Posted by steveooikp > 2016-12-19 09:15 | Report Abuse

seem like buyers are in puncak now...
triplc... I think is over....

Posted by micky92 > 2016-12-19 09:16 | Report Abuse

i am in also.sense rm1 coming

Posted by rogers123 > 2016-12-19 09:16 | Report Abuse

bought puncak.

Posted by rogers123 > 2016-12-19 09:16 | Report Abuse

will sell all at 1.00

Posted by rogers123 > 2016-12-19 09:20 | Report Abuse

Bought more and more puncak

Posted by rogers123 > 2016-12-19 09:22 | Report Abuse

Chasing

Posted by rogers123 > 2016-12-19 09:22 | Report Abuse

Will continue chase

Posted by rogers123 > 2016-12-19 09:23 | Report Abuse

Hng: This is only called buying,

Posted by Mikkel Low > 2016-12-19 09:27 | Report Abuse

bought puncak

Posted by hng33 > 2016-12-19 09:27 | Report Abuse

hahahaha, GOOOOOOOOOOOOOOOOOOOO

Posted by rogers123 > 2016-12-19 09:29 | Report Abuse

Hng: Put ur sell at 0.94. Will buy all. The volume at 0.94 is too low

Posted by steveooikp > 2016-12-19 09:35 | Report Abuse

hold... rzk won't put puncak at 9x sen...

Posted by Mikkel Low > 2016-12-19 09:36 | Report Abuse

now is 0.93, roger buy pls

Posted by rogers123 > 2016-12-19 09:36 | Report Abuse

enough for me for today

Posted by rogers123 > 2016-12-19 09:37 | Report Abuse

No, too many sellers

Posted by steveooikp > 2016-12-19 09:39 | Report Abuse

ya... bcos some of them bought cheap at 89 sens.... aldy made few sens...

hold and wait....

puncak won't be in 9x sen...

Posted by voon1900 > 2016-12-19 09:40 | Report Abuse

pui

Posted by steveooikp > 2016-12-19 09:42 | Report Abuse

why pui.

if you pui here and pui there...

then which counters you think is ok?

can recommend?

Posted by hng33 > 2016-12-19 09:44 | Report Abuse

hahahaha, there is more supply at 92.5 wowwww. clown roger123 go and grab all la, talk cock only, loser minded clown lolllll


rogers123 Will continue chase
19/12/2016 09:22


rogers123 Hng: Put ur sell at 0.94. Will buy all. The volume at 0.94 is too low
19/12/2016 09:29

Posted by rogers123 > 2016-12-19 09:44 | Report Abuse

All my queue has bought. Hahaha. So strong sellers

Posted by hng33 > 2016-12-19 09:45 | Report Abuse

pity clown roger123 get BACKFIRE lollll

Posted by kahhoeng > 2016-12-19 09:46 | Report Abuse

firehwak,

Are you a Puncak shareholder? Have you invested in Puncak because of me? I believe I was not wrong in valuing the company, and the balance sheet is still showing a net asset per share of 3.41 while its net cash per share is still approximately 2.50 per share. So, what's wrong if I believe Puncak should be valued between 2.30 and 2.80 the least to reflect its net cash and its land holding (it has over 250 acres in Selangor) that's debt free?

If you are not a Puncak shareholder, why are you so pissed here trying to remind 'expert'? If you are, why are you so pissed at the 'expert' here but not the 'expert' publishing expert view but with inaccurate data or majority shareholders sitting in the board not trying to assuage shareholders' fear?

Or, are you the CIMB analyst so pissed at me complaining to SC? Or, are you Rozali or his clan member so pissed at me complaining to SC?

If you are shareholder, exercise your rights rather than who knows what your intention here...

If you are merely trying to have fun over angered Puncak shareholders like me, wonder what you are...

Posted by rogers123 > 2016-12-19 09:46 | Report Abuse

R u crazy? Suddenly all the seller came out.

Posted by steveooikp > 2016-12-19 10:00 | Report Abuse

those sellers bought at 89 ... 90 ... 91 ... 92.... last times... earn few sens...

Posted by rogers123 > 2016-12-19 10:00 | Report Abuse

as least i bought from 9.16 am onward to 9.27am, can see volume. Not like u. Not even can see the volume

Posted by firehawk > 2016-12-19 10:08 | Report Abuse

WAH! expert comes to piss off again ....

just like before, when ppl give -ve comment, expert also pissed off very much ... he think impairment loss is one off only, will not happen again! expert never review what's wrong, but keep on pissing ....

expert will never wrong, can piss off heavy to others, bocos expert is very knowledgeable and far sighted + very clever :)

Posted by firehawk > 2016-12-19 10:18 | Report Abuse

Investment made simple (revised version):
if share at less than 40% net cash --> only look at asset and cash ...no need to consider prospect, P/E, management ..... and other factors.

most important is, will never wrong base on this stock picking criteria!


today,... a solid proof of expert excellent stock picking method!!

