Posted by Peter5151 > 2016-07-05 12:43 | Report Abuse

Thank jamesooi

Posted by NavinShah > 2016-07-05 13:01 | Report Abuse

Are we sure? No tax.

Posted by Steve Jub > 2016-07-05 13:24 | Report Abuse

this is PN17 o

Posted by selfie > 2016-07-05 13:48 | Report Abuse

many done on price 1.24~probably got group is collecting? got feel this friday will fly.

Posted by Steve Jub > 2016-07-05 13:58 | Report Abuse

dividend yield how %?

Posted by chewyee5911 > 2016-07-05 14:31 | Report Abuse

can i ask something? Entitlement date is on 21 Jul, if i buy the share before this date, then i'm entitle to get the special dividend 35sen per share?
How they pay the dividend? credit it to our trading account?
And will there a big drop of share price after dividend paid?

I'm newbie in stock market, thank you very much for the help.

Posted by NavinShah > 2016-07-05 17:01 | Report Abuse

Yes. Price drop RM0.35/38 sens on xdate.

Posted by NavinShah > 2016-07-05 17:05 | Report Abuse

Friday, may go up to RM1-50.
CNBC reports best markets in 2nd half
of this year Malaysian and the great
Indonesian

Posted by moneycashrich > 2016-07-05 19:29 | Report Abuse

The lastest date to buy is 18-7-2016. For early investors, I call it a windfall. Happy Raya and long holidays.

Posted by balvin71 > 2016-07-06 09:50 | Report Abuse

Yes, ex-date is 19th July. To qualify for the div, need to buy latest on the 18th of July (1 day before the ex-date) to get the dividend. Do not look at the entitlement date.

When you set up your trading account, if you have given your bank information, they will do a on-line transfer/directly credit into your bank account. If not, you will have to wait for a cheque. No credit to trading account. Better check with your broker on how your account is set up. My advice for them to transfer to your bank account. Get money faster this way.

On the ex-date, the opening price will be adjusted downwards by the dividend amount (in this case RM0.35) from the previous closing price.

Posted by balvin71 > 2016-07-06 10:01 | Report Abuse

Navin, yes there no tax on dividends. Refer to section 108 of the income tax act. Last time used to be taxed, than common sense prevailed and it is considered as a double taxation. Company already paid corporate tax, so why need to pay tax again?

Posted by balvin71 > 2016-07-06 10:06 | Report Abuse

Steve, dividend yield would be dividend amount divided over share price and times 100%. So yield would be different for different people, depending on what price they bought the share.

Say you bought of RM0.50, than your yield would be 70%
If bought at RM1.00 than your yield would be 35%
If 1.20 than 29%

Posted by balvin71 > 2016-07-06 10:20 | Report Abuse

Steve, to calculate the annual yield. You will have to take the total annual dividend received/to be received in a year. We already received the first interim dividend of RM0.03. Now a special dividend of RM0.35. And expecting a second interim dividend in September of RM0.03. Giving a total dividend of RM0.41. Thake this RM0.41 divide over the price you bought the share and times with 100%. So annual dividend very much higher. That is why Moneycashrich said we getting a windfall!

Posted by lsy1993 > 2016-07-06 14:07 | Report Abuse

Hi,i want to ask is it possible that MAA will not able to pay the dividend or may bankcrupt after the dividend payout since the company is still under PN17?

Posted by balvin71 > 2016-07-06 17:57 | Report Abuse

Isy1993, before asking questions like this, please go study their financials, especially their balance sheet. Than read the announcements and annual reports to understand that they are in PN17 because of having sold their core business and restrictions in FSA to get out of PN17. Not because they are financially distressed.

Posted by tyran > 2016-07-07 11:06 | Report Abuse

lsy, PN17 simply means they don't have a core business at the moment. MAA clearly has the cash from the sale to give out as dividends, and even then they are not giving out all

So no, it is not possible that MAA can't pay the dividend or will go bankrupt after payout - they already allocate money for future acquisitions

Posted by selfie > 2016-07-07 23:33 | Report Abuse

MAA target heading 1.43..ready for tomorrow

Posted by chewyee5911 > 2016-07-08 09:13 | Report Abuse

thanks balvin.

Posted by WhoKnows > 2016-07-08 14:21 | Report Abuse

oooo...... price drop....

Posted by balvin71 > 2016-07-08 15:38 | Report Abuse

You are welcome, ChewYee.

Posted by danny123 > 2016-07-08 15:38 | Report Abuse

cheeyee
at this price , i think is a bit high
i will never buy at this price

Posted by danny123 > 2016-07-08 15:39 | Report Abuse

forget about 35cents div

Posted by danny123 > 2016-07-08 15:40 | Report Abuse

dont get con by them

Posted by danny123 > 2016-07-08 16:01 | Report Abuse

look at d management , melewar n mycron, d company is doing badly manage buy d same people in maa
hope u know what i mean

Posted by moneycashrich > 2016-07-08 17:32 | Report Abuse

For those who see bad risks in MAAG, sell at the GOOD price of RM1.23 and forget about the dividend. Then can wait and laugh at those YES men in the future. Be patient and wait for your opinion and prediction of disaster to come first. I trust the Big MAA boss and will win big this time.

