kaheong kor-kor, i only have 20 lots average 1.20++ , i think RZL would not care about my opinion whether i protest or not at the egm ... unless kaheong kor-kor you have more of puncak shares or otherwise our fight will be futile ...
Let's face it, Rozali is not going to privatise Puncak. Last time Puncak has RM2.50 net cash but after acquiring plantation biz and all the planting cost to be incurred, cash is depleting fast. and if rozali last time offer below Rm2,50, shareholders would be jumping claiming not fair. if he offers 2.50, then he gets back 2.50 net cash and loss-making biz, rozali is not so dumb
and please don't mislead others, it's almost impossible to have a cash-out options or SC to intervene
why no cash-out?
1. in case you have forgotten, when water assets were disposed, shareholders voted for it and it is clearly mentioned RM1 special dividend and the rest used for acquisition, you can't accuse rozali of not keeping his promise
2. all capital reduction or repayment has to get high court approval. minority shareholders can't just ask for capital repayment because they are unhappy. their right is just to vote no and if enough numbers, then can reject the deal. or if enough numbers, ask for voluntary wind up
and why SC won't intervene? it's simple, because they don't have grounds to. regulators can't just act based on whims and fancy
yes puncak board could have done more to address the share price decline but they are not legally required to do so. it's not SC's job to determine if a company is undervalued or teach companies how to run or pay dividend/do share buyback/ capital repayment etc.
it's also not SC's job to determine if the deal if fair/not fair. there are provisions in listing requirements. independent adviser make recommendations, SC merely review the documents to assess if the adviser's recommendations have valid basis. if they jump into conclusions, then the regulator itself would be contravening or bypassing the listing requirements. simply put, SC cannot block a deal unless there are clear wrongdoings on the company or advisers' part
Also remember Shareholder voted Yes during Pucak round 1 and got Rm 1.00 div...bcos they believe...Rozali will not be so unfairly treat them mah;
1. Rozali, act for his own benefit by buying his own company triplc Triplc loh...!!.
2. Rozali, get puncak to pay cash rm 3.00 for triplc at the same time..get puncak ensure triplc listing status to be transfer to his own vehicle and the cost of that exercise to be borne by puncak. Where the cost of getting the listing vehicle should be right fully be borne by Rozali...and he should also pay a premium to puncak for the listed status of the SPV.
3. To make matter worse, he get TRIPLC minority shareholder to be paid by a useless listed scripts which is only a cash shell with no business, instead of just simply paying minority Rm 3.00 mah...!!
The above is not ground for SC to carefully consider meh ?
The deal is apparently seen nonsense or ridiculous to Triplc minorities....why dispose the entire concession business and yet cash will be kept in piggy bank to acquire another higher risk business? I don't think Triplc MI would vote GO.
PLEASE DON GIVE UP ...FIGHT WITH ROZALI LOH....!! TABUNG HAJI, ALSO MAJOR SHAREHOLDER OF PUNCAK....THE DEAL CANNOT GET THRU...UNLESS TABUNG HAJI VOTE YES LOH....!!
BUT ROZALI, MAY JUST BRIBE TABUNG HALI SENIOR OFFICIAL TO GET IT THRU LOH...!! THATS WHY MUST BLOW IT UP....MAKE IT BIG, SO THAT TABUNG HAJI IS PUT TO NOTICE LOH....!!
THERE IS HOPE TO GET A BETTER DEAL...WITH TABUNG HAJI AROUND LOH...!!
talk no use.... we are just like an ant on RZL's palm. same same... we are just like an ant to MO 1 and hippo.... they can kill us easily with ISA, NSC or SOSMA....
Many ants bite can worst than mosquito bite . Any Egm pls inform at least make it tough rzl . Anyway i will hold until the next general election n see how
IF U FIGHT PUNCAK.....FOR THE LONGER HAUL....DON FORGET TO BUY TRIPLC AS WELL LOH.....!!
YES TRIPLC DEAL....MAY GET THE RISK OF BEING REJECTED BY PUNCAK & TRIPLC SHAREHOLDERS...BUT KNOWING ROZALI....WHEN HE GOT VESTED INTEREST....SURELY HE WILL TRY TO GREASE THE SHAREHOLDERS TO GET IT TRUE MAH.....!!
SO IF REJECTED TRIPLC....NO PROBLEM WILL ALWAYS COME BACK FOR BETTER DEAL LOH.....!!
SO IF U BET.....4D ON PUNCAK....REMEMBER TO BUY TRIPLC AS WELL MAH...!! TRIPLC IS YOUR IBOX LOH.....!!
stockraider... please ask icon8888 to write an article... or otb...to write an article... or your good friend... kyy to write an article... or ask kyy to send a letter to RZL.
Posted by steveooikp > Jan 6, 2017 04:40 PM | Report Abuse
stockraider... please ask icon8888 to write an article... or otb...to write an article... or your good friend... kyy to write an article... or ask kyy to send a letter to RZL.
Dear Steve,
IF U ASK THEM TO WRITE...IT IS LIKE CONNING ANOTHER MINORITY SHAREHOLDER LOH....!! IT IS NOT A RIGHT WAY TO FIGHT LOH...!!
THE RIGHT WAY TO FIGHT IS WRITE TO;
SECURITIES COMMISSION BURSA MSWG TABUNG HAJI INDEPENDENT DIRECTOR OF PUNCAK & TRIPLC LOH INVESTMENT BANK
stockraider... puncak as you said got plenty of cash.... what is wrong to write an article? to get the poorer minority to earn some money for ang pow.... kyy always said want to help the poor.... wan to help ppl to make money... call him mah... let him help... don;'t say we don't give ppl chance to help....
KYY angry is angry .... that one nvm one.... KYY is a big man.... he is very forgiving one... I don;'t know KYY .... he won't answer me.... KYY and Raider know each other very well..... Don't worry... KYY is very kind... he wants to help the poor..... he will help no matter he is angry with you or angry with who..... you cannot say angry, then you don't help right? like our Prime Minister, he is also very angry with Bersih.... but he still promise he will do his best for the nation and also for the people mah....
KYY angry is angry .... that one nvm one.... KYY is a big man.... he is very forgiving one... I don;'t know KYY .... he won't answer me.... KYY and Raider know each other very well..... Don't worry... KYY is very kind... he wants to help the poor..... he will help no matter he is angry with you or angry with who..... you cannot say angry, then you don't help right? like our Prime Minister, he is also very angry with Bersih.... but he still promise he will do his best for the nation and also for the people mah...
BTW....STEVE....RAIDER IS NOT POOR MAH....!! SO KYY WOULD NOT HELP RAIDER LOH...!!
Will focus on TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.04 immediately..... making a mockery... of open market mechanism of price discovery...
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....
fzank
1,537 posts
Posted by fzank > 2017-01-05 11:51 | Report Abuse
kaheong kor-kor, i only have 20 lots average 1.20++ , i think RZL would not care about my opinion whether i protest or not at the egm ... unless kaheong kor-kor you have more of puncak shares or otherwise our fight will be futile ...