Minimum 65 sen special dividend anticipated.

It is in my strong belief that the investment in the Nomura i-income Fund is earmarked for distribution as dividend but was forbidden by Bank Negara until MphbCap totally exits from insurance business. The RM460 million from this fund will pay a dividend of 65 sen per share.

The disposal consideration for the insurance unit is yet to be announced (possibly around RM500 million?) while the fund upon liquidation would raise at least RM460 million. In total the disposal amount could be close to RM1 billion.

After studying the latest Annual Report I am beginning to understand better. As per note 37 in the Annual Report, the units of discontinued subsidiaries comprise the insurance unit and a Nomura i-income Fund. The net assets of the insurance unit is RM721,288,000. 51% of that is RM367,857,000. The net assets of the Nomura Fund is RM742,878,000 of which RM455,892,000 is attributable to MphbCap. I believe this is a bond/money market fund.

@aklobi, AGM is next week on 25th May.

@Johnzhang, as at 31/12/2021, cash and investment securities amount to only around RM300 million.

So quiet here.

In June last year Generali already announced a proposed estimated purchase consideration of RM690 million for both MphbCap and Affin insurance units. For The Edge to state that the disposal consideration for MPHBCap's unit is a mere RM330 million is so laughable and borders on fake news.

@Johnzhang, what happened to the RM700 million over the past 7 years since 2014?

In 2014 MphbCap sold 49% for RM355 million. After more than 7 years of profitable growth The Edge writer thinks the balance of 51% will sold for RM330 million. Hahahaha.

According to The Edge freelance writer Ms Poo (Shit?) the disposal proceeds is RM330 million based on her calculation.

12.5 sen dividend coming.

I see value in Reach. Only the substantial shareholders are weak.

Go, go, go Reach, make us rich. Haha.

Go, go, go Mycron.

The Edge is most of the time full of shit.

Hahahaha, Mycron not on RSS or IDSS list lah, any short selling automatic buying-in at 10 bids above last done price.

Best closing so far this year.

Go, go, go Mycron.

@speakup, hahaha, you also know Leno?

PA doesn't pay interest, PA pays preference dividend. Dividend is only paid if there's sufficient distributable profits.

If 75% approval required then there's no certainty disposal will be approved.

speakup, what happened to your cute cat photo?

Disposal of core business needs only a simple majority of 50% plus one share.

@Johnzhang, if you study the latest Annual Report for the year ended 31.12.2021, most of the initial RM300 million plus disposal consideration have been invested into investment securities and unit trust. There was only RM8.5 million cash at bank outside the insurance subsidiary.

MPHBCap has yet to announce the disposal consideration, so can't really compare with Litrak.

@speakup, you mean to say SCGM is almost worthless after getting back RM2.21?

SCGM share price tanked.

@Johnzhang, I am also waiting for the announcement first.

Some companies are fair and generous to minorities.

Net assets of insurance subsidiary @ 31/12/2021 RM1,200,977 X 51% = RM612.5 million, round upwards to RM620 million.

Proposed disposal of vacant leasehold land together with buildings for RM15 million will bring in 8.44 sen EPS.

Bought today at 34.5 sen.

Go, go, go MPHBCap.

30 June 2022 is AGM not EGM.

Suspension for only one hour.

Bought at 4 sen.

@ aklobi, that's what LouiseS posted.

AFFIN BANK: The 8th largest bank in Malaysia by market capitalization, is it worth investing in?
AFFIN BANK BERHAD 2021 Annual Financial Report Analysis
https://youtu.be/gaymhmizz6c

Didn't buy today.

Melewar is a holding company steel counter. All its steel business is done via Mycron.

Macai refers to associates/ friendly parties.

No worries, my cost only 38.5 sen.

@apple168, how could have bought at 0.63 today if the lowest price transacted was 0.635?

Postponed due to Russia invasion of Ukraine.

Should be sell warrant, buy mother.

Congratulations to all who continue to profit from Rubberex. I have exited last week, made total over RM13,000 gain.

Bought Masteel at 36.5 sen.

Didn't anticipate Dow Jones would fall over 900 points on Friday.

Bought at 37 sen.