Saturday, June 29, 2013

Day Trades : Again IGBREIT ^^


1. IGBREIT - Bought at RM1.32, sold at RM1.33. ^^ 1sen profit. ^^ Profit will be pile up by doing this repeatedly...
 
2. PUNCAK - Sold some at 1.94 and 1.96. ^^ Keeping some for higher gain. With the free warrant announcement 1:10 ratio, hope this will drive the price up. ^^
 
6807 PUNCAK PUNCAK NIAGA HOLDINGS BHD
Issuance of 1 Warrant : 10 Shares
Entitlement Details:
Issuance of up to 40,910,609 free warrants in Puncak Niaga Holdings Berhad

("PNHB") ("Warrants") on the basis of one (1) Warrant for every ten (10)

existing ordinary shares of RM1.00 each in PNHB held by the entitled

shareholders of PNHB
Entitlement Type: Others
Entitlement Date and Time: 15/07/2013 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 11/07/2013
 
3. Watch List - KPS, KHSB, PUNCAK
 
5843 KPS KUMPULAN PERANGSANG SELANGOR
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
KUMPULAN PERANGSANG SELANGOR BERHAD (KPSB OR THE COMPANY)

PROPOSED DISPOSAL OF 254,562,576 ORDINARY SHARES OF RM1.00 EACH IN KUMPULAN

HARTANAH SELANGOR BERHAD (KHSB) (SALE SHARE(S)), REPRESENTING APPROXIMATELY

56.57% EQUITY INTEREST THEREIN TO KUMPULAN DARUL EHSAN BERHAD (KDEB) FOR A CASH

CONSIDERATION OF RM212,814,313.54 OR RM0.836 PER SALE SHARE (PROPOSED DISPOSAL)
 
4. Good Luck. ^^

58 comments:

hng said...

雪州集團全購雪州產業
2013-06-29 11:21

(吉隆坡28日訊)雪州集團提高向雪州柏朗桑(KPS,5843,主板貿服組)全面獻購雪州產業(KHSB,6246,主板產業組)股權價格從每股76仙至83.6仙,相等於總值2億1千281萬4千314令吉,並將派發每股26.67仙特別股息予股東。

雪州柏朗桑發文告表示,獨立估值師WTW產業顧問公司根據截至2012年12月31日止財政年市值進行評估,發現公司股票價值達到每股1令吉47仙,為其重估淨資產值(RNAV)折價43.13%,因此在考量相關因素後,董事部去函雪州集團要求對股票脫售計劃進行修正,並獲得後者同意。

不過,雖然全購價比RNAV折價43.13%,但仍較每股68仙淨資產值溢價22.94%,甚至比5日、1個月、3個月、6個月和1年成交量加權平均市價溢價49.29%至125.95%。

基於全購價獲得上調,雪州柏朗桑也將對脫售所得資金用途進行修改,其中1千805萬9千令吉將用作償還貸款、3千833萬1千令吉營運資本、5千611萬6千令吉作為新投資,其餘9千920萬8千令吉,或相等於每股26.67仙將用作派發特別股息。

雪州柏朗桑是在今年2月中接獲雪州集團的獻議書,以收購手中雪州產業的56.57%股權,交易總值達1億9千346萬7千558令吉,每股為76仙。(星洲日報/財經)

hng said...

KHSB contribute not only nothing to KPS earning, but because of its loss and liability, it have burden KPS balance sheet.

On paper, KPS will get RM 212m for disposal of its stake in KHSB, but in actual KPS will recording more than that

1. The actual a gain in accounting from disposal is RM 335.7m due to write back of past provision on KHSB.

2. KDEB will fully settle inter company balance due and owing by the KHSB totally about RM 36.2m

3. KPS will need to provide any corporate guarantees and indemnities to financial institution in respect of borrowing granted to KHSB, amounting to RM 99m

4. KPS will not need to record the material contingent liability of KHSB amounting to RM 405m.

In total, once the disposal is complete, KPS balance sheet will have significant improvement, and will reflect in its NTA to be increase from current RM2.43 to almost RM3. If without declare special dividend, it will also due for re-rating

Titus said...


Hi,

How much does the free warrant worth?

Thanks.

hng said...

