Posted by r°Moi > 2016-11-15 12:29 | Report Abuse

Dealt a good hand... but Rozali... managed to turn it into 50:50

Posted by hng33 > 2016-11-15 13:43 | Report Abuse

courting down time now......Puncak to acquire triplc construction business or/and concession business or whole company itself........D-day is very near now :D)

Posted by Ckk2266 > 2016-11-15 13:51 | Report Abuse

:)

Posted by rogers123 > 2016-11-15 14:08 | Report Abuse

Acquire 1 lousy company for wat,? Can contribute more income. Lousy + lousy= lousy-lousy company

Posted by rogers123 > 2016-11-15 14:16 | Report Abuse

Faster go below rm1. I may consider to buy puncak. Buy puncak like buying iwcity. Ghost estate

Posted by rogers123 > 2016-11-15 14:20 | Report Abuse

Kelatan water puncak will get it. Going to announce soon. Hahaha

Posted by kahhoeng > 2016-11-16 10:20 | Report Abuse

hng33,

I'm not trying to mislead. I have also noticed the RM 267.9 million. The deal is assuming RM 18,500 per acre of planted/prepared land and RM 3,500 per acre of unplanted land. The number I have only been able to arrive is RM 441 million for a 60% stake. I also can't figure out where's the RM 267.9 million figure comes from.

My position is Puncak is the highest ever in my history of investment. Quite frankly, really upset with how Puncak announced the deal, 18 months and above's tree considered matured?

Would appreciate if you could do a comparison and let me know if there's any error in my derivation. Thanks!

Posted by rogers123 > 2016-11-16 10:44 | Report Abuse

Give u a big "good" kahheong

Posted by rogers123 > 2016-11-16 10:46 | Report Abuse

Kahheong is the man,. Hng, plz dont twist the fact

Posted by kahhoeng > 2016-11-16 10:47 | Report Abuse

hng33, do you agree the SPA also said RM 18,500/acre of planted/prepared land, and RM 3,500/acre of unplanted land? If so, do you math and let me know where goes wrong?

Posted by rogers123 > 2016-11-16 10:53 | Report Abuse

Hng: always give wrong info. Puncak always go south... Never go north. Hng bought at 1.20++. Now only 1.00++. Loss until.... No underwear to wear. Kahhoeng is more worst 1.80++

Posted by rogers123 > 2016-11-16 10:55 | Report Abuse

Kahheong: i told u before. Hng is the singkalan. U never trust me from the begining. If u trust me, u will sell all before dividend ex

Posted by rogers123 > 2016-11-16 10:56 | Report Abuse

Hng: u conned me for the ghost city iwcity

Posted by hng33 > 2016-11-16 11:03 | Report Abuse

The FACTUAL is Puncak’s (60%) + Sunshine Upland Sdn Bhd (30%) + Suria Sdn Bhd (10%) altogether jointly FORM Joint venture company name: DANAU SEMESTA SDN BHD (DSSB) to acquire 60% in Danum Sinar from Shin Yang Holdings Sdn Bhd, for RM 446m cash. Danum Sinar owns 46,674 ha of plantation land in Murum, Sarawak.

Puncak’s share of the purchase price is ONLY RM267.9mil

Posted by hng33 > 2016-11-16 11:04 | Report Abuse

kahhoeng

You should go back and re-read again Puncak SPA. DON TWISTING FACT as FACT is FACT, never change even you tryinh hard to mislead here

As Puncak’s effective equity interest in DSSB is 60%, the portion of the Purchase Price that Puncak has to contribute to DSSB is RM267,903,414.27 which shall be funded via a combination of internally generated funds and bank borrowings.

(Remark: SPA, page 4, item 2.2, under Funding: state VERY clearly that Puncak 60% portion is RM 267.9m)

Posted by rogers123 > 2016-11-16 11:11 | Report Abuse

Hng: y puncak need to borrow money since it have investment fund for 1 billion. Where is 2.6 billion gone? Oppsss sorry, where is the 1 billion gone?

Posted by rogers123 > 2016-11-16 11:11 | Report Abuse

Hng: mkland is the gem too??? Hahaha twist the fact

Posted by smartly > 2016-11-16 11:13 | Report Abuse

why always like to fight one ??

Posted by smartly > 2016-11-16 11:16 | Report Abuse

this forum become a fighting forum it seem...

Posted by kahhoeng > 2016-11-16 11:16 | Report Abuse

hng33, are you saying the purchase price is not based on RM 18,500/acre of planted/prepared land and RM3,500/acre of unplanted land?

