All parties involved in the dispute including regulators should explain to the shareholders what actually the issues are. Otherwise the insiders with the info can use their knowledge to take advantage of the situation. We the outsiders are certainly will be the losers .

Continue to maintain strength with good volume!

The chairman is a bit unprofessional in his approach . SD should have some one else and can be any time better especially dealing with public.

Anyhow don’t expect any auditor to look after your interest as shareholders. They are running a biz just like other biz. They have their own interest first to take care. Too many scandals involving the big 4 all around the world. You have to make your own independent judgements. Even regulators can fail in their duty. Just read what has happened recently involving a big German company Wirecard!

All the big 4 have problems world wide! Auditors are no longer reliable .

More health care related biz for LYC looking after senior citizens , a definitely a fast growing future biz. LYC is involving in the right biz of health care and those who intend to grow with this kind of biz should invest for the future.

Back to be very active and up, good sign !

EPF has been selling Oriental Holdings shares continuously for some time till now too!

LYC to be a distributor for inactivated Covid 19 vaccine from China. This should be good for LYC

PP not fair to other shareholders especially when issued at very large percentage and at very cheap price. Only selected people close and known to the company will be offered. Many plc now abusing this privilege and SC seems to allow it to happen. Sad!

Price maintain and strengthening and volume continue to be very high. Good sign!

Most of the ESOS goes to the directors !

Securities Commission should not allowed huge % of PP at substantial discount. Many companies are abusing this PP.

Or buy via cheap ESOS

Yumchar, what you said is very true, sadly

Right Issues are fair to all share holders but private placement of 20% not fair as the selected few can only buy at discounted cheap price

Hope not followed by yet another round of cheap ESOS!!!

Div 0.3 sen x date 30 June

Dividend and a good news coming, nothing to worry. Just see the very high volume traded!

Now after PM road map on covid 19 , we are clearer about the like future scenario. Market always looks at least 6 months ahead if not longer. The past and present were fully discounted

Very good balance sheet with very little short term debt and no long term debt. What more Picorp is giving dividend. Picorp is in the right industry: lab testing and environmental related services

This is just the beginning of a better and bright future for those who can wait and understand this industry.

Very steady climb for about 3 weeks. Excellent! Will continue as vaccination progresses.

Slow but very very steady the price creeping up!

It is not auditors responsibility to protect investors interest. They are just running a biz just like other biz. An external financial auditor’s responsibility is to express an opinion on financial statements and to ensure that documents are free from material misstatement. The vast majority of frauds were not discovered by external auditors any way.
The primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Just look at Eden WB. It surges in both price and volume. The warrant will soon expire in August this year and the exercise price is 30 sen, way out of the money. Doesn’t this indicate something good will happen any time soon? A good omen, I must say.

Only buy stocks that are undervalued with not only backed by net asset but with good future prospects. Invest not based past and current performance but in what you expect the stocks will do in at least 6 months ahead.

At the current price well below 20 sen, it appears that Eden is what we call an excellent bet: with very little down side but huge upside.

Net asset per share is 74 sen

Don’t forget Eden 20 MW hydro power plant in Kelantan!

Now too late for building yet another glove factory! Very likely to be slaughtered by the existing big players in the future scenario of declining demand and increasing supply.

Slow but very steady climb. Market looks to the future not the past or even the present.

It is true this is a good company in the right industry with good growth and future prospect. However sadly the current stock price being depressed mainly due to the company issuing large number of unfairly cheap ESOS at only 59.5 sen to Directors/major shareholders .

Just look at the Airport. Price had been climbing up steadily! A good indication of air travelling coming back soon any time. Market looks to the future of at least 6 months ahead. The past and even the current state are already irrelevant.

Airport is getting bullish now in expectation of return of air travel any time soon as vaccination is gethering momentum but Air Asia seems to lag behind . However sooner or later Air Asia will certainly catch up. Time load up !

Westport with only 1 port currently has market capitalisation of rm 14.7 b while MMC with 5 + 1 ports plus other big biz has market capitalisation of only rm 5.5 b . Go and figure it out.

Those who are rational and knowledgable with the right temperament will always attract fortune

What makes this arbitrage game is lucrative is the very low funding cost which are readily available.

The smart big boys and fund managers are very likely playing this risk arbitrage game! Such opportunity doesn’t come often. Fortune favours the brave ones

If you have the fund, buying at the current level which is far below offer price of 200 is a good bet to make some gains with little risk.

If minority thinks that 200 is fair price, they will be paid 200. If minority reject as too low price, Offeror may offer higher price. If the offer fell through for whatever reasons, the price of MMC very likely remains over 200 as the intrinsic value is far exceeded the offer price of 200

There is no reason why Jaks will not exercise this option to raise its interest to 40%. The construction is already completed and the plant has been successfully commissioned and running. Hardly any more substantial risk left but only rewards moving forward ! I do strongly believe Jaks investment in the Vietnam IPP will be well rewarded in the coming 25 years.

This offer of RM 2 per share will depend on minority shareholders to reject or accept it. If the minority shareholders reject the offer, the Offeror has the option to raise the price to make the offer more attractive or abandon the offer altogether. If the Offeror really want to privatize MMC as the Offeror believe that it can create or get more value than the price offered, the Offerer will likely raise the offer price. The minority shareholders have to make the right guess on what will be the likely scenarios moving forward.

Agreed very likely there won't be any competing offer as the current Offeror has absolute majority control but if the Offeror really want to privatize MMC, the Offeror may have to up the offer price if minority shareholders reject the current offer price.

Singapore Exchange has recently changed take the over rule. The offer must not only be reasonable but must also be fair i.e. the exit price offered must be not lower than revised net asset value per share.

Just wondering why the insiders were selling?

Of course if the Offeror really want to take MMC private because it thinks MMC intrinsic value is more than RM 2 per share, the Offeror may likely have to raise the offer price in order to make the offer successful.

Major shareholders/Directors were busy selling may be to buy more cheap shares at only 59.5 sen via ESOS.

The worst thing that can happen to MMC when the free float is less than 25%, it will be delisted from Bursa and the minority shareholders will get completely trapped !

Don't ever try to be greedy. Best to move on looking for other undervalued stocks which currently quite a number exist. Choose an undervalued stock, make some money and repeat the process and you will be on the way to prosperity. Current pandemic offer good opportunity to those who are clear headed.