At the recent AGM, the chairman was impatient & was trying to bulldoze the accounts deliberation. That's not right as shareholders only has a once a year opportunity to grill the board.
Shareholders are concerned over several issues including the declining share price & dividends. The fact that the investment was written down soon after acquisition which smells a rat.
MSWG raised the issue that one of the directors did not attend 3 out of 5 board meets and was not present at the AGM was seeking re-election. A few of us was put our hands up opposing to his re-election. However there were several old folks who were just pleased to be treated nicely in a pleasant surrounding, with an umbrella as a door gift and a spread of food who blindly like zombies supported his re-election. MSWG also noted that there was a director who did not attend the past 2 AGMs as well as the current. It gives me the impression that their presence in the company was merely to carry the title "director", collect fees and eat popiah at meetings. I hope that the parent company notices these red flags & do something about it.
Regulator simply approved directors including lazy director? Anyway, many directors are there just to collect easy $. First time drop by here, wonder it is the right entry point now. Will consider at around 2.20.
In case you or family members had bought investment linked insurance products, always ask the insurance company or its agent (better in black and white) on the annual premium that you need to pay at various stage, eg. at age of 55, 60, 65 etc, then you can know how much to pay when you are old and judge whether you still can afford then before it is too late. Wish no body is mislead.
Insurance businesses become booming sector now esp the earning is a few hundred % better than last year. No wonder Warren's Berkshire keep on buying insurance business.
Flourishing of digital centers and other foreign investments create more jobs, so very likely more medical insurance and takaful to be sold. Share price of Manulife cannot simply be compared to its share price two years ago, because its NTA has increased by 33% from year 2022. NTA as at 31st March 2024 RM5.94 NTA as at 31st March 2022 RM4.48
Nope, you won't get your dividend if you sell before ex-dividend. The earliest you can sell and and get the dividend is on ex-date, i.e. 1st July in this case but you need to note the market price will likely be adjusted on 1st July anyway
What a superb result. Thia quarter EPS alone 15 sen. If annualised 60 sen. Net Assets Rm6.00. Now trading at Rm2.16 only or PE 3. Will Manulife limit up tomorrow?
Look at MNRB, their dividend doubled this year after they recorded high profits. Hoping this company can do the same next year. I believe 12 cents div is easily achievable based on results this year...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sheldon
1,427 posts
Posted by sheldon > 2016-04-08 09:14 | Report Abuse
Look at the announcement titled "Others".
Note that dividend is only contingent upon approval at the AGM by shareholders.