PNE Industries

[sgpunter]

Fishy trades the last few days...hmm....could this be a sign of things to come. Akan datang...

Anyway I have low expectations. Just waiting for full year results to be out soon and hopefully a dividend. Anything more is a bonus.

[lkw175]

1000 shares married at $0.22 at 15:47. What is the meaning? Feeling puzzled about this trade...

[sgpunter]

I wouldn't look too much into it since its only one lot and one off. $220 can actually cause the counter to be up 48.6% lol.

[lkw175]

Every time I see trades like 1000 or 2000 shares done or married, I ask myself what is the logic or reason behind. Of cos no answer. Just to satisfy my own curiosity.

[BlueKelah]

Quite a few lots done at 1.50 too. No matter what, the result announcement is gonna be very positive as pcb berhad was sold off at good price.

If hummer has 30% and tans have 50%, delisting could be in the books and could be done easily.

Hummer gives tan 30 cents, tans buy up the additional 10%, then later delist with 90% , then take cash and give back to hummer. Win win for both, opmi loses again.

via tapatalk

[BlueKelah]

16:59:58 0.155 1 S
16:59:41 0.155 1 S
15:54:53 0.135 3 S
15:54:44 0.135 30 S
15:54:31 0.131 1 S
15:54:18 0.140 17 X
15:54:18 0.136 100 X
15:54:18 0.143 50 X
15:54:18 0.149 50 B
15:54:18 0.135 100 X
15:54:18 0.142 50 X
14:58:11 0.163 3 B
14:58:11 0.150 10 X
14:58:11 0.148 87 X
14:42:30 0.163 12 B
12:25:47 0.163 10 B

Trading activity for friday with lots of X, possibly overseas buyer. Possibly some leakage of news and some private transactions going on. the delay in announcing the sale of third tranche of shares and delay in completing SPA could be tactics to buy time for the big holders to accumulate and load up, but since this is a low volume stock, its harder to load up and taking more time. The full year results are already way overdue...

Went to Bursa and had a look at whats been happening and past couple months PNE PCB has had open market shares being mopped up by Credit Suisse Securities (Europe) Limited and via another proxy Credit Suisse Group AG. Could be the X trades for PNE Ind. are occuring from there as well. Definitely something brewing..

[chew]

has the completion date for sale passed?

[sgpunter]

Yes it has passed but no announcement as yet. I have already assumed that the sale and purchase agreement did not go through. I'm actually looking forward to the full year results ad hopefully there is a dividend declared.

Volume is very thin on this stock as most of it are held by insiders so massive price fluctuations from a few trades are the norm.

[BlueKelah]

If SPA did not go through would the company not have to announce it in a more timely manner?

If 3rd tranche shares not sold would an announcement be appropriate as well?

A check on Bursa shows Credit Suisse AG accounts via a main UK account are snapping up the remaining PNE PCB shares on the open market and BOD changed to a VERY young management team.

PNE PCB BERHAD
Date of change 07/08/2014
Name HO JIEN SHIUNG
Age 30
Nationality MALAYSIAN
Type of change Appointment
Designation Executive Director
Directorate Executive
Qualifications BACHELOR DEGREE OF COMMERCE & ADMINISTRATION, VICTORIA UNIVERSITY OF WELLINGTON, NEW ZEALAND.
Working experience and occupation HE HAS VAST EXPERIENCE IN MARKETING AND BUSINESS DEVELOPMENT.
Directorship of public companies (if any) NONE
Family relationship with any director and/or major shareholder of the listed issuer NONE
Any conflict of interests that he/she has with the listed issuer NONE
Details of any interest in the securities of the listed issuer or its subsidiaries HE HOLDS A DIRECT INTEREST OF 2,727,200 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 4.15% OF THE TOTAL ISSUED AND PAID UP CAPITAL OF PNE PCB BERHAD.

Date of change 08/07/2014
Name Cheng Kim Liang
Age 34
Nationality Malaysian
Type of change Appointment
Designation Executive Director
Directorate Executive
Qualifications Degree in Business Information Technology from La'Trobe University, Australia.

Date of change 08/07/2014
Name Kua Khai Loon
Age 35
Nationality Malaysian
Type of change Appointment
Designation Non-Executive Director
Directorate Independent & Non Executive
Qualifications Bachelor Degree in Marketing from La'Trobe University, Australia.

======================================

With 30 y/o ED (with RM2.7mio worth of shares) plus the other 34y/o ED and his kaki (from same Uni) at the helm of this multi-million dollar company and a big fund from UK buying in supporting them, the main logical conclusion is that PNE Ind has indeed completed the 3rd tranche of sales of PCB shares but for some reason this announcement has been delayed. Keep in mind, stock reacted with a rerating upwards as was the case when 1st and 2nd tranche were announced as sold.

No matter, with the good 1H results, 2nd half is going to be pretty good too with subsequent div payout and maybe another bonus, especially with loss making PCB out of the way.

p.s. noted that past years full year results usually announced on 27th Nov. We have a couple more weeks to go.

[sgpunter]

Yes Bluekelah, I agree something is brewing but I think they should keep shareholders updated earlier especially so when the deadline for SPA has passed. My guess is maybe a takeover offer at a lower price of 20 plus cents...haha ok might be wishful thinking on my part. But looking forward to the results now.