Posted by menotassassin > 2021-09-28 19:09 | Report Abuse

There's no way the SCR will fail. Currently it's win-win situation for all. Shareholders that voted no, must be very confident that the share price will break RM2 in coming times, however it has not reach RM2 for 3 years. Before the SCR announcement, it's struggling to break RM1! Then insider caught wind of the news and buy up to RM1.3.
Given that this is a guaranteed earning of 20%, it'll be a huge mistake for anybody that doesn't believe it will go through!

Posted by menotassassin > 2021-09-28 19:14 | Report Abuse

Take note that the offered price is RM1.8-RM2. So there is definitely accumulation of shares for the past few months at RM1.8 range. Once the EGM is passed, it will be RM2 all the way!

Posted by Sslee > 2021-09-28 19:44 | Report Abuse

@ValueInvesting TQVM

Posted by ValueInvesting > 2021-09-28 20:52 | Report Abuse

@menotassassin the offer price is exactly RM2.00 per MMC share, not "RM1.8-RM2" as you have mentioned. You may refer to the company circular and IAL letter dated 8th September to confirm.

Posted by kinuxian > 2021-09-28 21:22 | Report Abuse

@clc689 if u divided institute sales 45.5mil / 1.7 ~ 27mil shares. 27mil is merely 1.8% of 1469mil entitled votes.

Posted by Johnzhang > 2021-09-28 21:27 | Report Abuse

The privatization will go thru and PNB will vote yes. This is in line with the bumiputra agenda announced by PM yesterday.

Posted by menotassassin > 2021-09-28 22:09 | Report Abuse

TSSM should have consulted PNB before proposing this, so I think there wont be any problem with PNB.

Posted by clc689 > 2021-09-29 01:15 | Report Abuse

@valueinvesting the weekly fund flow report from securities research CIMB, MIDF got publish weekly, not sure other research bodies

Posted by fairyz > 2021-09-29 01:24 | Report Abuse

MMC has so many plan to do M&A but seems stopped here and there


Let's see next coming months if we would see any big surprise....

Posted by clc689 > 2021-09-29 01:27 | Report Abuse

@kinuxian Im on the same boat and do believe TSSM should be able to privatize MMC like what he did last time privatized Bernas and Tradewinds with blessing from government fund
TSSM has good experience in privatization…

The fact is local institutions net seller last week where I thought was retailer panic selling caused it.. turns out retailers are the net buyer…

Hopefully no private fund object it and all got 20% earning finger cross~~

Posted by kinuxian > 2021-09-29 09:01 | Report Abuse

@clc689 Retail traders are likely amplified the situation. Total transacted volume is about 96mil. Put aside sell volume from local inst and recycle trade, many retailer traders are actually reacted last week but turn out more buyers. (we shall know these are good / bad decision soon by tml).

Posted by SincereStock > 2021-09-29 09:18 | Report Abuse

sold my MMC at RM1.78, RM0.13 profit without needing to going through the voting ^_^ I am satisfied enough that I got 3 rounds of profit here already, gd luck to you all that convinced that the SCR will go through.

Posted by Mohd Yazid Mohd Ali > 2021-09-29 09:20 | Report Abuse

Buy buy buy some more positiv news ???

Posted by SincereStock > 2021-09-29 09:23 | Report Abuse

I am not that positive with the mentality of justice by some of the so called long term value investors, only willing to risk go through the voting at discounted price like below RM1.7

Posted by sethoylo > 2021-09-29 09:30 | Report Abuse

good luck to you too..

Posted by Johnzhang > 2021-09-29 09:53 | Report Abuse

Reached $1.79 . Just over 2 days the prospect of privatization succeeding suddenly turn brighter???
I still hold the belief that it will go thru in tomorrow’s EGM. It’s worth the risk I took last Friday loading up at $1.64.

Posted by menotassassin > 2021-09-29 10:02 | Report Abuse

Yesterday short selling 500k, today Bursa website didnt show any short selling total. Meaning they covered back yesterday. Short selling to collect.
The SCR will go through!