Posted by hng33 > 2016-11-16 11:19 | Report Abuse

Currently holding Puncak at average cost RM 1.07+, now awaiting its news to acquire triplc business soon :D)

Posted by rogers123 > 2016-11-16 11:57 | Report Abuse

Don twist the fact, hng. Kahheong is right. They r buying at premium price

Posted by hng33 > 2016-11-16 12:20 | Report Abuse

hahaha, the fact is still remain as fact. Puncak’s share of the purchase price is ONLY RM267.9mil. It is NOT what kahhoeng highlight RM 441m. Clear :0)

Posted by rogers123 > 2016-11-16 13:08 | Report Abuse

Hng: kaheong said puncak bought the land at higher value than others, not the total. We all knew tat puncak only acquired 60%. We all r not stupid, ok? U cant get wat kahheong meant for. Don always make u dream in the ghost city

Posted by rogers123 > 2016-11-16 13:10 | Report Abuse

Hng: wat is ur average cost for mkland n triplc,. Hahaha

Posted by hng33 > 2016-11-16 13:47 | Report Abuse

Are you all sure kahhoeng statement not misleading !!?? below are quoted by kahhoeng in his previous comment.....


....2. Puncak Niaga Holdings Berhad
Seller: Shin Yang Holding Sdn. Bhd. (shareholders include Tan Sri Datuk Ling Chiong Ho)
Acquisition price: RM 446,505,690.45 (I can’t really justify this figure, it’s said to purchase 9766.9hectares at RM 18,500/acre and 33,372.60 hectares at RM 3,500/acre. Thus, total should be RM 735,116,988 while 60% ownership should be RM 441,070,193.30)....

13/11/2016 16:41


kahhoeng

I'm not trying to mislead. I have also noticed the RM 267.9 million. The deal is assuming RM 18,500 per acre of planted/prepared land and RM 3,500 per acre of unplanted land. The number I have only been able to arrive is RM 441 million for a 60% stake. I also can't figure out where's the RM 267.9 million figure comes from.......

16/11/2016 10:20

Posted by rogers123 > 2016-11-16 14:46 | Report Abuse

Time will tell ur head. I have cut loss

Posted by hng33 > 2016-11-16 14:56 | Report Abuse

hahaha, pity you clown roger123 for your loss in stock market..... time will tell you are loser minded :)

Posted by kahhoeng > 2016-11-16 15:00 | Report Abuse

hng33, the RM 446 million is close to RM 441 million I can come up with (33,372.6 hectares*3,500/acre*2.47105acre/hectare + 9766.9hectares*18,500/acre*2.47105acre/hectare.) I have assumed the 267.9 million to be the price to pay after considering the company's debt. You are always welcome to come up with the number using what I have provided or directly from the Puncak's announcements. In fact, you have yet to confirm if you also saw the quoted cost for the plantation deal...

There's no point hiding. We, as small shareholders, can always raise our anger through Securities Commission or MSWG (doubt MSWG has any impact myself though.) We can group together to seek better deals for minority shareholders. Not acting or pretending nothing happens won't help.

So long any of shareholders here had read my analysis and compare it with the Puncak announcements and agree with me, please let me know. We can use this portal to discuss what to do next. Any expert in plantation is welcome to offer insight into the deal. Thanks!

Posted by hng33 > 2016-11-16 15:19 | Report Abuse

kahhoeng

Why so simple word also don understand!!??

The FACTUAL is Puncak’s (60%) + Sunshine Upland Sdn Bhd (30%) + Suria Sdn Bhd (10%) altogether jointly FORM Joint venture company name: DANAU SEMESTA SDN BHD (DSSB) to acquire 60% in Danum Sinar from Shin Yang Holdings Sdn Bhd, for RM 446m cash.

Danum Sinar owns 46,674 ha (9766 ha planted + 33372 ha) of plantation land in Murum, Sarawak. It mean, Danue Sinar now is 60% own by DANAU SEMESTA, the balance 40% is still hold by Shin Yang Holdings Sdn Bhd

Therefore, the effective STAKE FOR DANAU SEMESTA SDN BHD (DSSB) in plantation area is 28,000 ha or 69,000 acre. In accord to proportion, 60% stake of is divide into

14,474 acres is planted value at 18,500 ( RM 267.7m) + 49,457 acres is unplanted value at 3500 (RM 173.1m) = RM 441m. The actual figure is different just a little bit as the price tag for planted and supplanted arce is estimation subject to further due diligence and also some ares is flood zone

Puncak’s share of the purchase price is ONLY RM267.9mil


Why you can't figure out where's the RM 267.9 million figure comes from !!?? instead insist on Puncak entry cost is RM 441 million !!??


