Posted by twh888 > 2019-03-01 11:37 | Report Abuse

@TA_trader. Agree with all you said. My question is what if the offerer decides to wait it out if the offer is rejected? Price may fall back to 0.45?

Posted by jamesooi > 2019-03-01 11:52 | Report Abuse

any additonal update on:
@theong = 500000
@markus & partner = 1290000
@balvin = 1223800 ?
@navinshah = 1292000 ?
@jamesooi & friends = 5510000

Posted by balvin71 > 2019-03-01 12:14 | Report Abuse

any additonal update on:
@theong = 500000
@markus & partner = 1290000
@balvin & friends = 1694400
@navinshah = 1292000 ?
@jamesooi & friends = 5510000

Posted by Cipta > 2019-03-01 12:58 | Report Abuse

Since minority is the majority, Why not we form a minority group to counter offer RM1. 15 to buy off Mekewar 36%. I guarantee no a single cent we need to splash out to take over Melewar share.

Posted by theong > 2019-03-01 13:09 | Report Abuse

Major shareholder using scare tactic to accumulate at rm1? Rich powerful peoples getting richer by manipulated .

Posted by Snake > 2019-03-01 13:14 | Report Abuse

Added....

Posted by Cipta > 2019-03-01 13:18 | Report Abuse

Another possibility is buy at 60cebts, n sell at rm1 after news announced. If someone is borrowing to speculate, he can make 50% return in 2-3 days.
The same tactics can apply when SCR increase. So double earnings in a privatization case.
So someone is selling not a strange thing.

Posted by markus > 2019-03-01 13:30 | Report Abuse

yes, let's form the group that will reject the offer. I respect other speculators that wish to sell early. We all have different priorities, different timeline of investing. Some treat stock market purely for speculating in short term. NOTHING wrong. Just different strategy and style. I do speculating too. But not in MAA. So please respect the few of us here that in this for the long term ; has been in this company for LONG time. (I don't comment negatively to other's comments; i just ignore n respect other opinion. Let's get focus what's important. I'm not keen for proving who's right here or waste my time keyboard warrioring those that differ my opinion).

MAA is in very important / "critical" period now due to this take-over bid... Please email me at markus_see@yahoo.com if you are long term investor that want a FAIR value. I am investor since 2012. I will be away for vacation from tomorrow onwards until 15 march. Hope I can reply fast.
Will just get the name list first , like contact number then we can form a whatsapp group from there . I believe we are all patient investor. :) Usually take over process will take 6 months - 9 months.... depend on the situation; we have time.

Thank you for your understanding.


Take Over transaction
|
If offerer gain 75% of the entitle voting right of the company and not more than 10% vote against
|
Service of notice to the remaining minority shareholders
|
Minority shareholder may request for a list of names and addresses of other dissenting shareholder
|
etc etc...


VERY IMPORTANT IS WE HAVE 10% OF VOTE AGAINST HIS OFFER and BLOCK THE DEAL.

The magic number is : 16774066
16774066 shares enough to block the offer.

@theong = 500000
@markus & partner = 1290000
@balvin & friends = 1694400
@navinshah = 1292000 ?
@jamesooi & friends = 5510000

Posted by theong > 2019-03-01 13:52 | Report Abuse

I am with you . You can count me in.

Posted by moneycashrich > 2019-03-01 13:53 | Report Abuse

PN 17, any anybody want to buy ? Price now dropping. Cheap sales for all.

Posted by stock1288 > 2019-03-01 14:00 | Report Abuse

Pn 17 or not, this is CASH $$$$$$ rich counter. Worth rm2 per share with all the cash and assets

Posted by stock1288 > 2019-03-01 14:01 | Report Abuse

I am keeping my shares for the long ride.

Posted by stock1288 > 2019-03-01 14:01 | Report Abuse

Since I already waited day 1 of pn17

Posted by theong > 2019-03-01 14:32 | Report Abuse

Yes will buy let see how trading today.

Posted by candygirl > 2019-03-01 15:14 | Report Abuse

MAA just sold their Columbus for RM60 MILLION in Dec 2018 .

