Posted by taitaumau > 2021-09-26 17:10 | Report Abuse

Based on observation,

Acts by insiders,
(1) Sell down on 8 July - 19 M, T-5 b4 initial offer dateline 15 July
- Fear of delay in BOD meeting/no blessing from PNB
Outcome: Dateline extended ,
(2) Another sudden drop on 27 July - 41 M, T-6 b4 board meeting on 4 August
- Fear of rejection by PNB proxy directors
Outcome: BOD resolved to table EGM

and now,
(3) Start to sell down again on 21 Sept - 27M, T-7 b4 EGM on 30 Sept
- Fear of SCR being vote-down
Outcome: ??

I firmly believe that PNB is of no issue now

May i say,
Premised on 23% support from PNB/EPF/ASB/KWP and with nos of FORUMNERS backing here,
** I fear no threat from other dissenting minorities with insignificant shareholdings **

Disclaimer: I am a entitled voter/Not a buy or sell call

Posted by WenJun > 2021-09-26 18:52 | Report Abuse

In my view, the sell downs are just some tactics used by certain parties that take advantage of the uncertainty to absorb more shares in the market. Take last Friday as an example, notice how the market has some severe selldown at 1.64 minutes before 4:45 pm and the withdrawal of sell queues (still left some at 1.65) after 4:50 pm.

I could be wrong though, but if SCR failed, it essentially remove the price ceiling of MMC. With recent improvements in profits, I couldn't see why it would break below the current price for a long time, besides some potential panic selling and margin calls. It is also in PNB's interest to properly restructure MMC's port business (key ports for the nation) and relist in the future for better valuations.

Also, if SCR failed, it is likely that TSSM will propose a takeover offer again at a higher price, like what was mentioned by Stockraider.

Posted by gemfinder > 2021-09-26 18:58 | Report Abuse

Not tactic la. Anything is posible. If voting against privitisation wins, might gap down back rm1. Those hope for privitisation goes thru, should hv sold when 18x to 19x ma. U tau bo

Posted by i3lurker > 2021-09-26 19:11 | Report Abuse

the share price does not lie

Posted by Karlos > 2021-09-26 21:10 | Report Abuse

At the current price level, it will make little difference if the non interested shareholders will vote for or against the SCR as the intrinsic value of MMC is way above RM 2 anyway. Any how there is no reason for these shareholders to vote against as it may cause the price to go down in the short term. But over the longer term, MMC price may finally reflect its true value.

Posted by Karlos > 2021-09-26 21:30 | Report Abuse

The Offeror I believe must have done at the very least some homework before embarking to take MMC private as it is a large company with strategic assets, not just another small company in non strategic biz.
Earlier some years back, the same Offeror had successfully taken Malakoff in private in 2006 valuing the company some RM 2.6b and got it relisted later on.

Posted by Blablahaha > 2021-09-27 01:12 | Report Abuse

my friend work in mmc office, I heard the second large share holder Amanah saham will not agree the privatization , better sell to keep the profits to avoid the price back to square

Posted by Blablahaha > 2021-09-27 01:13 | Report Abuse

See 1.2 soon

Posted by Blablahaha > 2021-09-27 01:15 | Report Abuse

when reach 1.2 , you all remember need to cut lose ya

Posted by SincereStock > 2021-09-27 07:53 | Report Abuse

frankly speaking, we minor shareholders actually no need to fight over this at the forum now, because at this point we no need to convince other to follow our decision or our believe, as the price swing no longer relevant at this point. it is all only up to the result of the EGM, which might be still *subject to change* itself as well

Posted by SincereStock > 2021-09-27 07:53 | Report Abuse

@Blablahaha if reach 1.2 I sure will top up instead of cut loss

Posted by dompeilee > 2021-09-27 08:07 | Report Abuse

If you can't afford the psychological pressure & paper losses of the price dropping to $1 IN CASE the offer fails, don't touch. Simple!

Posted by ValueInvesting > 2021-09-27 08:07 | Report Abuse

This @Blablahaha account was created just to post these 3 messages at 1am last night. Either this is someone who is so incredibly "kind" as to jeopardize the career of his/her own "friend work in mmc office" just to warn some random users of this forum to sell MMC shares or is someone trying to cause panic among MMC shareholders for reasons he/she knows best. I suppose we need to decide for ourselves which is more likely to be true.

Posted by taitaumau > 2021-09-27 08:40 | Report Abuse

Do u think insider info from PNB office is more reliable than that from MMC office ?

Posted by dinoboy > 2021-09-27 08:44 | Report Abuse

hi all. Anyone received passwords or meeting id to login broadroom apps?

