KUALA LUMPUR (March 9): Former finance minister II Datuk Seri Johari Abdul Ghani has emerged as a shareholder in Media Prima Bhd after buying 109.7 million shares in the open market today through his private investment vehicle, JAG Capital Holdings Sdn Bhd, as the share price of the group tumbled by 10%.
According to an exchange filing today, Johari now has a direct 4.96% or 55 million shares, and indirect 4.93% or 54.7 million shares in Media Prima following a series of acquisitions.
Johari is a director of JAG Capital and CI Holdings Bhd. He is also the chairman and largest shareholder of KUB Malaysia Bhd.
As it stands, Bloomberg data reveals that Aurora Mulia Sdn Bhd, a vehicle related to billionaire Tan Sri Syed Mokhtar Albukhary, is still the largest shareholder of Media Prima with a holding of 31.9% or 353.82 million shares.
Meanwhile, investment bank and financial services company Morgan Stanley is the second largest shareholder with 12.83% or 142.34 million shares.
Recently, Media Prima returned to the black with a net profit of RM18.84 million for the fourth quarter ended Dec 31, 2020 (4QFY20), from a net loss of RM104.46 million a year ago, underpinned by lower operating expenses achieved through its cost optimisation initiatives.
Johari acquired alot of share mean confident on the Media Prima. This stock is good for long term hold and it keep on rising. Nasdaq up a lot, mean tomorrow will rise a lot as well..
. Syed Mokhtar. Stanley Morgan, Johari & EPF all there as they see brighter future of Media. Last 2 qtr, revenues & profits improved. Yes, going longer, you will be handsomely rewarded as Media progress along economy recovery. GOOD LUCK!
JAG capital acquired 20,315,000 shares. Based on open market big volume traded record. 10/3 5,000,000 shares at 64.5sen 10/3 1,500,000 shares at 68sen 10/3 3,815,000 shares at 69sen 11/3 10,000,000 shares at 68sen (dbt)
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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....
DickyMe
14,698 posts
Posted by DickyMe > 2021-03-06 14:29 | Report Abuse
RAMP UP TO DUMP..
Stock which has no value.