share price not performing...
benblurblur, I assume you were referring to Puncak's o&g. Frankly, Puncak's o&g division has performed poorly for a while, not just recently. Given crude oil price, little faith Puncak can perform and I expect it to keep on being so. You may refer to Puncak's quarter report and read its sale & profit contributions by its subdivision.
benblurblur, my apology, didn't really spend time to learn Puncak's o&g business, its only 200+ million business to Puncak's over 1 billion cash. And, I have always assumed Puncak's landbank in Kuala Selangor, which is worth over 200+ million too, is more than enough to compensate for any potential losses in Puncak long ago.
Why still no news of cash usage? Director to makan gaji buta? Everyday go to work and do nothing. End of mth until pay day receive RM 1 million pay check while money still a lot.
Not even a whisper about the future plan of the company ... after the stock price tanked so badly all this months. Whomever playing right now just day trader gorenf for the daay and start selling in late afternoon. Pity the minority shareholder who still keeping. Gone case oledi. You must accept 50sen and swallow yur pride.
This guy must have learn from the chinaman at XingQ. Very cleaver loh i must say
By Monday 15th we can prove whether ks55 can be trusted. He said SSEC will drop 7% and suspend the whole day.
Posted by ks55 > Feb 11, 2016 10:55 PM | Report Abuse
Regardless you like it or not, SSEC will drop 7% at the first 30 minutes on Monday, then suspend trading for the whole day. Tuesday's performance will depend on Monday's Wall Street closing........
Good to keep more cash at least until next Wednesday.
As proven many times ks55 is a liar(many other times he deleted his postings). SSEC does not drop 7% and suspend whole day. http://finance.yahoo.com/q?s=000001.SS
Posted by ks55 > Feb 11, 2016 10:55 PM | Report Abuse
Regardless you like it or not, SSEC will drop 7% at the first 30 minutes on Monday, then suspend trading for the whole day. Tuesday's performance will depend on Monday's Wall Street closing........
Good to keep more cash at least until next Wednesday.
Parkson, err... my cost is close to what you said though. It was 2.90 before special dividend, and has added some position last week at 1.14, so my cost now is 1.80 post special dividend. Hopefully, Puncak share price will rise to above 2.20 soon, sigh!
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....
r°Moi
5,802 posts
Posted by r°Moi > 2016-01-29 18:51 | Report Abuse
Also big sharks doing.... but more plausible than screwing by selective capital repayment