looyee, yes the payment is announced received otherwise Kulim wont declare diveden so soon, only question is Sime Darby paid in BP or RM or USD into Kulim's British account or Malaysia's or Caymen Island..hihihi have some laugh during the price dropping day. kiki..someone was shorting the share on 2Mar and ESOS is RM3.05...deep thinking..hmmmm...

in the disposal proposal to shareholder last year, Kulim promised to distribute RM0.78 from the profit of the sale of NBPOL over 2 years period. RM0.376 is a pretty much if the RM0.78 divided by 8 quarters. There will be an addition RM80mil currency gain if calculate the present BP to RM compare to the calculation the sales prospect to shareholder last year. However, if the management do a currency hedging or some agreement within Kulim-Sime on the payment, no more extra will gain. I wonder whether Kulim have received the cash from Sime Darby or not since no announcement on the actual RM income. The share is expected to drop probably to the range of RM3.10 to RM3.05 these few days, wish market prove me wrong. :)

initial announce total of RM0.75 from the sale of NBPOL will distribute through two years. RM0.376 is a surprising much.

In statement released on 26th Feb, there is a paragraph sound:

" The Group reported a lower net profit for the year under review mainly due to the unbudgeted allowance for losses on one major impaired loan account"

Who is the One major impaired loan account? Hope not 1MDB.. :(

no body here say it is wrong to buy.

EPF is a short term player, do not happy when they buy. You can see the record EPF is buy sell buy sell the counter, just wonder if this a manipulate behavior? someone can tell?

fat dividend expecting

And the board of director does not have any one with experience of close fund management. When one of the major shareholder wants to introduce someone with such experience into the board, TTB made noise.

Rest assure that it is very disadvantage for major shareholder to privatize it because it's main business is controlled by insurance Act. The regulation plan must subject to the approval of BNM, therefore can foresee that Bursa may extend another 3 months for MAA to get BNM approval.

it is a matter of time.

EPF is buy sell buy sell on the counter, can somebody tell is this method a market manipulate behavior?

Calvintaneng point is "forecast" market trend is a speculation behavior. Deepmarine never answer this point but instead asking ppl shut up.

MAA needs to spare RM100mil for Takaful family and RM100mil for Takaful General to comply with BNM takaful regulation. MAA needs to spare cash for operation as well for the Takaful in Malaysia and insurance in Philippine. The fund it has is too small to swallow any insurance company, therefore it all depend on Bursa to amend its old rules on PN17 or it been swallowed by other giant.

The co buy back at RM0.62. But when it shoots up suddenly in short period let's say RM0.02 in small volume, be carefully, the Pengoreng will release it a little bit demi a little bit (price drop slowly)
until it touch RM0.62

For last few months, when price drop to Rm0.62, the co starting buyback. It paid a handsome dividends for last FY.

After making noises in the adjourned AGM, a Ex-cop been appointed as independent director of ICAP. Can TTB explain what is the expertise of a ex-cop can safeguard minority's interest in closed end fund? Now we know that non of the present board of directors has the extensive experiences in Closed End Fund. No body check and balance on the fund manager. So one might guess why TTB persistently object major shareholder City of London and Laxey Partner from being appointing expertise in Closed End Fund into ICAP?

how is the pay structure of I Cap to Capital Dynamics?

J Corp can privatise it as they can use the money from dividends to buyout the co, they no need to splash cash from own pocket and yet, if Kulim price still undervalue, then they can take the palm oil estate in Johor by cheap. After that all profit of Kulim is 100% own by J Corp.

somedejking king, the distribution of the sales of NBPOL is based on the 1GBP = RM5.24, as hng33 mentioned above, now the currency is 1GBP=RM5.40, how the company distrubute the extra RM80mil from currency gain?

The dividend may be more than RM1bil due to currency gain as well as disposal of Nexsol and listed of EA tech.

The EGM has passed the sale of NBPOL this afternoon. In the present dropping of Ringgit Malaysia, the total value of GBP525.40 will cash in is RM2.83bil, additional RM80mil due to currency gain.

