Posted by kahhoeng > 2016-02-25 19:28 | Report Abuse

In reality, I have yet to see any analyst suggesting PUNCAK has a cash in hand of over 1.2 billions that's NOT shrinking despite losses. Given 'unknown' pessimistic view on Puncak, I don't rule out further pressure on Puncak's share price. But I am merely pointing out UNFAIR and UNREASONABLE market response, or is it really market response?

Posted by r°Moi > 2016-02-25 19:28 | Report Abuse

Loss due to kitchen sinking.... which Puncak can afford it.... and what is good is that that was more or less all about it...

The O&G operation is no longer a threat..

Ok good good let's have a fresh start... with the net cash per share at 2.70 intact... as highlighted by kahhoeng

Posted by kahhoeng > 2016-02-25 19:54 | Report Abuse

If you read its report on continuing operations, the 12 months' losses look HUGE at 152.43 millions. But, is it? Non-cash items is already 122.016 millions (of which impairment is ALREADY 100.802 millions and amortization/depreciation 21.214 millions.) Leaving the next most expensive item of finance cost at 15.942 millions. With the borrowing shrinking to 71.182 millions, and net cash of 1,229.513 millions, this should no longer a threat. I guess, going forward, the 2.73 per share CASH should be there until new businesses are identified. How much I wish Rozali would distribute at least 0.10 per share dividend annually until new businesses are identified.

Posted by FAIRnREASONABLE > 2016-02-25 21:11 | Report Abuse

Rozali executed a spring cleaning, which is timely I think. The account should be much better going ahead. The NTA is still RM3.75 with cash RM2.73. For long-term investors, it is a bargain at today's close of 1.09. I am positive.

Posted by kevinleo > 2016-02-25 21:18 | Report Abuse

tooday it closed not so much movement, now waiting for tomorrow..

Posted by lcwin > 2016-02-25 22:07 | Report Abuse

Usually cash rich companies are ripe to be sodomised. The most important aspect here is the controlling major shareholders reputation. The market priced in a high certainty of this happening. This huge discount to NTA reflect this uncertainty. If the major holders proved they can be trusted with the hoard of cash without them squandering it in overprice investments and accounting hanky panky it will adjust upwards fast.
In Puncak case the share price reflects the major controlling shareholders reputation and integrity. I am not saying don't buy but buy with a big discount to NTA and hope what I say is not true !

Posted by kaikai > 2016-02-25 22:09 | Report Abuse

Near to RM1billion is placed in money markets. At present rate, money market offers between 3.8-4% p.a. return (goes by daily interest). This translates to around RM40 Million per year (tax free) or near to 9 sen a share. Offering 10sen dividend per year should be easily achievable.

Will start to accumulate ...

Posted by hng33 > 2016-02-26 08:40 | Report Abuse

No doubt interest income from cash hoard more than RM 1.2 billion itself will generate more than RM 45m pa....but more pressing issue is viability of Puncak remain business, oil and gas, construction, waste treatment, all of these are loss making.....keep incurring loss + overall company maintenance and cost operation expense + big director fees expense.. All these expense cost and loss making business could easily offset its interest income and erode its cash hoard gradually. 

However, Puncak alrdy highlighting potential new business venture....food and beverages!!!, palm oil estate, property development. Let's see how market response first, whether market appreciate more on Puncak cash hoard or concern more on puncak viabliity business and future buisness direction.

Posted by moomoo12 > 2016-02-26 09:12 | Report Abuse

where's the cash ?...show me the money !!..and wat is the forex loss of 10m for ?

Posted by kahhoeng > 2016-02-26 09:21 | Report Abuse

Real big joke, CIMB on its report on Puncak provides a table on page 3:

Business Valuation Net profit Value
component Basis (FY17)
Construction 15XPE 3.4 millions 50.9m
cash from
warrant 6.6m
Cash (4Q15) 1,104m
Borrowing(4Q15) (71m)
Total SOP 1,172m
FD shares 532.5m
SOP/share 2.20

Problems are
(1) Cash(4Q15) is not 1,104m BUT 1,300.695m (922.146m+378.549m)
(2) FD shares is ONLY 452.515m (449.284 outstanding shares+5.269 warrants-2.038 treasury shares)

Based on that, SOP/share should then be 2.86, what a HUGE difference. My goodness!

Posted by moomoo12 > 2016-02-26 09:21 | Report Abuse

anything LTH touch,,,all will become shit....another THHEAVY in the making..

