Sorry folks. A few only voted against the resolution while more than 90% voted for the resolution.Many made noise at the EGM but nothing can be done now.
---------------------------- In view of today's erratic price behaviour :
Option B :
Guess #1 : Mas cancel its delisting plan-- INFORMED Insiders (cronies and umXXXXtras only ) -- who choose to decline Khanzanah cashoffer,get to stay as shareholder. And the syndicate wack the price up to 2.00-300 next 6 mths.
The offical explanation/justification to those cashed out who complain of cheating will be : those who've chosen to stay SHOW EXCEEDING COURAGE AND TAKEN EXTRA RISK RIDING IT OUT WITH THE NEW MATSALLEH MANAGENT and SO they DESERVE the 2.00 push up.....MALAYSIA BOLEH!!!!
Obviously today AGM successful in taking MAS private! Instead of bursa shoting up 7 points, local funds playout everybody by shorting MAS and rigging bursa down 7 points! Tomorrow just wait for local funds boys to push bursa up!
Do not rub salt to the wound please.All the long time/loyal shareholders of MAS just had it bad. All the information about the SCR is in the circular .Go to the Bursa website and you see the latest circular to shareholders. Page 10 and 11. All will completed by December end. This year 2014 all will be completed..Judgement Day has been done.
This is only the beginning of restructuring MAS! If continue to be listed, don't be surprise declare bankrupt by force! Don't forget 2 tragedies compounded already wounded MAS! So privatising MAS may not be the best option but better than continue denying the fact MAS can't be save!
so many bullish counters on klse,,why waste time n energy on this stupid idiot LAZY company run by majority LAZY TYPE PEOPLE....IT IS A LONG TERM RECOVERY COUNTER
Just to update all MAS shareholders. Normally at the MAS AGM , they will give MAS ticket vouchers.About RM300. At today`s AGM, they were going to give RM800 ticket voucher for all those who attended the AGM and sat through for 4 hours..This is a sweetener to vote yes for the resolution.Anyway the voucher can only be used at MAS office NOT at travel agents. The ticket price will be more expensive than at the travel agents. The vouchers will be sent by post. Anyway now everything is over.
Hey guys new to share market. Do we have to sell at .27sen or can we just keep it through the privatisation process? My understanding is we have to take it at .27sen but do we need to do anything or will they just pay the money into our account and take the shares. Are there any processes involved.
Just wait. End of December you will get your 27 sen and the MAS shares will be gone.People are buying at 26.5 in millions, hoping to make a couple of thousands at end of December.
Hi, Same questions as YLM. So sorry that i not able to attend the EGM last week. Hope to find the out come of the EGM.
Is it better to sell 0.27 cents on bursa or wait to deal it with khazanah?
If plan to deal with Khazanah for 0.27: 1) What should we do for now? 2) what is the requirement to get this 0.27 deal? Or just sit and there is automatic process will happen? 3) Any other benefits to hold our share now till Khazanah deal happen?
Appreciate any sharing for my question and where to find the EGM information. Thank you very much in advance...
Hi YLM & StrongeWinder. I will try to answer your questions to my best knowledge.
1. Yes, the EGM attendees were given RM800 travel voucher by MAS. 2. You can either sell your shares at 27 cents now, or wait until the SCR materializes sometime in December. If you choose to sell now, then you will get back your money almost immediately. But if you choose to wait for the SCR to take place, then you need not to do anything and later on you will be paid automatically according to the lots you hold by the end of December. 3. Either way, you will be paid 27 cents per share. It's just a matter whether you want to be paid now in the open market or by Khazanah in December. No other benefits I believe.
Unless Jentayu's proposal is accepted by Khazanah and therefore the SCR does not materialize in the last minute (very small chance in my opinion), as it stands, you will be paid 27 cents per share.
Thanks ghoyye for the clear answers. I did read some news there is a discussion topic regarding the privilege of buying the MAS future new IPO offer for currently existing share holders if they listed once again. Is this true?
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....
godbless88
1,316 posts
Posted by godbless88 > 2014-11-06 16:48 | Report Abuse
You buy 0.265, they offer you at 0.27.
Unless u buy in very HUGE lots, otherwise you don't make any money.