Minority shareholders are punished when shares cannot be treated. The crime committed is buying shares approved by SC and Bursa? Lifting suspension us performing justice. In this case, certain people should be restricted from selling for at least 1 week.
@John, privatisation needs a lot of cash. Already heavily in debt, where to find the required fund? Also, privatisation means pumping more money into illiquid assets. This is not in line with SAA of Nazim per Star news last month.
NTA 1.61 is not meaningful if the assets are mainly illiquid assets. But if half of the assets is sold, giving cash per share 80 sen and other asset per share 81 sen, then? The group is actively selling assets for cash, so that money can be used to invest in more liquid assets. How can LTAT get the cash from subsidiaries and associates that sold assets? Dividend!
Major shareholders with intention to privatise are unlikely to pay high dividend. They are more likely to hide favourable info to press down prices. But Robert K privatised Jerneh many years and offered fair deal.
All profitable banks derived substantial fee based income such as comm from insurance, unit trust and FX as these will not involve loan impairments. MBSB is totally out in the most profitable sector. It relies on lending and costs of funds are high since it pay higher FD rates. Without such awareness and changes, you can continue to hold the counter like EPF, the caretaker of retirement funds for millions of workers.