Thursday, February 28, 2013

Keep Laughing To The Bank - Part 2 ^^



1. MPHB - Sold some at RM3.42. ^^ 5sen profit.

2. ARREIT - Sold all at 0.94. No more on hand. ^^ Nevertheless, still think it can go higher like 0.945. Let other earn instead. ^^
 
3. IGBREIT - Sold all at RM1.38. Bought back even more at RM1.36.^^ 2sen profit.
 
4. IGB - Bought in 2 batches today. 1st batch at RM2.26, 2nd batch at RM2.25. ^^ Hope dividend is good. ^^ Keep fingers cross. :)
 
5. CARLSBG - Steady at RM12.90 ^^
 
6. GAB - Chalk up 22sen to close at RM16.72. ^^ I wonder will Carlsbg follow the rhythm ? Eventually leap the price to be at par like GAB in 16 - 17 range ? ^^ Since they both alike.
 
7. KHSB - What's wrong with this ? Deal off ?
 
8. Watch List - MPHB, IGB, IGBREIT, CARLSBG, KHSB, MAS, TMS, ACOSTEC, MKLAND
 
9. Good Luck !!!

60 comments:

hng said...

Yah! KHSB accept offer 76sen

hng said...

Please refer to the announcement make by KUMPULAN PERANGSANG SELANGOR BERHAD (“KPSB” or the “COMPANY”), which is immediate holding company of kumpulan Hartatanh Selangor (KHSB).

Reference is made to the announcement dated 14 February 2013 in respect of the receipt by the Company of an offer letter dated 14 February 2013 from its holding company, KDEB to acquire 254,562,576 ordinary shares of RM1.00 each in KHSB, representing 56.57% of the issued and paid-up share capital of KHSB, held by KPSB for a purchase consideration of RM193,467,557.76 or RM0.76 per share which is to be satisfied in cash (“Offer”).

On behalf of the Board of Directors of KPSB (“Board”), AFFIN Investment Bank Berhad wishes to announce that the Board had deliberated on the terms of the Offer and has decided to accept the same subject to KPSB and KDEB entering into a definitive share purchase agreement. The details of the terms and conditions of the share purchase agreement will be announced once the same has been executed between the transacting parties in due course.

This announcement is dated 28 February 2013.

Teng said...

Hng-Any reason why KSHB share tumble today if KSHB accept offer at 76 cents from offerer?


Uchi declare 7 cents dividend as expected

hng said...

Teng

Its just rumor that deal will call off in the afternoon, as today is last for them to reply the offer.

The news finally release after5 pm, confirming acceptance offer at 76sen. Tomorrow, sure people rushing back to grab KHSB again

Teng said...
This comment has been removed by the author.
Teng said...

HapSeng declared 6 cent TE dividend

hng said...

IGB declare 2x more higher dividend from 2.5 sen to 7.5sen final dividend

horse said...

hng,

COngratz on your KHSB. Finally, the news seal it up. I was thought the deal call-off since the share price plunge. So dare not touch on this.Some uncrupuluos just to shake off by selling down some and buying back big i guess.

Good one mate. ^^ Tomorrow HUAT AR....

horse said...

MPHB 5sen dividend.

horse said...

hng,

I read the news, KDEB offers 76sen for 56% of the issued. In that case, KDEB needs to offer the reamining shares not owned by them. Wondering can the offer price be different....!?

hng said...

horse

KDEB offer to acquire kumpulan Hartatanah 56.57% Selangor hold by kumpulan Peransang at 76sen. If KPSB accept the offer, and incaardof to take over code, the offer will become unconditional take-over offer to acquire all the remaining Shares in KHSB not already owned

Please refer to the original offer posted at 14 as below:


The Board of Directors of Kumpulan Hartanah Selangor Berhad (“KHSB”) wishes to announce that KHSB had on, 14 February 2013, received notification from their penultimate holding company, Kumpulan Darul Ehsan Berhad (“KDEB”) that KDEB had, vide their offer letter dated 14 February 2013 (“Offer Letter”), made an offer to our immediate holding company, Kumpulan Perangsang Selangor Berhad (“KPSB”) to acquire 254,562,576 ordinary shares of RM1.00 each (the “Shares”) in KHSB (which represents 56.57% equity interest therein) from KPSB for a purchase consideration of RM193,467,557.76 or RM0.76 per share which is to be satisfied in cash (“Proposed Acquisition”).
In the event that KPSB decides to accept KDEB’s offer to acquire its 254,562,576 Shares in KHSB, KPSB is required to reply to the Offer Letter no later than 10 business days from the date of the Offer Letter.