Posted by Mikkel Low > 2016-12-19 10:21 | Report Abuse

only few buyers bought at 0.885 0.89 0.90 on last few weeks as quantity to sold at such price is low. the largest quantity to sold at 0.90 is last friday. But for today, many sellers only planned to earn around 2-3% of return

Posted by hng33 > 2016-12-19 10:22 | Report Abuse

free up more capital from others stock (TA and porlexus),. swap some capital here, to increase more Puncak stake, bought more Puncak at 92-92.5sen

Posted by triplc69 > 2016-12-19 10:26 | Report Abuse

target 70cts...cash all wipe out with the purchase of highly overpriced ..both negative,,,for triplc shareholders...u get nothing..share swap...that's it...for puncak shareholders even worse..bye bye..another THHEAVY in the making...

Posted by firehawk > 2016-12-19 10:26 | Report Abuse

while last time expert scold ... now expert piss, is upgraded ....

Posted by kahhoeng > 2016-12-19 10:29 | Report Abuse

firehwak,

Are you a Puncak shareholder? Have you invested in Puncak because of me? I believe I was not wrong in valuing the company, and the balance sheet is still showing a net asset per share of 3.41 while its net cash per share is still approximately 2.50 per share. So, what's wrong if I believe Puncak should be valued between 2.30 and 2.80 the least to reflect its net cash and its land holding (it has over 250 acres in Selangor) that's debt free?

If you are not a Puncak shareholder, why are you so pissed here trying to remind 'expert'? If you are, why are you so pissed at the 'expert' here but not the 'expert' publishing expert view but with inaccurate data or majority shareholders sitting in the board not trying to assuage shareholders' fear?

Or, are you the CIMB analyst so pissed at me complaining to SC? Or, are you Rozali or his clan member so pissed at me complaining to SC?

If you are shareholder, exercise your rights rather than who knows what your intention here...

If you are merely trying to have fun over angered Puncak shareholders like me, wonder what you are...

Posted by steveooikp > 2016-12-19 10:32 | Report Abuse

hng33....

mind to reveal what is your average buying price ?

Posted by Up_down > 2016-12-19 10:33 | Report Abuse

Puncak has to come out at least 746 million in new plantation business...Its piggy bank will reduce to 144 million after acquiring Triplc.

Don't forget Triplc's Net borrowing stands at 230 million. Puncak will show net Debt in its accounts after consolidation both business. Some more, another Triplc's Sukuk debt worth 600 million has not been taken into account...In the end, Puncak will turn into high gearing company.

Net Cash in Bank: 1,100 million
Less: Acquisition: 446.5 million ( 60% plantation business 33,400 hec )
Less: Plantation expenditure: 270 million ( 15k/hec estimate 450 million x 60% )
Less: Palm oil mill : 30 million ( Estimate 50 million x 60% )
Less: Acquisition of Triplc : 210 million

Posted by firehawk > 2016-12-19 10:34 | Report Abuse

expert is very knowledge loaded + far-sighted ... while some are losing confidence, expert retreads the TP= 2.30 - 2.80, which is more 100% -200% return ... this would firming the investors confidence, is very important to do so .....

TP =2.30 -2.80!! (remains intact even after losses reported, bcos cash is still about 2.50)

Posted by steveooikp > 2016-12-19 10:42 | Report Abuse

thanks, hng33....

Posted by hng33 > 2016-12-19 10:57 | Report Abuse

Fully utilize all balance free up capital from TA and Prolexus,.all in Puncak at 92.5sen, My average price on Puncak have further down at about 96.4sen, forming about 43.6% stake in total portfolio.

Puncak is now TOP holding in my portfolio

Posted by rogers123 > 2016-12-19 11:37 | Report Abuse

Hahahaha. Good hng. I will get more fund to buy puncak

Posted by steveooikp > 2016-12-19 11:40 | Report Abuse

I think rzl will not let go of puncak at 9x sen?

what can rzl earn at 9x sen?

puncak spend RM 3 to buy triplc....

both puncak and triplc are belonged to rzk... he earns what?

Posted by Up_down > 2016-12-19 13:03 | Report Abuse

Puncak wanted to rob the assets of Triplc so MI must block the deal for peanut cash 210 million. Wakaka

Posted by hng33 > 2016-12-19 13:05 | Report Abuse

Puncak paid Triplc for RM 210m. Lets look what Triplc have now!!??

Total Shareholder fund: RM 174m
Total borrowing RM 308m
Net Gearing: 1.77

Look very weak, isn't? wait hold on....

