It appears from the 2015 Annual Report that no revaluation of properties was done since there's no revaluation reserves created.

If you recall (look up this chat about a year ago) Retnam commented that at the AGM, it was stated by the senior management that if a revaluation was done then, the NTA per share would increase by approximately 50+ sen.

Agreed with Juni - uncertainty will keep investors on the sidelines as it's akin to placing a bet on whether it'll be heads or tails.

It also bestows tremendous powers to the decision makers who decide price-sensitive info.

The relentless selling of Digi & buying of Maxis by EPF continues unabated

He also hopes for some transparency in the bidding ... but it's an alien concept over here

You are absolutely right!

I pointed out to the person that the proposal is in fact out-of-date & the price should be revised upwards as the company in the mean time had made some good gains.

I asked why isn't EPF demanding for higher pay out. That person responded that they could wait - as a small token they declared some dividends albeit pittance.

They are playing a waiting game but it's a balancing act. If they make too much profit, declare puny dividends & keep the share price low then another bidder with deep pockets might appear for this undervalued stock.

I just had a conversation with the person involved in the Aspire deal and I'd like to share the following facts:

1. EPF will not budge from 3.30
2. EPF is funding the entire deal and they are pinning their hopes on the evil Mr Chee to take this company to greater heights
3. It requires a 75% majority
4. Can-One can vote as a party who supposedly has no interest in the deal
5. It's possible that they are hoping that the shareholders will grow weary and give up

Comments anyone?

It's stagnant. That's one of the impact of high dividend payout.

Perhaps another bidder?

Btw shareholders will have to wait until they are old & grey before they can receive the pathetic dividend on 30 Jun. KJ need not pay out of profit from operations but from returns from money market placement.

I've just started eating chunks of P&O shares - looking forward to the facts, rumours, gossips & inferences on this company.

Makes no difference - The cake was just sliced into smaller pieces. 1 cake cost $10 therefore 1 quarter of a cake is $2.50 & one tenth = $1 and so on

Angie - yes digi was worth about 30 at one time. Then they had a stock split - 1 share split into 10 to ensure more liquidity i.e. encourage more trades. Your friend told you a true story - kisah benar.

Maybe to return AK the favor of lending 2b?

EPF has been literally dumping Digi but picking up chunks of Maxis ... anyone knows why?

Called off is better than trying to rip off the minority shareholders by buying shares for a song. Then at least they can focus on the business instead of the wheeling & dealing. E.g. There won't be maneuvers like ensuring that share price does not rise too much.

If a company has got a good business model which is tried and tested and operations are profitable, then efficient market hypothesis dictates that the price will rise concomitantly. Rational investors are not going to pass up a good bargain.

Looks like we got whacked!

WTF are the authorities doing? They are trying to wear the minority shareholders down. The only way out of this ridiculous predicament is that a white knight with a better deal comes along.

I guess the next best thing to do is to raid the larder - makan cukup2 at the AGM, collect the door gift & make some noise.

Can One can accept but the See brothers & other rational minority shareholders with ability to hold will not accept. Is it enough to block the deal?

I heard in the BFM channel today about government cracking down on illegal gaming - that's a good start perhaps long overdue. I hope it just does not remain an announcement with no follow-up.

Another question - If Can-one is not regarded a party with vested interest (which although in the opinion of most if not all, it's otherwise) then can its vote tip the balance and allow Aspire to acquire KJ for a song?

A noteworthy point is that Can-one has large borrowings to pare down so they need a good dividend pay out from KJ.

23 Mar is D-day - the question in everyone's mind is whether there'll be another postponement. http://www.thesundaily.my/news/1571463

The EPS of Magnum is lower than Toto - that's why the price is low & the dividend likewise

No good news Angie except if the govt takes note that the excessive sin taxes & GST is slowly killing this goose that has been laying the golden eggs all these years by driving the punters towards illegal gaming.

The Govt has no money so thinking short term, it raises the sin taxes on tobacco. Consumers buy smuggled cigarettes - for which the dumb govt cannot collect taxes but benefits certain individuals. So BAT closed down its local factory & put 230+ people out of work. Govt also raised alcohol taxes & same story.

Are they going to raise gaming taxes despite the current exorbitant gaming taxes & GST Toto pays & drive punters to play illegal or are they going to treat the goose that lays the golden eggs with well-earned respect & at least remove the GST?

CNY effect

maybe someone is supporting it & ensuring that it will close not below 3.39

I think that those with vested interest i.e. EPF & Canone are not allowed to vote on this deal. But then they can always pull the Sime Darby stunt.

Based on the papers, the current price is the year high - some hope on the horizon

Would they not ultimately require shareholders' approval?

5 sen is within striking distance unless the performance deteriorates significantly

Aha did not see the silver lining before on this Bangla issue - thanks ampabella

Eventually EPF should demand some tangible outcome. I can't imagine that they can be so patient for so long what with the pathetic dividends after a long period of absence of dividends.

Let's go to the AGM, get the door gifts, eat the food & make some noise to rattle the snooty, pretentious, coat-wearing board. They should tolerate our tirades and brickbats to justify their fees.

Don't hope for 3. The Co is scrapping the bottom of the barrel just to pay dividends. With GST eating up the bottom lines to feed the desperate government, the price will remain moribund.

Yippee! more share buybacks

Maxis shares got a boost in the form of personal commitment from their CEO when he personally bought >360k of shares @ 6.33

MissElizaClarke - Digi announced payment on 25 Mar

Maybe EPF is selling so that ASB can pick up large chunks at low prices?

Aiyo! even TVT is disposing off at a low price!

This stock help me neutralise the massive losses I've incurred in other stocks. TQ Aji !!!

But at the same time, Amanah Saham Bumiputra has been swallowing big chunks of Digi

Maybe EPF knows something that we don't?

The dumping by EPF continues

Another pathetic performance. It's on the long slide downwards. Dividends are dwindling. What I'll do is that I'll boost up my yield with the door gifts and free food at the AGM haha

Appreciate it if somebody can explain the details of the increased cost of bandwidth which the government had announced

Considering the fact that BOJ is charging negative interest rates perhaps UACJ can borrow Yen cheaply & be our white knight !

soojinhou - you seem to be happy with their 3.30 offer price. In fact logically speaking you should welcome dividends if such was the case because money received earlier has more time value.

To me irrespective of whether the offer is 3.30 or lower because of dividends paid, it's too low considering that the price was fixed >2 years ago and by now this duck called Kian Joo has become fatter and juicier with all the profits earned but unreleased .

Yes Haunting999 - I believe it should be read as 2 sen.

With so much distributable reserves and many quarters of no dividends, I also believe that the puny current dividend is reflective of either management acting in bad faith or their minds are totally warped.

EPF has of late been dumping this share! Why??

Price on turbo again

I feel sorry for the old folks who hold KJ shares but have not received dividends for sometime