Posted by yuanlong57 > 2016-09-21 14:10 | Report Abuse

Good to know that new buyers are showing optimism.

Posted by TheContrarian > 2016-09-21 16:37 | Report Abuse

New buyers emerged because of yuanlong's comments.

Posted by yuanlong57 > 2016-09-21 17:11 | Report Abuse

TheContrarian: The people in the market have ultra-sharp foresight and swift analytical insight to detect inherent values.

Thanks for your kind remarks. Just a response to jamesooi observation.

Posted by Tonylim8805 > 2016-09-21 22:51 | Report Abuse

I being holding 110 lots at 52.5 cents since September 2011

Posted by Tonylim8805 > 2016-09-21 22:52 | Report Abuse

Already get back 59 cents dividen since then

Posted by Tonylim8805 > 2016-09-21 22:55 | Report Abuse

Don't know how to sell as their dividen always better than bank FD rate.

Posted by Tonylim8805 > 2016-09-21 22:56 | Report Abuse

Like public bank that I bought at 99 cents back 1992 .

Posted by Tonylim8805 > 2016-09-21 22:57 | Report Abuse

Every year give good dividen

Posted by yuanlong57 > 2016-09-22 00:12 | Report Abuse

Tonylim8805, truly a patient and successful investor. Congratulations :-)

Posted by jamesooi > 2016-09-22 12:01 | Report Abuse

Shares Buy Back only RM0.975 per share for 400,000 shares. Total volume for yesterday day were 1039,900 shares traded. New buyers show more interest in MAAG. But new buyers are undecisive what to do next. Price is doji. Only news can push up the share price.

Posted by yuanlong57 > 2016-09-22 15:47 | Report Abuse

Jamesooi, 'Google Search' for more positive news about MAA and share it at the forum here! :-)

Posted by Tonylim8805 > 2016-09-22 22:18 | Report Abuse

Yuanling57 , not that I am patience , working in China since 1998 and only have time to buy share once or twice a year when I go back Malaysia for holiday in February and September .

Posted by yuanlong57 > 2016-09-23 05:12 | Report Abuse

Tonylim8805, great blessings in disguise under expatriate life. Thanks for your input. :-)

Posted by theong > 2016-09-27 18:52 | Report Abuse

Time for me to buy more

Posted by balvin71 > 2016-09-28 08:39 | Report Abuse

rohank71, what is the source? Have any link?

If your question is theoretical, than at RM1.00, I won't accept, the current cash per share is higher than RM1.00, even after taking into account the most recent dividend that will be paid in October. The NTA is more than double the RM1.00.

Posted by TheContrarian > 2016-09-28 14:49 | Report Abuse

rohank71, don't kacau the MAA forum. Stick to SPACs.

Posted by yuanlong57 > 2016-09-28 15:51 | Report Abuse

TheContrarian, GOOD job! When we pluck mangoes, they are tangibles we can see and hold. When pluck MGO from the air with no substantiated facts or basis, there is NO GO. At present, we prefer mangoes to MGO. (MIMPI, Nowhere to Go)

Posted by theong > 2016-09-28 19:22 | Report Abuse

Hai hai hai we are now plucking mangoes now. Well say

Posted by moneycashrich > 2016-09-28 19:54 | Report Abuse

Good to see it maintained around RM.97.....despite the selling pressure and no news now.

Posted by balvin71 > 2016-09-29 08:09 | Report Abuse

Rohank71, I was wondering, if there is going to be a MGO, why is MAA supporting the share price? Wouldn't they want it to drop so that when they make an offer, the premium paid would be much higher that the closing prices? Appreciate if you can ask your friends who have inside information. Thank you.

Posted by jamesooi > 2016-09-29 09:42 | Report Abuse

Don't worry about the NOISE. The Management is also needs money, they declared so many times dividend for this year. They also needed the money like us. So, MGO may not be possible. All market talks are NOISE, NOISE, NOISE.

