Unfortunately Fahmi my eloquent response to your question was removed because the obsolete filter programme of this blog site probably deemed certain words as profane without being able to see the context and the big picture of the message.

Don't get your hopes up too high KL lady as it's likely a cum-dividend play.

I'm worried about the property sector of the business

I was doing a mental calculation of the cost of the AGM - a rather sumptuous meal washed down with a good quality apple and a bottle of mineral water plus a RM100 prepaid card. Multiply it by say 1500 and add with hall rental, the cost can easily hit RM250k!

Sometimes such deals are used to push up prices.

It's supposed to be the best quarter because of CNY.

Q2 runs from Aug - Oct. I believe it's still May.

I attempted at 3.01 but did not strike. Not to worry, I shall live to fight another day.

I was distracted by the discounts galore on other counters so I spent most of my bullets on Paramount. KJ is more a long term play & I'm watching it closely brother Yip.

Take the bull by the horns! We could start off by subscribing to Digi (unless the coverage is not good). That'll go a long way towards weakening the competition.

Price is drifting downwards by the day. No smoke without fire so I'm mentally preparing for the worst.

EPF seems to be on a disposal binge of late. Maybe it's the pathetic dividends that's putting them off. Can't think of anything else as the company seems rather well-run.

I'll be there to catch KJ if she falls to 3.12. Come on baby - daddy's waiting!

I feel sorry for Maxis as in all fairness, their support service is good. However I can't help it but support the business which I own a part of.

i thought so too. In fact I raised the question to the board a few agms ago as to whether in their opinion, Toto is a defensive or recession-proof business but they were non-committal.

The bad news is I'm sustaining mark-to-market losses. But there's a silver lining ...
The good news is that my average cost of acquisition is declining.

Ok I've put my money where my mouth is & have registered my entire family with Digi.

Not bad, for RM68 you get 3 gigs with the ability to carry forward up to 1 gig. Also unlimited free calls to any network.

Compare the following fundamentals based on 4 May closing price:
Price PE DY
Digi 4.39 19.8 5.0
Maxis 5.55 23.9 3.6
Axiata 5.57 18.9 3.6

Which is your pick?

Let us all in this chat start off by changing our network to Digi. This mass show of support is far more beneficial to us shareholder than some little exchangeable gift points.

The reality is that the service is so highly commoditised and competitive that these mobile networks do not have much room to manoeuvre without significantly affecting their bottomlines. If we en masse subscribe to Digi, it'll go a long way to help wipe out the competitors.

So looks like EPF will make a neat profit by shorting large chunks with the onset of negative news and now scooping them up again.

Does anyone in this chat think that Webe of TM can take a big slice of mobile market?

I'm doubting a good quarter & that's reflected in the share price. You know la - insiders taking advantage

It's price-to-book is very attractive

Magnum ice cream is performing better than Magnum lottery

EPF is gobbling up Digi again

Thanks Clarence - I believe the recent amendments to the companies act among others, removed the notion of "par"

Now I have none

Only have 1 bullet left

Aji is defying gravity !! Irrational exuberance??

You could be right since the quarter straddles CNY.
I think it's just a spike as I'm not optimistic that such performance can be sustained.

There are counters like Aji which were or are undervalued due to lack of liquidity. Maybe if you give me your email - we can share opinions

I thought my profit was handsome but yours looks fatter. Mine was averaged at 4.53. I've sold most & shifted to other shares.

My gut feeling is that this March 2016 quarter is going to be disastrous hence the share price tanking.

i must thank Aji a lot as it's the most I've ever made from any counter.

In the past I've had many near misses e.g. United Plantation, Carlesberg, Dutch Lady & Digi where I sold just before they made a vertical take-off.

I won't complain if > 15 but I think that's wishful thinking. Don't be so greedy la. > 10 cukup.

I'll consider getting off the bus if the share price > RM4

May 13 AGM - wonder what the door gift and the food spread would be like hehe

Agreed Feng that there's a fair bit of leasehold property - maybe there's pros & cons. But I really am of the opinion that the directors' remuneration in comparison against dividends is egregiously unfair. Thinking about expansion plans when it comes to dividends but the thought escaped their minds when rewarding themselves.

For comparison, the ratio of Dividends to Director Rem for Sports Toto was 316m : 33m whilst Public Bank 2124m : 64m

The tactic adopted to speed up the AGM is to make the members suffer from thirst & hunger (as no refreshments were served before the AGM) which will ensure that they will avoid long & difficult debates - Truly a capable bunch !!

Some points raised at the AGM today which I feel all in this chat should be aware of :

1) Dividends shared among 4312 shareholders (Pg 119 Ann Rept) at 2 sen = RM8.9m. Remuneration shared among 8 directors = RM13.2m (Pg 68 Ann Rept) !!

2) Total cash = RM181m & Retained Earnings RM1.145b. Why cannot pay dividends? Supposedly need cash to expand overseas.

3) Highlighted that revaluation was not done. Why? The CFO gave a somewhat cock-and-bull story. I wanted to counter but the chairman was by then trying to rush through. My comments to each remark is within brackets.

- that if a revaluation is indeed carried out, the depreciation charge would increase and "make KJ less competitive" - (Yes depreciation charge will rise but not as much since most of the increase in value would come from the land for which there's no depreciation and not the structure. As to "less competitive" - I'm puzzled as to how)

- Revaluation fees are expensive, about RM300k (peanuts by KJ size)

- Once Revaluation exercise is chosen, it must be done every 5 years. There's no back-tracking to the cost model with revaluation. (ok agreed but get it done)

- CFO asked the attendees as to whether they will accept a drop in value if revaluation is done in the future. (First of all, property prices normally increase. Even if in the rare occasion the value drops,it will not affect the all-important Retained Earnings from which dividends are paid. It will only reduce the Revaluation Reserves)

From the forgoing, there's a speculation that this management may harbor intentions to asset-strip the company i.e. buy up all the loose shares for cheap, then make an offer. Once taken over sell the various precious properties.

Any comments??

Picked up some Digi at RM4.65. It's hard to say where the bottom is.

I hope I'm not catching a falling knife !!!

I'm on standby but I've exhausted some of my ammo already

I am

Subject to the business progressing as well as in the past, I suspect that the price should now trend upwards. There's no incentive by a corporate raider to stifle the price so that it can buy the co for cheap.

Looks like much ado about nothing - a mere distraction. Well I hope things will normalise with a regular dividend stream. To make up for the dearth of dividends, perhaps the shareholders should be rewarded with a nice bumper quantum. In exchange, the board and management will gain some shareholder goodwill.

But knowing Can One culture, KJ will be stingy with dividends. They want to take their money to their graves.

EPF continues swallowing gobs of Digi providing much needed assurance.

No matter how convinced you are about a stock to the extent you keep accumulating it, there will doubts in your mind if a respected institution keeps dumping it - which in reality could be due to a host of reasons other than it the stock being overvalued.

EPF has bought back 5m shares - a significant relief from the recent sell-off spate

who's willing to go in at 4.73?

2016 year-to-date EPF's stake in Digi fell from 13.98% to 12.09% but its stake in Maxis rose from 6.80% to 7.70%. hmmm... makes one wonder what's going on. Noted though some postulations by Wow123, Clarence etc

Maxis price taking a real beating but Digi seems to recover a bit

Managed to buy some at 4.77. The whole idea is to lower my average cost.

I'm not particularly crazy about this stock ever since the maternity thing. It feels more like a cooperative than a profit-maximising company. In fact the management should announce the impact on the bottom lines so that investors can make an informed decision on this hair-brained idea.