Posted by CHLEONG888 > 2021-06-05 12:31 | Report Abuse

think will be able to sell near to RM2.00 if we want to, on next Tuesday

Posted by i3lurker > 2021-06-05 12:33 | Report Abuse

thats because many people will "hope" to be paid RM2.40 but thats really not confirmed yet.

Its a Gamble like 4D
and a lot of people buy 4D

Posted by CHLEONG888 > Jun 5, 2021 12:31 PM | Report Abuse

think will be able to sell near to RM2.00 if we want to, on next Tuesday

Posted by CHLEONG888 > 2021-06-05 12:36 | Report Abuse

parksonguy, mind your words,truly sensitive!!!!!!

Posted by i3lurker > 2021-06-05 12:49 | Report Abuse

"For the avoidance of doubt, STJSB will not be entitled to the bonus shares"

above phrase actually means you will be paid 2.40
coz if he does not pay you 2.40 then he took those bonus shares..AND YOU CAN SUE FOR HIS UNWASHED UNDERWEAR

since he confirms he will NOT take those bonus shares and you were misled by false promises

believers will buy up to 2.20
non-believers will sell off at 1.90

it will be very very interesting

Posted by Karlos > 2021-06-05 13:05 | Report Abuse

Of course if the Offeror really want to take MMC private because it thinks MMC intrinsic value is more than RM 2 per share, the Offeror may likely have to raise the offer price in order to make the offer successful.

Posted by aliyusof > 2021-06-05 13:21 | Report Abuse

Thanks i3lurker!!

Posted by Johnzhang > 2021-06-05 13:24 | Report Abuse

Syed mokhtar won't let any of his privitasation plans to fail . He has done so many successfully which include Tradewinds, Tradewinds plantation, Bernas, North Portl, Johor Port, etc.. If he has to pay slightly more to make sure the exercise go thru he will do so. Afterall, there is so much more he can gain after the successful privatisation.

Posted by fms016 > 2021-06-05 13:57 | Report Abuse

TS SM for sure setting the buy price at RM2..previous session at RM1.69

Do u think who will offer to purchase with a lot of money if not him??

Posted by PSAi3alert > 2021-06-05 14:33 | Report Abuse

EPF will. If the bonus shares is 20% and offer increases by 10%, the final price may work out to be RM2.60.


fms016 TS SM for sure setting the buy price at RM2..previous session at RM1.69

Do u think who will offer to purchase with a lot of money if not him??

Posted by PSAi3alert > 2021-06-05 14:35 | Report Abuse

DLLKT, would you know if there's going to be a 20% bonus shares for disinterested shareholders?


DLLKT We are one Malaysia , we are Malaysian , we are living in harmony ,

I love Malaysia

Posted by aliyusof > 2021-06-05 14:38 | Report Abuse

https://www.theedgemarkets.com/article/jardine-ccl-takeover-bid-cycle-carriage-bintang-snubbed-second-time?type=malaysia

Posted by emsvsi > 2021-06-05 14:46 | Report Abuse

CCB raised it's offer price to rm2.4 which is close to book value in it's takeover bid in March 2021 (earlier in Nov 2019 via SCR (which failed) offer was rm2.20)

As mentioned earlier, the Port division alone is worth at minimum RM4 per MMC share at an EV/EBITDA of only 10 which will value the Port at RM 16 billion (the Chinese which are very active in Port M&A's are willing to pay an EV/EBITDA of 20 for way less strategically located ports - MMC's Ports which are placed along the Straits of Malacca/Singapore is some of, if not the most important waterway in global trade - Syed Mokhtar can flip the Ports at EV/EBITDA of 20 (which translates to RM8 per MMC share btw...) and he knows it). As stated earlier, MMC is truly the Deepest Value stock on the entire Bursa

The news of the Ports IPO that has been picked up by social media and in forum posts here etc, have mistakenly valued the Port in their attempts to value MMC. In the news, the USD1 bil figure that was quoted actually refers to funds that will be raised. In Malaysia, an IPO will usually consist of a public float of 25% of the enlarged share capital.
25% = USD1 bil
100% = USD 4 bil
Which again brings the Port's value to RM16 bil

*In a news article by Reuters in March 2015 (which is even earlier) for example, 30% of the Ports will be offered to cornerstone investors for USD1.5bil, so 100% will be circa USD4.5-5 bil link https://www.reuters.com/article/malaysia-malakoff-corp-ipo-idUKL3N0WJ3LG20150317

Now you see what I see

Posted by DLLKT > 2021-06-05 15:26 | Report Abuse

PSAi3alert DLLKT, would you know if there's going to be a 20% bonus shares for disinterested shareholders?

