err... my understanding, in stock market, before you sell, its paper loss/gain; once sold, its real loss/gain. I am wrong failing to realize how low a valuation market can give to a cash rich company or how low market has valued Rozali's ability/character, but still believe Puncak should be valued at least somewhere between 2.30 - 2.80. I have decided to hold until I have found a better replacement or when Puncak reaches its fair valuation. Though, I will still voice up when seeing unfair comments.
it's raining in KL and i am stuck in office, so I did a quick calculation on Puncak. For the last quarter, the cash didn't really go down much. With 1.2 Bil cash ,it works out to be approximately RM50 Mil free cash flow from dividend (assuming money market placement) or 9X PE . Better ask Rozali to sit back and relax, the company can make more money without him ..
I cut lost at 1.20....it was pain. I keep hoping it will go up to 1.40 and above by reading the report that keep promoting it is 2++ counter....finally, personal opinion, feel like being con....
yongleosg, Puncak is indeed still holding on to 1.2 billion cash awaiting investment equivalent to 2.67 per share. In addition, it's still holding on to 300 acres of Kuala Selangor land awaiting property development.
lol .... speechless ....so, yongleosg, up to u to believe whether it is a 2++ counter .....
try to imagine what type of ppl giving the advice ..... that can say something like, paper loss is not real loss, only after u sold it at loss, that is a real loss!
Ok, most important, who is direct the boat...can he make it? That's the key point. Keeping the cash and have no idea to growth it, it is a sad story. A company doesn't depend on how many assets it has....it depends on where it is heading to...do u see the direction in puncak? Share with me if u do....
yongleosg, if his words during the AGM has any credibility, he would most likely (1) absorb TRIPLC to grab more government project (2) keeping current water concession and grab more if can in Malaysia (guess just water treatment plants) while trying to sell those in China (3) keeping current O&G business to test the water on how long the O&G downtrend can last (4) develop the 300 acres land (why else he has his son mentioned this during the AGM?) (5) plantation in Malaysia. He also mentioned a slow economy and will try to decide as 'slow' as possibly, most likely 3rd or 4th quarter this year.
If you were to ask if I like the above? Frankly, I don't care his strategy, though believe he should just focus on one 1-2 businesses while using excess cash for share buy back. Share buy back protects small shareholders interest given business environment and trying out new ventures test his entrepreneurship (or his son?). Nobody can really tell which business is good, though, too many new business at the same time is definitely bad. If he's not initiating share buy back, he would most likely trying to tie us all up together with his ship with no assurance if its a sinking one or a successful one.
jacklintan dear, cannot give email and contact no. here la. or you give me your email and I'll email my contact...... Over here, only sister spidee and chinchiaho has my contact....haha.
The idea is to push the price own so small fish will sell. But someone is buying and buying to accumulate more shares. Another $1 dividend is imminent wen they have collected a lot of shares. So collect now and wait.
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 > 2016-06-03 09:38 | Report Abuse
Hahaha. Kahhoeng still don wan to admit his fault