Posted by JKing > 2014-01-08 22:13 | Report Abuse

it is the purpose to despress the market price to make the SCR attractive. small investor who do not compare the worth of the company will support the deal if they make profit from the SCR, however smart investor will know that although they gain profit but they are not selling or mean force to sell at below market value.

Posted by HC Lee > 2014-01-08 22:35 | Report Abuse

Yes..the share price is purposely depress. The main players are actually collecting the shares at these low price. Everybody shd go it and collect at these price as there is very little risk...Just think about it..pays 3.62 and get 3.90 in a few months time with so little risk.

Posted by houseofordos > 2014-01-08 22:52 | Report Abuse

JKing, how long does this type of deal take ? Anyway is this a sure thing ? can they confirm get the 75 % support ? If they dont , price could correct ?

Posted by JKing > 2014-01-08 22:59 | Report Abuse

normally take 6 month.

Posted by JKing > 2014-01-08 23:00 | Report Abuse

i am voting against the SCR for your info. i am not going for the 28cent gain but for RM9 minus RM3.90, gain of RM5.10

Posted by JKing > 2014-01-08 23:04 | Report Abuse

no point to buy and sell many counter to get 150% return on your investment. just hold prkcorp for 2 years. I am not suppose to give some inside info however i think i have the duty to educate malaysian retail investor that we are not longer in year 1993 where we buy base on rumuor or speculation.

Posted by JKing > 2014-01-08 23:08 | Report Abuse

here is the info. prkcorp has 450 acre of land in tanjung malim next to proton city. New NAP will be announce soon where further libertise the automotive industries, that help DRBhicom ( you know well who are they) to utlise the availble capacity in tanjung malim factory. With that mean tanjung malim will be the next hot spot for property development business. With this info it should be enough for all of you to figure what is the value. even prkcorp has a nta of RM5, the tanjung malim land was recorded at historical cost of 50cent psf.

Posted by JKing > 2014-01-08 23:12 | Report Abuse

beside tanjung malim, lumut port with colaboration with VALE that has not be inform, Bandr meru land of about 800 acres (book value RM5 psf) market value RM30psf not develop, newly build hotel at Ipoh at unknow value, other small size land around perak. you figure out yourself what is the potential. Ammunidin is from Maybank and the one who push for the PT indo deal, he know what is the hidden value of prkcorp.

Posted by upsidedown119 > 2014-01-09 11:02 | Report Abuse

Only course of action now is for retail investors to unite, buy up as much as possible below RM3.9 and go vote against the SCR.

Posted by upsidedown119 > 2014-01-09 11:08 | Report Abuse

Just the land itself, based on the info, will value PRKCORP at RM18 per share!

Posted by cgtan2020 > 2014-01-09 11:09 | Report Abuse

JKing, look like you need to buy more to push the price over 3.90!!! :). That will spoils the Perak Government party.

Posted by cgtan2020 > 2014-01-09 11:26 | Report Abuse

MSWG details


Address

Our office and mailing address is:

MSWG
11th floor, Bangunan KWSP
No. 3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur

Phone / Fax / Email / Website

Phone:603 2070 9090
Fax: 603 2070 9107
Email: watchdog@mswg.org.my
Website: www.mswg.org.my

Office Hours

Monday to Friday: 9:00am to 5:30pm
Saturday, Sunday, and Public Holidays: Closed

If you have questions or comments about MSWG and any of the work that we do, please feel free to send us an email by filling in the form below.

If you would like to speak to someone immediately then please call our office at 603 2070 9090.

Posted by cgtan2020 > 2014-01-09 11:27 | Report Abuse

http://www.mswg.org.my/page.php?pid=82&menu=sub

weblink to sent enquiry to MSWG.

Posted by HC Lee > 2014-01-09 11:38 | Report Abuse

Perak govt cronies are buying up the counter as they know they don't have any chance in the next election. BUY AS MUCH AS POSSIBLE AND KEEP....the price will reflect the value sooner or later. The people behind this counter have tested the market and have push down the price low during the last 6 months to frighten the minority to sell out. This is the time to buy !!

Posted by iafx > 2014-01-09 11:40 | Report Abuse

when only retailers r involve in the SCR but not major holders, u knew what game is this already :D

Posted by HC Lee > 2014-01-09 11:41 | Report Abuse

cgtan...as long as they follow procedures, MSWG can't do much. Minority shareholders have to unite and try to frustrate the scr ourselves. Since the Perak govt cannot vote as interested parties, they will not have it easy getting 75%.

Posted by cgtan2020 > 2014-01-09 11:44 | Report Abuse

HC Lee, at least voice it out that SCR is not fair, the procedure need to be refine.

Posted by upsidedown119 > 2014-01-09 11:56 | Report Abuse

We must not let those rascals get away with daylight robbery! Bursa should also amend the takeover code to close the loop-hole i.e. takeover using capital reduction and a bogus issue of new shares to bypass the 30% that will trigger a mandatory take-over offer; not to mention that the take over via mandatory offer should be at least 10% above the NTA per share!

Posted by Tang Michael > 2014-01-09 12:09 | Report Abuse

Why all the huha over prk corp...? Buy at 3.62 and wait for the game to roll to the final price of 5.10.......just like keck seng and datasonic......it is worth waiting.....look at integrax and maju perak.....?

Posted by upsidedown119 > 2014-01-09 12:33 | Report Abuse

Based on present SCR, no way for the game to roll to RM5.10! It will roll only to RM3.9. That's why the HuHa.

