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 STOCK MARKET DISCUSSION V124, Seems like no one want this 124...

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gark
post Aug 7 2012, 10:14 AM

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QUOTE(StupidGuyPlayComp @ Aug 7 2012, 09:46 AM)
smile.gif yup, change share is not likely.............no meaning to doing such since kfima already hold high portion of fimacor.

privatization is more logically if it feel undervalue for fimacor.............but i dun think they can do it, kfima has not enough cash to take over, unless they borrow money

hmm.gif The boss only thinking method to release the company potential, did not mention any method yet.
merge or privatize only the assumption from IB

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Kfima has been saving cash to buy over Fimacor for some time already, and they have the financial power to do it. Anyway the controlling shareholder is all at Kfima... so they will not do share swap and end up losing value.

Net cash of Kfima = 270 million
Net cash of Fimacor = 216 million

Market cap of Fimacor (at RM 6.50) = RM 536 million
Shares own by Basir Family through Kfima = 60.82%

So all they have to do is GO for the remaining 40% and pay 214.4 million in cash and get back 216 million net cash (owned by Fimacor). Good deal or not? thumbup.gif rclxms.gif thumbup.gif rclxms.gif

Even pay RM 7 per share which is above market value also worth it... it's like getting the company for free. The possible privatization is reported in oriental news today.

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This post has been edited by gark: Aug 7 2012, 10:20 AM
gark
post Aug 7 2012, 10:31 AM

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QUOTE(Boon3 @ Aug 7 2012, 10:22 AM)
laugh.gif  Lucky, Gark, the corporate raider is here. He can explain it much better. Traders like me, cannot explain too clearly. smile.gif
This GO opportunity for Kfima has been around for so long already. Last I looked at it was way back in 2007. Till this very day. I still don't know what Kfima is waiting for. tongue.gif
If this would to happen, my guess is a GO at 6.80.  tongue.gif
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Looks like going to happen soon, the CEO is reported to say he is unlocking shareholder value and he is related to the controlling Basir family, so I am sure he will unlock for Kfima rather than Fimacor. wink.gif. Read the news at oriental daily today.
gark
post Aug 7 2012, 10:48 AM

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QUOTE(StupidGuyPlayComp @ Aug 7 2012, 10:30 AM)
hmm.gif is that the 270m all belong to kfima? I think this money is part of 216m hold by fimacor, kfima unable retrieve it before privatization.
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As far as i know the cash all belong to Kfima, as the holding is through Fima Metal Box and not direct, which is accounted under investment in subsidiaries (book value). Any accountant care to clarify? laugh.gif
gark
post Aug 9 2012, 05:48 PM

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QUOTE(kueyteowlou @ Aug 9 2012, 03:17 PM)
Pos distributing their shares now... create news to distribute..

KUALA LUMPUR: Pos Malaysia Bhd is looking for more acquisitions to grow the business.

Its group chief executive officer Datuk Khalid Abdol Rahman said on Thursday the company was negotiating to acquire a Middle east based courier company.

DRB-Hicom completed the acquisition of a 32.21% stake in Pos Malaysia from Khazanah Nasional Bhd for about RM622.8 million in July last year.
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All talk only... anyway today EGM will announce the approval of the 17.5 cent divvy... rclxms.gif
gark
post Aug 13 2012, 10:05 AM

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Anybody went and visit the new mall - Paradigm at PJ? Good potential? laugh.gif
gark
post Aug 13 2012, 10:09 AM

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QUOTE(Icehart @ Aug 13 2012, 10:07 AM)
I don't like the new shopping mall to be honest. My first and will be my last.
They need to fix the smell at the basement parking first. The whole basement macam visit Indah Water  laugh.gif
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Hmm.. must pay a visit when I am back for holidays... must be the sewage control overflowing. hmm.gif This kind of basement smell is very common in malls. smile.gif

Any other things you don;t like about it?

This post has been edited by gark: Aug 13 2012, 10:10 AM
gark
post Aug 13 2012, 10:20 AM

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QUOTE(Icehart @ Aug 13 2012, 10:10 AM)
I reckon it must be the land previously used for mining?  hmm.gif
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Mining and garbage land for Paradigm mall?.. but it is next to LDP and in front of housing, apartment & flats.. cannot be qua...? laugh.gif

Added on August 13, 2012, 10:22 am
QUOTE(yhtan @ Aug 13 2012, 10:11 AM)
heard many negative issue with that mall, lift problem, car park and air-cond collapsed sweat.gif
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So bad ah?.. must really take time and go see liao... sweat.gif

This post has been edited by gark: Aug 13 2012, 10:22 AM
gark
post Aug 13 2012, 10:42 AM

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QUOTE(SKY 1809 @ Aug 13 2012, 10:33 AM)
I bought a low cost stock generates electricity /Energy from garage,  with 15 years contracts to sell the power generated. laugh.gif

another 100% potential.  yawn.gif
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*y*a*k.... laugh.gif I also got.
gark
post Aug 13 2012, 03:48 PM

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POS going crazy today... smile.gif
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