They launched a good product. Flexible car insurance. Much lower cost. Low milleague pay lower premium. Up to 40% cheaper after ncb 55%. Mco. Everyone looking for cheaper insurance. Right product. Right time. What more?
It's getting interesting with its management intention to unlock the value for counter. Just wait patiently while enjoy their consistent dividend payout which must higher than FD!
Commenting on other investments, he discloses that P&O also owns Silicon Markets Ltd, a company in London that provides foreign exchange trading systems that incorporate commodities, gold, silver and cryptocurrencies trading.
Another UK-based company that P&O owns is Acumentive Ltd, a real-time asset locating, tracking and management firm, which generates an annual turnover of about £300,000 (RM1.68 million).
“We now have a system that we could sell not just in the UK and Europe, but also Malaysia, Singapore and other Asian countries. We hope that within a year, Acumentive can generate a revenue of £1 million to £2 million,” he says.
P&O also owns Cross-Flow Energy Ltd, a UK-based company that provides a wind turbine integrated energy system to areas that traditionally rely heavily on small-scale diesel power generators as a green energy alternative.
Closer to the region, P&O has shares in HRBoss, a Singapore-based company that provides human resources software for recruiters, which has an annual turnover of US$5.5 million.
A lot of hidden net worth. Major shareholders willing to share in dividend pmt. Just keep the shares patiently For dividend and possibly favourable corporate exercise.
The Proposed Disposal is subject to the ratification by the shareholders of the Company in a general meeting to be held within 3 months from the completion date of the Proposed Disposal. The major Selling Shareholders of HHPL have exercised their rights of drag-along to compel all other minority Selling Shareholders of HHPL (including POD) to execute and proceed to completion of the SPA scheduled on a date no later than 31 December 2021. In this relation, the Company has proceeded with the execution of the SPA and will proceed with the completion of the SPA scheduled on a date no later than 31 December 2021 without imposing its Shareholders’ Approval as a condition precedent to the SPA. The Company has obtained irrevocable and unconditional undertakings dated 1 December 2021 from its major shareholders namely Chan Thye Seng, Mah Wing Investments Limited and Mah Wing Holdings Sdn Bhd with a collective 59.79% equity interest in the Company to vote in favour of the Proposed Disposal at the general meeting to be convened. The Company has also obtained the approval of Bursa Malaysia Securities Berhad on 17 December 2021 to seek shareholders’ ratification of the Proposed Disposal post completion of the Proposed Disposal.
mmediate Announcement of Changes in Treasury Shares PACIFIC & ORIENT BERHAD
Date of transaction 22 Nov 2021 Currency Malaysian Ringgit (MYR) Type of changes Resale Total number of treasury shares changed (units) 100 Minimum price paid for each share sold ($$) 0.935 Maximum price paid for each share sold ($$) 0.935 Total consideration received ($$) 50.07 Total number of treasury shares held after the resale or transfer 19,303,493 Adjusted issued capital after cancellation (no. of shares) (units) 287,085,333
major shareholders namely Chan Thye Seng, Mah Wing Investments Limited and Mah Wing Holdings Sdn Bhd with a collective 59.79% + 6.72% (treasury held shares) = 66.51%.
Easily can go for SCR to privatized P&O for a small sum from their large pile of cash holdings after disposing of Ancom and HRBoss
Major shareholders with intention to privatise are unlikely to pay high dividend. They are more likely to hide favourable info to press down prices. But Robert K privatised Jerneh many years and offered fair deal.
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....
thanaraj
115 posts
Posted by thanaraj > 2020-03-24 16:13 | Report Abuse
yes. i will buy more shares.