Posted by candygirl > 2019-03-01 15:17 | Report Abuse

Come 30th June 2019 , RM93 MILLION will be paid to MAA from the selling of Takaful

Posted by candygirl > 2019-03-01 15:18 | Report Abuse

can you all see the cash ??

Posted by candygirl > 2019-03-01 15:19 | Report Abuse

this a fucking rich company closing down

Posted by candygirl > 2019-03-01 15:48 | Report Abuse

And TY try to make the profitable Insurance co. in Philippine invisible by not taking it into account

Posted by candygirl > 2019-03-01 15:50 | Report Abuse

Presumably TY wants to settle it fast before the RM93 mil comes into the co. then the figures starts to show more obvious

Posted by Baobab > 2019-03-01 16:13 | Report Abuse

I hope this is not a typical case where greed turns one into excessive selfishness and inhumane...

Posted by TA_trader > 2019-03-01 16:19 | Report Abuse

GOOD CATCH CANDYGIRL!

Posted by TA_trader > 2019-03-01 17:04 | Report Abuse

upon receipt of 93.75 mil due to MAA in jun 2019, this will bring cash per share to 1.26 per share.

Just cash ya!

Posted by CyberShot > 2019-03-01 17:04 | Report Abuse

I am a simple minded foreigner. If the price hit RM1.80, i would just sell it. But major shareholders can always play magic and minority shareholders are always in disadvantage. Hopefully, the shareholders will change mind and offer higher price to safeguard their reputation in the business world

Posted by afterlight > 2019-03-01 17:07 | Report Abuse

One way, we can force him to issue dividend first, and still SCR at RM1.10

Posted by TheContrarian > 2019-03-01 17:29 | Report Abuse

SCR offer price will be reduced by any dividend paid out.

Posted by Cipta > 2019-03-01 19:03 | Report Abuse

We can counter offer and take his share at RM1. 15 if he doesn't want to increase offer price.

Posted by TheContrarian > 2019-03-01 21:04 | Report Abuse

As far as I know all past SRC proposals in KLSE have been successfully, some with upward revision of initial offer price. This is unlike MGO where there has been several unsuccessful attempts.

Posted by TheContrarian > 2019-03-01 21:05 | Report Abuse

Ops SCR ......

Posted by balvin71 > 2019-03-01 21:55 | Report Abuse

So many people sold their shares today. Even lower than offer price, why they cannot keep for a while longer and sell at 1.10? Like this TY offer is very good. Many people think 0.99~1.03 is already good. So 1.10 must be great!

Posted by markus > 2019-03-02 00:05 | Report Abuse

This weekend, I hope you guys find time to write complain to Securities Commission, the MSWG and MAA Board of Directors. Please email :
aduan@seccom.com.my (SC)
https://www.sc.com.my/investor-empowerment/lodge-a-complaint/capital-market-service-related-complaints
http://www.mswg.org.my/complaint
https://www.maa.my/maa/maagroup/index.php?contact-us-1

Posted by TheContrarian > 2019-03-02 00:07 | Report Abuse

At 1.00 there's only a 10% upside if price is not revised, proceeds could be invested in another counter with greater than 10% upside. This would be how a fully invested savvy stock player thinks.

Posted by theong > 2019-03-02 07:37 | Report Abuse

Come-on let fight for our right. I have already contact Markus.

Posted by candygirl > 2019-03-02 10:12 | Report Abuse

Together we are stronger . I've also emailed my contact to Markus

Posted by TheContrarian > 2019-03-02 10:31 | Report Abuse

You guys and gals should buy up more MAA shares from the market in order to increase your combined shareholdings to edge closer to the 10% level, 10% of the total held by minorities.

Posted by TheContrarian > 2019-03-02 10:33 | Report Abuse

If you have a combined stake of that 10%, the offeror will definitely take your demand seriously and negotiate with you for an acceptable offer price.

Posted by theong > 2019-03-02 12:56 | Report Abuse

Talk and doing nothing is no point .Do something or join us. We fight for a fair price.Let join ✋ together.

Posted by TA_trader > 2019-03-02 13:45 | Report Abuse

Again let's just put it this way
There were alot of sellers yesterday. BUT, in order to sell so much, u needed to have that many buyers as well. If u look at it from d other side, it is also fair to say there were Alot of buyers yesterday.

