All recent deals with the exception of one were deemed not fair. The recent failures of MAA and Yee Lee may be an indication that the days major shareholders can ride roughshod over minorities are over. Independent Advisors should do a better job than simply repeating the same 'not fair but reasonable' recommendations to earn their fees.
Only know how to complaint from day one, no one ask u to buy maa, if u think d boss is not good or dont know how to run d business, please sell away ur shares.
If you are long term investor, you have to look at this,
MAAG, based on announcement dated 3 April 2018 on PROPOSED VARIATION TO THE UTILISATION OF PROCEEDS FROM THE DISPOSAL OF MAA TAKAFUL BERHAD (“PROPOSAL”).
What I expect some more dividend coming until 2020
Based on the Proposal on note g, Balance of RM 32,822,000 shall be payment of dividends to MAAG Shareholders for 2018 and 2019. The Board intends to utilize approximately RM32.82 million for the payment of dividends to its shareholders for the FYE 2018 and FYE 2019 respectively. So, MAAG shall be proposing dividend for financial year ended 31/12/2019 is 3 sen (less 9 sen already declared in 2018 and July 2019).
Based on the Proposal on note b, To simply the note b, the balance of RM 40,250,000, if unable to identify new business opportunity after 2 years, that is by 30/6/2020, the proceeds allocated for future investment opportunities may be distributed back to the entitled shareholders of MAAG. So, my assumption is MAAG will be distributing further dividend after 30/6/2020 for 14.71 sens. (RM40,250,000 divide by 273,517,752 shares).
Based on the Proposal on note d, To simply the note d, the balance of RM 28,000,000, if unable to identify new business opportunity after 2 years, that is by 30/6/2020, the proceeds allocated for future investment opportunities may be distributed back to the entitled shareholders of MAAG. So, my assumption is MAAG will be distributing further dividend after 30/6/2020 for 10.23 sens. (RM28,000,000 divide by 273,517,752 shares).
The above assumption is based on the Management cannot identify any new businesses to invest .
Thanks Jamesooi. We are here for a long long time ago. Not for those who chase high but did not buy low...around 40 sen ( once in a bluemoon). I have collected at near low. No reason for me to leave this stock.
TP 60 unless positive news. Major SH is frustrated and don't mind the falling price. Genting Malaysia used to buy back above 5 and 4, but the price now is touching 3. They may buy back from those with esos as there is no check and balance, further, why don't use $ to give dividends instead of buying back? Good luck.
If they buy Scholastic IB International SB for sure after the next 2 years they are going to lose money all the way. Lousy college, all the lecturers going to retire very soon...
Can minority shareholders combine shareholding to the required shareholding which allow us to send a manager into the company to safeguard our interest?
@CyberShot Technically, you could, if you could have solely or jointly having at least 5% out of the total shareholding of the company, you may propose to the company on appointing new director at your favor at the upcoming AGM while you are attending or you if you have 10% out of the total shares solely or jointly, you may exercise the right to call an EGM for that. Either way, the Nomination Committee will need to evaluate the candidate and to propose to the Board for approval before any actual further action.
therookieechingchong, those (Theong, Markus, Balvin, Navinshah, Jamesooi, etc) who vote against privatization should have more than 5%. They can act as a group and nominate a director into the company to safeguard our interest.
If Tengku is putting 2nd effort to take, please don't use the lousy Consultant and Investment bank who let him down and embarrassed him. Our co has spent so much money to get a lousy advisor. See the quality of ghostwriter here we know how lousy the previous consultant is. Please don't use the same lousy advisor this time ya, Tengku.
Remember AGM held in April 2018 resolved to pay 12 cents within 2 years. Already paid 6 cents in 2019 so balance of 6 cents on the way before April 2020 ? if buy now below 80 cents the gain is better than EPF for money put in for less than 1/2 year provided no further drop in price. HaHa!
Phin, just glance trough the AGM and can't find the 12 cents within 2 years record. Please teach us where to find this infor. If ture, then can buy for saving.
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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....
dumbMoney
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Posted by dumbMoney > 2019-07-13 21:31 | Report Abuse
All recent deals with the exception of one were deemed not fair. The recent failures of MAA and Yee Lee may be an indication that the days major shareholders can ride roughshod over minorities are over. Independent Advisors should do a better job than simply repeating the same 'not fair but reasonable' recommendations to earn their fees.