Two choices
1)every single cent is counted , minimum exit at RM2 per share and no logic why we as retail investor to sell below RM2

2)wait for revise offer from SM @ Seaport , PNB as 2nd largest shareholder may seek for more premium

Remark
a)SM NEVER EVER fail in his privatisation exercise
b)”SOMEONE” is disposing on Friday at RM1.69, do you think is retail player ?....yes but maybe very very small qtty only, who is the underwriter for this privatisation exercise ?...try to create impression for some one to throw at below RM2!!!...”SOMEONE”is hoping retailer to throw at below RM2....even RM1.99 also good for them but why shall we give away that RM0.01 cent even is relatively small....every cent is counted

Merely my opinion and you should know what to do

This my last comment and see me at other stock forum

Good luck and love Malaysia and Malaysian

Posted by beluga > 2021-06-05 15:30 | Report Abuse

Sometimes takeover go through, sometimes it does not. It's not a sure thing. It all depends on the number of shareholders voted on the EGM and/or its shareholdings. Shareholders have the ultimate says. Last year Jardine Matheson failed to takeover Cycle Carriage Bintang Bhd. This year they tried again with sweeten offer. Again, it failed the second time. MAA privatisation also failed because the shareholders rejected the low offer. And few other cases.

I’m sure some MMC shareholders will find RM2 offer is too low. It is corporate democracy... it will purely be NUMBERS game. Who has the number. Just like elections. Do you have the number? (eg. Anwar said he has)

PNB owns about 20% or more through its Amanah funds. PNB is not party acting in concert. PNB alone will be able to veto this deal. EPF also owns about 2%. If PNB agrees, which in my opinion most likely they will judging from PNB/EPF support of MMC's previous corporate RPT transactions in 2008.

So, i think this privatisation deal will likely go through.

Unless PNB and EPF will voluntarily abstain from voting and only let minority shareholders to decide if the proposed deal should go through or not. Do you think that will happen? I don't think so. Based on the 2008 RPT, we can deduce or suspect how BFF between SM and PNB.

Regardless, PNB has a duty to maximise value for its stakeholders since it is managing public funds. Their mandate is to enrich the lives of Bumiputeras and all Malaysians. With such great power comes with great responsibility. In my opinion, they can easily and should negotiate a slight higher offer, let’s say at RM2.20 per share. Even at RM2.20, it will still be 30% discount to MMC book value. Everyone still win. Bumiputeras, Malaysians, PNB bosses, SM, MMC shareholders, independent directors, bankers, lawyers all win. It looks good on PNB for doing their best and leverage on their veto position in the interest of Bumiputeras and Malaysians.

Posted by beluga > 2021-06-05 15:46 | Report Abuse

From the top 30 largest shareholders list, one person name Lam Kong Tang owns 1.61% , if he can accumulate another extra 3.2% , which makes him 4.8% ownership, then he alone too (beside PNB) will be able to veto this deal. From this Tue until few days before the EGM, Lam Kong Tang or ANYONE, including local/foreign funds, existing or new shareholders can still buy MMC shares.

There are many other possibilities. Very unlikely there will be other competing offer. But if that happens, it will be a really fun and interesting corporate takeover exercise .

Posted by DLLKT > 2021-06-05 15:46 | Report Abuse

Yesterday I dreamed MMC at RM2.35

Remark:
Pls judge me based on my previous PREDICTION, article or statement , is it I’m competent guy or merely speculator

Again, this is my last comment , ha ha

Posted by xiaomiin > 2021-06-05 15:47 | Report Abuse

very basic question here. May i know how minority can go against SM (only) who holds 51% on privatization?