Posted by Karlos > 2021-09-29 10:31 | Report Abuse

@Johnzhang, well deserved. You have done the most rational thing!

Posted by kinuxian > 2021-09-29 10:39 | Report Abuse

@SincereStock

With more uncertainly US and China market, bad local sentiment, choices pretty clear for long term value investor which stuck at high price. Do remembered not all of them stuck above 3 but many within low range of 2+. Opportunity cost is here when many recovery stock still in low range when view it from long term perspective.

Eg: One who bought at 2.3 back in 2015, by exiting at 2 (15% lose), he can buy Tenaga at 9.7 now where it was traded at 13-14 back then. (34% cheaper). When ppl willing to let go in 1.5-1.6 when speculating SCR will cancelled or failed, higher chances it will plunged below 1.3 when it turned real. Thus, such person will continue holding at 44% lose.

Posted by ValueInvesting > 2021-09-29 10:40 | Report Abuse

@clc689 thanks for sharing! Regarding the reason for local institutions being net sellers last week, my guess is that due to their longer investment time horizon and greater "Investment discipline", they may have chosen to take some profits first hedge against the SCR not being approved as it is ultimately still an uncertain outcome. Whereas retailers may be more focused on the short term gain from the SCR and are more willing risk our relatively small investment sum. Just my guess lah.

Posted by menotassassin > 2021-09-29 10:45 | Report Abuse

It is highly unlikely the SCR will fail, as there is almost no chance for MMC to go higher than RM2 in coming years as it's a conglomerate, just like Berjaya.
Unless there are more than 10% that hope for higher offer from TSSM. TSSM is highly unlikely to offer any higher price as everyone knows MMC hardly ever touch RM2, he might as well just buy it from open market and trigger a compulsory take over once his share reaches 90%.

Posted by kinuxian > 2021-09-29 11:00 | Report Abuse

@SincereStock

By using share swap strategy, practically one can assuming he bought TNB at 11.5 (instead of 9.7 by factoring 15% loss), isn't it chances for recoup their investment is much more higher when normalcy back in 1-2 years.

Afterall, it just simple mental tweak by using share swap strategy.

Posted by Mohd Yazid Mohd Ali > 2021-09-29 11:09 | Report Abuse

2.00 coming soon

Posted by SincereStock > 2021-09-29 11:11 | Report Abuse

@kinuxian good idea, but I will suggest replace TENAGA with SURIA. imo, TENAGA is currectly trade at it's fair price, not undervalued. Should have look for undervalue stock to swap instead. Moreover, SURIA is the stock is the most similarities with MMCCORP

fyi, most of my investment money now have already put into SURIA

Posted by SincereStock > 2021-09-29 11:13 | Report Abuse

I don't suggest people invest into counter that is currently traded at fair value, why? simple just see what happen when people invest MMC at it's fair value (above RM2)

ONLY aim for those undervalued one

Posted by SincereStock > 2021-09-29 11:13 | Report Abuse

not just any undervalue counter, but at least 50% discount from it's fair value

Posted by Mohd Yazid Mohd Ali > 2021-09-29 11:15 | Report Abuse

Concentrete on mmc only ,forget about other cuonters ,1 m coming soon ,Alhamdulliah ,bought 500 lots @ .78 - .80,mac 2020 ,wang besar coming soon

Posted by Karlos > 2021-09-29 11:21 | Report Abuse

@menotassossin. I agree on what you said. If SCR fails, the minority shareholders got nothing to gain but most probably will suffer loss. On the other hand the Offeror can buy cheaper than the failed offer price of RM 2. Take it private directly via share purchase at lower cost!
That is why I have been saying it is crazy to oppose the offer on the table now.

Posted by ValueInvesting > 2021-09-29 12:03 | Report Abuse

@Mohd Yazid Mohd Ali, congrats on your windfall! Let's vote tomorrow for the SCR reso to pass.

Posted by Johnzhang > 2021-09-29 12:08 | Report Abuse

@karlos, I think the listing rule is a general offer is triggered if any shareholders already holding more than 33% in the company increase it's shareholding by 2% or more within any 6 months period. SM definitely has no time to waste on this . He will do what it takes to make it successful in one go.

