Star Media have alot of CASH but what kind of benefit does it goes to small shareholders,it is just like having a BILLIONAIRE parents but staying in a terrace house .(The father have many wives maybe not the favourite wive siblings) MCA huaren bought STAR shares CHEAP so it benefits MCA indirectly those who control MCA but if the company execute a SHARE BUY BACK it will also benefit the small shareholders and by cancelling the share buy back share ,it is like returning money to all the shareholders including the minority. Well minority shareholders just think about it for your ownself.
Very little free float left. Easy to manipulate. MCA owns about 50%. Tong through his companies own more than 5%. PNB owns about 5%. Likely to be privatised by MCA
STAR MEDIA does not belong to MCA in paper only ,in fact it only benefits those who control MCA if you look at the DEALs executed so far including the MATANG deal.Tun SSTan formed TAR and UTAR was form during Tun LS Ling time and both are running from grants by the governments and CHARITY DONATION by BIG BOSS so nothing to do with MCA now except some MCA members drawing director fees and managements fee for running both higher learning institutions so NO POINT linking STAR media with MCA now because ALL the good things are done by MCA past presidents and now the present MCA team is just reaping the harvest.
AT best STAR will only give BONUS SHARE where cash distribution is not involve because STAR need the CASH to keep the company running and paying all the director fee as you know there is MCA member appointed to the board and also other working there and so if STAR close shop it also mean the end of MCA
Acquisitions by MCA in Sept 2023 MALAYSIAN CHINESE ASSOCIATION 22-Sep-2023 Acquired 836,100 0.000 MALAYSIAN CHINESE ASSOCIATION 18-Sep-2023 Acquired 249,200 0.000 MALAYSIAN CHINESE ASSOCIATION 15-Sep-2023 Acquired 475,800 0.000 MALAYSIAN CHINESE ASSOCIATION 01-Sep-2023 Acquired 1,000,000 0.000
MALAYSIAN CHINESE ASSOCIATION 27-Sep-2023 Acquired 294,600 0.000 MALAYSIAN CHINESE ASSOCIATION 25-Sep-2023 Acquired 300,000 0.000 MALAYSIAN CHINESE ASSOCIATION 22-Sep-2023 Acquired 836,100 0.000 MALAYSIAN CHINESE ASSOCIATION 18-Sep-2023 Acquired 249,200 0.000 MALAYSIAN CHINESE ASSOCIATION 15-Sep-2023 Acquired 475,800 0.000 MALAYSIAN CHINESE ASSOCIATION 01-Sep-2023 Acquired 1,000,000 0.000
Bought today at closing 0.435. Hope Tong start to buy in open market and combine stake with other major holders >10% and force a Requisition EGM to oust the current board of directors.
Thinking of reentry given the strong push n volume even in current setting....BUT can never TRUST these Malaysian Comedian Association (MCA) fellows....
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whaleing
253 posts
Posted by whaleing > 2023-09-13 15:52 | Report Abuse
No scare lah, just hold