@Alfl3 assume end of financial year in August 2023. Pay out Sept 2023

The management is slowly clearing up the seller in the market. I just holding on with my stock with expectation of min 5 sen per share dividend for reinvestment

For a company with net cash and equivalent of about RM1.50 per share , buyback share below 1.50 will always be a good bargain.

Seem like almost clearing all the selling below RM1 and buyback moving into 1 to 1.05 region

Dividend announcement will be during QR by end of Feb. I'm expecting 3.5 to 4 sen of dividend. Full year 8 to 9 sen

looking good and hopefully the momentum from the Share Buy Back continue .

Not Mulpha ?

With the volume accumulated daily , still long way to go to get to 10%

A good move by the management to perform share buyback. Hopefully can continue to clear up the weak holder in the market and pave the way for strong rebound when market sentiment turn positive in the future.

I glance through the balance sheet of both FACBIND and Eksons. Both assets mainly in cash or quoted investment and smaller portion in land for development which reflected the value. To push the stock price to next level , management need to use the cash to venture into new business or pump up their property business to improve the performance.
MPHBCAP beside the huge cash pile , the under value land will be an advantage. The stock price will much depends on how the management unlock the value.
Among 3 , I will go for MPHBCAP with higher upside surprise

Mainly in cash and short term investment worth slightly above 1B and undervalue asset.
If continue absorb share through share buy back , the share price will go up

Still too early to conclude post insurance disposal performance of the company. Worth to hold on and monitor for another 6 to 12 months. The share buy back from the management very encouraging.

I have a portfolio of 10 to 20 counters in hand. MPHBCAP is one of the stocks. Switching within the stocks using TA.

I yet to buy any using the capital repayment proceed. Only hold on with my shares accumulated so far.

Kind of encouraging to read the news of share buy back today.

Money in the account. Take short term opportunity on other stock before coming back to MPHBCAP

16th Nov or 17th Nov should be in the bank.

Waiting for money from capital repayment to action next week. While waiting , hybernate 1st

#1 BPlant
#2 YTLREIT

After receive the capital repayment , can reinvest either into stock # 1 , stock # 2 or MPHBCAP.

I was lucky to switch over 2 stocks since May 2022 to MPHBCAP.
1st stock today at -40% and 2nd stock at -9% while MPHBCAP at +8% based on today closing price.

Market in negative sentiment. No catalysts at all. Stock price npt going down consider very lucky already. Just imagine if sold away MPHBCAP few months ago and switched to other stocks , what will be the delta now ?

30sen , 45 sen or 90 sen it doesn't matter to me. As long as I put my money in cash rich companies that continue to pay dividend , I will be able to accumulate along the way. Couple with the cash pile sitting in bank waiting to take advantage of any margin call incident , once the market rebound , will be hefty return.

If below 0.90 , capital repayment all in for MPHBCAP. Grab few hundred K of MPHBCAP.

As of now , should be 1.44 - 0.4 = 1.04

Good luck everyone. After capital repayment , stock price will strongly depends on show time from the majorshareholder and management

*cash

The stock price need to adjust down by 40 sen during ex date to reflect the capital repayment of 40 sen. At RM1.03 , will be a bargain as the case per share by it self already RM1 and yet to factor in the huge value of the land.

Approval granted

This announcement is dated 5 October 2022.



Reference is made to the Company's announcements dated 18 May 2022, 20 May 2022, 27 July 2022, 29 July 2022, 19 August 2022 and 30 August 2022 (collectively "Earlier Announcements") and the circular to the shareholders of MPHB in relation to the Proposals dated 28 June 2022 (“Circular”).



Unless otherwise defined, all defined terms used in this announcement shall carry the same meanings as defined in the Earlier Announcements and Circular.



As advised by the Company’s solicitors and on behalf of the Board, AmInvestment Bank wishes to announce that the High Court had on 5 October 2022 granted the order confirming the Proposed Capital Reduction and Repayment. The sealed order will be extracted and an office copy of the order will be lodged with the Registrar of Companies for the Proposed Capital Reduction and Repayment to take effect pursuant to Section 116(6) of the Act.



