Posted by dompeilee > 2023-11-16 17:01 | Report Abuse
Dripped more $ into MAA @ the 44.5c close...🤗 Pity those who chased @ 60c or higher & had to CUT, but if they chose to hold, they would be guaranteed to make $ within the next year at the very latest
Posted by TheContrarian > 2024-01-18 18:09 | Report Abuse
Bought at 35 sen today.
TheContrarian
8,646 posts
Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse
Bought at 34 sen today
On the first trading day in January Kuchai went limit up and I sold off all at 1.62 netting over 30% gain, used the proceeds to buy 100,000 MAA shares at 34 to 35 sen.
I don't think MAA will declare any dividend as punishment to the minority shareholders for opposing the major shareholders attempt to privatize it at 1.10.
Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!
Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.
5 hours ago
I don't need to believe anyone who already has an HONESTY DEFICIT. I saw your post proclaiming your sale @ 39.5c b4 you DELETED it. Unlikely to be an honest mistake for such an allegedly large position(which is probably a lie to begin with) 😉
It has been five years since Tengku's first attempt to privatize MAA. Now, MAA has been released from PN17 status but may re-enter PN17 after the sale of MAA Philippines, a lower price compared to 2019, and increased cash reserves. I believe this is an opportune time to consider privatization once again.
@Cipta, ultimately MAA will be privatized but no one knows when. In the meantime minority shareholders continue to be punished by not getting any dividend.
Long ago before the privatization attempt MAA paid generous regular dividend plus occasional big special dividend. Things turn sore after the failed privatisation.
When MAA bought Turiya, some shareholders said the same but now they see how much MAA made. KNM is losing money right now, but it still has valuable assets just like MAA. Tengku needs to get more PR with his peers. I reckon everyone will be friendly towards him if he does proper communication and profit sharing.
Posted by Cipta > 12 minutes ago | Report Abuse Possible,. MAA soon will be PN17 again. If Tengku doesn't take any proactive action, it will be delisted.
why you say so Cipta..? don't mind sharing more of what you know...?
It's unlikely. Over the past five years, while MAA was under PN17, Tengku required cash to invest in new business ventures by Bursa rules, otherwise MAA risked delisting. Regulations prevented him from initiating another SCR in a short period. However, it has now been five years since the first attempt.
The Board of Directors of MAAG wishes to announce that the Company has acquired to date over the period from 8 February 2024 to 10 May 2024 via direct business transaction a total of 201,475,000 ordinary shares of KNM Group Berhad (“KNMG”) at an average price of RM0.165 per share, representing 4.98% of the total issued share capital of KNMG for a total purchase consideration of RM33,243,375.
2024-05-29 Insider MAA GROUP BERHAD (a substantial shareholder) acquired 2,363,200 shares on 28-May-2024. 2024-05-29 Insider MAA GROUP BERHAD (a substantial shareholder) acquired 10,000,000 shares on 27-May-2024.
The current management team failed the shareholders again by incurring huge losses for MAA. This is not what the shareholders are looking for. Until when this shameful saga will end?
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Posted by TheContrarian > 2024-04-26 17:38 | Report Abuse
Took some profits at 40.5 sen in the morning before the announcement.