Posted by moneycashrich > 2016-09-29 10:04 | Report Abuse

Tq James and Balvin for u insight. So far so good and also money coming on 10-10.

Posted by yuanlong57 > 2016-09-29 10:15 | Report Abuse

Disruptive noises. The Management is not FIRST day on their job. They have been delivering good returns over the years. Do you think they are keen to put their reputation on the chopping block? Their interests are interwined with the shareholders. They win, MAA wins, the shareholders win.

Posted by jamesooi > 2016-09-29 15:11 | Report Abuse

Big lots of 300,000 shares just taken up, Maybe Shares Buy Back ??? Support price is RM0.97 per share

Posted by TheContrarian > 2016-09-29 17:25 | Report Abuse

rohank71, MGO is triggered where a single shareholder in a group of persons acting in concert who holds more than 33%, acquires more than 2% of the shares in any 6 month period. Someone has to do a calculation of shares bought back in the past six months to see if MGO triggered. I don't have time to analyze.

Posted by jamesooi > 2016-09-29 18:08 | Report Abuse

1. MELEWAR KHYRA SB is holding 40, 326,110 is equal to 13.778%
2. MELEWAR EQUTIES SB is holding 38,513,030 is equal to 13.158%
3. MELEWAR EQUITIEW (BVI) LTD is holding 26,937,944 is equal to 9.204%
Total shareholding for the group based on the last audited account is 105,777,084 is equal to 36.139% based on Paid Up capital after cancellation of shares are 292,692,252.

Shares Buy Back as at 28/09/2016 ware 18,224,500 shares and Melewar Group is equal to 6,586,216 shares is about 2.250%,

So, total shareholding by Melewar Group is 38.390%

Posted by yuanlong57 > 2016-09-29 18:14 | Report Abuse

JAMESOOI, excellent data forensics.

Posted by TheContrarian > 2016-09-29 18:36 | Report Abuse

Last audited accounts until 28/09/2016 is almost nine months. 2% limit is over a rolling six months period

Posted by moneycashrich > 2016-09-29 21:21 | Report Abuse

Tq for all u explanation and insight.

Posted by TheContrarian > 2016-09-29 21:26 | Report Abuse

Anyway I don't think MGO has been triggered but the share buy back will slow down for the next few months to keep within the limits over the rolling six months period.

Posted by invest_101 > 2016-09-30 01:36 | Report Abuse

At current prices, GO may be a good option, since the cash is already there, left pocket to the right.

Posted by TheContrarian > 2016-09-30 02:14 | Report Abuse

MGO if triggered is at only 99 sen, the highest buy back price.

Posted by TheContrarian > 2016-09-30 04:52 | Report Abuse

rohank71, pointless to check because it doesn't benefit minority shareholders to complain of any breach.

Posted by TheContrarian > 2016-09-30 20:31 | Report Abuse

MAA's situation is a bit peculiar as the major shareholder Melewar holds the shares through three different companies. I'm not sure if the 2% limit is placed on the total shares held by the Melewar group or separately on each individual company.

Posted by TheContrarian > 2016-10-01 22:25 | Report Abuse

I don't have the circular, wasn't a shareholder at that time.

Posted by yuanlong57 > 2016-10-01 23:02 | Report Abuse

TheContrarian, this may be the link to the so-called circular, MAA CIRCULAR dated 4th June 2002.
Refer to pages 11-12.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4249829

CIRCULAR TO SHAREHOLDERS In relation to the

- PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE
COMPANY

· PROPOSED RENEWAL OF THE AUTHORISATION FOR THE COMPANY TO
PURCHASE ITS OWN SHARES IN ACCORDANCE WITH SECTION 67A OF
THE COMPANIES ACT, 1965

· PROPOSED SHAREHOLDERS’ MANDATE IN RELATION TO RECURRENT
TRANSACTIONS OF A REVENUE OR TRADING NATURE WITH RELATED
PARTIES

In case you need further cross references, the list of circulars since 19 May 2000 to 6th June 2016:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=CS&sub_category=all&alphabetical=All&company=1198

I'm not trained in the legal lingo of corporate rules and regulations. Getting someone familiar with them may help.

