Posted by moneycashrich > 2014-09-12 15:31 | Report Abuse

MAA now stuck already ?

Posted by moneycashrich > 2014-09-12 15:44 | Report Abuse

Still holding this MAA after ex dividend. low volume...?.........no news?

Posted by nkblog > 2014-09-12 17:33 | Report Abuse

Yah, no excitement

Posted by Cipta > 2014-10-30 10:41 | Report Abuse

excitement will be soon.

Posted by JAMESOOI > 2014-10-30 13:48 | Report Abuse

Do u know MAA GROUP BHD (MAA - 1198 ), share price is RM 0.625 per share on October 30, 2014 ? But it is also a PN 17 company at this point in time has a Cash Reserve in the unaudited account as at 30-6-2014 of RM 312,905,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.028 per share. But you can get it for only RM0.625 per share.
Not to mention that it has paid dividend of RM0.06 per share for this year.
It is really of value and it is a lelong stock.

Posted by Cipta > 2014-10-30 16:24 | Report Abuse

Jamesooi, well said. Not to mention two intangible assets of Takaful license.

Posted by moneycashrich > 2014-11-03 13:22 | Report Abuse

Ya, a peaceful stock....will it be delisted by Bursa if it fail to submit plan ?

Posted by always_steady > 2014-11-03 13:24 | Report Abuse

"peaceful" stock, own perception again, rubbish

Posted by silverbull2 > 2014-11-06 23:48 | Report Abuse

http://www.moneynews.com/MKTNews/Stock-Collapse-Crash-Alert/2014/09/23/id/596321/#ixzz3II8CTiVz

Posted by moneycashrich > 2014-11-14 13:03 | Report Abuse

a sleeping stock so that we can sleep well too.......peacefulllllllllllllllllllllllll

Posted by JAMESOOI > 2014-11-25 11:39 | Report Abuse

Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share. Why share price cannot move up????

Posted by Cipta > 2014-11-25 17:39 | Report Abuse

The price can't moves up because it's PN17 status since fund manager can't buy it in this status. Therefore it provides the small share holder the opportunity to buy it cheap.

Posted by kktom > 2014-11-28 15:29 | Report Abuse

The company starting to buyback share at cheap price.Can it be in future time it will sell them tothe major shareholder in block so that he can have most of it value in his own hand.One more thing 340million may be cant takeover any financial institution.

Posted by moneycashrich > 2014-12-02 10:43 | Report Abuse

still a sleeping stock

Posted by moneycashrich > 2014-12-03 16:10 | Report Abuse

our baby MAA sleeping peaceful in this stormy weather. Goodddddddddddddddd.

Posted by JAMESOOI > 2014-12-04 09:57 | Report Abuse

MAA is sleeping stock and the stock px does not drop much. Is it good to buy some if you still have the cash to invest?

Posted by Cipta > 2014-12-10 10:54 | Report Abuse

For last few months, when price drop to Rm0.62, the co starting buyback. It paid a handsome dividends for last FY.

Posted by moneycashrich > 2014-12-11 10:45 | Report Abuse

still keep on sleeping.....zzzzzzzzzzzzzzz

Posted by yapts > 2014-12-11 16:09 | Report Abuse

Accumulation started quietly.......

Posted by JAMESOOI > 2014-12-11 16:15 | Report Abuse

yes, someone is started to accumulate or is it shares buy back?

Posted by yapts > 2014-12-11 16:38 | Report Abuse

Both...

Posted by Cipta > 2014-12-12 15:33 | Report Abuse

The co buy back at RM0.62. But when it shoots up suddenly in short period let's say RM0.02 in small volume, be carefully, the Pengoreng will release it a little bit demi a little bit (price drop slowly)
until it touch RM0.62

Posted by tradeview > 2014-12-13 14:51 | Report Abuse

Something is brewing. Mkt horrible but price went up with strong buying volume.

Posted by JAMESOOI > 2014-12-14 09:50 | Report Abuse

Price up maybe due to shares buy back. Shares buy back since 19/9/2014 until todate is 1,496,200 shares with the price from RM0.61 to RM RM0.68 per share.

