GKENT Tan Sri Tan Kay Hock general offer for JOHAN at 26sen per share expired recently. I wonder when JOHAN share price will rise since GKENT share price already break record high yesterday.
I strong believe Tan Kay Hock will repeat the successful story of GKENT on JOHAN. GKENT share price up 10x within 4 years time. If JOHAN can up 2x from current price, i will very happy le.
JOHAN will benefit from GKENT share price rise since it hold 4.19% stakes of GKENT which worth RM55 Million.
Tan Sri Tan willing to increase JOHAN stake from 36% to 51% show a strong confidence on JOHAN. After the general offer expired, I believe Tan Sri Tan will inject some assets and project into JOHAN.
I will hold this JOHAN for 2 year time and wish can bring me 5x return !!
Below is the old news from THE STAR
Stock on the move: Johan attracts strong interest
KUALA LUMPUR: Investor interest has now turned to Johan Holdings Bhd, the company seen as a proxy to politically connected construction outfit George Kent (M) Bhd.
Both companies share the same major shareholder - Tan Sri Tan Kay Hock.
Tan owns an indirect 37.43% stake in George Kent, and an indirect 36% stake in Johan.
Tan is the chairman and CEO of Johan while at George Kent, he is the group chairman.
Investors have been chasing up George Kent, following the release of its financial results last week. Since then, its share price has surged from RM3 its new high of RM4.40 on Thursday.
Fundamentally, George Kent has an all-time high orderbook of over RM6.2bil.
Investors expect Johan to see some spillover from George Kent.
On Thursday, Johan rose four sen to 23.5 sen on volume of 48 million shares.
Tan has been accumulating Johan shares in recent days. He bought about 12 million shares at a prices of 18.3 sen and 19.1 sen on April 3 and 4 and upped his direct stake to 9.53% and indirect stake to 36.23%.
On March 20, Johan revalued its properties to RM306.587mil. This resulted in an increase of about 3.15 sen in the net asset per share from 28.41 sen to 31.56 sen as at Jan 31, 2017.
However, financials wise, Johan has not been doing well. For the financial year ended Jan 31, 2017, Johan’s net loss widened to RM37.22mil from RM13.12mil previously – the fifth straight year of losses.
Recall that Johan started in 1920 as Johan Tin Dredging Ltd. It operated a mining lease off the Sungei Johan in the Kinta District of Perak with a paid-up of RM136,000 which remained unchanged for 61 years until 1981. In 1979, the company was renamed Johan Holdings Bhd.
Since 1979, Johan diversified from its tin mining business and through acquisitions and organic growth. Its core businesses are include the franchise operator for Diners Club charge and credit cards, travel and tours, manufacture of ceramics wall and floor tiles, property development, resorts and hotels.
On Nov 3, 2015, Johan announced the rationalisation of the Diners Club card business of Diners Club (M) Sdn Bhd (DCM) in Malaysia. DCM ceased all cards issuing business and terminated the usage of Diners Club cards issued to individual and corporate cardholders with effect from 30 November 2015 and 31 March 2016 respectively.
However it continues for the time being as a processor to service Diners Club cards issued by foreign franchisees to cardholders visiting Malaysia.
Last May, it also announced the winding up of its membership scheme for the Lumut International Yacht Club (LIYC).
Johan's 70%-owned subsidiary Lumut Marine Resort Bhd (LMRB), which owns the club, decided to end the scheme because of the low membership base, which resulted in LIYC incurring monthly operating losses and negative cashflow.
The group said 239 memberships had been sold, comprising 227 individual members and 12 corporate members, since the launch of sale of the LIYC membership in December 1995.
谢汪潮．不公平不合理
Author: Tan KW | Publish date:
Mon, 20 Nov 2017, 10:07 AM
2017-11-19 19:55
早前佐汉控股与泰达大股东因持股比例触及全面献购门槛，进而提出全面献购，不过，独立顾问认为，基于出价不合理，建议两家公司股东拒绝献议。
早前佐汉控股（JOHAN，3441，主板金融组）与泰达（DATAPRP，8338，主板科技组）大股东因持股比例触及全面献购门槛，进而提出全面献购，不过，独立顾问认为，基于出价不合理，建议两家公司股东拒绝献议。
连同谊来（YILAI，5048，主板工业产品组）计算在内，这已经是本月第三宗独立顾问建议股东拒绝献购的个案。
交易所数据显示，佐汉控股、泰达过往的业绩表现欠佳，甚至出现长期亏损，不过，大股东或新大股东却频频增持股权，站在企业营运角度来看，不是很赚钱或严重被低估的公司，竟然引起莫大购兴，背后会否藏有更大计划，更值得投资者一探究竟。
市场认为，相关大股东增持公司股权，相信这些公司可能是“禾秆盖珍珠”，深藏一些市场所不知道的价值；又或许，最坏的情况已经过去，加上公司前景备受看好、或有其他更好理由或议程，如日后向公司注入新资产或业务。
再说，独立顾问表示，大股东们的献购价，比市价大幅折价，如此“没有诚意”的出价，显示大股东们有意维持上市地位，出个献购价也只不过是循例执行而已。
佐汉控股核心业务为大来国际付款卡（Dinersc lub）、旅游、陶瓷砖制造与市场营销，而增持其股权的丹斯里陈溪福本身亦是乔治肯特（GKENT，3204，主板贸服组）的大股东，相信两者可达成协同效应。
有意收购泰达的Wardah通讯，后者业务为印刷服务，而泰达的核心业务为为资讯科技与谘询服务，两者的业务并没有太直接的关联，不由得让人联想，Wardah通讯可能会将其业务注入进泰达。
再说，大股东们既然愿意砸钱增持或收购股权，那么小股东将特别期望佐汉控股与泰达的业绩可起死回生，如此一来，大股东肯定会获得市场的赞誉，其企业生涯可以增添多一宗亮丽的成绩单，小股东们也有望获得合理的回报，可谓双赢局面，皆大欢喜，那么再不公平不合理的献购也是很公平了。
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