Dear all,

A quote from Mark Mobius;

Shareholder activism is not a privilege - it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. If we believe there is something going wrong with the company, then we, as shareholders, must become active and vocal.

I encourage shareholder to attend company AGM as I have definitely benefited from attending AGM. I will list down the benefits as follow:

1. You get a door gift (and a free meal/breakfast)

2. You get to know the BOD, Management team, Auditor and Company secretary (You can ask for their name-card or even take a photo with the top man)

3.You get an unfair advantage on information: Attached below WhatsApps conversation.

[25/05/2017, 22:47] KYY: I just returned from attending the AGM of Eversendai at Hotel Istana KL. I was early and I up to the top floor for a drink. Before I could shut the lift door a pretty girl came in.  I asked what was the perfume she was wearing. She said it was Giogio Armani costing RM 100 a small bottle. At the 6th floor an old lady and a gorgeous young lady entered. The perfume over powered and the old lady asked what perfume was that. The gorgeous quickly said it cost RM 200 a small bottle. Before I reach my destination, the old lady farted and I asked what was that. It was musang king costing RM 300 a kilo. 

Sendai' 1st Q EPS 1.97 sen comparing with corresponding period of 6.53 sen loss.The MD Tan Sri Nathan assured all the shareholders that the company will continue to show increasing profit every quarter for the year. 

It has made a wonderful recovery and securing a record value of contact. The future looks bright

[26/05/2017, 07:04] LeeSoonSheng: Dear Mr. Koon,

I attend CSCSTEL AGM yesterday. I asked for interim dividend before CNY, distribute treasury share to shareholders and distribute excess cash reserve as special dividend?

They answered they need to refer to the parent company as this involve policy change.

They do explain they need large cash reserve for working capital as they pay upfront for raw material and sell on credit term. I rebutted them only non credit worthiness companies will need to pay cash upfront for raw material.

I found this company very conservative, prudent and lack of ambitious. They are satisfied with a 4% net profit. They are not expanding downstream or increase their capacity as they put it, no one can accurately forecast market can absorb the addition capacity and the price trend of HRC and CRC.

I believe CSCSTEL is good for dividend but I have doubt will they create extraordinary value for shareholder.

4.You get to find out if management is aligned with your interests or you can make reasonable request that they can’t refuse:

INSAS 55th AGM Minutes:
http://www.insas.net/pdf/img-20180514.pdf
Highlight:
A. On dividend
The Board has taken note of the shareholders’ comments and will seriously consider paying additional/special dividend and to formulate a formal dividend policy in FY 2018.
B. On share price.
Dato’ Wong Gian Kui (“DWGK”) commented that the net asset value (“NAV”) of the Company as at 30 June 2017 is RM2.30, and if we take into account the mark to market unrealized gain of Inari shares, the revalued NAV or intrinsic value of the Company would be close to RM3.00.
Dato’ Dr Tan Seng Chuan added that the market sees the intrinsic value of the Company at RM3.00 but the market price is trading at +/-RM0.90. He is of the opinion that share prices and the Company’s performance have no direct relationship and the Directors’ primary responsibility is to make sure the Company runs well and not about making share price perform

5.You get to meet many like-minded investors:

You can make friends and collected name-card of many investors some are running big investment company.

6.You get the chance to collect evidence of frauds and make report to SC and Bursa and put these companies out of business.

I am able to meet Mr. Koon, his personal assistance, his lawyer, other lawyer, banker, MSWG, Bursa and SC when seeking help on Xinquan case and later CSL case with the auditor, SC and Bursa.

Thank you.