Posted by Cipta > 2 months ago | Report Abuse

Hippo: answer your question, Ex-CEO of MAA is taking care of your share.

Posted by Hippopotamuska > 1 month ago | Report Abuse

Is this a good thing for the shareholders of MAA? Should we celebrate or otherwise?

Posted by TheContrarian > 2 weeks ago | Report Abuse

Turiya share price shot up yesterday.

Posted by dompeilee > 1 week ago | Report Abuse

Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!

Posted by TheContrarian > 1 week ago | Report Abuse

Eh, I have 121,100 shares at the moment.

Posted by Cipta > 1 week ago | Report Abuse

[1]: https://bing.com/search?q=MAA+Philippines+sale+impact ""
[2]: https://maa.com.ph/branches ""
[3]: https://themalaysianreserve.com/2023/11/15/maa-to-sell-stake-in-philippines-insurance-arm-for-rm271m-expects-rm111-92m-gain/ ""
[4]: https://www.insurancebusinessmag.com/asia/news/breaking-news/maa-group-divests-85-stake-in-philippines-general-insurance-arm-467006.aspx ""
[5]: https://www.christopherleeong.com/media/2625/161214-guide-to-takeovers-in-malaysia.pdf ""
[6]: https://pdfs.semanticscholar.org/1e70/37e96bd29db16abfd998109a36c58b25726c.pdf ""
[7]: https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/asia-pacific/malaysia/topics/before-a-public-takeover-bid ""

Following the sale of MAA Philippines, MAA now has a larger cash reserve, making it an attractive target for privatization and hostile takeover. Stay tuned!

Posted by TheContrarian > 1 week ago | Report Abuse

Tomorrow MAA will fly?

Posted by TheContrarian > 1 week ago | Report Abuse

Breaking news : MAA sold off all its interest in Turiya for 40 sen per share making a gain of 22 sen per share.

Posted by TheContrarian > 1 week ago | Report Abuse

The total gain is RM29 million and will enhance MAA's EPS by 11 sen.

Posted by TheContrarian > 1 week ago | Report Abuse

Oh dear, price dived.

Posted by dompeilee > 1 week ago | Report Abuse

20c/ shr in cash coming in & price can still drop to 38.5c....only in Malau-sia( or Malu-SIA) lol Luckily I've got six figures invested in Japan, which will in 2025 overtake the size of my local portfolio given the cheapness of the yen & the sales proceeds locally that I will funnel there.

Posted by Cipta > 1 week ago | Report Abuse

dompeilee, what's platform u r using invest in Japan share market?

Posted by dompeilee > 1 week ago | Report Abuse

One of the major IBs. Most of them offer global trading for steep commissions...cannot reveal too much about my own accounts 😉

Posted by TheContrarian > 1 week ago | Report Abuse

Took some profits at 40.5 sen in the morning before the announcement.

Posted by dompeilee > 1 week ago | Report Abuse

First say sold @ 39.5c...then delete & change to 40.5c...Liar alert...another one of those where nothing alleged can be believed lol

Posted by speakup > 1 week ago | Report Abuse

maybe just a honest mistake. give him the benefit of doubt. maaflah, dont be too harsh

Posted by curiousq > 1 week ago | Report Abuse

yes, 20sen /share from Turiya disposal .... doesn't mention whether would give dividend, somehow, he can do so if he wants .....

Posted by TheContrarian > 1 week ago | Report Abuse

Sold a small portion at 9.54 am yesterday. What's the price at 9.54 am?

Posted by TheContrarian > 1 week ago | Report Abuse

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

Pity those who bought at 44.5 sen.

Posted by TheContrarian > 1 week ago | Report Abuse

Posted by dompeilee > 1 day ago | Report Abuse

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.

Posted by TheContrarian > 1 week ago | Report Abuse

again?


TheContrarian

8,646 posts

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.

Posted by TheContrarian > 1 week ago | Report Abuse

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.

Posted by speakup > 1 week ago | Report Abuse

MAA was one of the early shares sprakup bought when first dabble in klse. That time MAA was trading at rm5+

Posted by dompeilee > 1 week ago | Report Abuse

TheContrarian

Posted by dompeilee > 1 day ago | Report Abuse

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) 😉

Posted by TheContrarian > 1 week ago | Report Abuse

Ten thousand shares only? Hahaha 🤣

Posted by xiaoeh > 1 week ago | Report Abuse

do you read technical chart TheContrarian?

Posted by TheContrarian > 1 week ago | Report Abuse

@xiaoeh, no, I don't.

Posted by Cipta > 6 days ago | Report Abuse

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.

Posted by TheContrarian > 6 days ago | Report Abuse

@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.

Posted by Cipta > 6 days ago | Report Abuse

@TheContrarian Perhaps this is the way to force minority to accept the offer price when 2nd attempt coming.

Posted by TheContrarian > 6 days ago | Report Abuse

Probably will be at a lower offer price.

Posted by TheContrarian > 6 days ago | Report Abuse

Long ago before the privatization attempt MAA paid generous regular dividend plus occasional big special dividend. Things turn sore after the failed privatisation.

Posted by TheContrarian > 6 days ago | Report Abuse

A couple of years ago from time to time MAA did some share buy back, hopefully they will resume doing so now that there's cash in the bank.

Posted by Cipta > 5 days ago | Report Abuse

Giving its asset mostly in cash, hostile takeover is possible.

Posted by TheContrarian > 5 days ago | Report Abuse

MAA has a rotten investment in KNM. Lots of cash was wasted there.

Posted by TheContrarian > 5 days ago | Report Abuse

Just bought back MAA at 38.5 sen. Hope price doesn't go lower.

Posted by Cipta > 5 days ago | Report Abuse

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 TheContrarian > 5 days ago | Report Abuse

Ya, MAA needs to turn KNM around but will take a long time.

Posted by TheContrarian > 5 days ago | Report Abuse

If MAA resumes paying dividend or do a share buy back it will earn itself brownie points from the minority shareholders.

Posted by TheContrarian > 4 days ago | Report Abuse

Bought at 37.5 sen today.

Posted by xiaoeh > 4 days ago | Report Abuse

wait at 0.355...
possible..?

Posted by TheContrarian > 4 days ago | Report Abuse

Don't think so.

Posted by Cipta > 3 days ago | Report Abuse

Possible,. MAA soon will be PN17 again. If Tengku doesn't take any proactive action, it will be delisted.

Posted by xiaoeh > 3 days ago | Report Abuse

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...?

Posted by Cipta > 2 days ago | Report Abuse

Following the sale of MAA Philippines, MAA no longer has a core business and has been incurring losses for three consecutive quarters.

Posted by curiousq > 2 days ago | Report Abuse

Heard a few yrs ago, tengku wanted to privitized MAA @1.10 but they vote down at EGM, tengku very angry and let them suffering

Posted by speakup > 2 days ago | Report Abuse

It's true

Posted by Cipta > 2 days ago | Report Abuse

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.

Posted by Cipta > 2 days ago | Report Abuse

https://theedgemalaysia.com/article/way-forward-maa-after-failed-src

Posted by xiaoeh > 2 days ago | Report Abuse

Thanks for sharing Cipta and Curiousq