1. Lets look what Triplc landbank audited book value vs market value first
Audited book value RM 67.69 vs market value RM 258.4m. Therefore, the net surplus will be RM 190.7m, which alone is almost can be use to set off Puncak acqusition cost on triplc for RM 210m



2. Lets look what triplc borrowing of RM 308m, which is majority form by MTN secure backed by 20 year concession. MTN program manage to carry a AAA rating from MARC under BOT which secure to fund Zone 1 Phase 2, gets the contracts from MOE, borrow money based on the contract and guarantees by MOF, get monthly repayment throughout 20 year paid by UiTM in the form of availability charges which comes to RM42m per annum.

So over the 20 years period, Triplc should be paid RM42m x 20 or RM840m. These deferred cash payment of RM42m over 20 long years will used to match both capital repayment and coupon interest rate charge in MTN, and netting off Triplc with 'ACTUAL' net profit about RM 12m pa. Therefore, Triplc borrowing now is very well taken care by concession, and triplc is just sit tight and laugh all your way to the bank with annual free cash profit RM 12m pa through 20 year concession period.


3. Another concession project, Zone 1 Phase 3 of the UiTM campus. This time round it’s RM599m for construction in the first 3 years plus another 22 years of maintenance concession. triplc have secure both Junior Sukuk Murabahah Programme of up to RM150.0 million + Senior Sukuk Murabahah of up to RM639.0 million.

So, for simplicity, triplc secure both Junior and senior MTN total RM 789m to fund construction cost RM 599m, implying triplc will secure at least RM190m pre-tax profit during 3 year construction period via fair value accounting whereby the revenue is recognised based on the fair value of the consideration received. Once completed, UiTM will repay back triplc through monthly repayment, estimate RM 85-90m pa, allow triplc NOT ONLY to use to payback MTN over next 22 year concession period, but also potential pocket free cash profit RM 25m pa over next 22 year.


In short, for completed Zone 1 Phase 2, triplc stand to reap free cash profit about RM 12m pa over next 20 year concession period

+

for zone 1 phase 2 triplc will record construction profit for Zone 1 Phase 3 of the UiTM for next 3 year (amount RM 190m or 60m pa), follow by free cash profit RM 25m pa over next 22 year concession

+

Puncak stand to reap surplus on triplc landbank worth RM 190m



Therefore, the accounting should be

Total Shareholder fund: RM 174m + landbank fair value surplus RM 190m

Total borrowing RM 308m (MTN secure by Zone 1 Phase 2, to be repay back via availability charges RM42m pa)

Additional borrowing RM 789m (Junior and senior MTN secure by Zone 1 Phase 3, to be repay back via availability charges RM85-90m pa)

Net Gearing: nil

Free cash profit: RM 12m pa for 20 year concession period + 60m pa for 3 year (fair value recognized on construction Zone 1 Phase 3, follow by RM 25m pa free cash profit for following 22 year concession period

Posted by stockraider > 2016-12-19 13:10 | Report Abuse

Actually Puncak can achieved the same result as triplc acquisition by putting Rm 210m in bonds with an annual yield of 6% pa for 20 yrs mah....!!

Posted by Up_down > 2016-12-19 13:12 | Report Abuse

The problem is.....Can you bear with the facts that Puncak piggy bank would turn into zero and the company has to borrow heavily to finance the concession assets? You want to see cash in the bank while the company keeps posting losses OR high gearing cum profits in the future? so must know how to give and take lor.

Posted by hng33 > 2016-12-19 13:14 | Report Abuse

stockraider

Just merely triplc landbank alone, alrdy net surplus RM 190m , almost to set off Puncak acquisition cost on triplc for RM 210m.

Puncak is alike get 2 long term concession for 'FREE"

Posted by voon1900 > 2016-12-19 13:15 | Report Abuse

be careful hng sifu...all the best

Posted by stockraider > 2016-12-19 13:15 | Report Abuse

But the problem is Triplc shareholders....will have another clone mini puncak loh.....!!
It will trade at 33% to 50% of its assets value, once deal complete loh....!!

Posted by micky92 > 2016-12-19 13:17 | Report Abuse

wait for afternoon show..

Posted by stockraider > 2016-12-19 13:18 | Report Abuse

Posted by hng33 > Dec 19, 2016 01:14 PM | Report Abuse

stockraider

Just merely triplc landbank alone, alrdy net surplus RM 190m , almost to set off Puncak acquisition cost on triplc for RM 210m.

Puncak is alike get 2 long term concession for 'FREE"

RAIDER AGREE....BUT THE OVERALL IRR IS ONLY 6% PA, BCOS OF ROZALI SCHEMING TO GASAK BOTH AT TRIPLC AND PUNCAK LOH...!!

Posted by steveooikp > 2016-12-19 13:18 | Report Abuse

yes.

hng 33 is correct.

is a good deal for puncak to generate profit.

Posted by Up_down > 2016-12-19 13:19 | Report Abuse

If the deal is approved, Triplc shareholders have to beg for the mercy from Rozali to pay dividends....game over. So Triplc MI must reject the deal lor...Wakaka