Posted by r°Moi > 2016-11-27 13:23 | Report Abuse

.

Puncak price is sinking... together with its ongoing kitchen sinking

No matter how big would have preferred the kitchen sinking was all done in one quarter in one go

Instead of piece meal like now quarter after quarter and made the price hit new low

And creates uncertainty.... and makes people worry.... asking how many more such hit to go??

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Posted by stockraider > 2016-11-27 13:30 | Report Abuse

It is a dilema for investment loh.....!!

On one hand....loss making loh....!!
On the otherhand....big undervalue opportunity mah...!!

Thats why investment is an art....never a science loh....!!

Posted by jacklintan > 2016-11-27 14:29 | Report Abuse

stockraider: what is your opinion on PUncak now? wanna hear

Posted by stockraider > 2016-11-27 14:49 | Report Abuse

Slowly buy loh...!!

Posted by cheoky > 2016-11-27 17:45 | Report Abuse

Current price rm1.93, twelve months back rm2.8-rm2.9 vs nta rm4 that time. Approximation. Wat happens during in this twelve, no core biz, bloated staff expenses, non stop impairment, questionable management. how much? Sentiment wise: institution mandate to leave this stock due to non fulfillment of core biz? Rozali name scare the hell of investor. Only dumb LTH add on. What is the upside vs downside currently? Management parameter is a challenging one. Maybe oracle of puncak got the insight. Worth a try or a no go? Roger rozali telephone pls.... I call him now.

Posted by jacklintan > 2016-11-27 21:14 | Report Abuse

I see a 42% buy rate when Puncak fell last Friday after the incurring loss again which added more wounds to traders.

Question is, why Rozali not taking any drastic actions and triplc seem like "another con" job to lure retailers into believing there is a project coming in?

Is Rozali intending to kill Puncak with PN17?

Posted by MuttonCurry > 2016-11-27 21:21 | Report Abuse

See my eralier posts ... MGO on de way @.80

Posted by angiess > 2016-11-27 23:56 | Report Abuse

What is MGO?

Posted by Jay > 2016-11-28 01:24 | Report Abuse

LTH, at least in the past few years, doesn't seem to have a good reputation. I have met quite some people now who treat them as 明灯. in cantonese, that means when they buy/sell, you just go the opposite direction

Posted by Jay > 2016-11-28 01:26 | Report Abuse

friday seems to hit quite high volume, so likely not only retailers selling

Posted by r°Moi > 2016-11-28 07:57 | Report Abuse

Selling by retailers quite high too possibly... those who took positions as the price was low already... and betting on TRIplc RPT... instead surprised by the rude shock from rozali...


Anyway... 0 shorting by shorties

Posted by voon1900 > 2016-11-28 07:59 | Report Abuse

below 90sen today

Posted by voon1900 > 2016-11-28 09:25 | Report Abuse

all bunch of fools pretend to be board of director while u r not

Posted by hng33 > 2016-11-28 11:17 | Report Abuse

Selling volume is disminishing, short term trade sideway, puncak need catayst, take over triplc

Posted by kahhoeng > 2016-11-28 11:37 | Report Abuse

davidtslim, I doubt Rozali is that idiot to announce reporting that can be easily check out. Think forensic accounting might have a chance if the money trails are tracked.

My feeling, Rozali doesn't care about shareholders' response, only interested about benefitting himself, has no concept of win-win, and don't mind grabbing all despite being called villain.

I haven't sold my shares, partly because the money is still in the balance sheet and its too costly to leave now coupling with bombs everywhere in the market now.

Thinking about approaching SC, but can't figure out anything wrong with the recent quarter report. The only two things I have found to put minority shareholders at risk are (1) treatment of investment to avoid classified as PN 16 company and (2) too expensive plantation deal that offer no short-term or mid-term benefits. I have posted these two before.

Doubt MSWG can do a thing either. LTH is one of the key initiators there, and I have seen their concerns over Puncak in the AGM, nothing great...

Only hope is LTH fights back over the plantation deal, but haven't seen them doing a thing either.

Think its dangerous to buy a company where majority shareholder shares 0 information, showing NO sign of caring about minority shareholders, or sufficient regulation to defend minority shareholders in face of this kind of taukeh...

Haven't sold any of my Puncak shares or know what to do now, sigh!

Posted by kahhoeng > 2016-11-28 11:40 | Report Abuse

Rozali seems like worse than VT of BJCorp... Wonder if he's worse than Tiah of TA?!?

Posted by meisha > 2016-11-28 13:31 | Report Abuse

how low can it go? should i cut loss or buy more? difficult to decide..