Posted by ValueInvesting > 2021-09-27 08:50 | Report Abuse

@dinoboy, if you have created an account at https://investor.boardroomlimited.com/ and registered to attend the EGM via the "corporate meeting" tab, then you will receive a lumi meeting ID on 29th September 2021 or 30th September itself for you to key in at this webpage https://meeting.boardroomlimited.my/#/ to join the meeting

Posted by csan > 2021-09-27 10:00 | Report Abuse

all these guys like blablahaha and reddit user have no power at all to influence mmc vote. it all boils down to big funds. it's ok to read opinions but there is no need to be affected by any of these comments.

Posted by SincereStock > 2021-09-27 10:13 | Report Abuse

@beluga minority treated unfairly, lmao, here we goes again, investing become fighting for justice. better do charity with money than going up against big tycoon

Posted by Karlos > 2021-09-27 10:17 | Report Abuse

Why against the proposal? If we think MMC undervalued at offer of RM 2.00, we should have bought it all quite recently at much less than RM 1.00 or even at the current price of well below RM 2.00. If RM 2.00 underpriced, certainly current price is a very good bargain. No need argue not fair at RM 2.00, just buy all the available shares currently being offered for sale at much below unfair price!

Posted by Cheah5555 > 2021-09-27 10:24 | Report Abuse

Noticed strong price support at RM1.6+- & reverse course, hope this trend could continues

Posted by Karlos > 2021-09-27 10:25 | Report Abuse

Finally in any market that include the stock market, we can only buy or sell at what the market offer not at what we think it should be priced. Market always disregard subjective individual opinions as the stock market, as we know it, is a complex adaptive system.

Posted by SincereStock > 2021-09-27 10:26 | Report Abuse

@karlos exactly! I am value investor too, I can wait for long, but why wait for long if I can gain instant profit here. I can put the money and time to invest at other undervalue counter

with this kind of mentality lurking around some of the so called long term value investors, given chance, I am going to get out of this counter again for good this time if the price managed to get close to Rm1.8 again prior EGM

Posted by Karlos > 2021-09-27 10:34 | Report Abuse

In investing or trading, it not whether you are right or even wrong is the cardinal issue. It is quite simply can you make money or not out of the market. We have to be wise to admit to ourselves that the market may not want behave exactly to our own wishes. As I said it is a complex adaptive system.

Posted by Karlos > 2021-09-27 10:38 | Report Abuse

Well always wise to remember what, Keynes, the great well known economist said that “In the long run we are all dead”

Posted by SincereStock > 2021-09-27 10:43 | Report Abuse

@karlos true, what we want here is just to make money, if the SCR rejected means paper loss then certainly that is the last thing we want~!

Posted by Karlos > 2021-09-27 11:00 | Report Abuse

Exactly SincereStock. As non controlling shareholders, we will gain nothing by rejecting the offer even if we believe it is unfair. There is more to lose than to gain. If those who really believe RM 2 is unfair price then just buy whatever available now below the unfair price, no need to waste time and effort to just say it is unfair. Life is short, just buy it all below the unfair price!

Posted by stockraider > 2021-09-27 11:37 | Report Abuse

Correctloh....it is better to take your monies back at Rm 2.00, than to get trap for very long time at low prices loh!

Posted by Karlos > Sep 27, 2021 11:00 AM | Report Abuse

Exactly SincereStock. As non controlling shareholders, we will gain nothing by rejecting the offer even if we believe it is unfair. There is more to lose than to gain. If those who really believe RM 2 is unfair price then just buy whatever available now below the unfair price, no need to waste time and effort to just say it is unfair. Life is short, just buy it all below the unfair price!

Posted by Benhobenhobenho > 2021-09-27 12:02 | Report Abuse

What the great economist Keynes said is very true, I think he's probably referring to an average person's longevity. In the long run we are all dead. How long can one live, 75 to 80 is an average age amalaysian can live. How many can live to 100+ personally I feel that it all depends on the age of an investor
If young u can look at long term of a good investment, but what if u are already 70, 75 or 80, can u invest at long term, obviously no la. U may not live to see the fruits of your investment, right?

Posted by Johnzhang > 2021-09-27 12:14 | Report Abuse

It’s has moved up from $1.64 to $1.70. Does it means there is better chance for the privatization to succeed just after a weekend? Those who panic sold last Friday may be wondering what to do now .

