Annalists; You must remember they, or their controlling shareholders likely play play the shares. Note for example Public Bank on 08.06.21 put a Target price of 7.60 and were shouting TRADING BUY! Then on 10.06.21 (just two days later) they put a Target price of 4.45 and are called for HOLD.
If I was unkind I would suspect they were sellers at the time they were shouting TRADING BUY, But now they have sold, they are looking to buy back.
Zero credibility to these gangsters.

Have to wait and see if the VWAP is above 10.065. Good luck.

Interesting, Learn something new every day.

Yes, if the price is equal to, or less, than the average share price for 5 days before the strike date then if you still hold them then unit is automatically cancelled and your investment in them is burned.
If however the price of the mother shares is above the strike price, and assuming you have not already sold, then you have to either come out with huge cash to buy at the strike price or burn your paper your choice on that date. If you come out with the cash (bank draft) and buy coz the price is attractive you will have to hold for a while until the shares are actually issued to you, maybe a week to 21 days and you cannot sell them until they are in your name.

i3gambler, I have been looking at your numbers, very interesting. 300K units at 0.05 will have cost you 15K + brokerage and stamp. On paper you have a margin of 0.025c if the price holds as set out. However you would still have to convert the the 300K units at a huge cost which my guess is you are not planning to do to get that margin. If you hold and don't convert the 15k is burned so my guess is you must sell. If I'm correct and you don't intend to convert, then you along with many many many others will be more and more keen to sell as the pay up day gets closer.
I have a feeling the 2.5c margin may well evaporate if the mother share price does not stay up, or better yet get up near 12.00 target then you will make great money on your investment.
Two sides to the your coin your gambling, up to a complete loss on one side, or a great profit on the other. I think its not a game for investors, its a game for gamblers. I wish you luck.

'Nepo' TNB average shares traded is 3.2 million shares. Today just over 8 million shares traded! this was not a few hundred lots pump up. It took millions of shares to do this.

No dividend due till October and nothing has been announced to justify the price shooting up like that. If there is great news that has not been announced that would explain the sudden jump up then KLSE will sure get the fires ready to roast insiders chestnuts.

Be warned, Reap88 is right. :- https://www.theedgemarkets.com/article/cover-story-serba-dinamik-eye-storm

'Klsebursamalaysia' FYI both KWP and EPF are net buyers not sellers. Foreigners are net sellers of all Malaysian stocks due to the very poor roll out of Vaccinations in Malaysia. As a result of the mismanagement Malaysia's economy is expected to continue to fall further behind other countries in the region.

Thanks Brutus, but 9th June was the Ex date so its already gone Ex. Still no information as to DRP price.

Maybank posted their DRP forms on the 2nd June and I still have not received the forms. Post in Malaysia is not prompt or reliable! Maybanks DRP closes on the 16th, so I have run out of time. No choice, I will have to print out a blank form, do the calculations manually and hope I get it right and then courier it to them. Troublesome, risky and expensive! MUST send out earlier next time!

I hope RHB mail out the offer early. Maybank posted their DRP forms on the 2nd June and I still have not received the forms. Post in Malaysia is not prompt or reliable! Maybanks DRP closes on the 16th, so I have run out of time. No choice, I will have to print out a blank form, do the calculations manually and hope I get it right and then courier it to them. Troublesome, risky and expensive!

Does anyone have a clue as to when RHB is going to set out its DRP detail strike price
and offer?

You will be able to nominate how many DRP shares you take up to your maximum. So if you don't want to end up with odd lots you only nominate to take full lots. The balance will be paid in cash.

I don't think the DRP entitlement numbers have been announced yet. 'Zackmeiser' where did you get your info, and is it correct?

iHunter, Don't worry, people staying at home use a lot more electricity using fans, aircons, tv, lights, microwaves etc. I expect Tenaga may achieve gross revenue sales about the same if not more during lockdown, despite residential rates being lower per Kwhr. People in cars or schools or out and about are consuming no electricity. Even driving to and from work your not consuming any electricity for 2 to 3 hours a day. You watch as house bills creep up several levels on their rate per Kwhr billings.

https://www.thestar.com.my/business/business-news/2021/05/26/high-court-rules-sales-of-tv-boxes-infringe-on-copyright

Haha I don't but know someone that does.