Pursuant to the Malaysian Code on Take-overs and Mergers, 2010 (“Code”), KDEB would be required to make an unconditional take-over offer to acquire all the remaining Shares in KHSB not already owned by KDEB and all the new Shares that may be issued prior to the closing of the Offer arising from the exercise of outstanding options granted pursuant to KHSB’s Employees’ Share Option Scheme for a cash offer price of RM0.76 per Offer Share (“Offer”).

hng said...

Pursuant to the Malaysian Code on Take-overs and Mergers, 2010 (“Code”), KDEB would be required to make an unconditional take-over offer to acquire all the remaining Shares in KHSB not already owned by KDEB and all the new Shares that may be issued prior to the closing of the Offer arising from the exercise of outstanding options granted pursuant to KHSB’s Employees’ Share Option Scheme for a cash offer price of RM0.76 per Offer Share (“Offer”).

hng said...

Published: Thursday February 28, 2013 MYT 6:48:00 PM

KHSB falls sharply below takeover price of 76 sen

KUALA LUMPUR: Shares of Kumpulan Hartanah Selangor Bhd (KHSB) fell sharply below the takeover price of 76 sen made by Kumpulan Darul Ehsan Bhd (KDEB) on Feb 14.

At the close, it was down 13 sen to 53 sen. It was actively traded with 33.45 million shares done.

When compared with the offer price of 76 sen, the share price is down 30.2%.

The FBM KLCI was up 13.49 points or 0.83% to 1,637.63. Turnover improved to 1.01 billion shares valued at RM1.97bil. There were 394 gainers, 283 losers and 300 stocks unchanged

To recap, KDEB had on Feb 14 launched a takeover for a 56.57% stake in KHS for RM193.46mil or 76 sen a share.

KHSB had then said KDEB, its penultimate holding company, made the offer to its immediate holding company Kumpulan Perangsang Selangor Bhd (KPSB), to acquire the shares.

After market close on Thursday, KPSB said the board had deliberated on the terms of the Offer and has decided to accept the offer, subject to KPSB and KDEB entering into a definitive share purchase agreement.

"The details of the terms and conditions of the share purchase agreement will be announced once the same has been executed between the transacting parties in due course," it said.

horse said...

It's a positive response with immediate term no matter how you look at it. I believe KHSB shares price will be traded positively tomorrow. Good Luck to those that holding this. ^^

Teng said...

Only scenario KHSB will not trade near 76 cents is KPSB withdraw offer to buy remaining shares from other shareholder.

horse said...

Teng,

Did you make money from HAPSENG-CC ?

Teng said...

Horse

No,lost back earlier gains from Hapseng CW

Bought 200,000 share at 0.5 sens.But settlement 0.29 sens. Thought I got good chance to make money,but no luck. Hapseng is only counter price being pushed down last 2 days of price calculation. BJtoto and Maybank stable

horse said...

hng,

Congratz on yr KHSB ?

horse said...

Just sold all my IGB at RM2.33. ^^

hng said...

Sold off all IGB at 2.33, realize paper gain

hng said...

Bought more KHSB at 63.5-64sen

horse said...

Teng,

Nevermind, market always there. Spot another CW next round. ^^

hng said...

Sold off <MAS at 73.5sen, realize contra gain

Teng said...

Hng/Horse

Congratz on IGB.I am too greedy,queue at 2.35

Teng said...

Sold Uchi at 1.19. This batch bought at 1.17 last month

Teng said...

Public Invest Research has buy call on MKland,TP 80 cents based on 50% discount of RNAVRM1.56. gearing only 0.04 and MK stikk has 179 acres of land in Damansara Perdana

hng said...

