may be the election does benefit media in certain ways, if it's true, then this could be another chance for a trading buy. i guess that's what morgan stanley is up to.
KUALA LUMPUR (Aug 1): Media Prima Bhd and Hong Leong Industries Bhd have announced that their associated company, Malaysian Newsprint Industries Sdn Bhd (MNI), has initiated creditors' voluntary winding up proceedings.
...
Media Prima said the group will make a full impairment of RM142.4 million arising from the liquidation process, which is its carrying amount of investment in MNI as at end of FY17. This, it added, will adversely impact its financial results for the final quarter of FY17.
Morgan Stanley(MS, US add) still collecting. Why? Local unit trusts sell to them? What is MS plan? Takeover?
MEDIA PRIMA BERHAD
Particulars of substantial Securities Holder
Name MORGAN STANLEY & CO. LLC Address 1585 BROADWAY, NEW YORK, NY 10036 United States. Company No. NIL Nationality/Country of incorporation United States Descriptions (Class) ORDINARY SHARES Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 02 Aug 2017 277,000 Acquired Direct Interest Name of registered holder MORGAN STANLEY & CO. INTERNATIONAL PLC Address of registered holder 25 CABOT SQUARE, CANARY WHARF, LONDON E14 4QA, UNITED KINGDOM Description of "Others" Type of Transaction 2 02 Aug 2017 277,000 Acquired Indirect Interest Name of registered holder MITSUBISHI UFJ FINANCIAL GROUP, INC (MUFG) Address of registered holder 7-1, MARUNOUCHI 2-CHOME, CHIYODA-KU, TOKYO, 100-8330, JAPAN Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred ACQUISITION OF 277,000 SHARES BY MORGAN STANLEY GROUP Nature of interest Direct Interest Direct (units) 74,920,000 Direct (%) 6.754 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 74,920,000 Date of notice 04 Aug 2017 Date notice received by Listed Issuer 04 Aug 2017
last time in one ringgit I thought very cheap and sapu a lot. now what can I say? anyway I can hold because dividend is good but share drop like this i also not recommended buy . just hope media can seriously look at it. I remember on 2008 crisis media still.can live about 1 ringgit. hope it is not did purposely by some bad guys. did media defeat by astro. can government accepts media only 80sen.
@Larrytrader Ivan you can go sapu REV on Monday and earn back your losses hi Larrytrader I appreciate your advise but I really think this is not a good choose now because at 80sen now Media we should hold , we cannot sell , media will recover in one day beside media keep giving high dividend yer by yer , so for me I recommed is hold media and Rev now for me is not a good timing because the good timing already pass For me I prefer said Media is a good timing to enter not Rev sorry this is only my opinion , hope your dun mind all the best
Looks like JP Moorgan could have bought at such cheaper price ??? Whats motive ??? Personally happy to sit tight on my holding n patiently wait ........... ahhhh
Actually it's wise move by Media to close down the Printing Facilities since it incurred losses for the last few years. Given current economic forecast, Media can easily grow back to RM1.1 and more. That's why JP keep buying and wait to reap what it sow.
Next week, monday the qtr report will announce. Im expected it will turn red.. time for me to collect at reasonable price. Hiong hiong buy..im sure n confident it will bounce to above rm1 within 2 years..im not asking n targeting very high, at least up 50% is good for me.. im waiting n hold with my cash trow here...
It depends la..EPF now hold 13% plus, also morgan Stanley hole nearly 7%. When ppl scare, this is time for us to collect.. keep remember, case like mbsb previously also drop below 70sen, see how fast it bouncing within a year.
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ivan9511
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Posted by ivan9511 > 2017-07-19 00:31 | Report Abuse
@ GOSH! media 92 sen only? good thing speakup dumped all at 1.25 about 2 months ago.
congra
now buy back later earn second round , good skill
I was too late to dump and just hold with paper loss 25%
sad