The above argument provides the logic behind the rise of the both market prices of Mycron and Melewar as both shareholders benefit from this arrangement should it be proposed.

A privatisation of Mycron by Melewar at a fair price to minorities would be a win-win situation to both Melewar and Mycron's minority shareholders. Melewar gets complete 100% control of Mycron, the 26% balance taken over will enhance Melewar's own NTA. Minority shareholders get to exit at a fair price above the market price. In order to have sufficient take-up rate of any SCR, the offer price has to be above the highest market price in the last 12 months.

If Melewar sells off Mycron as someone speculated, Melewar will be without an adequate business and will fall into PN17 classification as has happened to MAA (a related company of Melewar) several years ago resulting in all investment funds exiting from MAA as investment funds are barred from investing in PN17 classified companies, causing market price to collapse. Mycron despite having recording impressive earnings have not declared any dividend since December 2010, more than a decade ago! My hunch is that Melewar preserved Mycron's increasing cash balance to utilize it to buy out the 85 million shares owned by the minority shareholders via a Selective Capital Repayment (SCR). Mycron's cash balance has ballooned to RM110 million at end of December 2021.

At current price of 79 sen KPS is a bargain for an above average dividend yield share (4.5 sen annually) with low P/E ratio and huge NTA safety margin.

@Johnzhang, I really don't know because I am not familiar with the people who control MPHBCap. I only bought into MPHBCap several months ago. My hope is of course for MPHBCap to distribute the proceeds as much as possible as special dividend/capital repayment. I believe market will respond positively to a big payout.

The price consolidation last week was to shake out the weak retailers. It is only a matter of time before price climbs beyond 80 sen and march towards 90 sen. Have faith.

Melewar owns more than 74% of Mycron, its only significant subsidiary. Without Mycron, Melewar is nothing as the other subsidiaries contribute little profits. Only about 85 million shares are held by minority shareholders. On Friday volume traded hit almost 24 million shares (20 million in the first session and 4 million in the second session) and share price after racing to a the peak of 69 sen did not fall below 63.5 sen. This indicates that the selling by stale bulls (retailers who were stuck at above 60 sen) and profit taking (by retailers who bought below 60 sen) were well absorbed.

Pricing is subject to adjustment and there's the issue of what MPHBCap intends to do with the sale proceeds ...... how much to be paid out as special dividend and/or capital repayment, acquisition of any new business. It will either excite or disappoint the market.

No formal announcement yet means price will likely to continue to rally. Rumours have resurfaced that Melewar might privatize Mycron but at what price? Monday will either see a short price consolidation or another speedy climb up of price on huge buying volume like on Tuesday and Friday. My feeling is that price will eventually run far.

It's a done deal, only pricing to be announced.

Yes, nice closing. Hopefully will breach 70 sen next week.

Bought at 38.5 sen, sold at 67.5 sen already made a gain of 75%.

Who wants to buy from me at RM1?

Go, go, go Mycron.

Sold a bit at 66 sen this morning.

Sold a bit at 67.5 sen this morning.

Go, go, go Mycron.

Nice closing, hopefully will breach 60 sen tomorrow.

Go, go, go Mycron.

Go, go, go Rubberex.

Last minute push up. There's still no strong support.

Nice closing.

Go, go, go Mycron.

This one small free float, easy to push up high fast. There's always the privatisation rumours that come and go.

I hope to see it take out 60 sen first. I haven't set any TP.

Melewar owns almost 75% of Mycron, can take it private easily.

Go, go, go Mycron.

Long time ago, haha.

Go, go, go Mycron.

@Mikecyc, 3 am is Leno waiting up for you not me. I don't come here at 3 am.

Hi Mikecyc, any stock recommendation?

Take some profit at 33.5 sen.

Go, go, go long neck SYF.

Collected at 38.5 sen, go, go, go Mycron.

Having sold at 80 sen yesterday I will buy back if price falls to 72 sen.

@Mikecyc, I was hoping that without Leno in this forum we could have some peace and quiet but then stockraider come to kacau.

@newbie_2016, any erection is good. :-)

Reach suddenly got erection.

Hahaha Mikecyc.

RM180 million is the net receivable after deducting loan?

Another day of lovely closing.

Looks like engine in second gear only.

Insas short position remains same at 1,394,700 shares.

RM360 mil for KPS's 20% stake?

Go, go, go Rubberex.

KPS will benefit from disposal of Sprint.

It has to do with Sprint?

Leno wants to love talk with you Mikecyc lah; not me.

Something is brewing?

Also LTAT appears to have ceased selling down.