Posted by aliyusof > 2021-06-05 15:49 | Report Abuse

emsvsi....thank you! Ya, may i ask, if u do not mind, what are you advices on this SCR offer, or what will u do? Quite new to this myself.

Posted by RAYDALIO_MALAYSIA > 2021-06-05 15:50 | Report Abuse

Die die will only dispose at RM2 or above

1 cent discount also won’t give away

Posted by RAYDALIO_MALAYSIA > 2021-06-05 15:51 | Report Abuse

The offer of RM2 per share , in fact is truly under value

Posted by RAYDALIO_MALAYSIA > 2021-06-05 15:51 | Report Abuse

MMC intrinsic value easily at RM4.50 per share if take into Sendai land current value

Posted by BULLBULL_BULL > 2021-06-05 15:57 | Report Abuse

Parksonguy

Shame on you

Posted by BULLBULL_BULL > 2021-06-05 15:58 | Report Abuse

Parksonguy

Malaysia no need the citizen like you

Posted by BULLBULL_BULL > 2021-06-05 15:58 | Report Abuse

Dont talk this bullshiittt guy la, I will wait till closing date around the corner only make decision, RM2 almost for sure , waiting for another week maybe will land more premium or incentive , my two cents opinion

Posted by Karlos > 2021-06-05 15:59 | Report Abuse

Singapore Exchange has recently changed take the over rule. The offer must not only be reasonable but must also be fair i.e. the exit price offered must be not lower than revised net asset value per share.

Posted by katsul51 > 2021-06-05 16:00 | Report Abuse

# Xiaomiin - SCR cannot vote. Second largest shareholder is PNB (19 %) but PNB's entry price is above RM 2. My 2 cents thought it own go thru but can enjoy the ride

Posted by RAYDALIO_MALAYSIA > 2021-06-05 16:03 | Report Abuse

Indeed, PNB entry price above RM2 and no reason they will accept RM2,

Posted by RAYDALIO_MALAYSIA > 2021-06-05 16:03 | Report Abuse

Hope for more than RM2

Posted by RAYDALIO_MALAYSIA > 2021-06-05 16:03 | Report Abuse

Go go go

Posted by BULLBULL_BULL > 2021-06-05 16:05 | Report Abuse

We all retail investors must unity and wait for higher offer

Posted by BULLBULL_BULL > 2021-06-05 16:05 | Report Abuse

Once in a lifetime opportunity

Posted by BULLBULL_BULL > 2021-06-05 16:05 | Report Abuse

Ini kali la

Posted by beluga > 2021-06-05 16:13 | Report Abuse

@xiaomiin , one of the 3 conditions that SM has to meet during EGM is : The proposed deal must NOT be voted against by more than 10% of the votes in value of the entitled shareholders (minus SM shareholdings... SM is not counted because the interest is conflicted).

In this case, the numbers is already fixed. The rest of minority shareholders own 48.2% which is 1,468,949,712 shares. 10% out of 1,468,949,712 shares is 146,894,971 shares.  So that means, if there is 146,894,972 shares that voted AGAINST , the whole takeover will fail. 146,894,972 shares is effectively about 4.8% of MMC total shares.

Hence, PNB who controls 580,387,600 shares can VETO this deal regardless what you, me, or other shareholders want. They have the number.

Let's hope many news reporters will ask what PNB plan to do in order to maximise the value and use its power for the people's interest. Remember, PNB is managing public funds especially Bumiputeras and Malaysians. Their veto position is clear and obvious. And they also have a clear mandate.

Posted by Karlos > 2021-06-05 16:20 | Report Abuse

Agreed very likely there won't be any competing offer as the current Offeror has absolute majority control but if the Offeror really want to privatize MMC, the Offeror may have to up the offer price if minority shareholders reject the current offer price.

Posted by xiaomiin > 2021-06-05 16:25 | Report Abuse

@beluga, very thank you for your explanation as i am confused when people say SM got 51%, and got the numbers needed to privatize. Then i asked, why not SM offer RM 1.5 per share will do since he can control all these. It is illogic. Lucky to have someone like you to explain.

