cpe-invest buy in indeed a positive progress, guess no foreign fund management would risk buying m'sia company (PN17 somemore) without seeing the potential. the smell of full m&a is getting strong indeed.
The beauty is he is in action on two counters at the same time.I guess he may play a large part in influencing CPE to invest in Patimas.He also hinted more "goodies" in the coming weeks.He can't make any direct announcement on the exercise.Must via Bursa.
cpe invest heavily in ict base services (b2b, fortel, fx etc etc), can find out more from cpe-invest web site - portfolio page, and many other reports on the web. u can also download the annual report to look into its performance, quick one can goto london stock exchange for summary (c link in previous post).
5.x% each in stakeholding is good but not decisive, real thing come if both boost their holding > 10%.
let's c how it goes ... this could be the first time a m'sia ict firm buyout by foreign JV.
The real show is coming next week! TP 0.20/0.30/0.40/0.50!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HuHoHahahahahahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2 different situation...in tiger...directors n latuks acquire...for patimas...directors dispose n latuks n cpe acquire...mmm.....so,which one will explode?mmm....hope both will fly to north pole...;)
to b fully convincible, more shares must b acquired ... the shareholding structure is very close for now. nevertheless, the news sent a very strong signal in takeover with new prj. let's c...
Businessman Datuk Seri Abdul Azim Zabidi, who has a 7 per cent stake in the PN17 company, has teamed up with a Hong Kong-based Internet company to come up with a rescue plan for Patimas.
Businessman Datuk Seri Abdul Azim Zabidi says he is prepared to take control of Patimas Computers Bhd, a Practice Note 17 (PN17) company, which has to be rescued or face being delisted from Bursa Malaysia.
Azim, who has a seven per cent stake in the PN17 (financially distressed) company, has teamed up with a Hong-Kong-based Internet company to come up with a rescue plan for Patimas.
China Private Equity Ltd (CPE), a private equity firm listed on the London Stock Exchange but mainly operates in China, has this week bought a five per cent stake in Patimas, which is in the computer services-related sector.
Azim said the Hong Kong company that he is working with bought the shares via CPE.
"I won't disclose their name. It is better for them to come forward on their own," he said.
He added that the Chinese company is a big company with a very strong financial footing.
Indeed, big pockets are needed if Patimas is to be rescued as the company reported a net audited loss of RM85 million for the financial year ended March 31 2012.
Azim told Business Times that he intends to tap the expertise of some of his friends in government-linked companies (GLC) to help restructure Patimas.
"I have been talking to Datuk Nur Jazlan Mohamed about coming to Patimas and helping me to restructure the company," said Azim.
Nur Jazlan is the chairman of UDA Holdings Bhd, a government-linked company that is synonymous for its role in urban development.
"We need people like Nur Jazlan to bring back respectability and credibility to Patimas," said Azim.
Azim said he and CPE will seek by as early as next week to shake things up at Patimas.
He declined to comment if he was behind the board room changes that took place in Patimas.
Earlier this week, Patimas told Bursa Malaysia that it has redesignated Jarnail Singh as its group chief executive officer while two non-executive directors - Sulaiman Masrum and Wan Azmi Wan Abd Rahman - have been appointed to the company.
small boy also can sense HK company buy Patimas via CPE from Dato ! that mean no meaning, who is the HK company ? it could be Dato proxy company in HK. If really CPE, then CPE has to announce since it is listed in London.
iafx, I not good in investment. Just 3 month newbie. And for PN17 company, TA also can not apply. Look at THHEAVY, the price just keep droping from last 3 month 0.6 drop to 0.48 after lifting news and potential project receive.
so for Patimas, goods news if share price go higher(someone goreng it or collect by dato or CPE). buy now and sell high. if not movement mean cut loss.
PN17 counter only can purchase when lots of people WANT to purchase. OR you believe one day(3 months or 1 year later) this company can earn big profit.
My personal decision is buy now since Dato is working hard to rescus Patimas (what ever things he said did happen), mean something is going on here. I see oppurtunity here to get big money.(buy at your own risk)
The share sell at 0.125 maybe patimas need some cash to do thing but can not sell at 0.2 because it will scare us and we will feel cheated. which will bring bad image to Patimas. I said that because i buy at 0.13. so must convince myself this is good call to give me hope.
Based on latest news with Hong Kong Investor, I think Patimas will be hot stock for this month and price will go highest......TP above 0.50 cent in short term
read carefully ! CPE never announced anything, it is Patimas's announcement that CPE Capital which using the CPE address in HK. CPE Ltd is a dormant listed co in London n CPE capital is a unknown co. registered in Virginia Island. If CPE Ltd acquired shares it is compulsory to inform to London stock exchange. my advice is got chance better quickly get out from PN 17 zone other wise repeat of another SAAG. By the way anyone of you got check with the London that CPE is still actively traded, at what price ?????
Bravo Dondy, the LSE for CPE quoted on 31/01/2013 was 0.07 pence. A big drop from 0.09 pence -( 22.2 % ) in a single day ! For those who's waiting to jump in monday, say ' kamsia' to Dondy. And for those who's alrdy jump in, may ur god b with u !
He he he.. I heard proxy negative. " Bye"! Bye;! Good luck comrades!
kytan, tks, as expected, the news yield 2 sides of believe as usual. some shareholding analysis will help, but ultimately let's c how monday market will respond.
Investment or trading, Needs: 1. Fundamental Facts from BURSA. 2. Use Facts to do analysis,that is skill. 3. Do not rely on NEWS,news is uncertain,very fast it will become olds.
Winners normally use 1 & 2. Salted fish only follow NEWS.(No 3)
Good Luck everybody.Have nice investment or trading.
Just want to lay out some financial facts on PATIMAS. Total assets = 69mil, Total liabilities = 89mil which is 20mil more than assets. This mean that even after we sold off all the asset, the company will still need 20mil more to close all the liabilities.
While as far as the profit is concern, PATIMAS has never make any profit in the last 5 years. Taking logic into account, who is this stupid Hong Kong company would like to save or take over this kind of company.
While as far as Equity value is concern, it is negative 20mil which mean we can pay less than 0 sen for each of PATIMAS share because when we buy one mean we buy their debts and liabilities and not of any assest or any profit.
patimas a pn17 & risk being delisted is everyone understanding. yr view sounds as u have all the figure u need to blow it, but it is USELESS as the counter priced better than many so call "fundamental" strong penny stock - which too waiting for "story"
hk co stupid or u r stupid, no worry, market will tell :)
Spiderman stick firm to a company,do not want to leave that counter,al last will reach HOLLAND ,become失败的man. Don`t believe just follow for another 6 months,see what will happened ?
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....
alwinsywd0520
186 posts
Posted by alwinsywd0520 > 2013-01-31 17:43 | Report Abuse
6.1m who buy ? ? buy from market ?