Yes wait 1 year minimum. Money sit there do nothing. Directors should have adjourned meeting...they didn't act in shareholder's interest today....u can be sure they'll squander the cash.
No, because MAA will be loss making for some time which will depress market price further. Even if there's declaration of dividend, market price will always adjust downwards on ex-dividend date. Look at Dutaland, RM800 million cash but market price so depressed.
My gut tells me, some of these people, talk the big talk, but sold their shares post 23 May, since as long as you held shares before 23 may you can vote, if im not mistaken.
you guys think all these Investment Banker cheap a. The major shareholder already spent so much money to launch an offer, and failed. Wait long long until he offers again.
haha its ok. yaacob very angry based on his reply. wasted money for this SCR exercise, no access to one off lum-sum cash. Now have to go through board approval and wait don't know how many years to slowly collect money.
Well done my fellow heros. This will be a Big hit to securities market and a lession to other major shareholder who think to hunt down in cheap using SCR. MAA WILL BE CASE STUDY FOR MANY MANY YEARS AND THE MINORITY HAS MADE THE HISTORY!
if RM200m spent to acquire lousy businesses, you all look for balvin and some of his friends. good of you to take to the mic earlier to talk to board but time will tell if you failed the other shareholders by not planning a hostile takeover or putting in a motion for dividend with the others.
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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....
afterlight
54 posts
Posted by afterlight > 2019-05-29 14:31 | Report Abuse
the company is busy with MSWG reply also. wait a bit more to approve the EGm results.