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.

Posted by huntertee > 2019-05-29 14:34 | Report Abuse

Why scared? It is still a cash rich company

Posted by afterlight > 2019-05-29 14:35 | Report Abuse

@huntertee Exactly. MSWG will push them to release the dividend anyway.

Posted by Kris Wong > 2019-05-29 14:35 | Report Abuse

Everybody is a loser now it seems !!!

Posted by moneycashrich > 2019-05-29 14:40 | Report Abuse

SCR pass or not ?

Posted by moneycashrich > 2019-05-29 14:41 | Report Abuse

price already dropping.......what is mean then ?

Posted by theong > 2019-05-29 14:48 | Report Abuse

SCR fail.

Posted by stupid > 2019-05-29 15:03 | Report Abuse

now what??

Posted by afterlight > 2019-05-29 15:04 | Report Abuse

@stupid wait 1 year

Posted by TheContrarian > 2019-05-29 15:04 | Report Abuse

Now wait 12 months for fresh offer if there will be one.

Posted by stupid > 2019-05-29 15:07 | Report Abuse

oh no...1 year again.

Posted by csan > 2019-05-29 15:08 | Report Abuse

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.

Posted by Kris Wong > 2019-05-29 15:16 | Report Abuse

Meanwhile company also facing possible delisting under PN17 before the 1 year is up !!!

Posted by csan > 2019-05-29 15:24 | Report Abuse

Company won't delist. I'm almost certain. Just more worried what will happen to the cash.

Posted by Kris Wong > 2019-05-29 15:27 | Report Abuse

Both potential delisting and misuse of the cash are very equally bad !!!

Posted by huntertee > 2019-05-29 15:28 | Report Abuse

Damn. I thought everyone was so gungho about rejecting the SCR. Who knows it will turn out this way

Posted by theong > 2019-05-29 15:31 | Report Abuse

Patient

Posted by sheep > 2019-05-29 15:35 | Report Abuse

if scr rejected, why everyone so disappointed? that isn't what we want?

Posted by sheep > 2019-05-29 15:36 | Report Abuse

am queing to buy more at 0.70

Posted by Cantel Wong > 2019-05-29 15:39 | Report Abuse

should settle at around 70-80 somewhere

Posted by moneycashrich > 2019-05-29 15:42 | Report Abuse

If we read properly..... those who are afraid SCR fail should sell first ok.......those who oppose SCR will not sell. So simple. No disappointment.

Posted by sheep > 2019-05-29 15:46 | Report Abuse

MAA privatisation falls through as minorities reject proposed RM1.10 selective capital repayment

https://www.theedgemarkets.com/article/maa-privatisation-falls-through-minorities-reject-proposed-rm110-selective-capital-repayment

Posted by csan > 2019-05-29 15:46 | Report Abuse

TheContrarian, like I mentioned earlier...gung-ho reject but no solution...better reject and take action or don't reject at all

Posted by sheep > 2019-05-29 15:47 | Report Abuse

if can get at 1.40 next year, ok with me... better than fd

Posted by huntertee > 2019-05-29 15:57 | Report Abuse

@sheep, that is if can get. Hopefully the cash is not squandered by next year and the directors offer something more sensible

Posted by csan > 2019-05-29 16:00 | Report Abuse

huntertee, they mentioned at EGM that they allocated RM200m to make an acquisition....there goes the cash....what 1.40? lol

Posted by Lovers > 2019-05-29 16:09 | Report Abuse

thanks for the reject, we can see the price back to 50cents again

Posted by TheContrarian > 2019-05-29 16:14 | Report Abuse

Yes csan, those big, big minorities talk big only but can't propose a proper solution.

Posted by Kareemabduljabbar > 2019-05-29 16:17 | Report Abuse

TY ply backside

Posted by TA_trader > 2019-05-29 16:20 | Report Abuse

Lovers, you intend to buy some at 0.50 ?

Posted by TheContrarian > 2019-05-29 16:22 | Report Abuse

50 sen also I won't touch. My last purchase was made at 43 sen. All sold at 1.04.

Posted by Lovers > 2019-05-29 16:34 | Report Abuse

No.....All sold before 12.30 just now

Posted by TA_trader > 2019-05-29 16:38 | Report Abuse

@ Lovers, then why do you thank for the reject?

@Thecontrarian, nice, i sold most at 1.00 and some 1.04. Do you intend to re-enter?

Posted by TheContrarian > 2019-05-29 16:44 | Report Abuse

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.

Posted by Lovers > 2019-05-29 16:45 | Report Abuse

@TA_trader, then why u so keen to know whether other ppl intend to re-enter? So Do you intend to re-enter?

Posted by TheContrarian > 2019-05-29 16:46 | Report Abuse

There are many other counters, cash rich and growing, some never made a quarterly loss, selling at deep discount.

Posted by TA_trader > 2019-05-29 16:52 | Report Abuse

@Lovers,

Why you answer a question with a question? Whether i am interested to re-enter, yes. But at the right price and right time.

So why thank for the reject?

Posted by afterlight > 2019-05-29 16:55 | Report Abuse

Tomorrow drop to 50 sens

Posted by Choivo Capital > 2019-05-29 17:00 | Report Abuse

Yeah, sold at 2 days ago for 0.995 for a small loss. It was a small position anyway.

===
TheContrarian Choivo, foolish of you to have bought back.
29/05/2019 4:49 PM

Posted by Choivo Capital > 2019-05-29 17:04 | Report Abuse

These minorities are some of the biggest fools i've ever seen. Just an illogical and emotional decision.

If you don't intend to make a hostile takeover offer, or negotiate beforehand for a higher price, you might as well just shut up and take the SCR.

Talk so loud online, or threaten throw chair at EGM for what?

In the end, the management can now sit back and just continue paying themselves multi-million dollar salaries again.

Remind me of the Stone Master Corporation Berhad shareholders.

Posted by stupid > 2019-05-29 17:05 | Report Abuse

yacoob said no more scr and will buy small business with the money, bomb here your money go

Posted by Choivo Capital > 2019-05-29 17:05 | Report Abuse

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.

Posted by afterlight > 2019-05-29 17:07 | Report Abuse

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.

Posted by afterlight > 2019-05-29 17:09 | Report Abuse

@Choivo Capital ya lo. wait at least another. and if his mood is good, then do another SCR

Posted by TA_trader > 2019-05-29 17:09 | Report Abuse

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.

Posted by Cipta > 2019-05-29 17:31 | Report Abuse

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!

Posted by csan > 2019-05-29 17:35 | Report Abuse

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.

Posted by csan > 2019-05-29 17:37 | Report Abuse

and also can thank the terribly immature aunty Linda77 who talk so big but failed to take solid action.

Posted by afterlight > 2019-05-29 17:40 | Report Abuse

If I am the director, just use the money to acquire his own company at crazy valuation. Siphon $ out from the company.

Posted by csan > 2019-05-29 17:50 | Report Abuse

afterlight, cannot. if that's the case must go for EGM. and TY cannot vote. acquire his friends' companies can. and he can vote.