Yes, who knows. 1) I maybe dreaming that they will pay dividend twice a year of 3 cents each. We will know in a few months time. 2) I think after all the buy backs, majority share holder is now closer to 40%, but I may be dreaming again. 3) Directors are responsible and would like to keep their reputation by not over paying for new biz, as not to effect their reputation and ownership in other publically traded companies. But again, I may be dreaming.
@0.875 sens there is a high margin of safety because cash pile is worth about RM 1.64 per share. Paying 6 sens dividends yearly is no problem it would take years and years to deplete cash hoard. Anyway nobody knows what happens in future but to me MAA is low risk bet.
Buyers are trying to buy cheap and no sellers are willing to sell cheap. It is a good sign that price was well supported . Hope that the announcement of the next qtyly result is not bad and I believe MAAG is going to trending up due to corporate exercise soon.
Company announced cancellation of all 19.5 million treasury shares. This has removed the 10% limit of share buy back. Will aggressive share buy back resume?
It's up to Bursa to approve extention or not. Chairman has said wants to maintain company as listed. I think Bursa will give extension. Bursa needs to promote itself, having many listed company only increases Bursas own value. It is in their interest to grant the extension too.
MAA Group: Turns Philippine general insurance firm into a subsidiary. MAA Group’s unit MAA International Assurance Ltd is increasing its equity interest in associate MAA General Assurance Philippines Inc and turning the general insurance firm into a subsidiary. MAAG said its Labuan-based offshore insurance and investment arm had paid PHP300m (RM26.82m) on Tuesday to subscribe for additional 300,000 new shares with par value of PHP1,000 per share in order to boost its stake from the present 40% to 70%. The proposed subscription is subject to the approval of relevant regulatory authority in the Philippines and Labuan Financial Services Authority. (StarBiz)
In the account in MAAG, the company can do the consolidation MAA Philippines account to MAAG for next qtrly results. If profitable next year, it will benefits MAAG results.
I am also anxiously waiting for news on M&A. By being able to consolidate MAAGAP results, they will be able to report revenue on top of share of profit. I don't think this will help EPS much, have to wait for this biz to grow. Need to acquire a couple more profitable businesses. Than will fly.
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Shall hope also for a speacial dividend. They have the money to pay. Also interim fividend on the way. End Feb thry will announce some good news. I hope.
Danny has spoken again. Share price will go up now. In this case, I agree, no special dividend. Just hoping for the interim dividend of 3 cents that they usually give twice a year. :)
I think margin of safety is quite high for this stock, ie nta around rm2.00, comprising largely cash. In the worst case scenario, even if they buy overvalued assets by 2X, downside in the immediate term would be limited in my opinion. On the other hand if they buy a business with reasonable return, the upside would be substantial especially exiting PN status.
danny123, you very clever la. Please check if MAA interested in the married deal. Than a few of us can get together, buy below RM1.00 and sell at RM1.00 or slightly above RM1.00. Can make easy money. By when you can get back to us?
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balvin71
1,156 posts
Posted by balvin71 > 2016-11-26 12:26 | Report Abuse
Yes, who knows.
1) I maybe dreaming that they will pay dividend twice a year of 3 cents each. We will know in a few months time.
2) I think after all the buy backs, majority share holder is now closer to 40%, but I may be dreaming again.
3) Directors are responsible and would like to keep their reputation by not over paying for new biz, as not to effect their reputation and ownership in other publically traded companies. But again, I may be dreaming.
Like I said, calculated risk.