After Ex dividend with adjusted price down by RM0.35 per share. There was no gain if the market price stay the same if at RM0.80 per share.

If the fundamental of the company is still strong and if majority people behavioral and psychology perception are thinking that the price is much cheaper now. The tendency that the share price will trend higher due to psychology behavioral.

If majority of the people thinking that the share price is cheaper now and chances that the share price will trend higher, then it will become a reality that the price will trend higher.

It is just my thinking and you may disagree with me with my simple idea.

I invited a few of my friends to attend one of The Rotary Club Anniversary Dinner on 18th July 2016 and that was day MAAG went Ex date for a special dividend of MR0.35 per share.
My friends knew that I made good money in MAAG Shares recently. They are interested in MAAG.
“MAAG share can buy or not? And now at RM1.15 before EX date.” a friend asked me during the dinner.
“I understood what he try to ask was MAAG at RM 1.15 before Ex date, is it a high RISK to go into this stock!” and he said some of his friends said “MAAG is very high price already and just declared a Special Dividend of RM0.35 per share recently”
“It is still low risk at this price,” I replied. “The fundamental of the company has not change in term of financial figures and in fact it has improved alot after the disposal of MAA Takaful. Their business model is going to change for the better and the management is going to do some corporate restructuring soon...”
“I’m still very bullish in near term for next 2 years,” I said in a very positive note, and I still kept to my analysis on MAAG which I wrote not to long ago after it declare special dividend of RM0.35 per share and do a bit of update now………

4 Ridiculous Reasons That I like MAAG shares

To invest in MAAG shares, it is a patience game due to good news only that the share price can fly. But I knew i invested in MAAG was due to sale of business and assets plays then. Now for MAAG, the sale of business and assets plays has ended.
MAAG is a new company with lot of Cash and going to start new business acquisitions as mentioned by the MAAG management the last EGM dated 28/06/2016.
After EX date on Special Dividend of RM0.35 per share on 19/07/2016. The market price on the investment cost of MAAG shall be adjusted to RM0.80 per share.

Based on the MAAG Annual Report 2015 page no. 193 Note no.48
The Cash & Cash Equivalents for Shareholders fund as at 31/12/2015 was RM 251,656,000-00.
The Cash & Cash Equivalents for General Takaful as at 31/12/2015 was RM 56,710,000-00,
and the Cash & Cash Equivalents for Family Takaful as at 31/12/2015 was RM48,879,000-00.
Total Cash & Cash Equivalents for the MAAG as at 31/12/2015 was RM357,245,000-00.
The Cash & Cash Equivalents after the completion of the sales of MAAT and after payment of Special Dividend of RM0.35 per share (RM102,000,000-00), the final cash balance totalling
= Shareholders fund as at 31/12/2015 was RM 251,656,000-00 plus (RM 391,750,000-00 less RM102,000,000-00= RM289,750,000-00) = RM 541,406,000-00
That translates to almost RM1.85 cash per share.

I just shared with them a few simple calculation why I am still holding MAAG….
1. On 19/07/2016 MAAG share price is RM 0.80 per share with a high margin of safety.
2. NTA as at 31/03/2016 is RM1.37 per share and adjusted with disposal of MAAT is (RM1.37 plus RM0.99 sold MAAT ( gain of RM289,517,000 divided by piad-up capital 292,692,252 shares) less RM0.35 Special Dividend payout) RM2.01 per share.
3. The Cash & Cash Equivalents at the bank of RM1.85 per share (Detail see above calculation).
4. Some BUSINESS Information during AGM 20/06/2016 and EGM on 28/06/2016 at the shareholders meeting….
Once MAAT has been disposed, they will still have small core businesses that they can expand the businesses in.
1) Kasturi Tuition Center,
2) Columbus Capital,
3) MAA Genaral Insurance Philippines and
4) M&A in new businesses likes Education and Manufacturing sectors

This does not exclude the prospect of MAAG being used as a target for a reverse take-over.
With the sale of MAAT, no longer classified as a Financial Holding Company, hopefully the management find some profitable businesses and will be out of PN 17 by end 2017.

It is for education sharing only and i am not recommend anybody to buy, and if you choose to buy MAAG, it is solely your responsibility on your action.

buying today, you have to pick up the share scripts and few hundred thousand shares, it is worth alot of moneies...

buying higher and higher price, for example today, at 10.03.05 buy from seller 86,700 shares, at 10.41.06 buy from seller 200,000 shares, at 11.23.44 buy from seller 84,200 shares, at 11.29.51 buy from seller 79,000 shares, and who can buy this volume , one conclusion big boy is buying....

