AGM is in May . Try to attend and ask some important questions

Those local analysts from investment banks are analysts working from office . They are not people who indulge or work in the industry and hence don't really know much.

Take what KYY said with a pinch of salt . He only tell you what he wants you to hear and to achieve his personal interest.

Beware of KYY! He has no mercy on small investors.

Question investors have to ask is what MPHB capital going to do with over $1bil of cash and liquid investment after the insurance disposal?
Ever since listing , the company has not shown any interest at all to take on new business !
Will the huge cash piie be used to reward shareholders handsomely in special dividend, afterall shareholders get zero return for long 7 years ?
Will the controlling shareholders use the money to undertake SCR exercise ie aking the company private?
If privatisation is the game, minorities have to be smarter not to give in easily as the RNAV may be in the tune of $6-8 per share and about $2 is in cash and liquid investment.

Ya. Looks like sales of insurance unit to generali is a done deal pending announcement only . Generali is seeking to buy more general insurance assets in Malaysia to strengthen to No2 position.

Endgame, really ?

KYY faces huge OLH obstacle and selling now.

Shah800710, with full conversion of the RCPs and warrants arising from the right issue a couple years ago, total number of share will eventually be about 3.6 bil unit . At $1, the market capitalization is $3.6 bil.
I agree that $3.6 bil is not expensive for WCE highway.
Worth noting that WCE also own 40% in the 1,800 acres Rimbayu development spearhead by IJM lands which by itself also worth a lot of money.

FAIRnREASONABLE, for minorities like us it is important to think what is the eventual realizable value of our investment when the day you decide to cash out . NTA of the company doesn’t mean anything to us , but Share price does .
Conversely , OLH being the controlling shareholders who has no intention to cash out has no interest to promote higher share price . In fact, it is his interest to keep share price low over prolonged period to frustrate minorities and to make privatization cheaply at a later stage . The interest of the minorities and controlling shareholders are often diverse.

Shah800710 is trying to make a long shot . Most people would be very very happy if it reach one third of the way .

Let’s have some faith. The next high is higher than the last high .

I suspect very few willing to sell at $1.25- 1.28 because most weak holders have been wipe out.

Already broken 50 sen on Tuesday. It's heading to 60-70 sen now.

Minorities always get screwed because they give in easily. Wake up minorities.!

When Mr K says underated oi r undervalued, he is doing oi it to attract buyers to take over from his liquidation. Don't get trapped

@AllanTingAS,. I did the same thing early last month and sold quite abit at $1.05-$1.07 . This was because many times it reached above $1.05 it dropped back to below $1.00. I thought could trade to pocket a few percent gains by buying back below what I sold . Unfortunately, that never happened.

It's waking up !

Re-rating for MNRB will come if the company declares a final dividend of 5 sen, thus bringing the total dividend for FY ending 31-3-2021 to 8 sen. (3 sen interim paid last year). Let's watch for the 4qtr results ending 31st March to be announced in May.

FAIRnREASONABLE, if you are convinced the catalysts for re rating will likely to materialise I think it is good to stay invested . There is no absolute right or wrong . I can make wrong judgement too.

I have no doubt at all it is deeply undervalued. But will a fair valuation ever come? What will trigger that to happen? I asked these questions to myself for quite a while.

Assuming if I have bougt the share at the average price of $1.60 in 2016 ( before BI 1 for 2), the capital cost per share after BI is $1.60 (2/3) = $1.07. I am suffering capital loss comparing to the average price YTD 2021 of $0.91.

FAIRnREASONABLE,.per your request,. Below are the highs, lows and average for respectfive years :
2011. $1.95. $1.30, $$1.63
2012. $1.70,. $1.40,. $$1.55
2013. $1.65,. $1.40,. $1.53
2014. $2.25,. $1.55,. $1.90
2015. $2.10,. $1.60,. $1.85
BI for free warrant 1 for 4 ex date 16/7/2015
2016. $170,. $150,. $1.60
2017. $1.70. $1.40,. $$1.55
BI 1 for 2 ex date 27/11/2017
2018 $1.07,. $0.86,. $0,97
2019. $1.00,. $0.83. ,. $0.92
2020. $1.04,. $0.65. $$0.85
2021 YTD$1.01. $0.81,. $$0.91.

Just take the year average price to compute capital gains and adjust for the 2017's BI to see the result of your investment.
BI for free warrant in 2015 can be ignored as the warrant were out of money all the times and became waste paper upon expiry.

