PROSPECTS AND RISK FOR 2018 Barring unforeseen circumstances, we remain confident that the Group is well position to maintain a satisfactory operating performance for the forthcoming year ending 31 March 2018.
The Proposed SCR involves MWE undertaking a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM1.75 per ordinary share in MWE held by all the shareholders of MWE
Hahaha... Let's see. These guys accumulate shares at around RM1.30. Then make offer of 1.75. But on re-listing it goes to over 1.60. People get excited and buy at 1.60+. Big boss laughs and sells his accumulated shares for a handsome profit of 30sen per share and he will give us about 10-15 sen/share from this 30 sen! Win-win or is it? As pointed out by Chongyo above, the business is worth more than RM5/share! How long will we have to wait, boss?
The last page, point 9, it states: "please execute the enclosed duplicate of this Letter at the place indicated".
1) Can we accept the offer now? 2) Where is the 'enclosed duplicate of the Letter"? Is it referring to the same letter of point 9? 3) If yes, there is not 'place indicated', so how to send?
MWE is one of the top 40 most undervalued stock published by Focus Malaysia. But the unscrupulous controlling shareholders will not let you see the money! Better sell and go away.
I doubt Surin has enough minority shareholders' support to get this SCR through. It's just his game, like the last one, to entice more weaker minority shareholders to give up their shares while Surin's cronies acting behind the scene collect the shares. They are doing this in stages..
any idea? success or failure on this privatisation? anyone bought this share above the offer price? anyone average cost is above the offer price?
assuming average cost of most people is at 1.50, by receiving 1.75 is sufficient to cover more than 10 years of dividend on this stock, as the dividend is 2 sen per year. yes, the purpose to hold this stock isn't to receive dividend, but the fact is this stock is illiquid to make capital return at maximum (which is the NTA of 2.57) if this egm cannot go through, the share price will tumble back to 1.30-1.40 level, then you missed the opportunity to realize your profit at 1.75, unless you believe the offeror will make another takeover offer above 1.75. but would the offer be around 2.57, after you viewed this offeror as a stingy person? another factor you should consider is the offeror is the person who manage the business, and bring development and expansion to the business. surrender your share at lower price is reasonable based on this fact.
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Posted by firehawk > 2017-11-07 16:26 | Report Abuse
price @1.33 :o