MAA Group is also a PN 17 company at this point in time has a Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share.

Why share price cannot move up???? Still less than RM0.70 per shares. But do u know MAA has
paid dividend of RM0.06 per share for this year.

I think with so much cash in hand , if they declare the same dividend pay out policy like this year it will be good for investors.

It is a lelong stock and i see valve in this company and I also a shareholder in MAA Group.

Posted by akukayalagi > 2014-12-14 10:06 | Report Abuse

Have to be careful.theres two type of share buy back. Share buy back because good performanc3 to increase PE or share buy back just to support the price.

Posted by moneycashrich > 2014-12-15 17:08 | Report Abuse

cash is the king in this terrible market......I am holding it ....unless it zoomed up for me to sell.

Posted by JAMESOOI > 2014-12-15 18:09 | Report Abuse

A PN17 company since 30 September 2011 and it is high time the Management has to solve this problem.

What if the Management has no solution of formulating the Plan to regularise its financial condition by 31 December 2014 to submit it to Bursa Securities for approval.
what will happen to the company?

Since the company has so much cash in hand, why not declare the same dividend to the shareholders.

Posted by Cipta > 2014-12-16 13:51 | Report Abuse

MAA needs to spare RM100mil for Takaful family and RM100mil for Takaful General to comply with BNM takaful regulation. MAA needs to spare cash for operation as well for the Takaful in Malaysia and insurance in Philippine. The fund it has is too small to swallow any insurance company, therefore it all depend on Bursa to amend its old rules on PN17 or it been swallowed by other giant.

Posted by virgogo > 2014-12-16 14:52 | Report Abuse

Maa holds 75% stake in maa takaful bhd. It is already capitalized with paid up cap of 100mill. Thus to break up the business into 2 separate entity. The required max outlay is only 100 mill. With ownership of 75%, maa will need only 75 mill. There is no need for operation cost as the 2entities will already be well capitalized.

Posted by moneycashrich > 2014-12-16 23:47 | Report Abuse

Thanks to Jamesooi, cipta & virgogo for constructive postings........

Posted by JAMESOOI > 2014-12-20 11:14 | Report Abuse

The Management has started the shares buy back of 2,025,200 shares as at 18 Dec 2014.

If the Company continue to shares buy back totaling 10% of the paid up capital of totaling 30,400,000 shares with the present market price of average RM0.67 and if the price goes up to RM1.00 per share in the near future, it will cost the company between RM 21.28 million to RM30.4 million.

The company has the strong Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share.

The shareholders will gain a lot from the exercise, but also will give the present controlling shareholders the advantage of taking the company private or potential target for takeover by the other parties.

So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30% if the share price trading above RM 1.00 per share in the near future.

But beware, MAA Group is also a PN 17 company at this point, and 31/1/2015 is very important date for the minorities sharesholders. It means that the company also can be delisted after 31/1/2015 if the Company has not come up with the Plan to regularise its financial condition for Bursa Securities for approval.

Hope the Management has come up with a good plan to regularise its financial condition for Bursa Securities for approval by the end of the month.

It is a lelong stock and i see valve in this company and I also a shareholder in MAA Group..

Best of luck and happy trading and Merry Xmas.


Hope that this time the Management has a good plan for the company.

Posted by Markus See > 2014-12-22 22:43 | Report Abuse

www.theantdaily.com/Business-Targeted/MAA-Group-to-be-RTO-target/

Posted by silverbulllehh > 2014-12-30 18:08 | Report Abuse

No future.still delisted when the time come

Posted by virgogo > 2014-12-30 18:11 | Report Abuse

Regularsation plan will be submitted to bursa by end of Januari 2015. Refer to announcement tidak for detatls

Posted by xingxian > 2015-01-06 13:13 | Report Abuse

regularization plan already submitted.

Posted by Markus See > 2015-01-07 15:11 | Report Abuse

Dear Muhamad Umar Swift and MAA Board of Directors,

I would like to applaud the board for finally undertaking a regularization/reorganization plan and decide to carry out general takaful business and family takaful business respectively (under 2 different entities due to the new BNM IFSA rules).

