Khazanah has a lot to lose and so has to see this SCR thru's one way or another and fast notwithstanding MAS' financials come this 20th. MAS is a national project consistent with the direction of national development. Therefore, it is upon Khazanah to ensure they have the quota to take MAS private, even if on Monday, the price of MAS should shoot up in the period before SC and relevant authorities approval.
Should the market trade higher than 0.27cts, even after SC approves, it is Khazanah that has to obtain the quota needed to take MAS private. Can it wait? By extension can the Govt. wait? By the way, we the taxpayers are the ultimate financiers.
Please Khazanah, I am paying too much income tax, and GST on the way. Don't squeeze me dry. I need money to keep going with my miserable life. What if I am going to retire, will Government pays me? Khazanah, you shit! You keep on wasting my money (as tax payer) and keep on asking Government to raise tax, merely because you are really not competent to run a sovereign fund! simple calculation shows MAS at best worth only 5 sen, why can't you privatised it with 8 sen and you have save government 971 million!!!
As a shareholder of MAS and Enrich member, I offer myself as MD of MAS.I will ask for 2 yrs to revamp MAS. Here are my plans:
a. Will not delist MAS, so I have RM1.4 B budget to revamp.Will not ask any cent for revamp then b. Offer optional VSS for staff.-Good for problematic staff and will reduce staff c .Identify core business-Rest of division will be MBO or privatise with MAS golden share 30%. d. Manpower supply for aviation school to other airlines.Create income. e. Code sharing with Airasia on office oversea and ticketing/parking. Got comission f. Intensify advertisement to get back confidence. Not done when MH370/MH17
Better option is right issue at 27 sen, then there is no taker except Khazanah. By then Khazanah will control 99 %. What for wasting time and money going through privatisation process ? Business Consultant for Khazanah really useless !!!!!!!!
Khazanah is Gov fully own company, once taken the Gov will continue monitoring the performance, so I believe once privatise the price supposed to fly. This company even you see they likely to be bankrupt, but with all the asset and their big name, they still in a good track to make a profit... Many people think this company will close but this is Malaysian Pride and Gov will continue support this.. On top of that our retirement money is there to ensure this company survived...
Will SC please investigate into insiders trading? Please check any of the close relatives of MAS Directors, Khazanah Directors, Consultants engaged, and people close to the clerks in the Khazanah's office are involved in recent MAS shares transaction. Insiders trading is unethical and illegal !!!!
Any idea who is the Consultant engaged by Khazanah ? Or they themselves having in house Consulting Unit ? If the in house Consulting Unit is effective and competent, then MAS should not bleed to death !!! Long time ago they should have voted the useless Mas Board of Directors out. Idris Jala did a very good job, only to be ruined by the useless successors !!! Who to be blame ? The Khazanah bosses !!!!!!!!!!!!!!
McKinsey is involved in NKRA projects. That should not necessarily make them best choice for the business turn about and long tern business consultants. Not to mention fees charged by McKinsey is astronomically high !!!
Any how, once you spent millions of dollars on consulting fees, please implement what is good for the company (and the nation). Don't get blackmail again by the trade union. Khazanah, please look into welfare of Malaysian tax payer. Every single ringgit is hard earned.
I thought they were going to buyout at at least 30sen. i was holding out for that, but i kinda knew they were going to use some weighted average price for the past three months in getting the calculation for 27sen. In anycase i predicted a bailout and had bought at 17.5sen...
mixed feelings here, im pretty happy with the return but sad that it was at the expense of the perished passengers...
Just realized something. In the announcement, Khazanah aims to de-list MAS by means of Selective Capital Reduction instead of General Offer. Does this mean that they would acquire 100% of MAS shares (about 30% remaining) to get it privatized and the minority shareholders have no choice but to sell? Anyone from legal who would know about this?
This is totally wrong and deprive the shareholders.NO good governance.The fact that 2011-2013 MAS lost RM 4 b. How about 40 yrs ago. Profitable even do not reward the sharholders.T.S Aziz bought his share at RM 11/share. This is total crap. There are many ways to revive MAS. Find a competent person. Many avenues not explore ye.Tho I made my money on 0.27 but. I think delist is not the way. They don't want the people to know who make million of GLC. The shareholders are the one that make MAS move. Its our money.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 307 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11539 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
angelinaloke
254 posts
Posted by angelinaloke > 2014-08-08 13:14 | Report Abuse
not attractive also have to bite or else they will press it down back to 15c or even below. create bankrupt news and etc..