KPS other pending for sale aside KHSB

1. 90.83% stake in Titisan Modal which hold 100% stake in Konsortium ABASS

2. 30% stake in SPLASH

Both pending Selangor water restructuring outcome. If the deal can be seal by end of these year, offer take over price from KDEB worth RM 1.6b will turning KPS into net cash and likely another round of special dividend.

3. 20% stake in Spirit highway (SISTEM PENYURAIAN TRAFIK KL BARAT HOLDINGS SDN BHD)

4. KPS through 99.98% stake in Cash Band is in the midst to buyback its Golf membership from its member and turning these Golf into Eco theme property development to be develop by JV between SP setia, in which KPS will entitle 13% return from total GDV or minimum of RM 200m

horse said...

hng,

Thanks for the informative information about KPS.

KPS in my radar list. If it not surge high come Monday, think can buy in some. ^^ Hope to reap handsome profit on this.

hng said...

Sold Puncak at 1.92, swap to buy KPS at 1.43

cheeheng said...

Kps Gooooooooooo
Puncak Go..Go...Goooooo!

horse said...

Bought kps 1.43 & 1.46. Sold all at 1.47. ^^

hng said...

horse

KPS still have upside potential, just hold a wait till special dividend of 26.6sen is declared. In the meantime, still can enjoy its final dividend of 2sen, ex in middle of July :)

hng said...

horse

KSP will likely challenging its next resistance level at RM1.60

alwayswin111 said...

Hng, Horse, and all
congrats on KPS and Puncak,..... on the money making train again....

hng said...

alwaywin1111

lucky, i swap all Puncak to concentrate all on KPS these morning, enjoying much more upside

alwayswin111 said...

Hng
Excellent decision... Comes with experience though..

hng said...

Today ass another new stock, Chuan Huat, bought at 47.5sen. Chuan is due to declare 2.5sen dividend by these week, give rise to yield of more than 5%

Teng said...

Hng

Singapore GIC started to buy back Parkson(as announced by Bursa)

Are you relooking Parkson again?

horse said...

Congratz hng.
Too bad i sold kps. :( will try buy back.
I will not post my trades today. Will try to post together with tomorrow's trades.
Good luck to all make money today.

horse said...

Congratz hng.
Too bad i sold kps. :( will try buy back.
I will not post my trades today. Will try to post together with tomorrow's trades.
Good luck to all make money today.

cheeheng said...

Congrats hng

horse said...

I queue to buy KPS. Hope to get back.

Teng said...

I can't sell/buy with Mplus.Also,order status show 0.( I have buy/sell queue this morning)Call their CS and they say maybe my internet problem.

But now Maybank Online is ok.

cheeheng said...

Teng
Mplus server is down.Can't buy/sell anything(damn!).At 12.30 pm Mplus is still dOWN :(

ck5354 said...

Teng,

can go in mplus liao.

I screw them kau kau for u.

horse said...

Wow ck,
that is the way to boost up their service. ^^ or else they will lose their customer to others. ^^
Good work mate.

Teng said...

Hate when I was told there was no problem in their server,and asked me to check my internet connection

ck5354 said...

Hng worth to subscribe??

Sunway right?

5211 SUNWAY SUNWAY BERHAD
Rights Issue 1 : 3 Shares

Entitlement Details:
Renounceable rights issue of up to 568,702,201 new ordinary shares of RM1.00

each in Sunway Berhad (Sunway) (Rights Shares) at an issue price of RM1.70 on

the basis of one Rights Share for every three existing ordinary shares of

RM1.00 each in Sunway (Sunway Shares) held by shareholders of Sunway as at 5.00

p.m. on 15 July 2013 (Rights Issue)

Entitlement Type: Rights Issue
Entitlement Date and Time: 15/07/2013 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 11/07/2013

hng said...

ck5354

The right share is half of the current share price, sure worth of subscribe. However, the right share will immediately dilute Sunway earning, and share price will adjusted accordingly. It could have arbitrary opportunity once Sunway-OR is listed.

cheeheng said...

Perdana WA trading at 5.73% discount.Good deal or what?

Teng said...

Puncak hit 2 this morning.

Too bad I sold all at 1.95 this morning

Derick said...

Teng

So fast you sold dy.

hng said...

Both Puncak and KPS shows excellent volume, more gain is expected

hng said...

Selangor water-related stocks up

KUALA LUMPUR: Selangor water-related counters rose in active trade on Wednesday on news reports the Federal Government agreed to Selangor acquiring all four water concessionaires in the state.

