sama kes dgn Sona. for Sona case, major shareholders didn't buy a single share from open market, they talk talk talk only how good Sona is......finally 77% rejected Sona QA.
Puncak sama je.....ACTION SPEAKS LOUDER THAN WORDS
My take on rohjadi is true. Trying to sell Tc which he likely would have cornered as it is very small, pump in at a premium to milk the Puncat Cow which he own 40%.Cash return is 100% rohjadi's. Nice milking I would say .Epic! Ok now $200 million likely gone in 1 round What is round 2, care to guess ? bonus for you for being so generous to ok the deal? You see why I say any stock with high cash level is a danger sign... like a pig waiting to be slaughtered. Hehehehe......
ah Moi Sorry I play according to my plans. Puncak is not my cup of tea. I do trade it once a while but never like it. More into quality stocks rather than cronies stocks...unless can see very good value. U can try and buy Trc.See if u can buy in large qty?
A week past my last comment here. As expected Puncak drop and instead Triplc(which Puncak want to buy) up. If Puncak cash is there why cannot declare more dividend for minority shareholders or initiate shares buy back like Parkson? Expect more RPT from Rozali or he will spend Puncak cash for personal benefit. If he see Puncak future as bright he would have bought because his 40% stake is still low and has room to increase.
don't think has to do with investor selling due to 'misty' direction. Like it or not, Puncak has a net cash per share (after deducting all bank debt) of 2.72 and other non-cash net asset (after deducting all non-bank liabilities) of 1.03. With a net cash of 1230 million, Puncak is now traded with a market cap of less than 450 millions!
If I were to hypothesize, its most likely dumping among funds to force down price so they can collect cheaply. As for how, frankly, I have no idea, given my lack of knowledge of the 'real' financial industry...
kaheong,i alwiz respect u...bt,nwaday is very hard to find a profittable business....even if it does, it take times before showin sign of progress..all asset wil depreciate accordin to time n impair...hopefully u r nt stucking too much...gud luck
Reference is made to the Company's earlier announcement dated 29 January 2016 in relation to the tender secured for the operation and maintenance of a water treatment plant in Beaufort, Sabah ("Project") by the Company's wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd ("PNCSB") called by Jabatan Bekalan Air, Kementerian Tenaga, Teknologi Hijau dan Air (KeTTHA).
Puncak wishes to announce that the Company’s wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd (“PNCSB”) had on 19 May 2016 signed the Contract Agreement with the Government of Malaysia for PNCSB’s appointment as the operator for the project known as “Kerja-Kerja Operasi Dan Penyelenggaraan Secara Komprehensif Loji Rawatan Air Di Kampung Lawa Gadong, Beaufort Sabah” (“Contract”).
For full details of the announcement, please refer to the attached file.
Those really serious on investing in this counter should attend the forthcoming AGM to raise various questions and to request the Chairman/CEO to share the short, medium and long-term perspectives of Puncak.
Hwang Capital taking private by owner at 2.65 @ approximately 29% discount to NA, wonder if something similar will be offered by Puncak? If so, a 29% discount would mean an offer price of approximately 3.00...
Attended AGM just now, proposed and allocation of RM 200 million for share buyback, was said a good idea and will look into. I also asked him to initiate purchase himself. Hope both will be taken into action.
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....
Roger123
1,821 posts
Posted by Roger123 > 2016-04-26 08:30 | Report Abuse
Time to buy puncak if below 1.15