After OLH gained firm grip on OSK ( more than 50% ownership) arising from the merger of Osk property and Pjd, it's return is somehow uninteresting. He is probably taking minorities as his banks providing unsecured loans.
In this respect, I place little hope that OLH will do any corporate exercise that lead to higher valuation/ return for minorities.

I remember the 2015 BI is for free warrant which stay out of money all the times and finally vanished upon expiry date . So, this BI for WR can be ignored.

I know I only make equivalent to FD rate of 3-4% from dividend on annualised basis for the last 5 years holding it. Those who bought at the highs in earlier years may suffer negative real return.

The highs of OSK traded prices are :
2011. $195
2012. $1.70
2013. $1.65
2014. $2.25
2015. $2.10
2016. $1.70
2017. $1.70 (before BI)
2017. $1.07. (after BI)
after BI in 2017 until today OSK is trading at $0.90 to $1.0 for most of the time .

Very strong closing . All sell volume being snapped up at the fixing price after 4.50pm! Something is brewing ? Privatisation on the card ?

Ooihk899, we all 'love ' uncle too.

I see this as positive development .

KYY harbor ill intention to exploit the trust of followers and thereafter write this to humiliate his followers. I wonder if it is worthwhile to leave such bad name and 'earn ' so many curses in the final lap of his life . With almost 100% of posting here are against him, he must be damn evil.

He exploit the trust of people . Seriously lack of wisdom and principle .

TheContrarian, senile KYY will be more angry with me for what you have just said . Hahaha...
I was wrong to defend him against some very harsh comments on 22/3/21 in the MNRB'S forum , although it is obvious that he often exploit people's trust . This won't go down well in the rest of his life .

@edge, I think the company prospect is improving year by year as more section start contributing toll and with increasing traffic volume. Not forgetting, the 40% holding in Rimbayu will continue to contribute profit over a long period too.

Uncle Koon,. I am astonished to see how low you have gone in writing this posting with vengeance and hatred. I have on 22/3/21 in MNRB's forum defended you against some very harsh comments said about you , I think you don't deserve my sympathy at all.

@IronShirt, I am astonished this old uncle has gone down so low in writing this article full of vengeance and hatred . Lack of conscience and wisdom !

@TheContrarian, thanks for your advice. OSK share price has been hovering between $0.90 to $1.05 , most of the time below $1.00 since 2017. Do you expect any material change that will result substantially higher price from where it is now ? If you don’t mind , pls share your TP for 1-3 months.

@Calvintaneng, I agree to a number of your stock recommendations and they are are often based on Balance sheet strength of the companies. In some cases , you don’t care much of the business prospect eg Talam , Dutaland etc .. i think it is good that you look into both balance sheet , business prospects and track record as selection criteria.
Also, you tend to over promote or over sell the stock . Very good example is Bplant. When you do that it make you a ‘ snake oil salesman’. You just need to state your facts and opinions and that’s it,
No offense pls . Just my friendly advice.

Management already declared they have enough money from the RI in 2019 to complete the highway.

@firehawk, agreed with you . This is because there is no benefit at all for OLH when share price goes up. As such , I think he will not pursue any corporate exercise to the benefits of minorities. In fact, it is better for him to keep price low for a prolonged period to totally wear off patience of the minorities so that privatisation can be achieved at the minimum premium.

Picked up 185,000 shares @ $1.26 early part of morning.

Or KYY now work on the reverse psychology?

KYY is back again today telling us why we should buy MNRB. Will retailer suspect his ill intention and dump the stock so that buying opportunity will present for genuine investors ? I don't remember seeing KYY declaring his holding in this stock . Did he ?

KYY's negative sentiment may be over. Fundamental will prevail.

OLH has tight control over this counter. He will let you earn about 5% annual return . Don't hope he will do anything to create value for minorities. That's my many years of encounter. For whatever osk share left , I am just looking for opportunity to ditch all.

I am buying the dips in progressive manner starting from today at $1.26.

Uncle KYY is promoting OSK now. Better dump OSK as he has ulterior motive ?

@TheContrarian, better not. KYY has just too many haters who collectively can be a strong force to drive Bstead further down. Hahaha...

KYY seem to have too many haters for whatever reasons. This opposing force can potentially derail the positive momentum on MNRB price . It can be easily achieved due to low liquidity of the stock . I think short term traders or punters should be aware of this risk. For longer term investors, good opportunity to buy the dip and I am ready to do so . Just my own perspective. Not a buy or sell call.

@RTFM, I fully concur with you . What you said can be verified by the published audited materials and by talking to the senior personal in the insurance industry. It's very objective. Not like many haersay, gross assumptions and suspicion posted by KYY haters who got too emotional may be due to some poor encounter they have had.