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 Bursa Traders Thread V2, waaa! V2 d !

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yhtan
post Nov 14 2013, 03:29 PM

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From: lolyat
QUOTE(gark @ Nov 14 2013, 03:19 PM)
I calculated 30% lar... 1/2 year ok wat.. rather than money put in FD.  tongue.gif

off course there is the risk that the deal is off 1... wink.gif
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If they keep all/partial of the cash, the value will stuck there

If they intend to delist and liquidate it, then u will laughing to the bank brows.gif
The stock broking firm is getting tiny margin and not much of profit, this industry is consolidating and the big guy going to survive for sure
gark
post Nov 14 2013, 03:37 PM

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QUOTE(yhtan @ Nov 14 2013, 03:29 PM)
If they keep all/partial of the cash, the value will stuck there

If they intend to delist and liquidate it, then u will laughing to the bank brows.gif
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Well thats the risk.. but looking at how things are going i believe they are looking to liquidate. They are selling lock stock and barrel including their Cambodian bank.

Even their office tower also sold already.. want to do what business some more? wink.gif

This post has been edited by gark: Nov 14 2013, 03:38 PM
yhtan
post Nov 14 2013, 03:39 PM

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From: lolyat
QUOTE(gark @ Nov 14 2013, 03:37 PM)
Well thats the risk.. but looking at how things are going i believe they are looking to liquidate. They are selling lock stock and barrel including their Cambodian bank.

Even their office tower also sold already.. want to do what business some more?  wink.gif
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Who is the major shareholder? DBS Bank and Hwang family?
gark
post Nov 14 2013, 03:41 PM

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QUOTE(yhtan @ Nov 14 2013, 03:39 PM)
Who is the major shareholder? DBS Bank and Hwang family?
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Ya.. 27% DBS Vickers (Malaysia) and 27% via Hwang family... interestingly DBS Vickers (malaysia) is currently under liquidation... hmm.gif

The founder Tan Sri just pass away recently...i think the kids wanna split inheritance. drool.gif laugh.gif

This post has been edited by gark: Nov 14 2013, 03:42 PM
yhtan
post Nov 14 2013, 03:43 PM

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From: lolyat
QUOTE(gark @ Nov 14 2013, 03:41 PM)
Ya.. 27% DBS Vickers (Malaysia) and 27% via Hwang family... interestingly DBS Vickers (malaysia) is under liquidation...  hmm.gif

The founder tan sri just pass away recently...i think the kids wanna split inheritance.  laugh.gif
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I know his children also not interested in this business too, thank u for the guidance icon_rolleyes.gif
TSkueyteowlou
post Nov 14 2013, 04:53 PM

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carry some ekowood overnight..

hope i can sleep tight tonight.. lol
aylwyn paul
post Nov 14 2013, 04:55 PM

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knm , bpuri, supermax
aylwyn paul
post Nov 14 2013, 05:07 PM

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next week knm, dgsb, supermax, bpuri, dsonic, umwog
felixmask
post Nov 14 2013, 06:36 PM

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QUOTE(gark @ Nov 14 2013, 02:37 PM)
Cause this counter need lots of patience one ...

6688 is potentially going to dispose off all asset, do capital repayment and delist estimated 1H2014. Maybe because the founder Tan sri has recently passed away and all the kids wants their share.  brows.gif

So far...

1. Agree to sell the investment bank and fund management to Affin - price not announced yet, expect 1.3x book value so RM 1,270 million
2. Recently sold off Cambodia bank to Phillips capital - USD 40 mil or RM 128 mil - deal done
3. Sold off their office tower to Putrajaya holdings for RM 82.5 mil - deal done
4. Now the only business left is the money lending business, expect RM 200 mil if they dispose off

Total 1270+128+82.5+200 = 1680.5 mil

Divide by total share outstanding potentially will be RM 5.6 -6.2 / share... but if the deal with Affin tak jadi then jialat.  wink.gif

» Click to show Spoiler - click again to hide... «

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How long the process the deal close ? 1H2014 deal close can get the money or need to wait after 1H2014
gark
post Nov 14 2013, 06:41 PM

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QUOTE(felixmask @ Nov 14 2013, 06:36 PM)
How long the process the deal close ? 1H2014 deal close can get the money or need to wait after 1H2014
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Deal with Affin is expected to complete by end 2013...

For the liquidation, capital repayment, special dividend etc etc...

I estimate best case 4 months worst case 8 months (or more)... whistling.gif

There is a chance that the cash CAN BE STUCK inside the company if the main shareholder choose not to distribute all...but i see it not so likely...

This post has been edited by gark: Nov 14 2013, 06:46 PM
Boon3
post Nov 14 2013, 07:58 PM

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Read until all my saliva also come shooting out.... drool.gif drool.gif drool.gif
gark
post Nov 14 2013, 08:00 PM

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QUOTE(Boon3 @ Nov 14 2013, 07:58 PM)
Read until all my saliva also come shooting out....  drool.gif  drool.gif  drool.gif
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You must be reading playboy magazine eh.. brows.gif brows.gif brows.gif
Boon3
post Nov 14 2013, 08:13 PM

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QUOTE(gark @ Nov 14 2013, 08:00 PM)
You must be reading playboy magazine eh..  brows.gif  brows.gif  brows.gif
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rolleyes.gif

» Click to show Spoiler - click again to hide... «
Boon3
post Nov 14 2013, 08:20 PM

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gark

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felixmask
post Nov 14 2013, 09:13 PM

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QUOTE(gark @ Nov 14 2013, 06:41 PM)
Deal with Affin is expected to complete by end 2013...

For the liquidation, capital repayment, special dividend etc etc...

I estimate best case 4 months worst case 8 months (or more)...  whistling.gif

There is a chance that the cash CAN BE STUCK inside the company if the main shareholder choose not to distribute all...but i see it not so likely...
*
thank the infor;..now busy reading HDBS AR 2013

This post has been edited by felixmask: Nov 14 2013, 09:19 PM
gark
post Nov 14 2013, 11:09 PM

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QUOTE(Boon3 @ Nov 14 2013, 08:20 PM)
gark

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Got meh..... no lar..... gp not my style... tongue.gif
gark
post Nov 14 2013, 11:11 PM

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QUOTE(felixmask @ Nov 14 2013, 09:13 PM)
thank the infor;..now busy reading HDBS AR 2013
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The chairman statement in the AR sounds very apparently they want to get out of the business eh? brows.gif
CP88
post Nov 14 2013, 11:31 PM

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QUOTE(Boon3 @ Nov 14 2013, 02:26 PM)
Bloooooody hell... why? why? why?

Beat less today ah?

why not suitable for me...  cry.gif  cry.gif  cry.gif

» Click to show Spoiler - click again to hide... «

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QUOTE(Boon3 @ Nov 13 2013, 09:52 PM)
I will print what I post and then throw a dart at it. tongue.gif
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I thought u throw dart at it 1. If no bulls eyes skip! tongue.gif
Boon3
post Nov 15 2013, 06:25 AM

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QUOTE(CP88 @ Nov 14 2013, 11:31 PM)
I thought u throw dart at it 1. If no bulls eyes skip!  tongue.gif
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tongue.gif
rclxs0.gif
TSkueyteowlou
post Nov 15 2013, 07:28 AM

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Any story about this company?

why it move so fast and down?

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