Food of thought: who will be hit most if Tunku Aziz fail to regain his position?
Will share owners face any lost if Tunku Aziz been eliminated?

another RM50mil cash in from sales of Nexsol to PGEO.

The price can't moves up because it's PN17 status since fund manager can't buy it in this status. Therefore it provides the small share holder the opportunity to buy it cheap.

upon completion of the sale of NBPOL, the NA of Kulim will increase from RM2.96 (end 31st Dec 2013) to RM4.23. 44.29% of the new NA is cash, equivalent to RM1.87/share. So if you buy Kulim at RM3.50, your cost deduct cash is RM1.63 for other asset such as 51160 ha palm oil estate in johor including palm oil mill, to be listed EA Bhd share, Secret Garden and other companies. A bargain entering now?

Jamesooi, well said. Not to mention two intangible assets of Takaful license.

excitement will be soon.

because banker are betting on the call warrant, if price hike, the banker will lose.

pushparaj...78sen to be distribute in 2 years by stages. If distribute quarterly, then probable is 9.75sen per quarter. If RM500mil put in FD for 3%, then the 2nd year can get interest of RM15mil and if been distribute to shareholders, the 2nd year dividend may be 10sen. Only calculate base on the 1bil profit for the sales excluding other profit income and assume that the BOD keep their promise.

Dear Yogibear, could you tell what is the contradict by mentioned past record and looking for a better future? And how job and integrity been direct proposition?

hi Vinext, perhaps this will give you a glimpse: at selling price of GBP 7.15, Kulim is selling it at 35.75 PER.

All believe that this kota kemuning land will appreciate more in near future, could anyone tell us how much the appreciate rate for the next five years? any valuer here? Will board of directors decide to revalue the land in near future? I sincerely pray that the BOD can safeguard the long term investors with integrity and not trying to privatized it with a plot to undermine the share price.

dont worry, the major shareholde Jcorp is buying recently. The indirect subsidiary EA Tech is been approved listing while Sime is buying NBPOL in premium. Kulim is a cash rich co now.
16/10/2014 11:06

If keep for Palm Oil estate, base on RM2500/ton CPO price, 1 acre probably can generate RM250/month. Presume one acre around RM1mil in Kota kemuning, the ROA is 3000/1,000,000 = 0.3% per year. Probably the most costliest to produce 1 ton FFB/acre in Malaysia.

Recent quarter income actually not bad to the previous only got huge bad debt which drawback the result. When OPR rate rise, loan interest raise 0.25% while fixed deposit increase 0.1%. A better next quarter profit is expected if no increasing bad debt.

Affin, go out hunt MBSB!

As a shareholder, I always concern about the future of the company. Can the company grow in a sustainable way? If the cash cow keeps distributing large part of its profit to the major shareholder without considering the future of the company, the cash will drain out soon. Keep in mind that MAA still in the mid of regulate its biz plan to fulfill Bank Negara requirement to lift the PN17 status.

confuse. MAA needs capital to fulfill Bank Negara's regulation on paid up capital for its two Takaful insurance and yet distribute lucrative div.. What is the board of directors planning?

Superb99 we have this doubt in mind all because Bursa is not doing their job, no transparent to the small share holder.

there is a related party legal dispute with the company involving RM60mil..do anyone know what was happening?

Bursa gonna change its outdated PN17 rules.

the board of director are working hard eg..disposed non-core business of securities firms, buying house mortgage firm in Australia, disposing money losing insurance business in Indonesia, disposing MAAKL to Manulife. Insurance has many regulation, unlike other business which we can sell/buy freely on willing seller willing buyer basis.

If MNRB reinssurance MAS, I believe the MH370 effect does not reflect in the latest quarter result ended 31st March , dear gelita, do you know how much MNRB is involved in MH370?

has it reinsurrance MH370? anybody know?

Comparing Havea and Everygreen fiberboard, there are two huge earning gap between them. What you see about the near future of particleboard?

Good analysis guys! It reminds me ORIENT two years ago.