This MMC deal is a win-win for both the Offeror and the minority shareholders many of whom been suffering due to very depressed price for long time. Now this SCR provide good opportunity to exit, probably with some gains as well.

@Benhoben, you are absolutely right on many others talking about and doing so many MOUs but nothing materialized at the end.

Let us move on to other counters. There are many highly misunderstood and thus undervalued.

And those who simply believe such amours need to be examined!

Best just look at official stock prices ! After all we do all our transactions purely based on price, not based on other things.

No real need to know official result lah!

Any how Fortune Favours the Braves !

Official result has to be carefully scrutinized and properly audited especially in this case of some one taking an important and strategic company private. Some parties may even try to contest the validity of the whole thing. I am not suggesting in any way this is happening here.

Now the country is opening up, time to go for well deserved travels and funs. Thank you the Offeror and the minority share holders.

Very happy making some quick intraday gains.

Well done and well deserved to those who were rational and not listening to rumors and illogical arguments etc. Easy gains to them all.

If fails, the Offeror can now collect cheaper shares below offer price ! Big loss to minority shareholders.

Attend the meeting just to collect door gifts and quarreling with directors why no food to tapau ?

Companies should stop giving gifts as it attract wrong crowds, should instead give good dividends to attract wright people or investors

@Johnzhang. Most of attendees at AGMs or EGMs were for door gifts and foods ! Some companies make the mistakes giving gifts or food attracting the wrong crowds hustling into these meetings. Many bringing in all sorts of people as proxies to get maximum no of gifts!

@ValueInvesting, you caught them red handed !

Yes best to give your proxy to the Chair to vote on your behalf.

Never listen to any rumor in investing. Use your own understanding and be rational at all time.

Yes, if the Proposal fails, minority shareholders have more to lose and the Offeror may even gains by buying more MMC shares below RM 2

@raven, be careful it it fails for whatever reason price may even go pass the offer price!

Any how we all, except those that sold recently, are finally a happy lot!

@WenJun, I though you predict if it fails, price will exceed the offer price?

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

The Offeror has more to gain if this offer fails and the minority share holders have more to lose!

It seems if the offer fails, the Offeror may get to take MMC private via a longer but cheaper way. Very ironic!

@menotassossin. I agree on what you said. If SCR fails, the minority shareholders got nothing to gain but most probably will suffer loss. On the other hand the Offeror can buy cheaper than the failed offer price of RM 2. Take it private directly via share purchase at lower cost!
That is why I have been saying it is crazy to oppose the offer on the table now.

@Johnzhang, well deserved. You have done the most rational thing!

Relax, just enjoy the flight !

Exactly SincereStock. As non controlling shareholders, we will gain nothing by rejecting the offer even if we believe it is unfair. There is more to lose than to gain. If those who really believe RM 2 is unfair price then just buy whatever available now below the unfair price, no need to waste time and effort to just say it is unfair. Life is short, just buy it all below the unfair price!

Well always wise to remember what, Keynes, the great well known economist said that “In the long run we are all dead”

In investing or trading, it not whether you are right or even wrong is the cardinal issue. It is quite simply can you make money or not out of the market. We have to be wise to admit to ourselves that the market may not want behave exactly to our own wishes. As I said it is a complex adaptive system.

Finally in any market that include the stock market, we can only buy or sell at what the market offer not at what we think it should be priced. Market always disregard subjective individual opinions as the stock market, as we know it, is a complex adaptive system.

Why against the proposal? If we think MMC undervalued at offer of RM 2.00, we should have bought it all quite recently at much less than RM 1.00 or even at the current price of well below RM 2.00. If RM 2.00 underpriced, certainly current price is a very good bargain. No need argue not fair at RM 2.00, just buy all the available shares currently being offered for sale at much below unfair price!

The Offeror I believe must have done at the very least some homework before embarking to take MMC private as it is a large company with strategic assets, not just another small company in non strategic biz.
Earlier some years back, the same Offeror had successfully taken Malakoff in private in 2006 valuing the company some RM 2.6b and got it relisted later on.

At the current price level, it will make little difference if the non interested shareholders will vote for or against the SCR as the intrinsic value of MMC is way above RM 2 anyway. Any how there is no reason for these shareholders to vote against as it may cause the price to go down in the short term. But over the longer term, MMC price may finally reflect its true value.

Be careful of what you wish, you may get it !!!.

Returns on investments on new solar project are still attractive for those that have strategic edge or advantage like availability lands, cheap financing and good track records. The early developers like Cyparks will however enjoy very lucrative returns on each solar project over the 21 years period via REPPA with TNB

@wan161, yes Cypark can go up beyond 1.80 provided the management stop issuing cheap underpriced new shares via ESOS and Private Placements.

Price was depressed today probably due to listing of 50.6 m heavily discounted new shares issued from Private Placement at the issue price of only 92 sen

Yes trading below NTA but Tanco has seen a lot of interests for some time already, trading with big volume and, on plus, the controlling family continue to accumulate.

A huge achievement for a small company ! Well done Tanco

Tanco was awarded a contract to reclaim 120 acres of land in Melaka.

Cypark is still very much undervalued but unfortunately being pushed down in price mainly due to cheaply issued shares via private placements and ESOS to the detriment of other shareholders.

Continuous heavy volume indicates strong interest

Good things are now all in lined finally for Eden :

; 20 MW hydro power plant already fully rehabilitated and in operation
; 30 MW thermal power plant new PPA has just be signed
; Langkawi where most of the hospitality biz of Eden is located, is the first holiday destination to
be opened
; Our political situation is now stable
; And finally the "right" people still in power

What more we need to expect ?

Those willing to wait will always be rewarded !

A bit similar to Cypark, where it has to invest money in the projects and collect the steady and robust cashflows later for a number of years. Excellent biz model as it gives a good and steady return on investments.

It is not so much due to the bonus issues but to the intrinsic value of the stock itself. Pestech is well respected in the industry it is in and doing good excellent job records.. The stock is still very much unappreciated and undervalued. Any one who is familiar with its biz and biz model will understand its realistic value. Sooner or later, real value will appear, with or without bonus issues.

Sorry Intangible Asset value per IC 12 not tangible value.

"The recoverable amount has been determined based on value in use calculation using cash flows projections covering a period of 21 years (2019: 22 years) from financial budgets approved by the directors.
The Group believes that any possible change in the above key assumptions applied is not likely to materially cause recoverable amount to be lower than its carrying amount."

Above is an extract from Note 6 of the latest AR of Cypark on the waste to energy project. Hope it can help to address your query on the valuation and impairment, if any, on the tangible value of the waste to energy project.