OCR needs to pay RM3mil only within 3 months to lock in 500 acres of good land for RM10 bil property developmemt for many years. Where else can find such a fantastic JV agreemeet?
Well done finally for OCR! It surely deserves for limit up for getting such a deal, kind of buying 500 acres of land with almost no earnest deposit... Moreover no profit guarantee either!
just buy. I give all my money n put inside this company. worth it. even KWAP n CIMB commerce trustee acquired shares. buy before its too late haha. limit up soon :D
RM5.3bil GDV is to be derived from landed property development in a decent location. Should be easily achieved.
The existing majaor shareholder Ong Kah Hoe only has 20.% stake in OCR. He better ups his stake in the company by acquiring more shares in the market before any other sharp-eye corporate raiders zoom in and easily take control of this smallish company given its attractive JV in hand.
It will be interesting to see if such development will take place......
It's not easy to rescind the JV agreement like what's happened between Ho Hup and Malton's JV agreement many years ago. The history tends to happen again and again. Wouldn't be surprised that they learned that from the said history.
If Seacera wants to rescind or cancel the JV, then OCR can expect a windfall compensation. A 5% penalty or compensation based on a GDV of RM10 bil can translate into a compensation sum of RM500 mil. Huat ah!
That's the point. If Seacera can't pay, the JV remains in OCR's pocket. OCR got the rights to develop the 500 acres land with minimal upfront payment under the JV agreement. Fantastically good deal for OCR.
Bigger corporate raiders or developers should consider hostile takeover or buying over OCR if they want the landbank or various JVs that have been scooped up by OCR.
Isola @ KLCC will start contirbuting positive results for OCR in the next few quarters as the project has finally reached the reinforced concrete framework stage whereby more profits can be recognized in the account.
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....
hairi
473 posts
Posted by hairi > 2019-04-13 23:58 | Report Abuse
Ocr wd guys moving up with volume catching up wc premium