Posted by kahhoeng > 2016-02-26 09:25 | Report Abuse

hng33, don't think Puncak share price has anything to do with its fundamental.

Posted by Lew Peik Yin > 2016-02-26 09:54 | Report Abuse

Still can keep ?!

Posted by kahhoeng > 2016-02-26 10:03 | Report Abuse

Lew Peik Yin, could be a few months before seeing the light, to be frank. Somehow, Puncak is being abused. Though, with so much cash in hand at 2.73 per share, futures should be bright (I am definitely biased, given my investment in Puncak)

Posted by Chinaboleh > 2016-02-26 10:08 | Report Abuse

If you don't sell your loss will become bigger by the day. Who trust their account? Why cannot declare more dividends? Why no shares buy back?

Posted by Lew Peik Yin > Feb 26, 2016 09:54 AM | Report Abuse
Still can keep ?!

Posted by firehawk > 2016-02-26 10:33 | Report Abuse

just now i saw somebody said Q result NG, but price maintained ..... the post deleted alrdy?

Posted by Lew Peik Yin > 2016-02-26 10:38 | Report Abuse

/kahhoeng: really got ppl purposely sell it to cheap cheap cheap price!but never mind I believed it will up in future! Let's watch it happen ya!b patient to this PUNCAK

Posted by money888 > 2016-02-26 10:38 | Report Abuse

puncak....go go go...down....!!

Posted by Lew Peik Yin > 2016-02-26 10:40 | Report Abuse

It seems will break 1.00 soon ! Ppl purposely sell lower price!

Posted by Lew Peik Yin > 2016-02-26 10:41 | Report Abuse

Very huge volume buyer at 1.00! Ahahahahaah

Posted by nnmm > 2016-02-26 10:43 | Report Abuse

cash is there...but it can be depleted very fast with some over-priced purchase, it's quite normal to happen with listed company armed with cash.

Posted by hng33 > 2016-02-26 10:50 | Report Abuse

Bought back some Puncak at 1.03

Posted by madmoney > 2016-02-26 10:54 | Report Abuse

Next agm I'm going to fuck the management over, stock lost half its value, not a fart coming from them

Posted by fzank > 2016-02-26 10:55 | Report Abuse

karheong kor-kor ... hehehe .... its like we are all on board the Titanic ... lol

Posted by fzank > 2016-02-26 10:56 | Report Abuse

queue to buy Titanic at 1.00 ....

Posted by fzank > 2016-02-26 10:57 | Report Abuse

1868 is a good number ..

Posted by Lew Peik Yin > 2016-02-26 10:58 | Report Abuse

Madmoney! If I m nearby selangor sure I will go to the company n COMPLAINT TO ROZALI! U never standout to protect the share price! KKB announce lost result also won't kena so jiaklak....hahahaa....mad money! I SUPPORT u go to company check whAt happen to them. Ya!!

Posted by kahhoeng > 2016-02-26 10:59 | Report Abuse

fzank, haha, well said. Hope this Titanic not the real Titanic and not sink. It is a pity to be small shareholder when the major shareholder care less about protecting its share price...

Posted by moomoo12 > 2016-02-26 11:00 | Report Abuse

technically not looking good for puncak...support at 1.04 broken...will drop to 90cts..

Posted by Lew Peik Yin > 2016-02-26 11:04 | Report Abuse

Hng 33! U r super talent! Buy n sell n make profit n run for Puncak !!!!!

Posted by Lew Peik Yin > 2016-02-26 11:04 | Report Abuse

Kahhoeng, what price u bought for this?!:(

Posted by kahhoeng > 2016-02-26 11:14 | Report Abuse

Lew Peik Yin, an average of 1.80, with the most recent purchase at 1.14, sigh! Wonder if I should add some more at 1.03, have to sell other shares or pump in money already though, another huge SIGH!

Posted by Lew Peik Yin > 2016-02-26 11:15 | Report Abuse

Wahhhhhh!me middle of ur price ....1.37....I also Dunno how ....sighhh

Posted by smartly > 2016-02-26 11:21 | Report Abuse

kahhoeng, may be take a stop there, unless you want to trade for those you gotten at low, no point keep averaging.
e.g, keep what ever you have (1.80), go in now new batch at 1.03, try sell them at 1.06 or so to recover bit by bit. unless 1.03 stuck then you treat this as an average price for 1.80 batch. then you trade again for lower batch say 99sen to 1.02...so on and so forth.

