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?

iF one own a MBSB before 14 Mar 2016, the opening share price on the announcement is RM1.33.
Let's say he subscribe the RI and paid only RM0.59. The total cost for two shares is RM1.92 or Rm0.96 per share. For today RM1.00 price, after two years, the paper gain is RM0.04 plus dividend of RM0.080. From June 2016 to Oct 2018, the ROI is 5.18% compound return.

If one sold MBSB at the first day of listing of RI on 29 Jul 2016 at highest price at RM0.71 with the same entry cost of RM1.33 as above example. He make a loss of RM0.50.

Yes I know but you can not say the RI price is Rm0.59 because you entitled a 41 cents "bonus issue" . Look, it is before Companies Act 2016 cancel the par value so the RI price must not below RM1.00 of its par value. If the par value still presence, MNRB RI must not lower than RM1.00.

MBSB RI price in 2016 is RM1.00. after 2 years plus, it is RM1.00. In between you got Rm0.08 cents.

Contrarian, someone pretending he is value investor said it is a value buy and fat dividend is coming, it is good stock, bla bla bla.. One of the indicator of whether a stock value buy or value trap is look its return over 5 years like what we see in unit trust portfolio. Only mid to long term investor mind whether the management of a company really appreciate loyalty of the share holders or not. Those short term players/shark just want to goreng n sell his share to naive investor or trying to gain the gap of up down of price.

Ask those Value Investors who said the same 5 years ago: what is their return for being royal over 5 years. do they feel con by the RI?

Ask The Value investors who said the same 5 years ago do they feel con by this RI

Insurance co sell high risk deal to reinsurance. Safe bet will also keep by insurance co themselves.

Ha ha ha

From your "proof" above, Zeti never said to improve the share price. Dont put words into her mouth n misleading readers here.

i don't believe Zeti said she aims to improve GLCs share price. Show us the news.

Victor Yong said: Zeti of PNB has mentioned that she aimed at improving the share price of GLCs if not mistaken :)

I don't think Zeti had issued this statement. Show us your evident.

2 Days, OR -6 cent; mother -3 cent

Price doesn't matter you mean? why it is so cheap???

Victor Yong, where your news come from? You have been campaign this counters for weeks, let's tell us what you hold n at what cost, let all learn how good is your investment.

Controlling party gives guarantee to fully subscription of his RI and promises to take up unsubscribe in excess to the upper limit of listing. This guarantee letter also not prohibited the party to apply for excess and buy OR in open market.

Conclusion: iphone 4 n Contrarian, both you are right!

Sell the mother at RM1.06 then buy back at RM0.90 with the entitled right, good biz? ?? :)

Sell the mother at RM1.06 then buy back at RM0.90 with the entitled right, good biz? ?? :)

everytime there is a negative comment, victor will show this chart to push up the comment

Thats right! Contrarian. The big two's cost will always lower than retails. Big shark's profit doesn't guarantee small fry will make profit too.

Either way, the major two will be the winner.
If OR fully subscribe by retails, they are happy no need to come out extra pocket money with controlling portion still not diluted.
If OR under subscribe, they can get excess OR for free.
Why they need to buy OR now?
Are small share owners have deep enough pocket to buy excess and OR as much as possible to leverage the cost? food of thought. :)

Which stock in Malaysia consist majority of retails small owners?

If MNRB can't raise enough RM400mil, what next?

Iphone4, thanks for your recommendation. MNRB is a good share indeed, on paper. Insurance is one of the frequent get con industry. Seeing recent developments like mismanaged of several GLC, creative accounting of MOF and money laundry of 1MDB (you see the figure on paper but cant find real cash), it push me off.
Where is the profit for the passed few years? Why so desperate? How's cash flow of the company?
I wish my worry is wrong. Very wrong.

PNB not only can buy unsubscribe RI but also can privatise it. What we discuss here is the interest of small share owners, are they benefit? Especially those super loyalty smallholders whom stick to the share for the past 5 years.

During par value era, the big player must push up the share price so that the RI price wont lower than RM1. Now they can lower n lower it
thus can increase the share quantity. No mercy to the small holders who call them long term value investors.

with ratio 5:7, it is like IPO another MNRB in the size of 1.4 of existing.
Someone who always sang the goodness of this share has gone missing since the price had successfully push up over the last two days before today. Notice?

Big shark close position. Got profit.

https://www.youtube.com/watch?v=OUXL9fuk-Rg

If under subscription, The Right is no value.

probably another reason the co extend the RM320mil because the management not confident they can raise Rm400mil from the RI.

Sometimes you see gem in the stone, but the hill is controlled by warlord.

Now here got insider to push negative comments up and encourage retail to buy. Beware!!!

It depends where you borrow the tickets from. In this case, you know where is the price heading to.

If one short at RM1. 50 and cover his position at RM0. 90 in less than 30 days. Guess how well is the earnings and guess who is able to do that.

The management is exploring the cancellation of par value by Bursa.

Besides right issue and bank loan, one can raise fund through warrant, bond, preference share, merger, dual -listed, listed of subsidiaries etc. There are many ways.

We should ask another question : why not spin off Takaful Iklas? In this way it can raise fund too and give exposure to its brand name, moreover release value of the mother and thus all share owners benefits.

After money raised in their hand, major shareholder can say whatever they want.. Especially when share price far less than NAV. Wow.. 90cents..this will save a lot for privatization..

It is rare for 5:7 ratio. The major shareholder can easily privatise the co if they fully execute their right and buy excess which minority give up and in this low price!!!!!

If not mistaken, Mflour just built a new jetty some 5 years ago in Lumut flour mill plant. But now request another RM48mil for extension of the existing jetty and upgrading of the ship unloader to allow larger ship to come in. My question is: How much saving for allowing Kamsarmax vessel of 84,000 deadweight tonnage to facilitate the unloading? How long is the breakeven from the saving?