Posted by balvin71 > 2016-07-08 18:35 | Report Abuse

Here goes Danny again. Talking only, no facts and figures. Danny still not answered the questions I posed to him on 29th June.

Anyway, since he bring up Melewar and Mycron again, these companies are in the steel industries. Like I said before, please do a financial analysis of these 2 companies and compare them with others in the steel industries. The financial analysis for both of these 2 companies are much better than others in the same industry. A simple analysis would be PBV, both of these companies shows better multiple than others in the steel industry.

Mycron shares a year ago was about RM0.30 today RM0.425. An increase of 41.67% in 1 year.

Melewar shares a year ago trading at RM0.21 today RM0.33. An increase of 57.14% in 1 year.

In this tough market since a year ago, management has given better returns than the market as a whole. I cannot understand what makes you say management bad? If you know something I don't, please share specifics. Make statements with facts and figures. Thank you.

Posted by danny123 > 2016-07-08 20:19 | Report Abuse

Maa , melewar , mycron are manage by d same people, same boss.
Look at d financial results for d past 10 yrs?
Then u can see who is right.
When u buy shares dont buy on d high side, if u buy at d high u get burn
I think maa at this price is high


Melewar prices
2007 at 1.70 come down to 0.40 on 2009
2011 at 1.10 come down to 0.20 on2015
NOW 0.33
So what d big deal balvin?

Mycron prices
2007 at 1.00 come down to 0.35 on 2009
2011 at 0.80 come down to 0.23 on 2015
NOW 0.42
So how many people buy at 0.25???so... balvin
What d big deal 0.23 go up to 0.42

MAA prices
2007 at 2.50 come down to 0.50 on 2009
2011 at 1.40 come down to 0.45 on 2013/2014
NOW 1.24
How high it go??never buy on high side
I think at this price is high

Well i ve given u d historical price for this 3 counters
having d same people manage d company, i will never buy
Please dont influenced people to buy,

Posted by balvin71 > 2016-07-08 21:33 | Report Abuse

It's ok. I started buying MAA at RM0.67 and continue to pick up all the way bit by bit, buying in the 0.70s, in the 0.90s and at RM1+. Last I bought was RM1.16 last week. For you, maybe high, for me still got value. Let me share with you why I am buying and why I think got value:
1) Cash per share today after selling MAAT is RM1.55 and NTA per share is 2.36. Before special dividend. To me share is under valued.
2) With cash, they committed to giving dividends yields higher than FD. Chairman said this at EGM.
3) Once buy a core profitable business can come out of PN17 status. Expected out in 3rd Qtr 2017.
4) With dividend policy, out of PN17, funds managers will start investing in the share. This will be Quarter 4 2017.

This is my timeline. As you can see, I am taking a longer term view. Buy before fund managers buy. Don't get me wrong, I will continue to evaluate how management is doing and match to the timeline. Continue to evaluate and make necessary decision.

BTW can you please share with me what is a good stock to put money in today.

To me, at this point in time, MAA looks bright compared to other counters. Not recommending anyone to buy MAA but sharing my thoughts.

Posted by moneycashrich > 2016-07-08 21:45 | Report Abuse

Who invest based on historical prices ? Who buy at RM1.70, 1.00 and 2.50 for 3MMM ? Everybody know the problems in steel and insurance industries. How come invest at high prices ? Since do not influence to buy, why influence people to sell ? Or must we buy the same stock as the NO CAMP ? Please show your wonderful stocks that GUARANTEE profits.

Posted by candygirl > 2016-07-09 00:07 | Report Abuse

Don't show those shares which have gone up . Danny tell us the future not the past

Posted by WhoKnows > 2016-07-09 08:02 | Report Abuse

wakakakaka..... good one !!

Posted by wendragon > 2016-07-09 10:58 | Report Abuse

Hi guys, a newbie question. Given the price and 0.35cts dividend, anyone who buy now would stand to gain about 28%. Much better returns than some other investments in about a month time. Looking the price movement, not many pple seems to be too excited. Any guru here can provide the insight? On paper it's 28% yield in a about a month time. Am i missing something.....

Posted by jamesooi > 2016-07-09 11:26 | Report Abuse

On the ex-date, the opening price will be adjusted downwards by the dividend amount (in this case RM0.35) from the previous closing price.

Posted by WhoKnows > 2016-07-09 11:50 | Report Abuse

theoretically wise (for bookworms), yes, downward adjustment of 0.35 is correct; but not necessary in real life. the 0.35 payout is only around 26% of the disposal consideration and constitutes gain from sales, the NTA might not be impacted. also since the disposal of Takaful will remove restrictions into further investments, i feel that the downwards adjustment should be cushioned.....

