Not single controlling owners. They might have agreed on certain % holdings earlier among themselves and not easy to do that via mkt. I won't be surprised many of the buys and sells u see on your screen are theirs. Hence, I am not too concerned about the MMAG-induced weakness.

If history is a good guide, then it is difficult to catch them that way. As far as I can remember (since the 90s, and I am sure earlier too), such activities have been around, and I can't recall any big syndicates nailed.

My observation: Every time when u see a warrant trading at huge discount (20+% this morning for WB), usually it is due to major shareholder dumping wholesale to suck in "bargain hunters".

The churning up of the mother share is to facilitate the above. I will not be surprised the major shareholder has disposed all the warrants today. Except for a brief bounce, if any, there is a good chance MMAG will be finito stock for a while.

Don't catch this falling knife and keep your fingers.

Those are converted from ICPS, usually for control purpose cos conversion ratio is 1:1 but need to pay an additional 54sen/share. Otherwise it will be automatically converted at a ratio of 1:10 (dilution) on expiry date.

I really don't know how u get the idea that mother share has to be pushed up. Of course it is still possible if u r lucky but definitely for different reason.

I do not like the 2 recent transactions, but luckily their size are not big enough, as pointed out by beluga, to be a big drag. So long as there is no more transactions to keep reminding people of the past acquisition-related bad memory, I guess buyers will come back eventually because the stock is really "cheap" on various fundamental metrics.

I believe no one here can answer your question. Your guess is as good as mine lol

Interestingly. KTG was pumped to near RM2 also and then mati all the way. The boss likes RM2?

WB was trading at 20+% discount this morning. Cheap chicken got poison lol!

Today's pump on MMAG mother is a way of clearing the WB - my 2 cent

They did the same thing to KTG 1.5 year ago. MMAG is finito for a while, which KTG has already gone through and is recovering from. I won't be surprised the owners have cleared all the warrants (1+ year to expiry) today. If u study the last AR of KTG, u won't find owners holding any warrants.

Oops! Curry rice awaits me!

Recovering...luckily I went to live in "police station" in the short term!

While I think share price will move higher, I don't buy @investisthekey's reasoning. When I first read it, I was wondering "like that also can ah?" lol

Why show time?

At least MMAG related group of companies are better than the KV related ones in the sense that they are doing real biz. FYI, foreign markets are not that great beyond the facade they put up. The so-called hedge fund managers are essentially syndicates that wear expensive suits and can spin more refined stories!

At that time the land was acquired at deep discount to appraised value!

Ya right Pingdan. Remember the Johor land deal that put the stock in coma for how long?

Just look at the BCC transaction, the results were disclosed up to FY19 only. You should ask WHY!? FY20 results should be A LOT WORSE than FY19 due to Covid and the nature of the cruise biz. By now 4Q20 and FY20 results should be available already. Omission by convenience or they just try to avoid shocking minority shareholders?

TSSM has a lousy track record when it comes to looking after minority interests.

Transactions pace picking up. All it takes is one lousy deal to destroy confidence....

I like this quote from a friend, "so scared go live in police station!" Just kidding for an otherwise so so day...

Can't be that many dumb people. They may know something we don't....Hmm....

Om...good advice

Like that ho seh liao! Huat ko your source chun or not?

I am very allergic to "bail-out" type of transaction. Kena kow kow on UEM during the 97-98 crisis...The current one smells a bit, but not so bad...

My apology if what I wrote has hurt your feeling. Perhaps adding "CF" in front of "lesson" would sound less condescending. Seriously, I think you guys have gone on the wrong analytical track. Don't take my words for it. Check with your investment specialist (FMs, analysts, investment bankers or accountants) friends re what I said in multiple posts earlier. I wish I could explain better and clearer. All the best and take care.

Here we see a bunch of bulls living in their own alternate universe in which corporate finance rules do not apply. The market will teach them a lesson better than their uni professors. Mark my words.

My 2cent: Consolidation within 2.00-2.30 till end March, and take off in Apr. Probably got the idea from dream...

We are at early stage. The way the stock had been punishing investors/traders over the last 1-2 years, many traders (I believe) could have been shaken out on slight pullback yesterday, we should try not to be one of them lol. Om....UP!!!!

Hope the BBC transaction is not a case of MMC bailing out Boustead Holdings. Let's see what analysts say on Monday. Don't know enough to express an opinion...

Share price has hit new low post takeover, and yet no question about whether your analysis is on the right track?

Highway to heaven!

https://www.reuters.com/article/metals-tin-ahome/column-no-relief-for-turbulent-tin-as-supply-squeeze-worsens-andy-home-idUSL8N2LF3EL

THE DLA RETURNS

The Defense Logistics Agency (DLA) has cottoned onto what is happening in the tin market and, as reported by Fastmarkets, is preparing to sell its first metal in a decade.

The DLA accumulated tin stocks in the 1960s and 1970s as conflicts in Korea and Vietnam heightened concerns about strategic supplies.

The Agency turned seller in the closing decades of the last century. Its last major sale was in 2007, when the tin price was also on a surge, the rally topping out at $25,500 in May 2008.

The current tender is for just 40 tonnes of tin but the DLA may only be testing the waters. As of last September it held 4,015 tonnes of metal, according to the U.S. Geological Survey (USGS).

The tender comes with a disclaimer about the potential weathering of the tin, but with imports still back-logged there is not going to be a shortage of bidders.

DESPERATELY SEEKING TIN
It remains to be seen whether the DLA’s sale is a one-off or the start of a campaign, but it’s not going to be enough to move the global supply dial.

Who in the right frame of mind would trade the warrants given the lofty 60sen ex. price and two weeks time to expiry? Huge traded vol for the last 2 days. Either they know something or they are plaid mad!

Drop 0.5sen can lead to the above responses. I sense many unsteady souls out there lol

I think u like 1.40pm lol

abcd, I agree with your first TP, and hope for the second TP!

I have traded the mkt for 30years, and yet to master the just-in-time trading technique for profitable contra!

Everybody likes LU. Guess I am too old fashion!

Depending the style you prefer. To me, I think it is better to buy ahead of volume if you are really confident of what is going to happen. Profit margin is better that way. Of course, if you re too early, you need to pick up...

Slow & steady - good!

MMC vroom vroom...last call...the train is leaving the station...

It seems the share price is merely mapping out a flag pattern, which is usually a continuation pattern. Lower volume at this stage is normal, and I wud not call 20+m traded vol as Zzzz. When the flag breakout comes, which I think should happen soon, trading fun will return...

Then can go up for many more days without kacau from Bursa

I prefer to see no LU!

My guess only yeah...no guarantee. If hit only 30sen, I will visit Penang for Holiday. If 40-60sen, I am aiming for Gold Coast lol

Then keep and pray! I think can aim for 40-60sen

100 lots of ICPS? or mother shares?

Let's think of it this way, if you are a minority investor, u might as well buy the shares directly.

The parties that convert the ICPS at 54sen cash + 1 ICPS obviously know something that you and I don't.

Don't be a sin kah. Cheng chiak gong, gong chiak ti kong!