Posted by kahhoeng > 2016-02-26 11:22 | Report Abuse

my valuation on Puncak is right, but my timing is ABSOLUTELY wrong...

Posted by Lew Peik Yin > 2016-02-26 11:26 | Report Abuse

Smartly.....means trade short term for new low price?

Posted by smartly > 2016-02-26 11:38 | Report Abuse

Lew, just keep trading at any level, stuck treat as averaging, profit treat as recover. until hopeful price gone back up to your average price or recoup from your trading profit bits by bits. trade size depend on your fund. hope you are able to break them to at least 5 batches.
e.g
1) if 1.03 stuck - 1st batch (treat as average)
2) plan for next level trade 1.00 to 1.03 - if stuck again (2nd batch treat as average)
3) plan for next level trade 96sen to 1 - if profit, treat this as recover fund
4) so on and so forth
5) if price recover back to 1.03 level, you can then release you fund by selling 1) & 2) batch, then repeat again.
6) up to your own discretion actually.

Posted by Lew Peik Yin > 2016-02-26 11:51 | Report Abuse

Smartly noted! Provided I have extra fund I will do that....SIGHHH....

Posted by r°Moi > 2016-02-26 13:58 | Report Abuse

Actually... you are buying Puncak for its net cash and new prospects...

r°Moi was more keen.. to see a positive spin... on the prospects

But.... this is ok.. ain't that bad


Prospects

Post completion of the Proposed Disposals on 15 October 2015, the Group is continuosly looking to expand its operations in areas related to its core businesses and core competencies in water and wastewater, sewerage, environmental engineering and construction, both locally and abroad as well as exploring opportunities in new business sectors such as oil palm plantation, property
development and food and beverage sectors.

On the Construction sector, the Group will continue to be involved in the construction of water-related and sewerage facilities. The Group's current projects include the construction of new sewer pipe network and pumping stations including the rationalisation of the
existing sewerage infrastructure in Bunus, Kuala Lumpur as well as operation and maintenance of a water treatment plant in Beaufort, Sabah. The Group is also currently involved in several ongoing construction tenders related to the water and environmental sectors in
Malaysia.


Due to the huge drop in crude oil prices coupled with no projects secured in 2015, it was extremely difficult to sustain normal operational activities in the Oil and Gas Division. The Group had implemented right sizing exercise to cut down staffing and operational costs to minimal levels as the Group reviews its position in the sector.

Posted by Roger123 > 2016-02-26 14:24 | Report Abuse

I am in to support. Hahaha

Posted by Roger123 > 2016-02-26 14:25 | Report Abuse

The worst time has past

Posted by Roger123 > 2016-02-26 14:26 | Report Abuse

Kahheong so sorry to hear tat u bought so high. Already asked u to sell tat time

Posted by Roger123 > 2016-02-26 14:27 | Report Abuse

My word has come true.... Rm 1

Posted by Roger123 > 2016-02-26 14:29 | Report Abuse

I hv advised u all last time. Dont follow hng. He is a singkalan. Bec his team wan to throw, so asked u to buy

Posted by Roger123 > 2016-02-26 14:29 | Report Abuse

So he can have all the cash

Posted by MuttonCurry > 2016-02-26 14:30 | Report Abuse

yaya ... 80sen lai lai. Rozali and myself waiting ... TQ

Posted by sell > 2016-02-26 14:53 | Report Abuse

bought at RM 1.03 and sold at RM 1.05 for contra gain. Cannot trust Rozali. If he keep quiet might be want to sapu all the cash.

Posted by hng33 > 2016-02-26 15:05 | Report Abuse

Sold back at 1.04

Posted by babu > 2016-02-26 15:36 | Report Abuse

take a good look at Rozali's photo ...... he looks not like a crook at all ? I am wondering whether any of you who badmouth him here got any anecdotal incidence or even better still evidence to say he cannot be trusted ??? So far, neither he nor any member of his family or holding companies has sold a single share : apa mahu lagi ? His interest, as the majority substantial shareholder/founder is aligned with ours - why would he cut his nose to spite his face??? Re the conspiracy theory that he wants to depress the price in order to take it private - what/where are the substantiating factors for such an allegation ?

Posted by babu > 2016-02-26 15:38 | Report Abuse

By the way, I am a small shareholder, also suffering paper loss and just as perplexed as everybody else why the share price is what it is .... especially today at 1.02 low