KHSB now should trade closer to its offer price

Teng said...

Hng

Normally share price trade at 3-5% discount to offer price. In this case,KHSB should trade at 72 cents level

horse said...

I will skip KHSB.
I want to queue at 62sen but opening already 65.
Good Luck to you hng. ^^

hng said...

I think gradually KHSB will trade to at least no more 10% discount to offer price, about 68.5sen. The discount should be narrow once sign the S&P agreement.

hng said...

Due yesterday selloff, KHSB is under profit taking pressure

ck5354 said...

if i keep my khsb i will fatt tat liao.

Ha ha ha

horse said...

MKLAND look like got buying support

hng said...

ck5354

Yesterday was a real panic selling, news spread that deal may call off, i believe it could be due to someone intention to push down the prices to lower then bought at even lower price.

I think it also make sense in TMS case, director exercise 10sen ESOS but sold off to push down share price aggressively, create share overhang and extraordinary liquidity. Later, TMS may slow accumulate at lower price

ck5354 said...

Hng,

kamsia for your advice.

You have a good sense of financial.

hng said...

ck5354

As i previously highlight here its really no make sense to TMS share slump to this level.

TMS has cash 28m based on Q4 result (net cash 5.6sen/share), and with TMS 30% (140m share) ESOS exercise at 10sen, TMS cash hoard will raise to 42m. The enlarge share volume now is 790m with these additional ESOS 140m and 144m for Viewnet acquisition; net cash per share for TMS now is at 5.3sen/share.

Lets imagie, TMS current market capital is at 790m share x 6sen = RM47.4m only. If wan to privatize TMS, investor just need total net cash of RM5.4m only.

The new acquisition, viewnet will start contribute profit guarantee of 7.5m pa, these ensure profitability of TMS starting these year onwards. the 7.5 net profit implying 0.95sen EPS based on enlarge TMS share volume, give rise to PE of 6.3x.

If someone privatize TMS at 6sen level, with net capital outlay of just 5.4m (cost 47.7m - net cash in TMS 42m), it will realize 130% profit in just one year

ck5354 said...

still keeping my tms average 0.083,

have faith in your analysis.

horse said...

Sold all acostec at 0.635. ^^

hng said...

Bought ultramax KHSB at 64.5sen

horse said...

Can see that KHSB under selling pressure eventhough price shot up. Most likely are those gotten cheap price yesterday dispossing. May be will go higher once this is done.

horse said...

IGB no strength. :( Lucky sold this morning.

Chocoanut said...

Wonder how much will IGB drop after ex-date. Mine is stuck.

hng said...

Sold CYpark at 1.55; Acostech at 63.5sen

hng said...

horse

EPF keep selling IGB share, limit it upside potential

hng said...

Profit taking on KHSB also limit its upside, but once it firm up agreement, share will trade much closer to offer price 76sen

hng said...

Sold off remaining CYpark at 1.57

horse said...

Agreed. Need to firm up agreement else anytime can change again.

horse said...

CYPARK expecting 5sen dividend. ^^

Watch this closely.

hng said...

KHSB 17% potential gain is too attractive

hng said...

CYpark yesterday already proposed 4sen dividend

horse said...

Sorry, i mean 4sen. Typo error.

horse said...

We refer to the announcements dated 14 February 2013 and 28 February 2013.
The Company wishes to announce that YM Raja Idris Raja Kamarudin, a Director of KHSB, has informed us that he has been notified by Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") today, 1 March 2013 that Citigroup has dealt in his KHSB's Shares.

Sold small 5000units at 66sen.

Teng said...

KSHB at its day low

Gark said...

Bought some Hap Seng at 1.60, ex 6 c divvy

horse said...

Yesterday, KHSB about 35m traded, i think now more or less hitting same volume. Should be all done. Will it go up from here ?

horse said...

TMS start selling again... :(

Teng said...

About 10Mil TMS tranx at 5.5 cents in 10 mins

Teng said...

Sold Acoustec between 63.5-64 cents

hng said...

Sold off remaining Acostech at 64sen

hng said...

Sold off remaining Acostech at 64sen

Related Posts with Thumbnails