I hope MAA will be uplifted from PN17 status soon as MAA share price has been depressed for many years due to this ‘misplacement’. Although I am disappointed with the share prices, I still strongly believe in this company’s fundamentals for its Takaful insurance business which is growing in Malaysia compared to conventional insurance.

It is easier to push Islamic insurance products to Muslim populations in Malaysia. With the recent bad news about flood in east coasts of Malaysia, this should be big opportunity for MAA to grow its general takaful business in that region. Like they say “The best time to own a general insurer is after catastrophe”. Following natural disasters or any bad news, policyholders are amenable to premium increases and non policyholders are accepting and starting to buy.

Maybe MAA Takaful should venture into travel takaful insurance as well?

Best Regards

Posted by stock1288 > 2015-01-12 11:23 | Report Abuse

should be out of PN17 soon....

Posted by Cipta > 2015-01-12 17:13 | Report Abuse

it is a matter of time.

Posted by JAMESOOI > 2015-01-13 09:12 | Report Abuse

The Management has submitted the regularization plan recently to Bursa and together with the implementation of the shares buy back of 2,725,200 shares as at 13 Jan 2015. The share price shall have the potential of upside.

If the shares buy back is fully implemented by the Management in a short period of time, the current Paid up capital of 304,353,752 shares shall be reduce by 30,435,000 shares to 273,918,752 shares.

A few things can happen to the MAA share price. The bad news are
1. with smaller paid up capital, the value of the company goes up, the possibilities that the major shareholders can take the company private.
2. if the regularization plan submitted to Bursa is not approve by Bursa, MAA shall be delisted, then the minorities shareholders shall have to wait for longer period , maybe at 1 year or more for the company to submit another regularization plan.

The good news are
1. if the major shareholders is good, 2015 shall see a good dividend pay out to the minorities shareholders due to less paid up capital if shares buy back is fully implemented.
2. if PN 17 shall be lifted in the near futures, the MAA share price shall easily go back to RM 1-00 or more, when, i do not know. So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30%.

MAA is sleeping stock and the stock px does not drop much further and lately MAA share price up maybe due to shares buy back. The Shares buy back since 19/9/2014 until todate is 2,725,200 shares with the price range from RM0.61 to RM RM0.68 per share.

Is it good to buy some? if you still have the cash to invest? You have to decide it on your own.

I am a shareholder of MAA.

Posted by Cipta > 2015-01-13 17:45 | Report Abuse

Rest assure that it is very disadvantage for major shareholder to privatize it because it's main business is controlled by insurance Act. The regulation plan must subject to the approval of BNM, therefore can foresee that Bursa may extend another 3 months for MAA to get BNM approval.

Posted by kktom > 2015-01-29 21:33 | Report Abuse

share buy back is to support the price preventing to fall but using the company's fund.On the other hand to prevent too much share flooting in the open market.am I wrong?

Posted by JAMESOOI > 2015-02-05 12:46 | Report Abuse

Price up to RM.069 per share in the morning session due to shares buy back by the Company or the Management has finalize with regularization plan or the Board of Directors of MAAG has submitted a fresh application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements??????.

Posted by theong > 2015-02-05 15:01 | Report Abuse

I am collecting more

Posted by JAMESOOI > 2015-02-06 09:11 | Report Abuse

Great, I think MAA is greatly undervalue.

Posted by theong > 2015-02-13 16:36 | Report Abuse

It now more difficult to buy below 0.68

Posted by balvin71 > 2015-02-17 13:59 | Report Abuse

Starting to move.....hope continues all the way to RM1.20.....Good Luck everyone!

Posted by balvin71 > 2015-02-17 14:06 | Report Abuse

Theong, you are right, I have been waiting to pick up some more at 0.68 but cannot get.

Posted by theong > 2015-02-17 14:36 | Report Abuse

Now 0.7 cent also hard to get.

Posted by theong > 2015-02-17 14:39 | Report Abuse

OO break out .

Posted by balvin71 > 2015-02-17 15:17 | Report Abuse

Hope this continues