In short, the effective stake attributed to Puncak is 60% in DANAU SEMESTA SDN BHD (another balance stake are own by Sunshine Upland Sdn Bhd (30%) + Suria Sdn Bhd (10%)) which in turn acquire 60% in Danum Sinar (another balance stake 40% still hold and own by seller Shin Yang Holdings) and this Danum Sinar own 46,674 ha. Therefore, in the net basis, Puncak effective own 16,802 ha and paid for RM 267.9m

Posted by kahhoeng > 2016-11-16 15:27 | Report Abuse

hng33, my apology. I get your point. My apology, didn't get that earlier. Still, buying a plantation land at RM 18,500/acre for trees mostly less than 18 months old and you are not concerned? aren't you worried that Puncak may have to buy at RM 18,500/acre in future to buy out the rest of shares not owned by Puncak?

Posted by hng33 > 2016-11-16 15:31 | Report Abuse

kahhoeng

I am trying so many time to rectify you and clown roger123 keep on twisting and you keep on insist the same......after so many effort, Now, you understand why i need keep on and try as much to put more and more straightforward wording to help you understand......

As your concern on price tag, its really depend on exact location of estate even at same area. different location and different is lease period such as state gov granted lease 40 yr, 50 yr or 60yr etc, all carry different premium.

Posted by kahhoeng > 2016-11-16 15:33 | Report Abuse

hng33, I have posted the location of the land in the above. The lands for Sarawak Oil Palm and Puncak deals are all hinterland. You can google map. I have met another investor who have spoken to plantation analysts for clarification and was told the deal is expensive. I am hoping we can stop the deal.

Frankly, I have been feeling very bad lately since the plantation deal is announced, felt being ripped off.

Posted by rogers123 > 2016-11-16 15:55 | Report Abuse

Kahhoeng: Today i will buy some puncak shares. We fight together. This Rzl thinks minorty shareholders are stupid. Can do watever he wan. Can appoint the inexperience son to be the boss.... Not fair. I rather hng be the lousy boss.

Posted by rogers123 > 2016-11-16 15:56 | Report Abuse

Poor me RGB keep climbing higher and higher. Holding for 2 years really worth

Posted by rogers123 > 2016-11-16 15:57 | Report Abuse

Luckily i didnt hold for puncak or else today 1.80 to 1.00

Posted by rogers123 > 2016-11-16 15:57 | Report Abuse

Loss die me

Posted by rogers123 > 2016-11-16 15:59 | Report Abuse

Target 0.30 will sell alll.... Hahaha

Posted by hng33 > 2016-11-16 16:06 | Report Abuse

According to Triplc, company secretary Miss Cheng, the HOA between Puncak and triplc deal is ongoing, but whether it can conclude by tomorrow due date or extend again, she cannot tell, only ask to wait for tomorrow announcement

Posted by hng33 > 2016-11-16 16:07 | Report Abuse

Puncak current depress price is already floor price and at its stronghold support. Any positive news, will spark Puncak to rebound significantly.

Posted by meisha > 2016-11-16 16:22 | Report Abuse

so can buy Triplc then since it is related to Puncak?

Posted by meisha > 2016-11-16 16:32 | Report Abuse

both Puncak and Triplc volume is low. Why there is no big volume when we are anticipating some news/announcement?

Posted by hng33 > 2016-11-16 17:00 | Report Abuse

meisha

You have to make own decision, no insider news

Posted by rogers123 > 2016-11-16 17:50 | Report Abuse

Buy puncak and triplc....

Posted by rogers123 > 2016-11-16 17:52 | Report Abuse

Remember one thing Good company + good company= Better company. Bad company+ bad company= Bad bad company. There is no difference for puncak to acquire triplc

Posted by rogers123 > 2016-11-16 17:53 | Report Abuse

to accelerate the profit

Posted by rogers123 > 2016-11-16 17:55 | Report Abuse

Hng: price will tell u whether it can be concluded or not. The price shown, it wont conclude.. extend another 3 months. Let see

Posted by Ckk2266 > 2016-11-17 10:59 | Report Abuse

Accumulate more @ 1.00

Posted by Ckk2266 > 2016-11-17 17:39 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5261969

Posted by linges > 2016-11-17 17:48 | Report Abuse

more delay :((