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 .

Posted by kongming1 > 2021-09-24 11:45 | Report Abuse

@kinuxian meaning to said yesterday is the last day ?

Posted by Sslee > 2021-09-24 11:54 | Report Abuse

At 1.65 is still a valued buy even if SCR fail

Posted by SincereStock > 2021-09-24 12:02 | Report Abuse

Reentered at 1.65, SCR please PASS~!!

Posted by fighter88 > 2021-09-24 12:19 | Report Abuse

Now price 1.65 , failed moslty drop back to 1.35 , EGM pass go to 1.95 , Lose 0.30 , Win 0.30.
!!!

Posted by nickinvests > 2021-09-24 12:22 |

Post removed.Why?

Posted by ziyang8896 > 2021-09-24 12:45 | Report Abuse

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

Posted by ziyang8896 > 2021-09-24 12:50 | Report Abuse

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

Posted by ziyang8896 > 2021-09-24 12:56 | Report Abuse

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

Posted by klseshare > 2021-09-24 13:01 | Report Abuse

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

Posted by ziyang8896 > 2021-09-24 13:01 | Report Abuse

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.

Posted by ziyang8896 > 2021-09-24 13:03 | Report Abuse

Of course everyone buys on own judge whether is worth to invest at this moment. Good luck !

Posted by klseshare > 2021-09-24 13:03 | Report Abuse

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

Posted by DickyMe4 > 2021-09-24 13:05 |

Post removed.Why?

Posted by ziyang8896 > 2021-09-24 13:07 | Report Abuse

It cannot rules out that operator use short selling to scare retailers to throw out thier shares.. is that the possibility? Only God knows

Posted by ziyang8896 > 2021-09-24 13:21 | Report Abuse

I think PNB no point to hurt investors if they not agreed for the deal sure they would turn down when asked for consent before the SCR was launched

Posted by sethoylo > 2021-09-24 14:20 | Report Abuse

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.

Posted by zombie20 > 2021-09-24 15:13 | Report Abuse

wah..... who is disposing???

Posted by ValueInvesting > 2021-09-24 15:31 | Report Abuse

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"!

If you have a direct CDS account, please register an account at https://investor.boardroomlimited.com/

If you have a nominee CDS account please contact your stock broker about how to register to for eproxy/attendance

Since this is a virtual meeting, we can easily do our part to push the SCR resolution towards success!

Posted by SincereStock > 2021-09-24 15:39 | Report Abuse

@sethoylo if want invest for long term can enter after SCR fail lo, that time much more cheaper, now enter mainly is hope for SCR to pass only

Posted by SincereStock > 2021-09-24 15:44 | Report Abuse

take RM2 and leave, why need to wait longer when you can take instant profit here and invest at other undervalued stock

Posted by UncleFollower > 2021-09-24 16:14 | Report Abuse

The irony

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.

Posted by UncleFollower > 2021-09-24 16:14 | Report Abuse

Back all in 1.64 thank you TSSM

Posted by UncleFollower > 2021-09-24 16:18 | Report Abuse

Actually

We dont have to do our part to vote

SM already has the 75%

It's the 10% that can block which our vote wont help

Posted by UncleFollower > 2021-09-24 16:35 | Report Abuse

yes u r right i am just assuming someone like SM already knows he has the 75%

Posted by i3lurker > 2021-09-24 16:35 | Report Abuse

share price dropped coz some big boys believe it will fail

thats what it means

Posted by UncleFollower > 2021-09-24 16:39 | Report Abuse

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

thats what it means
24/09/2021 4:35 PM

Posted by UncleFollower > 2021-09-24 16:40 | Report Abuse

like mmc right now 1.64 and below large queue but wont be surprised at all it falls to 1.54 then 1.44 lol

Posted by Benhobenhobenho > 2021-09-24 16:47 | Report Abuse

Why the fall in prices if the scr is going to go thru? Shouldn't the share prices rise if the privatisation is going to be successful

Posted by SincereStock > 2021-09-24 16:57 | Report Abuse

huge volume traded at 1.64- 1.65, who sell who collect?

Posted by kl2318 > 2021-09-24 17:17 | Report Abuse

I bought 1.64/65.

Posted by sethoylo > 2021-09-24 17:26 | Report Abuse

@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.

worth to bet

Posted by DickyMe5 > 2021-09-24 17:27 |

Post removed.Why?

Posted by SincereStock > 2021-09-24 17:59 | Report Abuse

@sethoylo agreed, that what I am trying to do now too, but just minor side bet here, not going all in

only thing different is I think price can go lower to RM1.2 if SCR fails, but still worth the bet though

it is too tempting for me to reenter at this price, although knowing the risk is there

Posted by ziyang8896 > 2021-09-24 18:15 | Report Abuse

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.

Posted by ziyang8896 > 2021-09-24 18:24 | Report Abuse

Gain 20% vs loss 30% limit down.. don't forget the price keep lower supposed more favor to accept

Posted by benteo78 > 2021-09-24 18:45 | Report Abuse

must register to vote FOR everyone

Posted by benteo78 > 2021-09-24 18:45 | Report Abuse

don't wait wait wait...this is very crucial

Posted by Johnzhang > 2021-09-24 19:05 | Report Abuse

I believe the SCR will get thru. Accordingly, I bought at $1.64 today.
The risk and reward is quite balanced at this price .

Posted by ziyang8896 > 2021-09-24 19:08 | Report Abuse

Ha ha like election,your vote is very important.dont miss it! Don't think sure pass, must action to register and vote FOR

Posted by Good2harvest > 2021-09-24 19:21 | Report Abuse

i also top up some at 1.65-1.69

Posted by Johnzhang > 2021-09-24 21:05 | Report Abuse

The last similar ‘selldown’ also reached the low $1.64 on 27 July before rebounding to recent high of around $1.85.

Posted by UncleFollower > 2021-09-25 15:06 | Report Abuse

those who bought from 22/9 onwards cant vote

exception can instruct broker pick up on T day dont need wait +2

still, those who bought on friday 24/9 onwards cant vote no matter what lol

benteo78 must register to vote FOR everyone
24/09/2021 6:45 PM

Posted by UncleFollower > 2021-09-25 15:09 | Report Abuse

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%.

Posted by UncleFollower > 2021-09-25 15:09 | Report Abuse

Having accumulated enough shares under friendly parties...and with PNB's consent, TSSM finally launched the SCR

Posted by UncleFollower > 2021-09-25 15:09 | Report Abuse

MMC Top 30 used to own 90% of the shares back when I accumulated...only in 2020 this changed

Posted by UncleFollower > 2021-09-25 15:14 | Report Abuse

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

Posted by UncleFollower > 2021-09-25 15:14 | Report Abuse

hope the above is true lol I just want $2 don't need $2.20 $2.40 $2.60 hahahaha

Posted by Syndicates > 2021-09-25 16:24 | Report Abuse

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"

Posted by ziyang8896 > 2021-09-25 16:41 | Report Abuse

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.