Posted by theong > 2017-08-16 15:46 | Report Abuse

It still very cheap at this price.

Posted by theong > 2017-08-16 15:47 | Report Abuse

Sold my accsoft and start buying back some.

Posted by TheContrarian > 2017-08-16 17:08 | Report Abuse

I believe that if MAA fails to find a new core business by end of the year excess cash needs to be distributed to the shareholders.

Posted by balvin71 > 2017-08-16 22:06 | Report Abuse

I can only wish I had that kind of influence....probably it was Theong buying today. :-)

Posted by moneycashrich > 2017-08-16 22:53 | Report Abuse

Good show by believers.

Posted by TheContrarian > 2017-08-17 08:19 | Report Abuse

theong very powerful.

Posted by Alex Foo > 2017-08-17 08:27 | Report Abuse

contra...u got maa kah? haha...I tot insaf

Posted by TheContrarian > 2017-08-17 09:11 | Report Abuse

I bought MAA last year for the dividends.

Posted by moneycashrich > 2017-08-17 11:17 | Report Abuse

suitable for us slow players.......not for hot and fast money players.

Posted by TheContrarian > 2017-08-17 15:11 | Report Abuse

Last year market was very flat, so very few counters to buy. MAA was one, the other was Insas.

Posted by NavinShah > 2017-08-18 15:40 | Report Abuse

Do any know? The new rule in Malaysia? Any foreign insurance company must have a local
Partner. Will this benefit our MAA BHD? If so how? Please share.

Posted by theong > 2017-08-19 09:24 | Report Abuse

If you have recently purchase MAA share . You should read this.
Notes:-

(a) The final amount payable under the Proposed Special Dividend will be determined on the Entitlement Date. Any difference between the actual and indicative amount of the Proposed Special Dividend will be adjusted against the amount to be utilised for future investment opportunities/working capital.

(b) It is the intention of the Board to maintain the listing status of MAAG and to utilise the remaining proceeds of approximately RM196.7 million (after deducting estimated expenses relating to the Proposals of approximately RM2.5 million) to acquire prospective new businesses and/or assets within 24 months from the Completion Date. As at the date of this announcement, the Board has not identified any potential investment opportunities. The Board is still evaluating options for the optimal utilisation of the said proceeds in order to maximise its shareholders’ value.

The Company will make the necessary announcements on any material developments in respect of the above in accordance with the Listing Requirements. If the nature of the transaction requires shareholders’ approval pursuant to the Listing Requirements, the Board will seek the necessary approval from the shareholders of MAAG at an EGM to be convened.


11

Nevertheless, in the event the Group is unable to fully utilise the allocated proceeds or identify any suitable and viable new businesses and/or assets within the stipulated timeframe (or extended timeframe, if applicable), the proceeds allocated for future investment opportunities may be distributed back to the entitled shareholders of MAAG. The mode and details of any distribution shall be determined and announced later by the Board, and if necessary, the Board will seek the necessary approval from the shareholders of MAAG at an EGM to be convened.

(c) Under the terms of the SPA, MAAG is expected to receive the balance proceeds of the Disposal Consideration amounting to RM93.75 million on the third anniversary of the Completion Date subject to any Pending Purchaser Claims as described in Section 2.3.2(b) of this Announcement. The final proceeds to be received are intended to be utilised towards future investment opportunities and/or as additional working capital to finance the day-to-day operations. Given that the actual proceeds can only be ascertained at a later date, the Company is unable to provide further breakdown of its proposed utilisation at this juncture.

However, the Company will make the necessary announcements on any material developments in respect of the above in accordance with the Listing Requirements. If the nature of the transaction requires shareholders’ approval pursuant to the Listing Requirements, the Board will seek the necessary approval from the shareholders of MAAG at an EGM to be convened.

(d) The proceeds amounting to RM2.5 million are expected to be utilised to defray the professional fees, fees payable to the relevant authorities, expenses to convene EGM, printing, despatch and advertising expenses as well as other miscellaneous expenses relating to the Proposals.

Posted by balvin71 > 2017-08-20 12:19 | Report Abuse

Yes, Theong....this is from the sale of MAAT last year. Point (c), in 2019, they will get cash of almost RM0.47 per share. At current price, MAA is cheap. Once announce purchase of new core biz, can easily make 50~100% return on current price.