Posted by Mohd Fahmi Bin Jaes > 2016-11-28 13:35 | Report Abuse

cut

Posted by Jay > 2016-11-28 15:00 | Report Abuse

doubt that SC that can do anything. firstly, the accounting treatment is not wrong. even if it's wrong, it's auditor's job to correct them, not SC. secondly, the plantation deal as long as shareholders approve it, no one can say anything. shareholders' approval itself is already the safeguarding provision

Posted by kahhoeng > 2016-11-28 15:07 | Report Abuse

Jay, rozali arranged the plantation deal to the extent that he doesn't need shareholders approval...that's why I'm hoping SC intervention on the ground 1. Puncak purposely invested to avoid PN 16 classification 2. Plantation deal can't stand to pass a PN 16 classification approval given it's not generating positive cash flow at least for another 2-4 years until trees truly matured and can't be core given effective interests of 36%. Anyway, let's see how, yet to firm up my petition letter to SC

Posted by stockraider > 2016-11-28 15:26 | Report Abuse

Actually plantation investment ok mah...!!

Posted by kahhoeng > 2016-11-28 16:14 | Report Abuse

stockraider, compare Puncak's deal with Sarawak Oil Palm's deal, you would think the deal is absurd. Puncak assumes trees with 18 months and older 'matured', and paying planted area vs unplanted area with a RM 15 thousand/acre premium. With only a 36% actual interests, minority shareholders will be on potential hook to pay this premium in future acquisition.

Posted by stockraider > 2016-11-28 16:40 | Report Abuse

U must understand...Puncak no go in alone....they is other people from samling and former lingui as their partner, these people know plantation business...thus raider comfortable loh!!

Posted by kahhoeng > 2016-11-28 16:58 | Report Abuse

Stockraider, you are the one who have to understand, Puncak is engaging in a deal with Shin Yang where there's a similar deal to compare with. Rozali is slapping with minority shareholders and forcing to take whatever he likes! (1) Puncak is buying at a much higher premium assuming tress above 18 months old as MATURED, and he expect everyone of us to take it as he INVENTED the terminology? (2) Puncak is buying ONLY 36% (had not hng33 pointed out, I would have thought Puncak is buying a higher 60% interests, which would be a better deal) leaving Puncak minority shareholders on hook to a potentially HIGH bill when the company plants more trees and suddenly DECIDE to buy 100%

Wake up, minority shareholders need to learn to complain and not sit quietly!

Posted by stockraider > 2016-11-28 17:04 | Report Abuse

I think their partner the Ling families are not that stupid to buy that expensive mah....!!

U look at Taann how much more they have to pay ??

Plantation land going up....with Rm so weak....will move up more n more loh.....!!

It is a good deal mah....!!

Too much cash with puncak will be dangerous loh....i rather it be in plantation more n more loh...!!

Posted by kahhoeng > 2016-11-28 17:08 | Report Abuse

stockraider, the deal is to buy from Ling family! Taan's land is in proximity to Kuching city, which is closer and lower cost to operate. Please lah, could you kindly go through both deals, and raise your points after reading them? At least hng33 is pointing what's wrong with my understanding. You are simply make it up as it goes...

If Shin Yang Group can sell so EXPENSIVELY to Puncak, why sell so CHEAPLY to Sarawak Oil Palm?!?

Posted by kahhoeng > 2016-11-28 17:10 | Report Abuse

Put it in other words, would Rozali buy this DEAL if its from his own pocket? If yes, why not just declare another special dividend, and he can easily afford to buy with his own cash and let us Puncak minority shareholders off the DEAL!!!! I almost want to say P*K*M* already

Posted by stockraider > 2016-11-28 17:13 | Report Abuse

This are also Rozali monies mah.....!!
Unless he get kick back....if not he is using his own monies to buy mah....!!
I m sure he will be concern too if pay too high price loh...!!

Posted by kahhoeng > 2016-11-28 17:15 | Report Abuse

Unfortunately, I can't PROVE any hanky-panky in the deal, but it SMELLS BAD!!! Had I have any proof, you will know if I will approach relevant authorities for justification.

Posted by stockraider > 2016-11-28 17:18 | Report Abuse

On special div...it is already set out in the circular he pays Rm 1.00....the rest use for acquisition mah....!!
Should make help alot of noice earler if not agree mah...!!

People are worried of Rozali whether....he is competent...thats why puncak share trade at a big discount to its nett cash of more than Rm 2.00 per share loh....!!

Posted by kahhoeng > 2016-11-28 17:23 | Report Abuse

What's worst, Puncak is traded at less than 40% CASH and 30% NET ASSET with less than 40 million debt. Yet, there's little sign buyers are coming in. Worst yet, Puncak majority shareholders and chairman of Puncak say and do nothing! So, that means buying 1.00 cash with 0.40 cash is a worse deal than buying a plantation at premium because Puncak has to SPEND to develop the LANDS for potential future positive CASH FLOW. My ass!

Posted by stockraider > 2016-11-28 17:26 | Report Abuse

Has solace....they are other big shareholder like Tabung Haji there mah...!!

They are in the same boat with us!!

Posted by kahhoeng > 2016-11-28 17:27 | Report Abuse

stockraider, I didn't voice out earlier because I can't see the future on how he treats the balance sheet, 4th quarter 2015, and subsequent 3 quarters of 2016. I have done my part of URGING him to initiate share buy back to assuage concerned shareholders like ME... He said it will be put into consideration but worry about against the LAW. Those who have attended the AGM can vouch for me if Rozali and I had that conversation in the AGM. If a request for share buy back is not even taken into consideration, are you expecting another special dividend?!?

