Can you both danny123 n TA cease fire? :)

I hope SC will allow the extension. Even though MAA is in PN17 since 2011, throughout the years the management is truly working on restructure of the co biz like selling takaful biz, increase share in Philipine insurance, buy and sell Columbus, collect bad debt and settle dispute on bond etc. Now they are in mineral biz and management has said openly they are looking for manufacturing sector, give some times for them to get out of finance sector and perhaps relisted as Industrial sector, may be.

If major shareholders want to privatise it, use co money for share buy back and cancel it will be faster n zero cost to increase his %.
But i believe Tunku is not that kind of ppl. He is looking for new venture of business like aluminum raw material manufacturing which is related to his Melewar. Cash has been reserved because some new biz is in discussion, i guess.

How much debt Dutaland owe?

positive way to think: the management view the current price is underestimate the co value.

i think it is good to sell Columbus Capital with reasons:
1) Australia property market was overheated and now expecting to down turn. This may trigger more default on loan.
2) Hard to get Australia authority's approval to acquire controlling stake in the group.

The croc had successfully push up the price n releaseeeee it...Now reflect the price of weighted volume of RI.

Calvin said sell when price hit above RM1? any beneficial?

https://www.theedgemarkets.com/article/billions-lost-felda-asset-value-vanished-tabung-haji

When MMRB needs overhaul?
Agree / disagree?

https://www.thestar.com.my/business/business-news/2018/11/23/another-round-of-glc-shakeup/#sMWh2aYvRDFtxJkz.99

According to EMH, liquidity will increase the market efficiency. As we can see recently delisted few companies which has low P/E and share price below NAV.
Increase of EPS by cancelling treasury share may not transform to share price close to its actual value. However, distribute it as dividen (if 1 to 10 ratio) will increase its DIY and liquidity. It will create cash flow to shareholders as well.

https://www.proactiveinvestors.com.au/companies/news/208379/altech-chemicals-secures-speculative-buy-recommendation-from-state-one-stockbroking-208379.html

distribution of treasury share is not bonus issue. The total of share issued is not increase nor diluted EPS.

canceling treasury share may not push up the share price since liquidity becomes lower.
Cancelling treasury share won't create cash to co and shareholders. But distribute it to shareholders will create cash flow to small holders like me. If BKawan distribute 1 treasure for 10 shares, it will be a fat dividends to me. :)

treasury share close to 10%, perhaps BOD can consider distribute it as dividen?

I am not expecting an answer here. But raise a question as food of thought for dinner

1MDB issues big junk of bond. Who bought it?

Since SPB and Daiman privatised its undervalued share, will SAB do the same to privatise the land which not revalue since many years ago?

----------TheContrarian MAA is classified as a PN17 company because it lacks a SIGNIFICANT business and this is because its cash holdings is more significant/higher value than the value of its current core business.----------------------

MAA curent core biz is larger than many listed company.

< because its cash holdings is more significant/higher value than the value of its current core business.> If MAA distributes its large portion of cash as dividends, will it be out of pn17? the answer is NO.

joetay 148% subscribed, do u think there is any excess allocation????


Can you explain the excess allocated to 3 major share holders?

BTW, just a simple survey, anyone of you successfully get excessive RI during application?

I m not Calvin nor fan of Calvin. In MNRB case, i just want to say his said is correct at some point but ppl attack him while those campaign to push up the price for releasing purpose are in the dark.

u can pusing whatever you want

CharlesT Keep for long term no worries

CharlesT I m a newcomer to this co few weeks ago only...not ad loyal as some of u here including calvin n his johor sifu

CharlesT 1 more cent to reach my earlier guaranteed return (8%) to Jon Boy

Croc asked to buy b4 ex date, buy the OR and then buy when listing...
Croc said buy and hold for long term while it aims to sell fast to make a fast return above RM1
Eagle said sell b4 ex-date.
Eagle said sell above RM1.00 and Croc target selling above RM1, so who is who idiot?

We are free to think who is lier.

Perhaps Eagle is made the scapegoat to attract attention away from the hunting Croc.

Who aims short term gain is telling the others to hold the share as long as possible......ha ha!

those are disclosure by the major holders when they subscribe the RI, not bought from open market.

Victor dont misleading ppl la...

A cash rich co no need been listed if they no business plan to utilise the cash in new biz or expansion. Afterall, Bursa is the platform to raise fund.

Anyhow, being a pn17 co with too much of cash still a wonderful status than those other pn17. :)

Can i presump that those emerge during the RI period are sharks which sense the bloody gap of pricing? Those loyalty, been given the label of "value investor" whose trap in the shark circle and losing fresh by the illusion of value?

If there is no something in progress, Bursa would not allow to extend the reregulation of its business.

CharlesT did you hold it since RM2.50 two years ago?

Investor 999 炒家托着价格等待机会出货！

donald770 Big shareholders still need to push it up to recoup some profit to lessen big loss result of its price adjustment after its right call.

This might explain why the price hike so vigorously since more shares are into the market.

52 Week High : 2.750
52 Week Low : 0.960

52 week high of 2.75 is misleading after 1.4 times of share created last month.

Last Closing before ex-date = RM1. 56
First Opening after ex-date = RM1. 17
If sold OR at RM0. 15
RM0. 15 + RM1. 17 = RM1. 32 Still lower than sell before ex date.

CharlesT, I see. This explain the unusual price hike after 447,445,870 new shares flood into the market today.

One of the statement from Calvin is right: Buy when RI listed is cheaper than buy with free Right or purchase with OR.

MAA is categorized in Finance Sector in BSKL. It must meet Bursa and BNM regulations that's why it caught in pn17.

MAA building its new core biz by its existing fund.

MNRB co's fund not enough to support its existing core biz hence asking for capital injection from shareholders.

MAA is cash rich.

MAA sold its takaful to Zurich so it no need raise RM200mil from shareholders. Yet MAA distributes special dividends to shareholders from the proceeding of the sales.

MAA affordable to increase its insurance share to 70% in its Philippine insurance co without asking money from shareholders.

MNRB is larger than MAA. But MAA has more than RM200mil cash in hand while MNRB asking RM400mil from shareholders.

On behalf of the Board of Directors of MAAG (“Board”), TA Securities Holdings Berhad wishes to announce that Bursa Securities has vide its letter dated 30 October 2018 decided to grant the Company an extension of time of up to 30 April 2019 to submit the regularisation plan to the regulatory authorities after due consideration of all facts and circumstances on the Application, including
1) the financial position of MAAG based on its latest financial statements, (go Green? )
2) the Company’s on-going businesses that are revenue generating (biz is performing?)
3) as well as the developments towards regularisation of its financial condition. (Australia and Philippine? )

bought RM2.50 not wrong given so many ppl here said this is a very very undervalue worthy invest stock...A good investor will cut loss and leave immediately if thing seem not right. Unlike some others, at least Calvin admit the uncontrol mistake and not allow further loss.

Nicholasming91: Er most of the stocks drop 50% after election

Er..did you mentioned LPI, Takaful, Manulife?

Nicolasming 91 Lol you can sell your mother after OR, and now sell the 90 cents cost share

Those got the Right to buy at RM0. 90 can simply sell and get an instant profit of at least 10% (if price above RM1) in a month by conning ppl into believing it is a bargain now n buy into their hand.

This statement is interesting: " To the best knowledge MAA is not aware of any material transactions, corporate developments, any rumour, explanation or report which might materially and adversely affect its share prices. "

CharlesT, from the MBSB experience, share price will drop lower than RI price for the 1st 6 months, why you buy MNRB before the listing of RI this round?