No I'm not a rail or rolling stock person. All the info is available on line.
You are right to a degree GK works with its many foreign and local contractors, but its GKs roll to do all the planning and design work then contract the many contractors to provide an homogenous design and installation.
GK has to integrate all the works, supervise the on time deliveries, installations, integrations. To do all this they have a team of on staff specialist engineers hired from all over the world. GK had over 120 full time staff of its own and engaged many many contractors.
Like all big contractors (Civil and structural included) they work with an large number of specialist sub cons. At the end of the day its GK that has to deliver on time and on budget. Its a huge and very complex task. One screw up, by one small contractor and the whole project cannot work.
You can imagine if your turn key building a house, their are many sub cons. If the windows guy fails to deliver on time and to the right speciation, the contract fails. In the house case easy, just get another windows guy from down the road. But in LRT there are maybe only two or three contractors in the world, and each with their own designs and specs, one may be in France one in Germany and one in Canada, and its near impossible to get their different designs to integrate instead after design close. Not as easy and putting a brown window in by Joe instead of a grey one by Harry. As I said looks easy, just hire subbies you say... but not so easy.
Prasarana contracts GK to do all this and to contract with the many suppliers. Its GKs responsibility to ensure design, integration and delivery on time and on budget, a complete system that's safe and works reliably.

Oldwiseman in answer to your questions, the Systems includes all the software and the control systems for the operation and control of the trains. The software on the trains was supplied by GK and installation into the trains was done in China and Malaysia supervised by GK.
Systems also included; all electrical supply and installations, control room systems and all associated software and hardware (in LRT-2s case even the Control center building was built and supplied by GK). All software, checkpoints and interfacing for the safe running of the trains. It also included lightening protection systems, station hardware and interface (such as station monitors lighting and speaker systems). In LRT-2s case GK supplied and installed all main equipment for maintaining and testing systems and the trains including the special in floor jacks which lift the whole train. In Lrt-2s case GK also supplied and built the tracks and switchgear. Basically everything other than the basic civil and structural.
And no, Trains are not Systems. When I say supplied and built I mean it was included in GKs PDP contract as such GKs works.

Don't forget its shares in the Company and Prasarana is a bad paymaster many many months behind in payments that will go to the company and thus whoever gets ownership.

As I read it MRCB has to make an offer to buy out GKs shares. The catch 22 is that the price they offer they must sell at if GK chooses not to sell and to buy MRCB at that same price.

I'm sure GK will want to buy out MRCB. I also quite sure GK can tap lots of big boy partners that they have been working happily with for many years on other projects. Such companies as Sunway or Gamuda to name a couple that would jump at the chance to come in with GK to compete the LRT-3 project.

As I see it MRCB is now between a rock and a hard place.

MRCBs expertise is Civil and Structural not the complex Systems which is GKs area of expertise. MRCB may think they know it all, but they have never done Systems in such a project, just Civil and Structural. Throw a rock and you will hit a Civil and Structural contractor!

GK has successfully competed MRT-2 Systems top to bottom, Turn Key! I cant think of any other home grown Malaysian company that's done that.

Interesting times!

Second Dividend is due in October (as in 2020).

8.60 by EX date then drop back to 8.40 and then slowly grow back up to 9.00 by Oct when next Div is due.

AllyouCanBuy, the Answer is you can take 1,390 shares or any number less than that. Its up to you. When you receive your letter to apply for DRP shares you will fill in how many shares you want up to the max shown. Very simple process.

Sharez , you are correct.

Sorry your right. 9.30

Public Bank says BUY Maybank target 9.03. Good advice!

38.5c div will be announced after completion of AGM on 6th May.

AGM 25th May to confirm final Div 7.5c will announce just after.

1/4ly Div announcement next due in May.

Jump up today, and big volume. I suspect someone got caught by the shorts and had to buy to cover. Any other explanation?

Again:- What is happening? No date for new AGM, no announcement on Dividend, no info on DRP pricing, no Ex date, no payment date. Does the Board not know that markets do not like uncertainties. See what's happening to the share price!

Minority shareholders got raped!

Dividend yield a very sad 1.12% !

What is happening? No date for new AGM, no announcement on Dividend, no info on DRP pricing, no Ex date, no payment date. Does the Board not know that markets do not like uncertainties. See what's happening to the share price!

AGM re-scheduled... ok... give us a date.

Sh__ happens that is beyond the Boards control! Take off a few heads to set an example and to ensure this shi_ does not happen again. If it does, then the Board must take responsibility.

