After I sold off all my MAA at 1.04 i used all the proceeds to buy into MNRB at 95 sen and two days ago sold off at 1.03. So effectively I made another 8 sen. Hahahaha.

MGO is triggered when 33% level is breached. Already 55% no more MGO, can do either VGO or SCR.

Danny123 will probably return soon.

Wow, you made 100% from SCIB, congratulations.

What happened to SCIB?

The dissenting minorities were too arrogant. You can't just vote down the SCR knowing that there will not be another offer from the Offerors for at least 12 months. The only solution was to request for an adjournment to the EGM to give time to the Offerors to reconsider improving the offer.

KYY buying Toyoink?

The money raised from the rights is been slowly used for various acquisitions. So far, the acquisitions are start-ups, so little revenue.

I asked a question whether there's massive properties impairment. You didn't see the question mark??????

Wow, there's going to be an explosion.

Latlut, I don't know what's going on. First OLH sold off-market 33 million shares which is not a good sign. Then, surprisingly price collapsed. Now OLH has bought back one million shares over two days. I am staying out unless I can get at 83 sen.

MLab announced acquisition. Wonder how the market will react to it next Monday.

I am very grateful to Melewar for proposing the SCR even though it failed. It gave me the opportunity to sell all my MAA shares at 1.04 for a 71% gain. Thank you.

83 sen coming?

Bought back Toyoink at 63 sen.

Hello, hello, hello, QR is out.

Public free float requirement is a listing rule of Bursa. If breached, there is a risk of delisting.

If already own above 50% there's no more MGO to trigger. An MGO is triggered when the 33% level is breached and the General Offer is CONDITIONAL on achieving above 50%. Refer to Datuk Tony Tiah's failed MGO attempt on TA.

Maybe Mr Sslee could check when the one year grace period expires since he holds some TA shares. I have none.

I think the one year period will expire sometime in September, only about 3 months away.

Datuk Tiah not allowed to pay above 66 sen until after one year but you can always pay more to buy.

Tortoise died already due to overdose of kangkung.

MLab current price too low to switch to other counters. This counter can easily push up when they want to do so.

Melewar already owns almost 40%, they just need another 10% support from other shareholders. At the AGM both directors due for reappointment were comfortably voted back.

Coming QR insufficient income, probably small loss again.

Liquidation of a company needs 75% shareholders approval.

Yes csan, Melewar can single handedly block any SCR, that's why we never hear of minority shareholders proposing SCR in any listed company. Even a hostile takeover attempt is difficult.

Anyone else except Melewar can propose a fresh SCR. Who is going to do so? Cipta going to do it? How much you are offering to take MAA private?

It was very foolish to vote against the SCR knowing that there's a 12 months waiting period before the Offerors could make another offer. What should have been done was to request for an adjournment to the EGM for the Offerors to consider improving the offer price.

Yes spot on, exactly 6 sen.

Poll results by value : 42 million shares (70%) voted YES and 18 million shares (30%) voted NO.

There are many other counters, cash rich and growing, some never made a quarterly loss, selling at deep discount.

No, because MAA will be loss making for some time which will depress market price further. Even if there's declaration of dividend, market price will always adjust downwards on ex-dividend date. Look at Dutaland, RM800 million cash but market price so depressed.

50 sen also I won't touch. My last purchase was made at 43 sen. All sold at 1.04.

Yes csan, those big, big minorities talk big only but can't propose a proper solution.

Now wait 12 months for fresh offer if there will be one.

How low will it drop?

People who dare not buy below RM1 failed to make money.

You just got in?

Go, go, go MNRB.

Five hours to go. Today's AGM and EGM will be very interesting.

Money is there and is substantially invested in government securities (bonds) to earn interest, value of investments which includes government securities shot up from RM6.3 billion to RM7.2 billion over the 12 months.

It's hard to understand the cash flow statement as this is a specialised industry i.e re-insurance and re-takaful.

I remember the last private placement price was around 13 sen and the loan stock conversion price was 10 sen.

QR loss?

Latest quarter MNRB made EPS of 12.5 sen, full year 19.8 sen.

RM3 not possible because the share capital has more than doubled after the recent rights issue. It will be a slow climb because market sentiment is presently weak unless they declare a dividend soon. Funds will then start buying. Anyway at below RM1 it is a buying opportunity if you have excess funds.

QR out.

Haha, no one dares to throw chair?

Massive properties impairment next QR?