Posted by Karlos > 2021-09-29 14:44 | Report Abuse

It seems if the offer fails, the Offeror may get to take MMC private via a longer but cheaper way. Very ironic!

Posted by Karlos > 2021-09-29 14:55 | Report Abuse

The Offeror has more to gain if this offer fails and the minority share holders have more to lose!

Posted by WenJun > 2021-09-29 15:05 | Report Abuse

Actually, that is incorrect, if the offeror has to buy in the open market, it will probably end up like FGV, shoot past the takeover price if it failed.

Posted by Karlos > 2021-09-29 15:14 | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

Posted by ruslimz > 2021-09-29 15:19 | Report Abuse

market operators were in action laaaa...

Posted by lofan73 > 2021-09-29 15:22 | Report Abuse

just 2 cts, the GMD is a well known corporate figure who is the specialist in turning ard the company. sure confirm the deal is all settled aldy

Posted by Benhobenhobenho > 2021-09-29 15:28 | Report Abuse

Sure, vote will go thru tomorrow from the reaction of the market today

Posted by WenJun > 2021-09-29 15:36 | Report Abuse

@Karlos Sep 29, 2021 3:14 PM | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

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

If it fails under a takeover proposal like the one with FGV, then it will shoot past RM2, but unfortunately, this is SCR, the uncertainty is there.

The recent drops are risk management, market psychology, and behavioral finance at work. No one knows for sure that the SCR will pass, so they trade according to their understanding and risk tolerance. So, when there is some heavy selling, the reasonable thing to do is assume the takeover will be failed, so fund managers will naturally cut some of their positions to reduce risk exposures, assuming no insider information. Even if those funds are aware of the insider information, they are unlikely to act on it, since it will trigger more harm (career, legal, and reputation) than short-term monetary gain.

Posted by Johnzhang > 2021-09-29 15:43 | Report Abuse

Our market is seriously lack of liquidity and lack of buying interest . As such , manipulator has its way .

Posted by Karlos > 2021-09-29 15:46 | Report Abuse

@WenJun, I though you predict if it fails, price will exceed the offer price?

Posted by ravenhongwei996654 > 2021-09-29 15:48 | Report Abuse

CHILL guys, from what i got from my friends working in registrar the deal failed. im gonna sell all. Luckily i bought in 1.64.

Posted by Karlos > 2021-09-29 15:49 | Report Abuse

Any how we all, except those that sold recently, are finally a happy lot!

Posted by rohank71 > 2021-09-29 15:51 | Report Abuse

good luck ravenhongwei...

Posted by Karlos > 2021-09-29 15:51 | Report Abuse

@raven, be careful it it fails for whatever reason price may even go pass the offer price!

Posted by Benhobenhobenho > 2021-09-29 15:51 | Report Abuse

All kind of rumours around, who to believe?

Posted by ravenhongwei996654 > 2021-09-29 15:51 | Report Abuse

buy at your own risk!!!

Posted by rohank71 > 2021-09-29 15:52 | Report Abuse

belive the EGM results at 12.00 noon tomorrow

Posted by WenJun > 2021-09-29 15:54 | Report Abuse

@Karlos Under SCR, it is more likely to drop than rising if SCR failed as the offeror has no mandate to buy at RM2 if that is the case.

But for a takeover plan similar to FGV (which we were referring to), the offeror just buys up whatever amount of shares at or around the offer price in the open market. So if their plan failed, the price will overshoot the offer price, as those who didn't sell at the offer price think FGV is worth more.

Anyhow, it is a happy day for us! We should celebrate and (of course) remember to attend EGM and vote tomorrow to make sure this is a done case! Cheers!

Posted by Karlos > 2021-09-29 15:59 | Report Abuse

Yes, if the Proposal fails, minority shareholders have more to lose and the Offeror may even gains by buying more MMC shares below RM 2

Posted by rohank71 > 2021-09-29 16:01 | Report Abuse

any one know if mmc will be suspeneded tomorrow pending outcome of EGM