Malaysian Airline System Berhad is engaged in the business of air transportation and the provision of related services. It operates in two segments: airline operations, which is engaged in the operation of aircraft for passenger, and cargo services, which is engaged in the operation of aircraft for cargo and mail services. Its other business segment includes catering, engineering, computerized reservation services, trucking and warehousing services, retailing of goods, terminal charges, and tour and travel related activities.
AdCoolAs commented earlier, the NTA is 0.24....and with 10% premium you will get 0.265. I don't think anyone in their right frame of mind would offer more than a 10% premium with the current issues and problems with MAS.
The other alternative is to slice and dice MAS after privatization. All those subsidiaries which are doing well will get listed again while the MAS airline and MAS Kargo remains privatized.
For minority shareholders like us, you got to accept the privatization of 0.265. Khazanah with its almost 70% shareholding in MAS may probably be the one to privatize MAS. Then restructure it and list those profitable subsidiaries in order to recoup back their investment. Next, find someone to buy MAS and MAS Kargo or get the Government to continue to subsidize these businesses.
40 cents to me now is impossible unless the Government would want to bail out MAS with the Gov fund and allow Khazanah to exit MAS. Khazanah subscribed to the right back then with 0.23 cent. If 0.4 bailout, Khazanah already made 0.17 cent profit.
RingWith the present situation it is best for to go private with lowest price possible which say .265ct.. ya Adcool may be right. Investors are at the loosing end, well this how"share buisness" works?
ganneeneh90 pct seabed scoured, nothing of interest detected
Authorities say objects washed ashore not from MH370