Posted by 10bagger10 > 2016-03-02 19:36 | Report Abuse

Yes. Anything below 80c may be a solid floor..

Posted by 10bagger10 > 2016-03-02 19:37 | Report Abuse

I myslf have some comfident in management

Posted by 10bagger10 > 2016-03-02 19:39 | Report Abuse

Anyways even those who bought at rm3 doesnt loose much money yet watt. Breakeven only watt... why complain? In this time of uncertainty u breakeven wor.. what else can u ask?

Posted by 10bagger10 > 2016-03-02 19:42 | Report Abuse

U can sell at rm2 and buy back now watt...

Posted by MuttonCurry > 2016-03-02 23:34 | Report Abuse

Try to avoid political counters if you can. Look at how they hammer the Felda settlers. This is why Puncak looked so dangerous when the special divvy was announced. Whatever remaining biz they have worth few sen .... Longer he wait ,,, better still ... impair the accounts, allocate tons on depreciation, zerorize goodwill to the maximum kau2. for next few quarters. Then say tata to ikan bilis ... its been fun while it lasted,

Posted by 10bagger10 > 2016-03-03 07:31 | Report Abuse

MuttonCurry

No need to avoid it. i myself buy when there is enough margin of safety.

Posted by r°Moi > 2016-03-03 07:57 | Report Abuse

Let's face it.. the overriding factor that determines Puncaks price at the moment is not its high net cash and NTA... no


And... safe for announcement of small water contracts now and then... think have to wait for at least 3 more months for clarity...


Untill then... think the low price will linger.. as..


There will be no share buy back

There will be no special dividend




Good thing is.... as at now.. it doesn't seem like Rozali is intentionally letting the price low..

Posted by 10bagger10 > 2016-03-03 10:07 | Report Abuse

Now u know?

Posted by r°Moi > 2016-03-03 11:46 | Report Abuse

Knew.... bought looking for a positive spin from Rozali... high net cash and NTA just for comfort


Still dont know is... what you are talikng about??????

10bagger10 Anyways even those who bought at rm3 doesnt loose much money yet watt. Breakeven only watt... why complain? In this time of uncertainty u breakeven wor.. what else can u ask?

02/03/2016 19:39


10bagger10 U can sell at rm2 and buy back now watt...

02/03/2016 19:42

Posted by Parkson > 2016-03-04 05:13 | Report Abuse

As long as Puncak don't announce dividend or shares buy back expect it to go down. Current business is loss making.

Posted by kahhoeng > 2016-03-04 13:29 | Report Abuse

Yes, trade Puncak assuming as if there's no hard asset backing it and less than 40% of it's cash in hand... and, yes, why not at 0.80, a joking 30% to ridicule our security governing authorities...

Posted by jacklintan > 2016-03-04 14:10 | Report Abuse

@ kahheong: You still have this counter in hand?

Posted by Roger123 > 2016-03-04 16:22 | Report Abuse

I am back. Time for me again

Posted by Roger123 > 2016-03-04 16:22 | Report Abuse

Haha. Long vacation

Posted by Xinquan > 2016-03-05 19:21 | Report Abuse

Cash might be fake here. 30 sen coming.

Posted by 10bagger10 > 2016-03-05 23:42 | Report Abuse

I wonder y do ppl go buy spac share? We got puncak man!

Posted by kahhoeng > 2016-03-08 09:51 | Report Abuse

I also want to know, but know one thing, it would be crazy to sell now...

Posted by kaikai > 2016-03-08 11:39 | Report Abuse

Think of the bright side , what's wrong with the share dropping ? it's a chance for you to maximise your profit. Robert Kiosaki once said, when there is a Sale going on , everyone rush to the shopping mall. When there is a Sale in the stock market everyone runs ? .. I wonder why..

Posted by kaikai > 2016-03-08 11:39 | Report Abuse

Institution investors on the shareholder list gives you a bit of assurance ...

Posted by kahhoeng > 2016-03-08 11:47 | Report Abuse

kaikai, Malaysia is a Boleh Land. While I am holding tight to my shares, I believe that if 'desired', Puncak can be kept at low price, even as low as 0.80 suggested by some. And our MSWG is much more interested to know why's minority shareholders of Shell in UK not getting a fair deal than voicing out for minority shareholders in Malaysia! Meanwhile, our Bursa Malaysia and SC are too busy to even ask Puncak's BOD if anything is being done (be reminded, Puncak is now technically PN 16 given its cash is more than 70% of asset.) Best yet, Puncak's BOD is not concerned about Puncak's absurd valuation in the market...

Posted by 10bagger10 > 2016-03-08 16:23 | Report Abuse

I ll buy if ever have a chance of 80c

Posted by lcwin > 2016-03-08 19:57 | Report Abuse

No need to be too negative about Puncak. Cash pile is 3 times market value. Just wait for it to drop further if the trend is down and slowly collect. I doubt roh jadi have anything up at the moment. He is not Tony Fed so give him a break. He is politically very strong which is a very good thing in Malaisea. All the profitable monopolies are controlled by these people. He have to find lobang to use up the mountain of cash sitting there. Pumping in some illiquid assets is very real at this point. I just hope he hantam only 10% of the cash with the new business or assets and not stuff toxic assets at 50% inflated price thats all.
Be prepare to hold for more than a year as he is so cash rich now he couldn't be bother to do anything fast. Downside risk is limited so go ahead and gamble...you may strike a jackpot here!
I am not holding position in Puncak at the moment...

Posted by Angielim9955 > 2016-03-09 03:36 | Report Abuse

lcwin :hilcwin , can ask you :
last time puncak Special Dividend DIVIDEND 1.0000 04/12/2015

This one is not actual dividend right ?
I suspect this one is capital repayment , because why after ex date share price drop half ,
Can explain abit please , cause I just bought in Puncak,
I really appreciate your help ?

please explain a bit ?