Posted by SincereStock > 2021-09-27 12:42 | Report Abuse

where go the people that say price tell everything now? price never tell you anything, it is just risk vs reward thing here, unless you are the true insider that know the result beforehand

Posted by SincereStock > 2021-09-27 12:44 | Report Abuse

for me low (limited downside) = buy, high (limted upside, even if SCR pass) = sell. as soon as it reached my TP this round I will sell again

as simple as that, no need to know the result of the SCR beforehand, just react to the market price accordingly

Posted by Johnzhang > 2021-09-27 13:05 | Report Abuse

The price never tell you the full story especially in our highly inefficient and ‘manipulative market. Just my 2 sen view.

Posted by tallman > 2021-09-27 16:11 | Report Abuse

Honestly speaking, with/without privatise MMC is worth RM2. Please check on the PER. Now is PE10. Next quarter total EPS should be around 20c . At this moment I don't own any MMC share.

Posted by UncleFollower > 2021-09-27 16:15 | Report Abuse

20c a quarter? 80c pa 10PE TP$8.00. No wonder privatisation will fail hahahahaha

Posted by tallman > 2021-09-27 16:26 | Report Abuse

hahaha,
it is total 4q EPS 20c

Posted by tallman > 2021-09-27 16:26 | Report Abuse

not 1 quarter 20c

Posted by UncleFollower > 2021-09-27 16:31 | Report Abuse

Yes it's more like the SCR caps the upside at $2.00 than the other way round totally agree it's worth much more than $2.

Posted by UncleFollower > 2021-09-27 16:33 | Report Abuse

U see the irony...people so scared to buy at 1.7 because they think it's worth more than $2 wtf lol

Posted by stockraider > 2021-09-27 17:04 | Report Abuse

Be brave mah!

Buy lah!

Posted by SincereStock > 2021-09-27 17:10 | Report Abuse

I rather sell for profit at capped RM2 than wait don't know how long with paper loss, that is no brainer. anyone that hope that SCR fail so that price can go above RM2 should only reenter this counter AFTER the SCR failed

Posted by SincereStock > 2021-09-27 17:12 | Report Abuse

those who are still holding any MMC share during the EGM should not hope for it to fail, please investors, have some common sense

Posted by Mohd Yazid Mohd Ali > 2021-09-27 18:26 | Report Abuse

Tomorrow limit up

Posted by clc689 > 2021-09-28 09:48 | Report Abuse

Fund flow chart showed that last week Local Institutional was the Net Seller at MYR 45.5m while Retailers are the Net Buyer at MYR 57.5m, insignificant RSS

Hopefully this is not the insider news caused Local Institution selling last week

Posted by firehawk > 2021-09-28 15:27 | Report Abuse

ValueInvesting @dinoboy, if you have created an account at https://investor.boardroomlimited.com/ and registered to attend the EGM via the "corporate meeting" tab, then you will receive a lumi meeting ID on 29th September 2021 or 30th September itself for you to key in at this webpage https://meeting.boardroomlimited.my/#/ to join the meeting

-------------------------------------------------------------------

Thanks for the info.

Posted by firehawk > 2021-09-28 15:42 | Report Abuse

The approval process will take 1 working business day (excluding public holiday).

so, do it NOW !!!

Posted by ValueInvesting > 2021-09-28 17:20 | Report Abuse

@clc689 do you mind sharing where to access information regard institutional/retail fund flows for particular stocks? Would really appreciate it and thanks in advance!

Posted by Sslee > 2021-09-28 17:21 | Report Abuse

I received this yesterday.
Normally it take how long to verified my CDS account against the General Meeting Record of Depositors?

Dear Shareholder,
Thank you for your application for remote participation and e-voting. Your request have been submitted for system verification and approval.

We will revert to you on your application after we have verified your request against the General Meeting Record of Depositors.

Thank you for using our application!


Thank you.

Regards,
Boardroom Share Registrars Sdn Bhd
Registration Number: 199601006647 (378993-D)
11th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13,
46200 Petaling Jaya, Selangor, Malaysia
T: +60 3 7890 4700 | F: +60 3 7890 4670

Posted by ValueInvesting > 2021-09-28 17:29 | Report Abuse

@Sslee From my experience during the MMC AGM held on 10th May 2021, I received Boardroom's email on 9th May 2021 confirming that my application to attend the AGM has been approved together with the link and login details for the virtual meeting.

So I expect to receive Boardroom's email regarding the EGM tomorrow 29.09.2021 or latest by the morning of 30th September 2021.

Posted by ziyang8896 > 2021-09-28 18:01 | Report Abuse

Final countdown, if not free to attend or afraid might miss the meeting,just send e-proxy vote FOR and put X or falling him/her , the chairman of the meeting as proxy.Then no more worry will miss the vote. Remember every vote is very important.

Posted by ziyang8896 > 2021-09-28 18:03 | Report Abuse

Send pre vote to for sure your vote is there no matter you able to attend the meeting or not.