Posted by stockraider > 2016-11-28 17:32 | Report Abuse

It is like that loh....!!
Value investor take time to make monies....thats why people like Calvin Tan....take a very very long time for people to realize his stock recommendation potential value mah.....!!

Thats why KYY...come with his golden rule...sell once it is broken..bcos he don want to wait long long loh...!!

Posted by stockraider > 2016-11-28 17:34 | Report Abuse

Maybe can write to Tabung Haji...urge them to support a share buy back...!!

Rozali will respect them more bcos they are the 2nd largest shareholder loh...!!

Posted by voon1900 > 2016-11-28 18:36 | Report Abuse

a hng arr..loss 2%oso selling diminishing?u r a sin kan lan..i regret to trust u

Posted by voon1900 > 2016-11-28 19:11 | Report Abuse

if u invst in tis crap with heart frm the special divident n wait til nw,sure u go holland alr...vry pandai cheating tistpuncak

Posted by lcwin > 2016-11-28 19:53 | Report Abuse

Kaheong I sorry u are still stuck here n believes this Punchat con job for so long. I have given many warning in this forum what lies in the future of Punchat after Rojadi sodomises Selangor folks in the water concession.
If u can't remember click on my name to search...I too lazy to repeat.
Remember alway cut loss if a seeminly good stock treads down more than 10% to safeguard your Capital.And try not to play Crony stocks like DRB Hicon Bgrp GLC FGV etc...
Regarding complaining to SC. I been through all this rubbish my advice is go get a jug of beer n drown your sorrow for you will never win against a crony. Just consider your loss as tuition fee for your future.
Good luck u need it

Posted by rogers123 > 2016-11-28 22:23 | Report Abuse

Kahhoeng: I have advised u many times. Dont trust HNG33, he is a singkalan. He talked lie to people. The way he bought and sold, are all r rubbish. He can average down from 1.80 to 1.00 many many times because he talked only no need money but u cant. The detail he provided is too impressive. A normal investor wont have so much of time to do research for so many companies at the same time. Icon888 is another blogger, paid by syndicates to write the blog.

Posted by kahhoeng > 2016-11-28 22:25 | Report Abuse

lcwin, probably NO non-KLCI composite stocks in the future, and warn against these companies to all asking my opinion.

Guess I have trusted too much on balance sheet analysis, macro analysis, and believing too much in the ability of regulation.

Posted by rogers123 > 2016-11-28 22:25 | Report Abuse

I bought Iwcity which promoted by HNG33. Bought at 0.91 now is only 0.80++ less than 2 weeks. But he bought at 0.915 and keep averaging down..... So he wont make any loss forever. Bec he can average down anytime he wan. He have infinity of money

Posted by rogers123 > 2016-11-28 22:28 | Report Abuse

0.81

Posted by rogers123 > 2016-11-28 22:31 | Report Abuse

Stock: [ARMADA]: BUMI ARMADA BERHAD
Nov 28, 2016 04:40 PM | Report Abuse

sold back all at 51.5sen, cut loss all


Stock: [ARMADA]: BUMI ARMADA BERHAD
Nov 28, 2016 11:50 AM | Report Abuse

These is the reverse way to average down holding cost


Stock: [PUNCAK]: PUNCAK NIAGA HOLDINGS BHD
Nov 28, 2016 11:17 AM | Report Abuse

Selling volume is disminishing, short term trade sideway, puncak need catayst, take over triplc


Stock: [ARMADA]: BUMI ARMADA BERHAD
Nov 28, 2016 10:33 AM | Report Abuse

Crude oil price have stabilize ahead of meeting


Stock: [ARMADA]: BUMI ARMADA BERHAD
Nov 28, 2016 10:30 AM | Report Abuse

Focus on trading, to reap contra or reverse contra to lowering down holding cost


Stock: [ARMADA]: BUMI ARMADA BERHAD
Nov 28, 2016 10:17 AM | Report Abuse

Bought back all armanda at 51.5sen, reverse into handsoem contra gain first

Posted by angiess > 2016-11-28 22:32 | Report Abuse

Since the construction also making losses why they still want to invest in construction firm?just don't understand their strategy...

Posted by rogers123 > 2016-11-28 22:32 | Report Abuse

Hng: All BS

Posted by angiess > 2016-11-28 23:07 | Report Abuse

They shouldn't invest in any types of business oledi... both oil & construction also making losses...just distribute back the money to minority shareholders

Posted by angiess > 2016-11-28 23:18 | Report Abuse

We have shared enough looses oledi ...

Posted by Up_down > 2016-11-28 23:28 | Report Abuse

Forget about making profit at least for next 3 years if Puncak doesn't acquire a profitable company like, Triplc.

Posted by angiess > 2016-11-28 23:31 | Report Abuse

just wondering if Triplc is a profit making & also a listed company why triplc want to sell to puncak?

Posted by Up_down > 2016-11-28 23:32 | Report Abuse

You are so new to know about Puncak and Triplc.