Every Maybank Dividend in recent years has had a DRP element except on rare occasion when the share price is very low, and on another the DRP was cancelled when the share price moved lower than the DRP strike price.

Nothing is free in this world for long. Currently its free because its stolen, copied without paying the producers of the movies. Most country's have banned this (including Singapore), Malaysia will soon also.

Dividend Reinvestment Plan whereby you have the option of taking all cash, or of reinvesting part or the bulk of it in more Maybank shares at a discounted price.

I expect automatic approval at AGM, then announce with DRP pricing in mid May, then early June for payment date.

Its likely the First Interim Dividend (likely 1.5c) will be announced at the end of May and paid before the Final Dividend, so more than the 2.5c to look forward to.

The Final Dividend 2.5c needs to be approved by the shareholders at AGM, but its a rubber stamp as they have already announced the amount. Normally the Final Div for Astro will be paid end of June early July.

Sslee, I forgot to mention MMC, it was MMC-Gamuda-George Kent-CCC JV.

MMC-Gamuda-GK-CCC jointly spent a lot of money preparing truck loads of engineering studies surveys and feasibility studies for the MRT-3 Tender. I believe these very expensive studies involving many 3rd party consultants (not cheap) which had already been submitted to the Govt before the project was put on hold. I think it highly unlikely that Gamuda would, or even could walk away from MMC, GK and CCC using the millions of ringgit in studies for the MRT-3 bid that they they jointly developed and commissioned for the MRT-3 project.

GK was prime Systems contractor for LRT-2 line successfully completed and highly acclaimed.

GK JV with MRCB 50/50 for LRT-3 turn key contract with GK leading in Systems and MRCB in Structural.

GK-CCC JV are systems (track works +) sub-contractor to Gamuda for MRT-2.

I believe GK remains the leading Systems contractor in Malaysia.

Gamuda - George Kent - CCC JV were the prime contenders for the MRT-3 Project. I am not sure their exclusivity agreements will still be in place. As its less then 5 years since the project was postpones (which is normally the expiry of such agreements) I think there is a chance that the JV exclusive Agreements are still binding.
As the MRT 3 project involves a lot of tunneling I expect Gamuda will need to be involved, as such I think there is a good chance for GKs involvement. Remember, GK is a sub contractor to Gamuda on the MRT-2, so even if the JV Agreements have expired there is still a high chance for GK to get some System works sub contracts.

Shipments already sent will likely have been paid for (CIF or FOB). Losses on them will fall where they may. However, customers will not like it and be very unhappy that Top Gloves caused them large losses. I doubt they will just let it go. If Top Glove does not make good their losses it better engage big teams of US lawyers.
I have not shorted Top Glove, and personally I think shorting should be banned. To easy for the big boys to cause market drops. For example easy for big players to exert pressure at home to have Top Glove banned in their markets. You think Malaysia is the only country were politicians do big business bidding?
My warning on the clear potential risk EU, UK following USA ban on Top Glove and that this would be fatal is a warning only, you can take it or leave it.

USA was 25% of Top Gloves market. USA was premium pricing the icing on the cake. That 25% lost sales will have to go somewhere. The USA premium price market is lost for now, so Top Glove will have no choice but to redistribute 25% of their production into cheaper markets. This flooding on the secondary markets will not only drive prices down in those markets. Double whammy!

There is a danger Top Glove will loose its rating and this will impact cost on it borrowings.

However the above all can be survived, the killer danger facing Top Glove now is if EUR and UK follow USA in banning Top Glove! If they do this Top Glove may not survive. EUR UK and aligned countries may do this as they have done with China cotton. Top Gloves production cant all go to Africa and Middle East? EUR may have no choice as the world looking on at the China cotton ban and rightly asking why not Top Glove? Double political standards?

Top Glove needs to go into emergency action to fix their poor treatment of workers and bad management habits or it will not survive. Malaysian authorities must get more involved as these bad habits reflect very badly on all hard working Malaysian companies.

https://www.theedgemarkets.com/article/astros-4q-net-profit-21-lower-financing-costs-declares-four-sen-dividend

1.5c is 1/4ly dividend, the 2.5c is final for 2020. The 2.5c will be confirmed at AGM only then you will see it posted on KLSC rubber stamp process. Same as Maybanks 38.5c and RHBs 7.6c final dividends, both announced by not yet posted. I expect the 2.5c to be May or June payment.