Posted by upsidedown119 > 2014-01-09 15:47 | Report Abuse

25% of the shares is only 25 million shares. The daylight robbers have only 52.9 million shares. The fight is for another 22.1 million shares to win at the AGM/EGM. Correct me if I am wrong: I don't think the recent run-up from RM2.7 to RM3.62, including the last week, have reached more than 20 million shares volume in total.

Retailers must hold at least 25,000,001 shares to deny the daylight robbers. So buy and hold. Their miscalculation is to hold the price at RM3.63/4, giving retailers incentives to buy without too much risks. Even if they withdraw their offer, RM3.63/4 is still a good price to hold, given the hidden assets!

Retailers must unite, for if divided, they will win.

Posted by lwalk > 2014-01-09 15:51 | Report Abuse

3 months holding period is still a very good bet

Posted by HC Lee > 2014-01-09 16:07 | Report Abuse

The best thing to do now is to buy and average down if the price were to drop further. With the 3.9 guarantee price, the sharks will not be able to do much. Let see if they still want to intimidate other shareholders with their big queue. If i got sufficient funds, i will just wallop as much as i can at this price...put into margin and get earn a very reasonable return.

Posted by upsidedown119 > 2014-01-09 16:11 | Report Abuse

Therefore buy and HOLD!

Posted by upsidedown119 > 2014-01-09 16:32 | Report Abuse

Is there a 'YNH' among us retailers? This will help to pull in the sharks and let the retailers feast on both braised sharks' heads and shark fin soap, not the mention curry shark-meat with brinjals and lady fingers!

Posted by JKing > 2014-01-09 17:30 | Report Abuse

to correct all the 25% calculation is base on the non exemption SCR parties, which mean the remaining 47% minority shareholder. 47% of the 25% vote against the deal will stop the SCR of which is 11.8% or 11.8mil share base on 100mil paid up capital. another good eg is MISC, where the price now is higher than the offer price by petronas.

Posted by JKing > 2014-01-09 17:31 | Report Abuse

the different is MISC is hold by fund manager who under the value of the comapny but prkcorp shareholder are retail investor, sorry prkcorp sharehold to mention that we are not fully educated with knowledge :)

Posted by JKing > 2014-01-09 17:31 | Report Abuse

http://www.theedgemalaysia.com/business-news/270763-highlight-drb-to-be-biggest-beneficiary-of-new-nap.html, new of new NAP is on the dege today.

Posted by HC Lee > 2014-01-09 17:41 | Report Abuse

Yep..they think they can bully the retail shareholders. Jking is right..25% of the 47% will be able to stop the scr. Even we don't have YNH, if all minority shareholders group together, it will be formidable.

Posted by upsidedown119 > 2014-01-09 18:35 | Report Abuse

Why don't we group together then? Nothing to lose, shark's feast to gain!

Posted by cgtan2020 > 2014-01-09 21:26 | Report Abuse

we need 11,750,000 shares. Anyone want to lead this? Form a facebook private group and count the shares to see the chances...

Posted by upsidedown119 > 2014-01-09 22:29 | Report Abuse

JKing can lead since he is the richest and most informed of us all.

Posted by cgtan2020 > 2014-01-09 22:42 | Report Abuse

OK!

Posted by HC Lee > 2014-01-09 23:51 | Report Abuse

I have already given my details to Jking...hope all forumers can do the same...Unity is strength.

Posted by yipman > 2014-01-10 00:02 | Report Abuse

Maybe YNH boss can do the same to this as he has done to HLCAP

Posted by JKing > 2014-01-10 00:12 | Report Abuse

I had create an email for this purpose at prkcorpminoritygroup@gmail.com

Posted by tjhldg > 2014-01-10 00:49 | Report Abuse

average 3.68

Posted by sudahkena > 2014-01-10 07:59 | Report Abuse

Sime darby property .... 6mil shares....

Posted by uang > 2014-01-10 08:12 | Report Abuse

Jking, what info you need?

Posted by nightshade > 2014-01-10 08:14 | Report Abuse

Posted by yipman > Jan 10, 2014 12:02 AM | Report Abuse

Maybe YNH boss can do the same to this as he has done to HLCAP

what make you think he will do the same here?

Posted by JKing > 2014-01-10 09:17 | Report Abuse

if you are supporting to vote against the scr for a better offer price, please send your name and shareholding to prkcorpminoritygroup@gmail.com, you will be updated with the scr deal accordingly via to your personel email.

Posted by HC Lee > 2014-01-10 09:23 | Report Abuse

Good idea..just let us get the ball rolling and move from there. These sharks think they can intimidate minorities with their threat to delist. Let's us all play poker with them.

Posted by HC Lee > 2014-01-10 09:31 | Report Abuse

Let's get our funds ready and buy up the shares ourselves. There is still time available as the exercise will take at least 2-3 months. These sharks are using 100% of Prkcorp money to fund their aquisition of the company to themselves. Isn't this pure robbery???

Posted by cgtan2020 > 2014-01-10 09:34 | Report Abuse

sent!

Posted by sudahkena > 2014-01-10 09:55 | Report Abuse

Let establish group.. ask higher price

Posted by HC Lee > 2014-01-10 10:31 | Report Abuse

sent!

Posted by HC Lee > 2014-01-10 11:02 | Report Abuse

Roadblock forming...usual strategy of syndicate players.

Posted by JKing > 2014-01-10 14:30 | Report Abuse

thank those who has sent the email to me. details will be update to you via your personel email on a weekly basis.

Posted by upsidedown119 > 2014-01-10 14:45 | Report Abuse

Add as and when more funds available. Let's thwart the daylight robbers!

Posted by sudahkena > 2014-01-10 14:46 | Report Abuse

Jking... u tulis surat.. ask for higher price.. normally they will respond .. we lantik u sbg wakil...