the board of director are working hard eg..disposed non-core business of securities firms, buying house mortgage firm in Australia, disposing money losing insurance business in Indonesia, disposing MAAKL to Manulife. Insurance has many regulation, unlike other business which we can sell/buy freely on willing seller willing buyer basis.
MAA is moving accompany with good volume, more upside to be seen.Will it break its strong resistance of 0.715.Watch closely for a strong reversals latter today or tomorrow.
Good morning......waiting...what the big shareholder really want..will determine the cash flowing into our pocket....They wait....we wait....sure win no lose in this football game.
confuse. MAA needs capital to fulfill Bank Negara's regulation on paid up capital for its two Takaful insurance and yet distribute lucrative div.. What is the board of directors planning?
Don't worry. Our MAA big boss still hold his shares. If no good, already sold to others, I believe that he will take care of MAA. Also net RM1.40 value. Not a 'kosong' company. Can sleep well.
As a shareholder, I always concern about the future of the company. Can the company grow in a sustainable way? If the cash cow keeps distributing large part of its profit to the major shareholder without considering the future of the company, the cash will drain out soon. Keep in mind that MAA still in the mid of regulate its biz plan to fulfill Bank Negara requirement to lift the PN17 status.
I believe the cash is enough for the licence capital and special dividend. Only 3 sen is peanuts. I have two choice - to stay invest ...or sell out... I will wait ...may win or may lose if share fall.
RM0.60 is good price to stay, by RM0.03 per year interest.is 5%, better then bank, if privatize, the book value RM1.40, they need return to share holder.
Still a lot of potential for future growth and with good NTA figure and it is a dividend stock. Since this year, the company has declared 6 sen dividend. I agreed with moneycashrich, near future TP is RM1-00.
The announcement is positive as it brought to closure the long dispute with Zurich Insurance. Also MAA should be able to book in this current financial quarter a write back provision of 12 million or eps of 4 cents. For the second quarter financial result (to be announced this month),if MAA is able to achieve a decent profit, then there is a good chance that MAA can submit a self-regularisation plan to Bursa (for upliftment out of PN 17).
If you are patient and do not need the money, maybe can hold. Downside to share price is limited unless there is a major stock market correction. This is my best calculated guess.
Hi guys, I would like to give my 2 cents worth on this stock. Firstly the fundamentals are reasonably good. TY. Repeatedly stated MAA does not have enough funds to buy any finance assets hence the only option left is self regularization or worst case scenario being delisted. The threat of being delisted is of a major concern to investors, fund managers etc hence I think it's a major reason for the share's under-performance.
So I think virgogo might be correct in his view of a self-regularization option and since the Zurich matter is fully settled, bursa might just grant it. Now the million dollar question is "when?" Just wait for the next qtr results which I think will be good, MAA might apply for it. Give Bursa 1 month to consider so the could be in October 2014.
So since the fundamentals are good, the next option to look at would be the charts. Most of the indicators are bullish, watch out for a vol/price spike which may be fairly soon. First it needs to break the 0.705 then the 0.75 followed by some mkt rumour then likely 1.20 to 1.50 for the upliftment .
This will surely happen if the events unfold as I anticipate it would in the near future
Went into MAA recently after watching for a while. What I liked is the NTA almost twice of current price and started giving dividends. PN17 should be uplifted in a matter of time, doubt if it will be delisted as won't look good for Bursa, especially if trying to get more companies to list.
If need more capital to meet BNM requirement can do a rights issue. I agree with Jetli, need to close about 0.705 to explode and with news of out of PM17, 1.50 easily. Good luck to all.
Why need capital, they have more than 150 million cash. To inject to maa takaful, they only need 75 million (75% shareholding of maa takaful). If delist, Bursa must be the worst regulator/ institution in the world. Compare many many companies still listed in bursa showing minimal businness and profitability and still being listed. Look at Air Asia X after listing and those companies with turnover of less than 5 million a year. Base on all factors available, there is only 1% chance Maa will be delisted (provided you have clown running bursa malaysia
My point exactly. Capital required in case there is a need to comply with BNM RBC requirements. As for clowns, unfortunately, we have them everywhere.....shhhhh....Sedition Act.....Hahaha
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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....
Cipta
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Posted by Cipta > 2014-06-05 22:41 | Report Abuse
the board of director are working hard eg..disposed non-core business of securities firms, buying house mortgage firm in Australia, disposing money losing insurance business in Indonesia, disposing MAAKL to Manulife. Insurance has many regulation, unlike other business which we can sell/buy freely on willing seller willing buyer basis.