Posted by Ong Lie Chin > 2016-03-09 19:02 | Report Abuse

It may develop as another red chip like xinquan and cap...worry!

Posted by kaikai > 2016-03-09 21:22 | Report Abuse

AngieLim: Capital repayment would result in reduction in par value. you if read the announcement it was "Special Dividend DIVIDEND 1.0000 04/12/2015 " , so it's dividend, it's obvious

Posted by 10bagger10 > 2016-03-09 22:45 | Report Abuse

Ong lie ching, mind share ur holding until make u so worry? Or u haven buy wanna buy lower price?

Posted by lcwin > 2016-03-09 22:52 | Report Abuse

Hi Angie, it doesn't matter what its call just deduct RM1 before ex price n you get new price.So we can say if no payment given, share price now is RM2.02 It looks cheep now but it is still on downtrend. There is a high possiblilty someone is cornering the market by proxy and of course I don't have to paint the pix on the wall....
Let me give you a fake scenerio
I have collected RM1 bonus bcos I have 1 share long time ago which likely cost me 50 cent then. With that RM1 I use to buy from market extra share which cost also RM1 but with a NTA of RM3 which I control since I am the King.Of course I don't tell you lah! But I continue selling slowly in the beginning until all fools give up. I can take 2 or 3 years to do it if needed as I also have buddies in right places.
THe share is in my mother-in law name...
So like I say if you want to play you must be willing to hold very long and if the king become angry he will likely chop off your head for no reason.
Ok bedtime story over.Sweet dreams.

Posted by kahhoeng > 2016-03-10 09:34 | Report Abuse

lcwin, well described a possible scenario that our MSWG, Bursa and SC seems to keep and eye closed

Posted by Ong Lie Chin > 2016-03-10 14:21 | Report Abuse

Hello, everyone I hold about 20lots of puncak... Not so big I guess but entry price is about 1.14 and now in loss ....so worry is inevitable...

Posted by Ong Lie Chin > 2016-03-10 14:22 | Report Abuse

Kaehoeng like to ask you about genp wa...which is trade at discount about 40cent compare to mother share...what is your view? Actually u r my saviour as last time u inform me of the puncak wa...thank you

Posted by kaikai > 2016-03-10 14:43 | Report Abuse

kahhoeng:I think you shouldn't worry too much about the stock price. You should in fact happy about the current depressed price.

MSWG or Bursa and SC are not there to make sure the stock price reflect the true value but rather to ensure that the major shareholder does not take advantage or siphon money out from the company. Although Malaysia is a Boleh Land but our regulators are quite efficient. Take note that there are other institutions investors are also keeping a close eye on the CASH.

Let's BUY MORE !!!

Posted by kahhoeng > 2016-03-10 19:36 | Report Abuse

Ong Lie Chin, don't know much about genp wa. You will have to check genp's announcement.

kaikai, I am upset about Puncak's performance and corresponding no-response from Puncak BOD, MSWG, Bursa, and SC. And bear in mind, MSWG had just raised issue on Shell while the low selling price should affect small investors in London rather Malaysian investors. Puncak is trading at less than 40% of its net cash and you believe nothing is wrong and there are institutional investors keeping a close eye on Puncak? If yes, it would be to screw small holders like us!

Posted by ivan9511 > 2016-03-11 03:52 | Report Abuse

why this counter never give dividend one ?
is this a good company still

Posted by Terence Chin Yun Peng > 2016-03-11 09:30 | Report Abuse

this counter is a black horse !

Posted by Terence Chin Yun Peng > 2016-03-11 10:28 | Report Abuse

lol because they bought on wrong time .. soon will rebound ..

Posted by 10bagger10 > 2016-03-11 12:51 | Report Abuse

Terence pro

Posted by Edward Wong > 2016-03-11 13:32 | Report Abuse

Seem very cheap now,good time to collect...

Posted by Terence Chin Yun Peng > 2016-03-11 16:54 | Report Abuse

puncak collect share at 1.03 1.04 .. next week got show liao .. maybe later got anouncement ! stay tune haha huat ah !

Posted by 10bagger10 > 2016-03-11 23:41 | Report Abuse

U sure bo?

Posted by 10bagger10 > 2016-03-12 09:37 | Report Abuse

But its good compare to those spac looh..

Posted by Terence Chin Yun Peng > 2016-03-12 20:19 | Report Abuse

haha last minute huge buying vol at 1.04 .. based on chart this counter still trading in range bounce ... i will see whether it can break ema 20 days or not ..

Posted by firehawk > 2016-03-14 00:38 | Report Abuse

started from last Q, every Q will lose money?

Posted by Angielim9955 > 2016-03-14 01:27 | Report Abuse

not so fast , seem will down back this week
just not now

Posted by kahhoeng > 2016-03-14 09:42 | Report Abuse

moving so slow, sigh!

Posted by Terence Chin Yun Peng > 2016-03-14 11:10 | Report Abuse

ya slow like turtle.. i only trade it shorterm..

Posted by hng33 > 2016-03-14 15:03 | Report Abuse

Bought Puncak at 1.07

Posted by Terence Chin Yun Peng > 2016-03-14 15:03 | Report Abuse

i bought at 1.03 hehehe

Posted by 10bagger10 > 2016-03-14 15:54 | Report Abuse

Sifu hng, can enlightent us y sifu buy into puncak?
.

Posted by 10bagger10 > 2016-03-14 16:43 | Report Abuse

Sifu hng, can enlightent us y sifu buy into puncak?

Posted by hng33 > 2016-03-14 17:36 | Report Abuse

Bottom fishing