Don't worry, share changing from weak hand to strong hand. it will fly further, it is just the beginning of bull run.

Fear that the price will fall after Ex date by retail investors and hoping to buy back cheaper . They can be right or also can be wrong .

Picked up a bit more at RM1.16

Waiting to buy more....

Short term investors try to predict the share price and anticipate share price maybe coming down due to EX price after special dividend pay out. But in longer term I am very bullish in MAAG.

Buying must based on you finding value in the stock before you commit to buy. Nobody shall influence your decision to take that action. You are responsible for your action. But sometimes do nothing is also a wrong decision . So you have to evaluate the stock right before you take action. For me, listen to other persons decision is noise .

MAAG story is just beginning to do NEW corporate exercises. What we are going to receive the Special Dividend of RM0.35 is to compensate those investors who had kept MAAG for the last 5 years with many investors including Major Controlling shareholders still loss money because the share price last high was RM1.55 in APRIL 2011 before the disposal of MAA General insurance to ZURICH.

Now we see the end of final disposal of all major assets and with so much cash and high NTA. It is just like new IPO Listing.

Where can you find such a value in new IPO compare to MAAG with high MARGIN OF SAFETY.

MAAG still have small core businesses that they can expand the businesses in.
1) Kasturi Tuition Center,
2) Columbus Capital,
3) MAA Genaral Insurance Philippines and

with RM200 MILLIONS CASH IN HAND, they are going to do a few M&A in new businesses likes Education and Manufacturing sectors.

In a longer time horizon, there is possibilities that THE MANAGEMENT can be a Bonus and/or share split or management buy-up.

To be positive, i am willing to sleep with the management for 2 more years and go with the trend.

I am still long in MAAG.....

I am value investor and i like the sharing from Balvin71, and my calculating is almost the same like Balvin71. That is why i am very bullish in MAAG.

Share price still at RM1.23 per share now and i wonder why not many people are buying this stock. Maybe they are worry after Ex special dividend RM0.35 per share, the Ex share price maybe fall more than RM0.35 per share. Hope it will hold the price at RM0.88 per share. I will continue buying not more than RM1.00 per share.

WOW, so much cash and high NTA RM2.01 per share. I am laughing all the way to the bank on 5th August 2016.

I am very bullish in MAAG and I agreed with you, moneycashrich, waiting to collect my Special Dividend of RM0.35 per share.

On the ex-date, the opening price will be adjusted downwards by the dividend amount (in this case RM0.35) from the previous closing price.

NO

HO HO HO, X'mas comes early this year.

Now you cannot buy cheap anymore, MAAG price SUPPORT at RM1.18 to RM1.20 per share. If break RM1.20 per share, if will fly, fly, fly up and up

I am very Bullish in MAAG due to many great corporate M&A is planning by the Management and going forward, MAAG shall has a very clear stretagies regarding the direction of the company. I foresee the share price going to trend up further.

3 major top shareholders control 105,777,084 shares in MAAG
1 MELEWAR KHYRA SB 40,326,110 13.91%
2 MELEWAR EQUTIES SB 38,513,030 13.28%
3 MELEWAR EQUITIEW (BVI) LTD 26,937,944 9.29%

With the above EGM results, surely major shareholders voted for the Resolution.

GENERAL MEETINGS: Outcome of Meeting
MAA GROUP BERHAD

The Board of Directors of MAA Group Berhad (“MAAG”) wishes to announce that the special resolution as set out in the Notice of Extraordinary General Meeting dated 6 June 2016 was approved by the shareholders of MAAG at the Extraordinary General Meeting held today, 28 June 2016.

The results of the poll voting in respect of the special resolution is set out below:-
No. of votes %
Votes for 123,633,248 98.67%
Votes against 1,490,000 1.19%
Votes abstain - -
Spoilt votes 176,732 0.14%
TOTAL 125,299,980 100.00%

This announcement is dated 28 June 2016.

VOTE YES YES YES

Well said, Markus Lee, The EGM tomorrow is to ask for shareholders approval (vote) to dispose the Takaful biz ONLY. Nothing elsa.

So, VOTE YES, YES, YES...

or is it BREAKOUT ??????

Window dressing for tomorrow EGM, how far can it goes, maybe RM1.22 per share.

VOTE YES, YES, YES......