Posted by theong > 2017-08-23 18:37 | Report Abuse

Dividend 3cents

Posted by TheContrarian > 2017-08-23 20:20 | Report Abuse

Surprisingly great results.

Posted by balvin71 > 2017-08-23 20:52 | Report Abuse

NTA per share 2.05.....EPS 11.13.....1 word....WOW!!!

Posted by TheContrarian > 2017-08-23 20:56 | Report Abuse

What contributed to the high EPS?

Posted by Alex Foo > 2017-08-23 21:22 | Report Abuse

kikiki

Posted by moneycashrich > 2017-08-24 07:07 | Report Abuse

3 sen dividend

Posted by TheContrarian > 2017-08-24 07:42 | Report Abuse

Where is it mentioned 3 sen dividend?

Posted by balvin71 > 2017-08-24 08:26 | Report Abuse

Contrarian, based on the Notes to the account, bulk of the profit is from the Investment Holding Segment (RM25.359 million). In this, the major portion is derived from the settlement of amounts owing (previously written off) by PIMA.

Refer to previous announcement for the details: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5393705

The major portion of this is a 'one-off' gain and we won't see it again in the the future. Can remove it in your projections/analysis.

What I like is the share of profit from MAAGAP, only 2 months and contributed RM2.9 million in profit. Just like I had anticipated, MAAGAP alone will be able to generate enough profit to keep the company in a break-even, or small profit, position. All the others will segment will contribute positively to the bottom line of MAA.

Going forward, MAA should continue to be profitable and with a new core business, all in all looks positive for MAA.

I too can't find anything on the 3 sen dividend.

Posted by balvin71 > 2017-08-24 08:31 | Report Abuse

Sorry, for the quarter the Investment Holding profit is RM27.782 million. The RM25.359 million is the 6 months ended figure.

Posted by TheContrarian > 2017-08-24 11:53 | Report Abuse

Yes, interim dividend of 3 sen payable on a date to be determined near the end of the Notes.

Posted by jamesooi > 2017-08-24 16:12 | Report Abuse

MAA GROUP BERHAD (471403-A)
(Incorporated in Malaysia)
NOTES TO THE REPORT FOR THE FINANCIAL QUARTER AND PERIOD ENDED 30 JUNE 2017

Reference to Note B14 - DIVIDEND PAYABLE

During the financial quarter ended 31 March 2017, a first interim dividend of 6 sen per share under the single tier dividend system in respect of the financial year ending 31 December 2017 amounting to RM16,411,065 was paid on 31 March 2017.

The Board of Directors has approved the declaration of a second interim dividend of 3 sen per share under the single tier dividend system in respect of the financial year ending 31 December 2017. The interim dividend payment date will be announced later.

The total interim dividends paid for the current financial period ended 30 June 2017 is 6.0 sen per ordinary share (6 months ended 30 June 2016: 3.0 sen).

Posted by balvin71 > 2017-08-24 18:19 | Report Abuse

Thank you. Missed it.

Posted by TheContrarian > 2017-08-24 20:42 | Report Abuse

The problem remains that it is a tortoise stock this year. I daren't add on.

Posted by theong > 2017-08-24 20:52 | Report Abuse

More dividend coming.With this coming dividend my capital already nil.

Posted by Markus S > 2017-08-25 14:36 | Report Abuse

1)
Available-for-sale financial assets : 199,440,000 (30 June 2017) 36,779,000 (31 December 2016) . What are those other financial ASSETS that they've invested in ? Beside Acquisition of Properties with PIMA (RM37.5 mil) , Philippines Insurance (RM27.25 mil) and the Australia Altech Chemical (AUD2 mil)

2)
Loans and receivables 188,057,000 (30 June 2017) 140,540,000 (31 December 2016) . Why are they behaving like hedge fund? What kind of debts are they buying (is it triple A? corporate or government?) ? Have they not learn their previous bad corporate loans experience? What is the bond yields on average that the company getting?

Posted by moneycashrich > 2017-08-25 15:31 | Report Abuse

Up to today.....based on the latest info.....should continue to stay with MAA or not ?

