The Board of Directors of MAAG wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request for suspension of trading in the securities of the Company from 9:00 a.m., 27 February 2019 until 5:00 p.m., 27 February 2019 pending the release of a material announcement by the Company.
The request for suspension is made under subparagraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.
Evaluate now what you want to do if that happens. (Even if today’s announcement is not about general offer) Ask yourself at what price you want to sell to him?
Of course don't expect he will offer any premium or near to the book value (BV). I'm suspecting it's going to be around >20% discount to BV.
For me I will not accept anything less than RM1.70 . In fact I hope you won't sell to him at ridiculously cheap unfair price. You don't invest in risky share to be offer an unfair price. All equity shareholders should be compensated fairly to the risk you have undertaken.
The right thing for the board to do is to propose capital reduction and repayment exercise as well as a special cash dividend after getting the remaining balance payment for the Takaful sale and the latest Columbus sale. It's time to reward the shareholders for their continuous support by returning excess cash of the group
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TheContrarian
9,507 posts
Posted by TheContrarian > 2019-02-19 09:36 | Report Abuse
Go, go, go MAA.