At this uncertain Bursa Market, MAAG still trading at strong support range of RM1.12 to RM1.16 due to corporate exercise of disposal of MAAT, if this corporate exercise is not approve, I agree with you, Moneycashrich, if vote NO, it will send MAA price to less than RM1.00.
Take the RM0.35 special dividend and by Augest or Sept 2016, there will be alot of opportunities in the Market.

I agreed with Moneycashrich, after all we waited so long for this to happen.

Yes, MAAG has common shareholders in Mycron and Melewar .

MAAG is going to move up soon....

http://www.theedgemarkets.com/my/article/maa-group-venture-manufacturing-or-education-after-exiting-insurance

MAAG Share price has been trending up from 60sens to 70sens to 80sens to 90sens to RM1.00 and RM1.28 and now closing price on 21/06/2016 is RM1.15 per share.
MAAG chart on 21/06/2016 with the share price of RM1.15 per share and shows bullish and strong uptrend.
Invest in MAAG shares, it is a patience game due to good news only that the share price can fly. But I know i invest in MAAG is due to sale of business and assets plays. And EGM is going to held on 28/06/2016 for the shareholders to approve the disposal of MAAT to Zurich Insurance.
Assuming you now buy into MAAG at RM1.15 per share. Once the payment of Special Dividend of RM0.35 per share by the end of August 2016. Then your investment cost of MAAG shall be adjusted to RM0.80 per share.
Based on the MAAG Annual Report 2015 page no. 193 Note no.48
The Cash & Cash Equivalents for Shareholders fund as at 31/12/2015 was RM 251,656,000-00.
The Cash & Cash Equivalents for General Takaful as at 31/12/2015 was RM 56,710,000-00,
and the Cash & Cash Equivalents for Family Takaful as at 31/12/2015 was RM48,879,000-00.
Total Cash & Cash Equivalents for the MAAG as at 31/12/2015 was RM357,245,000-00.
The Cash & Cash Equivalents after the completion of the sales of MAAT and after payment of Special Dividend of RM0.35 per share (RM102,000,000-00), the final cash balance totalling
= Shareholders fund as at 31/12/2015 was RM 251,656,000-00 plus (RM 391,750,000-00 less RM102,000,000-00= RM289,750,000-00) = RM 541,406,000-00
That translates to almost RM1.85 cash per share.

If you invested in MAAG since 2012 or 2013 up till now...with a dividend of 18 sens and counting .... on depending when you buy MAAG shares .....
Dividend 2013 - 3 sens, Dividend 2014 - 6 sens ,Dividend 2015 - 6 sens
Dividend 2016 - 3 sens and hoping to pay another 3 sens final dividend at the later date may be same as the financial year 2015…..
Many of my friends congratulated me for investing in MAAG. They knew that I was very patience and committed to MAAG for almost 5 years and counting ….. Whenever MAAG share price spike, they always ask me to sell, I told them I am still holding to MAAG because I am very bullish on MAAG.
Do you know how much MAAG is worth as a company, and i just do a simple calculation and take a few items from the balance sheet as at 31-12-2015 and 31-03-2016 and ....
I just shared with them a few simple calculation why I am still holding MAAG….
1. On 21/06/2016 MAAG share price is RM 1.15 per share.
2. Proposed Special dividend of RM0.35 per share shall be payable after completion of signing of S&P Agreement with Zurich by end of July and payment date by end of August 2016.
3. NTA as at 31/03/2016 is RM1.37 per share and adjusted with disposal of MAAT is (RM1.37 plus RM0.99 sold MAAT ( gain of RM289,517,000 divided by piad-up capital 292,692,252 shares) less RM0.35 Special Dividend payout) RM2.01 per share.
4. The Cash & Cash Equivalents at the bank of RM1.85 per share (Detail see above calculation).
5. Some BUSINESS Information during AGM 20/06/2016 at the shareholders meeting….
Once MAAT has been disposed, they will still have small core businesses that they can expand the businesses in.
1) Kasturi Tuition Center,
2) Columbus Capital,
3) MAA Genaral Insurance Philippines and
4) M&A in new businesses likes Education and Manufacturing sectors

This does not exclude the prospect of MAA being used as a target for a reverse take-over.
With the sale of MAAT, no longer classified as a Financial Holding Company, they will be out of the PN17 status and hopefully the management find some profitable businesses and will be out of PN 17 by end 2017.

I still think MAAG is undervalue stock. I do not know about you and I am still accumulating …..and I always believe that more improvement in the share price trending up in the near future and "Good things come to those who wait"

It is for education sharing only and i am not recommend anybody to buy, and if you choose to buy MAAG, it is solely your responsibility on your action.