The effective date of the Proposed Capital Reduction and Repayment will be announced in due course.

Goh123. No longer under the strict rules of BNM.

Good Luck everyone , stay cool.

My view. Simple calculation.
SU will receive about 13MM of dividend. If he can increase his hokding by 8MM to 9MM shares , will get to 270+MM shares.
He will receive about RM110MM from capital repayment. If he can up his holding to above 350MM , with only 365MM in floatation , then above RM2 offer for privatation highly possible with MPHBCAP cash in hand. He will able to take the company private without any fund from his own pocket

Good sign.

22nd and 23rd Sept added up more than 100k shares. About 80% of the shares transacted.

It will be a tussle between the majorshareholder and minority shareholders. Depends who more eager. If minority holding firm , Surin will need to raise the price to increase the holding.

NA should be 2.20. Just be patient. Wait for the majorshareholder to play their game

Casi Management updated Bursa of 32,700 shares purchased on 21st Sept. On 21st Sept , 38700 shares transacted , closed at 1.43. Let's see any further announcement of share purchase in next few days.

Indeed. At RM1 , very attractive as cash in hand already RM1. Yet to factor in the value of the landbank. Any corporate announcement will drive the stock price up. My strategy for MPHBCAP is reinvestment to increase the holding. Once hit my target price or opportunity from other stocks , will sell all.

After capital repayment , everything possible with at least 700MM cash in hand. The indicator should be share buy back.

Don't be pessimistic during weak market. Stay firm with your strategy

Market performance quite weak recently. Many stocks in negative territory. MPHBCAP holding firm in term of stock price at thin volume. For the past few months , I continue to increase my holding in MPHBCAP through dividend income and switching from 2 others stocks. One currently at - 40% and another one at - 5%.
I'm looking forward for the capital repayment / dividend to reinvest taking opportunity of the weak market sentiment

Attended EGM few months back for voting. Management updated that if capital repayment rejected by high court , will pay as dividend. The money is coming. Expected timeline announcement mid Oct and payout in mid Nov 2022. I think announcement coming soon.

Good Luck everyone. Looking forward for a brand new MPHBCAP from tomorrow onwards. I increased my holding by 56K shares last week.

Interesting situation now. Bidders waiting at 1.48 for other to sell. Volume getting thinner. Cleaning up weak holder and getting ready to push up to next level ? Clean up the weak holder stage by stage ?

@endgame

Myself I'm quite happy with the 45 sen capital repayment + dividend

After insurance disposal , either further cash distribution , M&A or kick start property development projects will be ok for me.

If cash distribution , can cash out fast

If M&A or JV property development that unlock the value of the asset , will be longer term holding but the return will be far better than cash distribution.

So , I hold on and accumulate more if price going down for short to mid term investment

@joezhang

Thanks for the sharing. Quite interesting info.

@ JoeZhang

The credit business about RM100MM. The cash flow quite uncertain with default in payment and on going legal action

@TheContrarian

I used simple method of calculation as I not sure how far the overlapping between MPHBCAP asset vs Insurance business asset

NA after disposal = 2.82 per share

Net asset = 2.82 x 715MM = 2,016,300,000

From QR 31st March 2022

Asset = 1,362,973,000
Liability = 33,588,000

Net asset excluding insurance business disposal = 1,329,385,000

Adjustment from insurance disposal
= 2,016,3000,000 - 1,329,385,000 = 686,915,000

Total cash and invested security

= 686,915,000 + 274,139,000 + 4,957,000 + 17,313,000 = 983,324,000

Remaining will be equipment , property , receivable , intangible asset etc.

For the past few weeks , observed that MPHBCAP has very strong support at 1.48.
If going below 1.48 , I'm considering to switch fund from my other stocks to increase my holding.