RELAX cherry88 , look you worry too much , patient , tolerance and bulletproof is this second touching , you feel better , money is not everything , take care your health even most important , i know you depress .
YOUNG GIRL , cherry88 , use more time on family matter is suggest , don't waste time on stock , maybe last time you LUCKY make it , CRISIS will take it away , like me , BAD EXPERIENCE before .kikiki
The big fish if doesnot eat small fish, how the big fish survive. We small fish must joint hands to ffight big fish. Like a big small army of piranhas, will eat up a big shark. let the big shark bleed to death. Advice taken from AyamTua
Minority shareholders meeting highlighted an important point: one of the value propositions (worth 180 mil) is actually a receivable from a subsidiary. Rather sneaky of them to put that in the proposal hoping the shareholders dont notice.
I had a meeting, so i arrived at the end of todays mswg. I have another meeting tomorrow morning but i have sent my proxy form - i dont mswg will attend, they are there just to educate us shareholders.
But as a shareholder i recommend that anyone attending the egm tomorrow to raise questions: ask about the receivables from subsidiaries, cgpm's profitability, the land valuations, the costs to develop them. Also ask why raise funds by issuing shares instead of financing - and is this part of maylands attempt to clear their balance sheet in order to list themselves. Ask them, is this l&g's proposal or mayland's ?
Tell them l&g isnt a subcontractor for mayland - they expect us to buy their land, raise the funds, develop their lands, and then share the profits?
Then vote against the proposal. It creates no value for the company, or its shareholders.
yes, i need to look again at the report, but that's the concern.
as to whether you should sell it to 20 sen, i dont think that's going to change anything. mayland is required to take up at least 820 mil of the RI - whatever the price of the parent may be.
one positive thing is that mayland cant vote during the meeting. ive not heard any commitments from the institutional funds, so if someone can raise the issue (and quote the issues raised by mswg) the institutional funds may be persuaded to vote against too.
The transactions are at RNAV valuation. Most property companies are trading at a discount with some at a deep discount to RNAV most of the time. Why the independent adviser said the deal is fair and reasonable?
All proposed resolutions passed....get ready to buy cheap shares (expected to be sold down by weak and angry retailers) from all the defeated retailers
The best strategy now is (1) subscribe for right issue ,(2) Apply for excess shares left by unsubscribed share holders, (3) arbitrage your existing shares if OR is trading at discount during 5 days trading period.
Would not be high, because Mayland intends to take up unsubscribed shares left by minority shareholders, just like during LA right issue in 2013, Mayland bought 100 million LR from open market about 5 sen each , and get extra units through excess share application.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
drakoryn
97 posts
Posted by drakoryn > 2017-03-13 16:03 | Report Abuse
yes, i'm having a laughing cramp lol