Welcum back Leno. Insas cantek.

Reach has always been a laggard, the last to run and the last time it ran up to 0.51.

Insas cantek. Where's Leno?

Mrs OLH bought OSK shares at 0.96 on Wednesday.

SCR coming ..........

At the moment the SCR is pending SC approval.

Report will be sent to minority shareholders after EGM date is set.

Yes, I finally decided to buy back OSK at 0.94 last week. Yes, 3 sen dividend next month.

Go, go, go OSK.

Why for ten years you didn't sell? I never hold shares that long, the longest 3 years.

Lowest price I bought recently was 0.975. MNRB finally moving.

If dissenting minorities lose at the EGM their shares would also be complusorily acquired by the Company via the SCR exercise.

By the time the EGM is convened it would be too late because dissenting minorities would probably be outvoted.

Navinshah, that's why I have been saying you long-term minorities should gather a group and engage the Offerors and BOD.

Choivo,do you understand what's a Selective Capital Repayment exercise? You don't seem to have a clue.

Choivo, you didn't read the announcement that after the SCR exercise MAA's NTA pershare goes up to RM3.53? It's simple mathematics.

Why Danny Tan sold 1.5 million shares at only 81 sen?

Yes, due to losses no dividend.

Bought at 0.25

MAA price will be flat for the whole week unless SCR price is revised.

Anyone bought OSK at 0.94 last week?

Not bad, closing at 1.03/1.04.

OSK pays dividend twice annually. The total for the year is 5 sen.

Compared to Daiman and Selangor Properties' recent SCR, MAA's Offerors have a much lower shareholding percentage and face greater resistance from the greater number of minorities. The Offerors have SO MUCH TO GAIN from the SCR as their MAA shares will triple in value to RM3.53 after the SCR exercise. By doing an SCR, the Offerors don't even have to spend a sen to take over the whole of MAA. No matter how tough it will be for them, it is certainly they are determined to win because if they fail, someone might launch a hostile takeover as MAA is cash rich and over 60% of the shares are in the hands of minorities.

Don't be surprised if chairs are no longer provided in the forthcoming EGM. Hahaha.

The problem was each time dividend was paid the market price adjusted downwards for the dividend and couldn't go up.

Dividend only just paid out in January. Affin pays out dividend at the most only twice a year.

The first batch of MAA shares I bought was after the payout of the special dividend of 35 sen. So I probably received a total of 18 sen dividends on my initial batch.

That's why when these companies drop to ridiculous levels I would step in to buy like when I started buying MAA at 50 sen around October last year. My average cost for MAA is now 59.7 sen and SCR of RM1.10 is still a good deal for me.

ph88xing raised the best argument : Why can't MAA do a capital repayment for all shareholders at RM0.675 which will cost the Company the same total payout? That would be a fair deal for all.

A nominee company can appoint more than two proxies as they could easily represent numerous clients. Imagine a nominee company holding ten million shares representing ten million individuals each holding one share. Hahaha.

Someone with ten million shares can appoint ten million proxies to vote either Yes or No? Company will run out of ballot paper. Hahaha.

The Offerors are not decent people. If they can take over at 1.10 they will do it at that low price. They have failed us in the past 6 months by not paying dividend and by not doing a share buy back DESPITE having obtained approval at EGM to vary the utilisation of the remaining sale proceeds of the takaful business.

apolloang, you forgot my MAA super tortoise. Hahahaha.

Huntertee, it's going to be RM1.10 unless revised upwards. If Offerors think there are more than 10% dissenting shareholders, they will improve the offer. The Offerors have SO MUCH TO GAIN from this SCR exercise as the NTA of their MAA shares will increase to RM3.53 after completion of the SCR exercise.

Almost 168 million entitled shareholders. 10% of that is 16.8 million. Mr Balvin, do you and your friends have the numbers?

Bought at 0.94 today.

Their prices are falling for the same reason as MAA prior to the SCR announcement.

Kuchai/Sg Bagan/Kluang group of companies may be next to do SCR. I understand Ms.dompeilee has her fingers on them too. :-)

Hmm Ms.dompeilee, you had your fingers in almost every pie.

Blessing from tortoise now in heaven.

Tortoise now in heaven giving Cresbld blessings.

With deep regret, it is hereby announced that tortoise died this morning from overdose of kangkung. No foul play suspected.

The whole SCR process will take over 6 months even without price revision. Study Daiman's SCR which was initiated on 27/8/18 and payment only finally made on 14/3/19. The BOD of Daiman didn't meet the Offerors' one month deadline to accept the SCR and received an extension. This is a delaying tactic since Offerors and BOD are working hand in hand and gives Offerors time to scoop up shares from the open market via friendly parties who are actually buying up on behalf of Offerors from weak shareholders who desperate to sell for whatever reasons.

Added at 0.50.

Mr Balvin, I think they are planning to schedule the AGM and EGM on the same day. If for some reason the SCR failed, the usual approval for renewal for related party transactions, share buy back etc. will be carried out as usual.

Eh, dompeilee, I remember you saying that you only had 2K remaining from 2011.

Monday panic selling following Dow Jones' drop of over 400 points.

The SCR must be approved by at least a majority in number (50% plus one) and 75% in value in shares that are cast in person or by proxy at the EGM and must not be voted against by 10% in value in shares of the total voting shares.

Go, go, go Cresbld.