At 9.12am, KHSB was up one sen to 79.5 sen and it was the most active with 2.90 million shares done. KPS rose nine sen to RM1.57 while Puncak Niaga gained 10 sen to RM2.01.

The FBM KLCI rose 0.7 of a point to 1,772.59. Turnover was 45.25 million shares done valued at RM53.99mil. Gainers beat losers 117 to 79 while 119 counters were unchanged.

The news reports stated Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim said he has received a letter from Prime Minister Datuk Seri Najib Abdul Razak agreeing to the deal.

"Selangor is all set to bring the supply of water under its control before the end of the year," Abdul Khalid was quoted saying.
While he did not disclose figures or terms of the agreement, the Pakatan government, since came into power in 2008, has been clamouring for water to come under the control of the state.

Teng said...

Derick

I queue last night and normally monitor before 9am Today I in front of PC 9.01am

Titus said...

Selangor government confirmed to get all the water deal sort out before end of this year. Puncak n kps will be the beneficial.

Derick said...

Teng
nevermind, buy in KPS.

hng said...

between 2, i think KPS is more safer and more upside than Puncak as at least KPS offer special dividend of 26.6sen first.

lg said...

Agree. managed to grab some KPS yest.

Teng said...

Selangorku website-1. Kerajaan Negeri menjangkakan bahawa rundingan pengurusan air dengan Kerajaan Persekutuan dapat diselesaikan dalam tempoh dua bulan lagi.

ck5354 said...

sold puncak at 2.05.

Kamsia Hng.

Still keeping KPS.

lg said...

ck,
good price. congrats!

ck5354 said...

Hng,

Need your opinion. Among sunway and sunway warrant(only 4% premium).

Which is better choice now?

Will people sell down sunway before right or push up???

I-®on said...

PUNCAK skyrocket....

karimaero said...

Hng,

Kamsia...manage to sell puncak at 2.19! wonderfulday for me....; )

Cheers

hng said...

Dear Cyberfriend

I proposed to hold Puncak and KPS as upside potential still remain and water restructuring is expect to progressing well.

Moreover, Puncak still can enjoy 5 sen dividend + free warrant; KPS enjoy 2 sen final dividend + 26.6sen special dividend. If want to take profit first, remember to buyback later on weakness, OK.

karimaero said...



Sold KPS at 1.70......should have awaited puncak a little more....

anyway still very good for me. Thanks again.

cheeheng said...

hng,

thanks for yr tips on Kps n Puncak.Sold Kps @1.49 :( but luckily still holding Puncak.

Derick said...

Hng
Thanks. I still holding both.

hng said...

If you all know the intrinsic value for Puncak and KPS after water is restructuring, today even limit up still consider value buy. Again don't wan to wait, can sell on strength first and buyback on weakness later

Eelyn Soon said...

hi all... any idea when will be the special div confirmation? its js a proposal for now right?

Derick said...

Ya. Plan to buy more KPS on weakness later.
Thanks

lg said...

Sold KPS 1.70 to lock in profit first .
Will pick up some again during weakness.
Thanks Hng & all.

horse said...

Sold my puncak at 1.99 & 2.03. Sold too early.

hng said...

Bought more Chua at 48sen, expect dividend of 2.5sen to be declare soon.

hng said...

If compared with KPS, Puncak will be less appealing as its upcoming warrant (conversion price RM 1.00) and convertible sukuk (conversion price RM 2.00) are all dilutive effect and serve as main purpose to benefit the most for major shareholder and UMMO cronies only

karimaero said...

Hng,

Need ur advise...I still have KHSB, should I wait or just sell? if wait how long would it usually take for it to be paid?

Thank you

hng said...

karimaero

My advice is sell KHSB and swap to KPS. Take over need at least 3 to 6 month for the whole episode to complete and the upside now cap to maximum 4-5sen. whereas KPS have at least entitle shareholder to special dividend of 26.6sen and more to come if water restructuring is complete by end of these year

lg said...

hng, chuan liquidity looks quite thin?

ck5354 said...

hng what is ur target price for KPS??

Teng said...

Horse

You did better than me. I sold all 1.95 today.Yesterday I bought more at 1.91,and want to sell 1.93.But lucky enough,Mplus system was down.

Today sold all remaining IGBreit at 1.34. Make 2 cents profit

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