Posted by TheContrarian > 2016-10-01 23:46 | Report Abuse

Waiver doesn't require any minority shareholders approval. Waiver is sought by the major shareholder i.e. Melewar (not MAA) from SC and may have been obtained.

Posted by TheContrarian > 2016-10-01 23:49 | Report Abuse

Anyway nothing to worry about. If there's a breach Melewar is answerable to SC not MAA and obligation of a MGO comes from Melewar and at 99 sen no chance of acceptance.

Posted by moneycashrich > 2016-10-02 15:43 | Report Abuse

Who is interested in a MGO at 99 sen ?

Posted by balvin71 > 2016-10-03 07:44 | Report Abuse

Is there a possibility of MAA selling the treasury shares in order to reduce % held by Melewar?
What are the chances for Melewar to get a waiver?

Posted by yuanlong57 > 2016-10-03 16:24 | Report Abuse

TheContrarian, I agree with your viewpoint.

On 15 August 2016, the Securities Commission of Malaysia (“SC”) revised the regulatory framework on take-overs and mergers in Malaysia by introducing the Malaysian Code on Take-Overs and Mergers 2016 (“2016 Code”) and a rule book entitled Rules on Take-Overs, Mergers and Compulsory Acquisition (“2016 Rules”).

SIGNIFICANT IMPLICATION - WEIGHTAGE ON SHAREHOLDERS INTEREST
The 2016 Rules and its notes creates more clarity and progressiveness in line with INCREASED SHAREHOLDER PROTECTION. This is a positive develop for take-overs in Malaysia.

http://www.legalbusinessonline.com/news/sponsored-malaysian-code-take-overs-and-mergers-2016-overview-significant-changes/73167

Posted by yuanlong57 > 2016-10-03 16:35 | Report Abuse

Offer Price

The 2016 Rules now provide that for a mandatory offer arising from an arrangement, agreement or understanding to control, the offer price shall be the higher of:

(a) the highest price paid by the offeror or persons acting in concert, for the voting shares or voting rights of the offeree in the 6 months prior to the triggering of the mandatory offer obligations; or

This means that offerors now are prevented from making offer prices which are significantly lower than the market price.

Posted by yuanlong57 > 2016-10-03 16:41 | Report Abuse

ALL ABOUT TAKE-OVERS CODE

https://www.sc.com.my/legislation-guidelines/take-overs-code/

Posted by yuanlong57 > 2016-10-03 19:21 | Report Abuse

Update on MAA issue as appeared in SinChew newspaper.
http://klse.i3investor.com/blogs/sinchew_company_story/105592.jsp

Posted by TheContrarian > 2016-10-04 13:33 | Report Abuse

This minority shareholders approval is introduced in the new updated Code I think. Previously there was no such approval required as far as I remember.

Posted by moneycashrich > 2016-10-04 15:39 | Report Abuse

weak selling pressure........maybe less willing sellers at this cheap price these days.

Posted by Cipta > 2016-10-04 15:39 | Report Abuse

y do you think the top share owner will use MELEWAR to privatize MAA instead of he/they will privatize MELEWAR first?

Posted by TheContrarian > 2016-10-04 16:05 | Report Abuse

yuanlong57, the sinchew article can translate for us? Can't read Chinese.

Posted by balvin71 > 2016-10-05 08:33 | Report Abuse

Thanks, Rohank

Posted by balvin71 > 2016-10-05 08:36 | Report Abuse

Open Google translate, copy the article and paste....will translate but not very accurate. Will give you the gist of it. Basically, nothing new.....since selling biz, no core biz and now in PN17. Looking to get into manufacturing & Education and expanding into Insurance in PH and lending in OZ. After that will be getting out of PN 17.