Thanks for sharing

Balvin71, you are very bullish on MAA, can share some ideas please

I attended last year AGM and The Management gave us RM20 gift voucher per shareholder .

I am going to AGM and EGM

Any volunteer??

Markus Lee, it is a very good idea to have a facebook group for MAA minority shareholders and you have my full support.
Looking at the current trend, major shareholders only take care of the own interest. We must also group together to voice our concerns.

Support price is between RM1.14 - RM 1.17 and it is not easy for the price to drop further due to news that Proposed Special Dividend of RM0.35 per share by Mid-August 2016.
Expected Payment date and completion of the Proposed Special Dividend by End-August 2016.

if you bought your MAAG since 2012 or 2013 and hold on to it , once you collect your Special Dividend of RM0.35 per share by end of August 2016, you will probably recover all your cost of investment in MAAG. MAAG shall become FREE SHARE.

if you invested the MAAG share since 2013 up till now...with a dividend of 18 sens and counting .....
Dividend 2013 - 3 sens
Dividend 2014 - 6 sens
Dividend 2015 - 6 sens
Dividend 2016 - 3 sens and hoping to pay another 3 sens final dividend on later date may be same as year 2015…..
I see no reason why the dividend policy not continuing as I also expect another 3 sens or more coming after Special Dividend payment completion.

EGM for the Proposed Disposal is on 28 June 2016.
Expected Completion of the Proposed Disposal by July 2016.
Expected Entitlement date of the Proposed Special Dividend RM0.35 per share by Mid-August 2016.
Expected Payment date and completion of the Proposed Special Dividend by End-August 2016.

MAAG Board expects the Proposals to be completed by the third quarter of 2016.

This information is extract from pg 19 of the MAAG Circular dated on 6th June 2016 to the Shareholders.

Ho Ho Ho,it is go up and up and up and up .....from now...

Now i see MAAG share price is easy manipulated due to lack of script in the market. It is going to one way direction UP soon.

MAAG current price today is RM1.13 and soon to declare special dividend RM0.35 per share and you are just paying for RM 0.78 per share for MAAG. If the dividend policy of MAAG continue for RM0.06 per year, the future dividend yield is 7.69% per year.

I think MAAG is very very undervalue and I consider this stock is really a lelong stock. I am still accumulating the stock…..and I am a shareholder of MAAG.

Market price at RM1.12 and soon to declare special dividend RM0.35 and you are just paying for RM 0.77 per share for MAAG and future NTA is RM1.97 per share.
I know what you are thinking but and i am still collecting

Many of my friends congratulated me for investing in MAAG. They knew that I am very patience and committed to MAAG for almost 5 years already. Whenever MAAG share price spike, they always asking me to sell, I told them I am very bullish on MAAG. They wanted to know why I am still holding MAAG.
I just shared with them a few simple calculation why I am still holding MAAG….
1. Now share price is around RM 1.14 to RM 1.15 per share.
2. Proposed Special dividend of RM0.35 per share shall be payable after completion of signing of S&P Agreement with Zurich in next 6 months…
3. NTA is all time record at RM2.01 per share.
4. The Cash & Cash Equivalents for Shareholders fund after disposal of MAAT and payment of special dividend of RM0.35 per share with a balance of RM RM 543,406,000-00 which equivalent of RM 1.87 per share.
5. Even with all the feel good news announcement by the Management for all the events for the last 1 year, the share price hardly move and still hover at RM1.15. It is due to PN 17 status and only retail investors like you and me with the strong heart are willing to invest in MAAG even it is a PN17 status company.
6. Many retail investors heard MAAG of the PN 17 status. They ran away from this stock. Institutional investors also were not allowed to invest in a PN 17 status company. That is why one of the reason MAAG is so slow in response to good news and the share price move up very slowly.
7. Assuming you now buy into MAAG at RM1.15 per share. Once the payment of Special Dividend of RM0.35 you receive in the near future in less than 6 months. Then your investment cost of MAAG has come down to RM0.80 per share. You knows that MAAG has a NTA – RM2.01 per share and the Cash & Cash Equivalents at the bank of RM1.87 per share.

I think MAAG is very very undervalue and I consider this stock is really a lelong stock. I do not know about you and I am still accumulating the stock…..and I am still a shareholder of MAAG.

Going forward, this could be very exciting for the shareholders to see more improvement in the share price trending up and something good is coming and "Good things come to those who wait"

It is an education sharing only and i am not recommend anybody to buy, and if you choice to buy MAAG, it is solely your responsibility on your action.