Posted by PSAi3alert > 2021-06-05 16:28 | Report Abuse

DLLKT, Hahaha. Thanks much for sharing your dream.


DLLKT Yesterday I dreamed MMC at RM2.35

Remark:
Pls judge me based on my previous PREDICTION, article or statement , is it I’m competent guy or merely speculator

Again, this is my last comment , ha ha

Posted by RAYDALIO_MALAYSIA > 2021-06-05 16:34 | Report Abuse

Feel proud and happy, all retailer investor make good profit at least at RM2 per share if not greedy la

Posted by RAYDALIO_MALAYSIA > 2021-06-05 16:35 | Report Abuse

Cheerrrssss MMC investors

Posted by flyinv > 2021-06-05 17:31 | Report Abuse

Thanks to all for all the good insights...truly we are only bilis, nothing to compare against those corporate giants! we need to be united keep each others to be well informed...

Very sad what happened to those in serba, bilis fighting each others.

Posted by emsvsi > 2021-06-05 17:37 | Report Abuse

Wait for the report from the independent advisor, and the date for the EGM, and get the media & news outlets to approach the major disinterested parties (ie shareholders who are not the Offerors) to seek for their opinion, which in the case of MMC, is Amanah Saham Bumiputera (ASB), which is administered by PNB. As stated earlier, on top of ESG and 'fairness' as well as minority shareholder rights in the spotlight, PNB also has a fiduciary duty to maximise returns for its ASB holders

As such, based on the most recent privatisation exercise(s), failed or otherwise, the minimum acceptable revised offer price (in my opinion) per MMC share is RM2.20 (which is 10% higher - similar to Cycle Carriage Bintang's (CCB) and Selangor Properties Bhd's (SPB) revised offers). Note: minimum

*in the CCB privatisation, there were reports from media & news outlets on the major disinterested shareholders' views that the offer price was too low

Posted by i3lurker > 2021-06-05 17:44 | Report Abuse

this thingy MUST be completed quickly

whether PNB veto or not can change if Govt change.
The Chairman of PNB can change.

Emergency supposed to end 1 August 2021.
its all fluid.
Possible elections and change of govt. can impact business plans.

I am more inclined to believe that this will go through.
Change of govt will only mean whether PNB will "ask" Syed to cough out more money or not.

Either way I believe Bilis will get paid.

Posted by joshua123321 > 2021-06-05 17:48 | Report Abuse

Tuesday pre-market limit up again?

Posted by maksuna > 2021-06-05 18:53 | Report Abuse

DLLKT... I hope ur dream comes true ...

Posted by maksuna > 2021-06-05 18:56 | Report Abuse

Parksonguy... Ur naughty boy.. Don't play play with us. No racist statement pls.

Posted by Mike Jcy > 2021-06-05 19:00 | Report Abuse

@DLLKT, hi may I know which counters do you have own? Thank u

Posted by aliyusof > 2021-06-05 19:22 | Report Abuse

Thank you everyone above for all the useful information and inputs or advices. Have better understanding nox of the proposed SCR. Congrats to all too.

Posted by Ogopogo > 2021-06-05 21:23 | Report Abuse

Appreciate all your sharing here which give us better picture of what is going on here. Please continue to share oon this for the benefit of all.

Parksonguy i racist, sad to know that people like i still exist.important details of t

Posted by Ogopogo > 2021-06-05 21:24 | Report Abuse

u....aiyoh...typo

Posted by keown83 > 2021-06-05 23:07 | Report Abuse

@flyinv let them fight..they shouldn't enter serbadk in the 1st place..their price movement post 1st wave covid vs their QR posed a lot of question, now its all answered

Posted by necro > 2021-06-06 01:21 | Report Abuse

The offer is NOT FAIR & NOT REASONABLE

MMC average price for the last 12 year is above RM2, imagine your funds like EPF, KWAP, LTH & others buy for more than a decade incur a huge loss in capital aim that one day one of the biggest Malaysia conglomerate can give fruitful return instead being capitalised by the owner.

I'm sure those fund will reject the take over proposal because the assets under MMC is huge, only blind people will agree of this take over.

Raise the take over price, at least RM3.50