angiess, err... from my understanding, every deal which is under SC's purview will be evaluated accordingly. So, when roger123 said 'investigated', I'm kind of curious too as to what he meant. Though, given his record, can't say much
seems like some puncak shareholders have already been driven insane, celebrating lower quarterly losses. better pray that triplc shareholders will sell the biz to you, if not based on current biz there's no hopes of a turnaround
wil be dwn til delisted...another parkson <perwaja >in the making...once i have hope on its cash,bt the conman is too powerful..felt realy sory for those trap in high price.dunno cut or keep coz it violate the investing rules..somemore need to bear the fear...many lost in tis counter
Kahhoeng: i support u. Puncak is running by all the inexperience n moron management. How to make profit. Toy of rozali's family. Did u query the rozali salary in agm? Luckily i sold all yesterday, made some small losses. After buying triplc n sarawak plantation, the loss will go bigger
Jay, if current Puncak's management team can incur over 400+ million losses over the last 6 quarters with less than 110 million revenue, sure can it continue to loss with the addition of TRIPLC and/or Sarawak plantation. Might as well close down all businesses and sell all assets to distribute us the cash. Tan Sri Rozali can acquire TRIPLC at 210 million and plantation of 1.5 years old (immature trees on matured land?) at 45,000 per hectare and show how stupid his minorities are for missing out the opportunities of the life time to PNRTR (Puncak Niaga Rich To Richer.) I just hope to get out at 2.30 cash offer (I'm not even looking at Tan Sri selling everything of Puncak Niaga) so I won't have to face the risk of PNPTP (Puncak Niaga Poor to Poorer.)
ks55 sometimes it makes sense to hold. In Puncak's case, like it or not, the cash is still above 2.00 per share and NA per share is still above 3.00. So long we minorities can voice out with SC taking actions, there's still chance we will be able to recoup our investment. After recouping, I will avoid any share Rozali has a hand, unless I am not aware of it.
I'm learning to invest, not to gamble or participating in money game!
joker rmoi. at least triplc I can safely say it's a counter with future, with or without puncak. a stable concession company with new concession earnings to be recognised vs a company saddled with nothing but cash and loss-making biz. even MSWG agrees that at RM3, triplc is the one who got shortchanged in the deal (you can ask kahhoeng, he was the one who got the MSWG reply)
a practical investor works within a realistic parameter. face it, rozali will not shut down puncak. if puncak loss-making biz continue, the best thing for them is to acquire companies that contribute earnings immediately (plantation is long term). market don't value loss-making companies. only with profit, then puncak can get re-rated and puncak shareholders get their long awaited return. but I guess limited minds just couldn't see that
Jay, like I said, if the deals, be it TRIPLC or plantation, be SO good to be true, offer Puncak minorities an option to GO, not much 2.30 per share. Tan Sri Rozali can laugh to the end mocking short-sighted minorities for missing out the opportunity of the lifetime.
I would rather take 2.30 cash then investing in overpriced companies to be written off later!
If you are minorities of Puncak Niaga, take the initiative to call SC, seeking alternatives or a better deal. Complain with no results is always better than not complaining while wondering if there will be any impact at all!
The basis of investment rest on a sound regulatory system. If there isn't any, what's the difference between investment and money game?
if the water deal with Selangor state government gone bad, I won't say a word, either sell at huge loss or stand behind Rozali to defend what's right, depending on what makes more sense.
If after asset disposal, Puncak is holding on to 0 asset and price at 0.90 against my valuation or what I read through analyst reports, then I won't say a word and sell, cause I'm making a huge mistake in my investment.
well, so far, Puncak is still holding on to around 2.30 cash and 3.10 net asset per share while trading at 0.925. if Rozali has been mistreating us, then we should unite to challenge. If not, learn to know the reasons behind the fall.
If our mentalities of investment is to avoid 'bad bosses' then either the market is full of bullies, cause majorities know they won't be touched or the market is full of traps, not knowing which company will gone bad just because some major shareholder went short-circuited. Only when minorities learn to defend themselves can we get fair deals and not falling into another trap.
ks55, if I were to invest in those you have proposed and things gone bad cause some of these major shareholders gone haywire, should I just sell at loss again and bail? If so, I might as well put my money in FD or invest in other equity market, cause there's simply no safety of investing in Malaysia equity market!
Rosi cahort ah blur jay... going by the prices of rosi two companies... the whole market seems to be of limited minds.... except you that is
Ok.. lets put rosi bad name... bad management... bad intention aside.. lets just look at the numbers.... profitability counts everybody knows that... dont beat around the bush... Kahhoeng says it will be written off eventuality... do tell what PUNCAKs EPS will be for the next two years after taking over TRIplc.... PUNCAK certainly can use some publicity
Puncak is a very political counter. Rozali rub good shoulder with PM and forsee after Selangor losses its state to BN in the next election, Puncak should be able to fly.
PUNCAK NIAGA HOLDINGS BERHAD ("PUNCAK NIAGA" OR "COMPANY")
PROPOSED ACQUISITION BY PUNCAK NIAGA OF THE ENTIRE ISSUED SHARE CAPITAL IN TRIplc BERHAD FROM PIMPINAN EHSAN BERHAD FOR A CASH CONSIDERATION OF RM210 MILLION ("PROPOSED ACQUISITION") We refer to the announcements dated 16 December 2016 and 28 April 2017 in respect of the Proposed Acquisition.
On behalf of the Board of Directors of Puncak Niaga, Hong Leong Investment Bank Berhad wishes to announce that the Company has been notified by TRIplc Berhad that it has procured the approval of Unit Kerjasama Awam Swasta for the disposal of the entire equity interest in TRIplc Berhad by Pimpinan Ehsan Berhad, being one of the conditions precedent to be fulfilled by Pimpinan Ehsan Berhad pursuant to the conditional share sale agreement dated 16 December 2016.
TRIplc is a very good deal for PUNCAK... Rosi cahort ah blur jay... says... everyday
But... now that there is 1st ok... asked Rosi cahort ah blur jay... is he gonna sailang PUNCAK Monday... Rosi cahort ah blur jay... has nothing to say...
Talking about.. talk the talk... walk the walk
r°Moi .
Another FAQ.... now that it is getting closer.... and it is such a good deal for PUNCAK... according to you... are you going to sailang PUNCAK Monday?
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....
kahhoeng
3,950 posts
Posted by kahhoeng > 2017-05-26 21:08 | Report Abuse
angiess, what did you hear?