Posted by balvin71 > 2016-07-09 14:21 | Report Abuse

Management last supported the price with share buy-back at RM0.98~0.985. I would think they will continue to support the price at this level even after the ex-date.

Why? For the simple reason the cash per share is worth more than this. If they do not support, MAA could be a target of a hostile take-over. I am sure the majority share-holders wouldn't want this.

Posted by moneycashrich > 2016-07-09 19:29 | Report Abuse

If the Big MAAG boss play his cards right, he will be a successful billionaire, but if he try overvalued assets, his fate will be uncertain if the company go down. So be patient to wait and see who will get the last laugh in this exciting future to come.

Posted by dompeilee > 2016-07-10 08:09 | Report Abuse

Six more trading sessions for non-shareholders to get the dividend :D I already secured mine way back in 2011 :D

Posted by dompeilee > 2016-07-10 08:23 | Report Abuse

My amazing timing - Bought BAT as the stock bottomed & sold CCB just before it dropped from 3.40 till 3.00 currently:

https://2.bp.blogspot.com/-5gQf3LcvBP8/VzZ2mWJSXGI/AAAAAAAACoM/m3cFLfeAs24-7wyHKbg5IUpZ1uPLiQmPACLcB/s1600/CCBsale.png

Look at my blog!

Posted by WhoKnows > 2016-07-10 16:33 | Report Abuse

duh......

Posted by danny123 > 2016-07-11 09:17 | Report Abuse

Moneycash,
If become billionaire this counter never go into pn17.

Posted by moneycashrich > 2016-07-11 13:59 | Report Abuse

After considering your opinion, sorry to say that I believe MAAG will be the best investment at the moment. So be patient to wait and see who will be laughing in the future. Since MAAG is like PIOSON and SURE DIE ONE, show us your prediction of wonderful stocks that GUARANTEE profits.

Posted by jamesooi > 2016-07-11 16:21 | Report Abuse

I am very bullish in MAAG and I agreed with you, moneycashrich, waiting to collect my Special Dividend of RM0.35 per share.

Posted by WhoKnows > 2016-07-12 08:01 | Report Abuse

wondering...... has anyone actually computed the cash consideration for the Takaful sales and divided by the total number of shares that MAA has? that would be fair value of MAA based on NTA, and that is not even taking into consideration the existing cash that MAA has......

Posted by balvin71 > 2016-07-12 08:37 | Report Abuse

We can actually calculate the current cash per share with a few assumptions:

The easiest figure would be the number of shares. Here we assume, the treasury shares will be cancelled.
Total number of shares: 292,692,252
Treasury Shares: 4,805,200
Net number of shares: 287,887,052

Now the cash portion:
1) The cash balance based on 31st Dec 2015 audited accounts is RM157,959,000
Only taking the company portion and not the group portion. Assuming:
a) the group portion belong to MAAT that will be transferred to Zurich with the sale of MAAT. This is being conservative; and
b) during the year, the cash position remained the same at the company level.

2) Sale of MAAT (net of 75% to MAA) will be RM393,750,000. Estimated expenses RM2,500,000 and RM93,750,000 will be paid in 2 years time. So the net amount of cash from the sale excluding portion being received in 2 years time is RM297,500,000

As of 1st July 2016, the cash position is assumed to be RM455,459,000. Or cash per share of RM1.58.

This does not include the receivable of RM93,750,000 or another RM0.33 per share in 2 years time.

Posted by jamesooi > 2016-07-12 09:49 | Report Abuse

WOW, so much cash and high NTA RM2.01 per share. I am laughing all the way to the bank on 5th August 2016.

Posted by jamesooi > 2016-07-12 09:57 | Report Abuse

Share price still at RM1.23 per share now and i wonder why not many people are buying this stock. Maybe they are worry after Ex special dividend RM0.35 per share, the Ex share price maybe fall more than RM0.35 per share. Hope it will hold the price at RM0.88 per share. I will continue buying not more than RM1.00 per share.

Posted by WhoKnows > 2016-07-12 14:01 | Report Abuse

still accumulating now...... :) @ 1.20

Posted by danny123 > 2016-07-12 14:02 | Report Abuse

U guys believe it go up then go n buy more
For those didnt ve , my advise dont buy at alll
Dont get con, by conman
Haha

Posted by danny123 > 2016-07-12 14:06 | Report Abuse

Those very bullish because they buy very low price
Maybe 0.6- 0.8
So at 1.20 never never buy unless u want to be conned by them

Posted by moneycashrich > 2016-07-12 14:44 | Report Abuse

who is the conman ? Those bullish DID NOT ask anybody to buy. The NO advisor says NO BUY. So can you guarantee that MAAG will fail. If susccessful, do you pay for their losses with your kind advice. Wait and see who con who. Be patient to wait for your success to fail.