Those selling now COULD be from those tired of waiting or miscalculated the length of time their fund needed to be locked in or fear of uncertainty because EGM is not call after waiting for 6 months.
I think before the scr . Prk will announce a special dividend for us . I will like to accept the scr . If have more than 10 or 20 % premium from the last offer price .
10 or 20% from 3.90 ??? Impossible....They are prolonging the exercise to create some uncertainty to cause the price to soften.........trying to indicate that the price will drop if SCR is rejected. 3.90 seems reasonable to me even it is bought at current level.....10% return for a few months' investment........where to find??
Delloyd Ventures Bhd’s share price surged to multi-year highs of RM4.96 on Tuesday after its major shareholders raised their buyout offer by 40 sen to RM5.20 a share. Chung & Tee Ventures is the single largest shareholder in Delloyd with a 34.24% stake. Chung & Tee Ventures and parties acting in concert with it, which collectively owned a 63.58% stake in Delloyd, had in May proposed to take Delloyd private via a selective capital reduction and repayment exercise at RM4.80 per share.
I think public float is down to less then 20% now. In July till now about 3% of volume transacted. many months before that, the volume was even higher. I think it will happen soon.10% upside is ok oredi but higher offer may be in place and a big bonus to everyone
Hopefully will start moving soon. The Edge weekly did a story stating that offer price may possibly be reviewed. Minorities are holding out for RM 4.5 at least.
If the offer is rejected in an EGM, they will need another 6 mths b4 they can come out with a new offer. If they withdraw, may be they can use other method, like a GO. At the end, it is the offer price that matters. Short term it may be negative to the price, but for long term it should be higher. Sime Darby is in for the long term.
@skng74. It's a bad news for the short term. But the stock has missed out on the current rally of undervalued property stocks bcos of impending SCR and moreover a lot of shares have changed hands at current level for the last 10 mths, so I hope the negative reaction will not be too bad. I think they will still negotiate with Sime Darby.
Well, it's good that there are minority shareholders with enough firepower to ensure ikan bilis holders like us don't get underpaid for undervalued company.
@skng74. In an article published by the edge 2 wks ago, Minority Group said they are willing to accept 4.50 and Sime Darby was negotiating for a better price. Think SD was asking for a very high price, if it's 4.50, it should be acceptable to PKNP. If their assets are so undervalued, then can consider holding for long term.......If they really needs the asset, they will come out with a better offer.
It is learnt that the contention point is that the offer of RM3.90 is way below the asset value of Perak Corp, which owns a large landbank in Perak that has not been revalued for years, and port assets.
Bo Chow C My Cutie Cat Leno is here to disturb all of you.
I have very nostalgic and fond memory of Perak Corp. I bought this stock at only 60 cents years back when it has an NTA of over RM3.00 then. Now at over RM3.50 people are fully awakened to the undervaluation of Perak Corp finally.
Note:
I have moved to BJ Corp for the Same Reason.
Ha! Calvin is so fortune with all the Corps
1) Bought Perak Corp at 60 cents
2) SBC Corp at 50 cents
3) PM Corp at 9 cents
4) Now BJ Corp at 49 cents
5) Also MP Corp (This one as undervalue as Perak Corp at 60 cents when nobody interested.)
CALVIN BOUGHT PERAK CORP AT 60 CENTS BY WALTER SCHLOSS' METHOD!
Walter Schloss advocated the Purchase of Securities Below Its NTA. This was mentioned by Warren Buffet in his legendary article called "THE SUPER INVESTORS OF GRAHAM & DODDSVILLE". Of the 10 Super Investors Listed By Warren WALTER SCHLOSS Caught My Attention.
So I Bought Perak Corp at 60 cents when it was selling at 80% Discount to NTA of over RM3.00
Also SBC Corp at 50 cents when it was selling at 75% Discount to NTA of over RM2.00
As it turned out Perak Corp did better by virtue of its Steeper Discount of 80% against SBC Corp at 75%!
It is like this.
BUY UNDERVALUE SHARES AT DEEP DISCOUNT TO NTA
THEN HOLD IT TIGHTLY TILL VALUE EMERGE SOMEDAY!
How Long?
For Perak Corp & SBC Corp that was 7 years again.
But It's Worth It All. A Yearly Gain of 60% to 100% Is Simply Fabulous
NTA is Adjusted Upward according to Inflation. Tongher shares rose because the rise of nickle at one time. So All Assets of BJ Corp, PM Corp & MP Corp are still at Old Book Value.
Since Valuation Is Subjective Unless Done By A Professional Valuer We can Only Give A Rough Estimate.
For Perak Corp Sources Have Said It Should Be Anywhere from RM5.00 to RM12.00
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....
stkoay
6,480 posts
Posted by stkoay > 2014-07-18 14:17 | Report Abuse
Those selling now COULD be from those tired of waiting or miscalculated the length of time their fund needed to be locked in or fear of uncertainty because EGM is not call after waiting for 6 months.