So question is who were the buyers/sellers?

Potential sellers:
1. Those who have held it previously and who would like to take profit
2. Those who bought them prior to the announcement and would like to take profit
3. Those who are proxies who are interested to keep the price low to make the SCR look attractive?

Potential buyers:
1. Those who see value from 1.00 to 1.10
2. Those who think that the value is greater than 1.10
3. Who else?

So based on the activity despite the higher volume selling, it is also safe to say that there was high volume genuine buying at rm 1.00 who sees the price moving to 1.10 and higher.

Posted by Wanwan > 2019-03-02 19:47 | Report Abuse

I’m a minority of those major minorities, I fully support you all to against the SCR although I still can make some 50% at 1.10 offer price. Let vote for against!

Posted by yuanlong57 > 2019-03-02 23:59 | Report Abuse

Yes, let's rally as a force of minority shareholder to foil the greedy attempt to scoop the valuable cash assets of the company at the expense of minority. Please formulate an outline plan.

Posted by theong > 2019-03-03 11:19 | Report Abuse

I am willingly to attend any EGM I believed the board of directors will calling EGM anytime soon.I am from Kedah.I will try to increase my equity in MAA.I been getting unfair price from campany taken private so many time.This time I will do what are neccessry to fight for fair price.Hope we will make it. Don't just write here and compliant do something make noise to SC. They have the power to take action.

Posted by Baobab > 2019-03-03 15:29 | Report Abuse

In page 201 and 202 of the 2017 annual report, there is a list of 30 largest shareholders. Does anyone know to get in touch with these major shareholders? We can form a stronger alliances with their participation.

Posted by linda77 > 2019-03-03 18:11 | Report Abuse

U all write so much give so many comments because of unjustified offer price.

If you are smart, take action now.

1) go & buy more shares so that you can get the percentage u want for the EGM. How many of u have the gut to buy more?

2) if possible all of you go & buy & push up above 1.10 & melewar will counter offer you higher price later. Are u willing? Dunt chicken out.

3) the share came down to 40sen, all of u behave like Charlie Chaplin. Now the share went up & offer by melewar 1.10 all of u are so greedy & want more & more.

let see what will happen next!
good luck, dunt chicken out, & all the wolf start coming out & barking.

Posted by candygirl > 2019-03-03 20:15 | Report Abuse

why is linda77 barking like a wild dog ?? Definitely has got no interest in MAA .

Posted by Baobab > 2019-03-03 22:23 | Report Abuse

Hi Markus, I am with you too.

Posted by afterlight > 2019-03-04 09:59 | Report Abuse

@Linda77 I am increasing my holding in MAA last Friday, lol...but still small compared to big boys

Posted by jamesooi > 2019-03-04 10:28 | Report Abuse

Hi Markus, I am with you too

Posted by twh888 > 2019-03-04 12:14 | Report Abuse

@theong = 500000
@markus & partner = 1290000
@balvin & friends = 1694400
@navinshah = 1292000 ?
@jamesooi & friends = 5510000
@Cybershot = 150000
@twh888 = 850000
Let’s get a fair value for our investment.

Posted by dompeilee > 2019-03-04 14:56 | Report Abuse

linda77 U all write so much give so many comments because of unjustified offer price.

If you are smart, take action now.

1) go & buy more shares so that you can get the percentage u want for the EGM. How many of u have the gut to buy more?

2) if possible all of you go & buy & push up above 1.10 & melewar will counter offer you higher price later. Are u willing? Dunt chicken out.

3) the share came down to 40sen, all of u behave like Charlie Chaplin. Now the share went up & offer by melewar 1.10 all of u are so greedy & want more & more.

let see what will happen next!
good luck, dunt chicken out, & all the wolf start coming out & barking.
03/03/2019 18:11

If the offer is unsuccessful, the co. will very likely give no more dividends as they can justify since they are officially making losses.

Posted by dompeilee > 2019-03-04 14:57 | Report Abuse

Now mkt is putting a relatively high probability on a failed attempt coz an almost 10% discount to the offer price is quite significant.