Posted by TheContrarian > 2017-08-25 19:26 | Report Abuse

Substantial increase of available-for-sale financial assets due to consolidation of MAAGAP which became a 74% subsidiary. In an insurance business there's always substantial amount of investment in financial assets which are mainly quoted investments, bonds etc.

Posted by TheContrarian > 2017-08-25 19:30 | Report Abuse

Fixed deposits placed with banks are now classified under "Loans & Receivables", new accounting standards requirement.

Posted by indranithi > 2017-09-08 16:53 | Report Abuse

Read in The Edge that special dividend of 3 cents payable on 9 Oct, ex-date 23 Sep. Any updates on this?

Posted by jamesooi > 2017-09-14 17:26 | Report Abuse

The Board of Directors of MAAG is pleased to propose a declaration of second interim dividend of 3 sen per share under the Single-Tier Dividend System in respect of the financial year ending 31 December 2017 to be paid on 23 October 2017 to Depositors registered in the Record of Depositors at the closure of business on 2 October 2017.

Posted by TheContrarian > 2017-09-14 18:56 | Report Abuse

First interim 6 sen, second interim 3 sen, total of 9 sen so far. Dividend yield is more than 10% at current market price.

Posted by theong > 2017-09-14 22:23 | Report Abuse

More to come

Posted by danny123 > 2017-10-11 10:25 | Report Abuse

THE MORE D DIV COME, THE SHARE WILL GO DOWN MORE
HA HA HA

Posted by candygirl > 2017-10-12 14:39 | Report Abuse

123 heart is as black as charcoal . Hoping for it to drop further . When he's out here it's time for MAA to go up

Posted by moneycashrich > 2017-10-13 09:20 | Report Abuse

By the way, is it sifu 123 is buying or sapu so that it may go up ?

Posted by jamesooi > 2017-11-17 11:35 | Report Abuse

Something is cooking up, MAA today trading volume increases 3 to 4 times normal trading volume for the last 30days

Posted by moneycashrich > 2017-11-18 13:24 | Report Abuse

James, is the RM196.7 proceed already paid to MAA or still pending ?

Posted by jamesooi > 2017-11-20 12:08 | Report Abuse

Retention sum of RM93,750,000 will be received on 30/06/2018

Posted by jamesooi > 2017-11-20 12:41 | Report Abuse

Financial Statements for the period ended 30/6/2017, just extracted a few points for consideration the value of MAAG,
1. Investment assets - RM389,503,000 Less Liabilities on 2 items Insurance contract liabilities of RM127,325,000 and Trade and other payables RM51,226,000 = RM210,952,000
2. Trade and other receivables RM93,617,000
3. Cash and cash equivalents RM97,342,000
Add up 1+2+3 =RM401,911,000 and divide by no. of shares issued 273,517,752 = RM1.469 per share.
At present, MAAG share price is very bearish at RM0-80 per share, but i see this stock is very under value.
I am still a shareholder since 01/01/2012

Posted by jamesooi > 2017-11-20 12:58 | Report Abuse

Since the day I invested in MAAG, the Management had written off 30,836,000 shares. On 1/12/2015 -written off 1st lot of 11,661,500 shares and 01/12/2016 - written of 2nd lot of 19,174,500 shares. The management intention is create more value to the shareholders and pay less dividend in future. The current shareholders have more dividend to share in the future.

Posted by moneycashrich > 2017-11-20 14:21 | Report Abuse

James, I presume u cost is around 45 sen per share..very low risk indeed. any idea of profit this quarter report ?

Posted by jamesooi > 2017-11-20 14:28 | Report Abuse

NO, It is free share at Zero cost

Posted by moneycashrich > 2017-11-20 14:34 | Report Abuse

James, tq for sharing from time to time.

Posted by theong > 2017-11-22 06:49 | Report Abuse

Buying more.

Posted by NavinShah > 2017-11-22 15:45 | Report Abuse

I am too not selling. Waiting for a speacial
dividend of 47sens by end of this year??? Please
responce.

Posted by NavinShah > 2017-11-23 13:06 | Report Abuse

Ammaa, sure have good news for the minority shareholders

Posted by TheContrarian > 2017-11-23 13:23 | Report Abuse

Got 47 sen special dividend coming?