The wonderful MAS! The one and only MAS. With elegant stewardess in soothing green kebaya and handsome steward in smart uniform, both coming from all races, isn't it considered nationalized? 

With the recent news from Khazanah wanting to privatize MAS which is a nationalized airline, doesn't that abit tacky weird? Uncle does think so, since Khazanah is a government entity. Uncle may be wrong but how much different can it make with Khazanah currently own about 70% as compare to absolute take over?

What make things worse is Khazanah seems to sent a very strong message to the MAS minority shareholder to accept the buyout.

As quoted from "Malaysia News" - "It's 27 cents for MAS Minority Shareholders or Nothing" which seems to imply the 'take it or leave it'.

To Uncle, this sounds like a threat more than a pursuasion.

Next up to this dramatic event is the EGM scheduled on 6th Nov 2014. The minority shareholder has already rejected the 27 cents per shared offered.

--Dun understand anymore--

Let's say in the worst case scenario, no white knight capable to rescue MAS, Uncle would be wondering whether shareholder would be still able to recoup some of the investment and bargain for higher value given that NAV of MAS is about 19 cents according to the Quarterly result in June 2014.

Uncle's would speculate that this case will be drag for months as Shareholder wouldn't come to agreement easily, and eventually NAV of MAS will be lower base on the heavily incur of the losses (about RM 4 million a day) coupled with the depletion of cash reserves, and the worse still given that if any absence of the financial support may further worsen its financial condition.

But never forget that Khazanah is the "Major shareholder" which might suffer the most with MAS burning RM4 million a day to keep its operations running, moreover MAS' weak financial performance is likely to continue. Given the quagmire MAS is in, and the challenging environment in the aviation sector, Uncle wouldn't encourage the shareholder to hold this stock but it would be a great timing for the shareholder to bargain for higher value since Khazanah is kinda aggressive now.