Really a lot weird comment here, just 1 Pure Privatisation deal also link to CW , i think totally not related to cw , just simple back to basic , Which big shareholder not satisfy the exit price 2.00 ? Why so huge price gap from 11%-18% since 1st day announce till now EGM date fixed ( does it means high chance some shareholder will object and deal failed ) , Normal arbitrage spread in Msia stand at 3%- 5% for recent year . Market price sometime tell the risk and fact .
If only 80% uninterested shareholders vote,means just PNB +EPF+ TABUNG HAJI will become almost 60% ,I don't believe the rest shareholders can't even get another 15% to vote for. If these few days shares traded were not recycle shares,means they all out almost 8%,I am sure many retailers do not vote, especially used the rakuten account caused they need 14days advance to finalize
10% needs for all uninterested shares to object , not registered to vote, means need around 148mil shares need to register to vote against. this is what I think only PNB can do it. I have checked top 30 shareholders except PNB++the rest all have reshuffle..mean most of the shareholders were bought from low side
I think if the fund manager throw the shares instead of go ahead to vote FOR ,they need give report or explanation to their units trust committee why need to throw early instead of wait for RM2..Unless they have a group chat who spread the insider news which I am not believing
yes , i still believe on SCR as PNB most likely is a king maker and this SCR will not even started if PNB is not in favor , further more board has agreed mean also other major shareholders already in agreement . I as retailer had already registered to vote what say you
My view is very high chance is the operator play games...same happened on 27/7 threw to 1.54,sold until no buyers will to come out.very scary,I was thinking finished already this time.The BOD must be objected the offer.Lucky finally nothing was happening.
very simple just follow the instruction available in MMC website and put in your CDS account plus your front and back IC copy , then from board room meeting website enrol for MMC EGM meeting that's all and waiting for 30th Sept to vote for your own pocket
Don't anticipate too much. All possibility is there. if you believe the value of MMC just buy.. keep one or two year.. sure come to RM2 . ..investing is for long term.. If short term that call Ang Pow.
For all old and new investors who wishes for the SCR resolution to be passed during the EGM on 30.09.2021, remember to register to for eproxy / attendance to vote "YES"!
This exercise will only fail if it is so obvious that MMC has more than $2 to be realised by someone other than SM - so why worry when it comes lower and lower.
charts and momentum are not always right...at best 50/50 which means we cant tell at all whats happening behind the scenes. as u know very often a huge rise is preceded by a huge fall - and very often for no clear reason and fall till u scared and sell...
i3lurker share price dropped coz some big boys believe it will fail
@Sincerestock.. Yes this I know. I would tell u I willing to bet, If lose this time than wait 1 to 2 year just consider long term investment. If win than get Ang Pow in short time..
At worse case at this price The most will go further down to 20% to RM1.3 if win you will get 23% at RM2.0.
Is weird to see the price keep on dropping.So far majority comments will vote FOR,even other analysts report also call to accept. Really can't understand,if fail,the price sure drop like hell..why not vote yes. Can't figure out the reason.
TSSM waited and waited and waited...until covid struck drove down MMC
At ths point EPF and Urusharta started selling down. Whether they sold on open market we dont know. Even if its on market transactinos it is likely TSSM who has been waiting has a bunch of nominees buying.
He was given time like never before. Almost a year for him to continue accumulation during which time EPF and Urusharta stake came down from 12-13% to 3%.
The 75% threshold translates to 36.18% required of total outstanding shares of which 27.55% fall under the larger instituitions (not unit trust funds) which we all know have agreed
This leaves 8.63% of total outstanding shares only that has to be "controlled". This includes the unit trust funds who are likely to agree
8.63% cost less than $300M in that covid meltdown period. At $1 it's only about $258M
TSSM and friendly parties probably got it lower than $1 during the meltdown
After having confidence in control they finally launched the SCR
interesting article to read on this week's the edge weekly. "The influential Syed Mokhtar has had a good run since 2018, as he is seen to be close to former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin. His position with the leaders of the ruling party puts him in good stead when it comes to dealing with institutions such as PNB. When He proposed the SCR, Muhyiddin was the prime minister. Now the government is under Datuk Seri Ismail Sabri"
Good analyze@uncleFollower. Can't vote due to deadline list,but can takes it as abstain..no harm, at least reduce for the against vote. Many retailers unable to vote or lazy to register especially use rakuten account..need 14days before 30/9 to submit the proxy form.i believe many retailers have missed it.
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fighter88
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Posted by fighter88 > 2021-09-24 11:44 | Report Abuse
Really a lot weird comment here, just 1 Pure Privatisation deal also link to CW , i think totally not related to cw , just simple back to basic , Which big shareholder not satisfy the exit price 2.00 ? Why so huge price gap from 11%-18% since 1st day announce till now EGM date fixed ( does it means high chance some shareholder will object and deal failed ) , Normal arbitrage spread in Msia stand at 3%- 5% for recent year . Market price sometime tell the risk and fact .