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KIANJOO (3522) : KIAN JOO CAN FACTORY BERHAD
Mike
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Posts: 87
Joined: Dec 2011		 05 Jan 2012, 01:23 PMPost #1
Kianjoo and Canone always fighting each other,why today morning price of Canone gone up 24 sen? Kianjoo a bit only le ?
Jacky
Member Star
Posts: 70
Joined: Dec 2011		 05 Jan 2012, 01:31 PMPost #2
Kianjoo and Canone always fighting each other,why today morning price of Canone gone up 24 sen? Kia...Mike @ 05 Jan 2012, 01:23 PM
Why canone move up so much today? Anyone has any news? Please share here..
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 05 Jan 2012, 02:20 PMPost #3
In my watchlist as dividend play. Leader, strong customer base. Historical dividend payout at 30-40% only but yield above 8%.

Only concern are aluminum price fluctuation, and the ongoing court litigation with Can One.
ILoveDividend
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Posts: 522
Joined: Dec 2011		 05 Jan 2012, 02:22 PMPost #4
In my watchlist as dividend play. Leader, strong customer base. Historical dividend payout at 30-40%...gen_hwang @ 05 Jan 2012, 02:20 PM
Looks like you are high dividend payer also. But i miss out the chance to buy kianjoo last time, but it is a very good company with high dividend + growing company. Not much this kind of counter in KLSE actually.
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 05 Jan 2012, 02:25 PMPost #5

Looks like you are high dividend payer also. But i miss out the chance to buy kianjoo last time,...ILoveDividend @ 05 Jan 2012, 02:22 PM

I was lucky to own it at Rm1.85 last year and sold of in the recent run up. Dividend won't come in until April, so consider that as an early distribution. Looking to reenter at weakness.
Mike
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Posts: 87
Joined: Dec 2011		 05 Jan 2012, 03:15 PMPost #6
Canone climbing up further higher at 30 sen le.Why ???
KLSETrader
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Posts: 38
Joined: Jan 2012		 05 Jan 2012, 03:30 PMPost #7
Canone climbing up further higher at 30 sen le.Why ???Mike @ 05 Jan 2012, 03:15 PM
OMG...Both kianjoo & canone moving up. Must be some big news behind? privatize again?
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 05 Jan 2012, 04:04 PMPost #8
Technical comment:

http://nexttrade.blogspot.com/2012/01/canone-can-or-not.html
ILoveDividend
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Posts: 522
Joined: Dec 2011		 05 Jan 2012, 04:11 PMPost #9
Technical comment:

...gen_hwang @ 05 Jan 2012, 04:04 PM

But from what Alex said:
What could have triggered such a big move in Canone? Is it a favorable court ruling on its application for injunction against Kianjoo's proposed bonus issue and rights issue of warrants? Is it a favorable ruling on the case of the bid to buy over Kianjoo? Any one of these scenario would be positive for Canone but negative for Kianjoo.

There is no benefit to kianjoo...only time will tell..
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 05 Jan 2012, 05:19 PMPost #10
http://www.theedgemalaysia.com/business-news/198884-bursa-securities-queries-can-one-over-price-surge.html
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 07 Jan 2012, 07:31 AMPost #11
http://www.theedgemalaysia.com/business-news/198960-federal-court-allows-can-one-to-buy-146m-kian-joo-shares.html

No wonder the MD retire. He lost.
ILoveDividend
Member StarMember Star
Posts: 522
Joined: Dec 2011		 07 Jan 2012, 10:46 AMPost #12
...gen_hwang @ 07 Jan 2012, 07:31 AM

omg..any impact to kianjoo price? thier offer only RM1.65 for kianjoo, it is much lower than the current price.
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 07 Jan 2012, 07:14 PMPost #13
No idea. That's what Alex of Nexttrade would have said so too. Fingers crossed.
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 07 Jan 2012, 07:21 PMPost #14
I am holding kianjoo also. Not sure what will be happened to kianjoo price on monday..
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 09 Jan 2012, 09:05 AMPost #15
OMG. My kianjoo is dropping now. How come Canone can offer such a low price for kianjoo? question
ILoveDividend
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Posts: 522
Joined: Dec 2011		 09 Jan 2012, 11:36 AMPost #16
OMG. My kianjoo is dropping now. How come Canone can offer such a low price for kianjoo? ...CNY2012 @ 09 Jan 2012, 09:05 AM
A very good stock in a good business, but just too much of court issue..star
Mengdez
Member Star
Posts: 1
Joined: Jan 2012		 09 Jan 2012, 01:16 PMPost #17
So any advise on this? I am holding this also, the take over plan will affect it? lol, still new about this.
ILoveDividend
Member StarMember Star
Posts: 522
Joined: Dec 2011		 09 Jan 2012, 01:32 PMPost #18
So any advise on this? I am holding this also, the take over plan will affect it? lol, still new abo...Mengdez @ 09 Jan 2012, 01:16 PM
Hi Mengdez & CNY2012,

There is an article talk about CANONE & KIANJOO from malaysiafinance blogspot.

WHAT ABOUT KIAN JOO?
Some are speculating that KJ will shoot up as well as other member of the See family still in KJ may want to buyback more shares, whatever it is, it is hard to get a similar sized block of 32.9%. Even if KJ move up, it will only make Can-One's holdings look even more attractive. If the other substantial KJ shareholders try to make a G.O. on KJ, it will be at higher levels of 2.50 at least, what a good proposition for Can-One. In fact, the play is all at Can-One not KJ. The dissenting shareholders will find that buying more of Can-One and/or accumulating enough to make a G.O. on Can-One would be a lot cheaper and safer way to secure back KJ.


Will KJ try to dilute Can-One's stake? How? You cannot really do that, in the event of a bonus or warrants, Can-One will still get back the 32.9% share. Only way is to do a rights issue, and that is if Can-One cannot/will not subscribe, you think Can-One is stupid? Any rights issue will be taken up whole-heartedly by Can-One. However, they can now block any corporate exercise with their 32.9% anyway. So, what dilution?

You can read more from the link below:
http://malaysiafinance.blogspot.com/2012/01/can-one-from-wilderness-to-top-of-pack.html
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 09 Jan 2012, 03:29 PMPost #19
A good fundamental stock like KJ is being destroyed by CO. I am fully supporting the reverse takeover by KJ, if the other majority shareholders go for it.!
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 09 Jan 2012, 03:47 PMPost #20
What can we do as a small shareholder? cry

Sad to see Kianjoo is surrounding by so many issues. Hope this issue can be fully settled soon. But it most probably take over by CANONE one day. rant
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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