Posted by warchest > 2024-04-03 17:54 | Report Abuse

10 May 2024
Name MR ROHIT CHANDRASEKHARAN NAMBIAR
Age 43
Gender Male
Nationality India
Type of change Resignation
Designation Group Chief Executive Officer
Reason Due to personal reasons.

Posted by warchest > 2024-04-03 17:55 | Report Abuse

Survival of the fittest. Cannot take the setbacks then resigned

Posted by warchest > 2024-04-03 17:57 | Report Abuse

we need someone that are more reasonably paid to get the job done. Currently, all the profits have been used to pay the management team

Posted by donnybelowski > 2024-04-03 21:12 | Report Abuse

Haha. Conned jobs.

Posted by donnybelowski > 2024-04-03 21:12 | Report Abuse

Company is shit til ceo resigned

Posted by drkervokian > 2024-04-05 09:58 | Report Abuse

Collecting at 0.25 upside potential to be sold.

The digital strategy has failed.
Lost hundreds of millions to buy distribution but not substantially breaking even.

New CEO will be hired to do 2 things only

Pivot back to agency. Which needs a ton of cash. Or doubledown on more marketing and digital channel distribution acquisition spend.

Either way, it's a dark black hole.

Posted by sheldon > 2024-04-05 10:30 | Report Abuse

Every quarter, the main task of management is to give reasons why it is making losses and keep hoodwinking shareholders of the great potential ahead. The share price trajectory clearly tells that investors are not buying it.

The only jewel in the crown of this hopeless company is the insurance licence.

Posted by drkervokian > 2024-04-09 07:36 | Report Abuse

On new group CEO.
If it's new from the street - then divestment chances are lower.
If the new CEO is promoted from within, then there's higher chances the protect will be divested from capital A.

Posted by DividendGuy67 > 2024-04-12 22:23 | Report Abuse

I was wrong about Rohit not leaving, but the news of him leaving allowed price to fall and let me get in at a lower price. I'm sure others will have a better entry price. This is a speculative trading position (hence small).

Posted by DividendGuy67 > 2024-04-12 22:32 | Report Abuse

Tune as a Group, is a small company, with Gross Written Premium (GWP) of only RM400 million or so average the past 5 years. You can't get that much profits from such a small GWP, the problem is relatively high fixed expenses compared to allowances and profits that can be priced in the GWP. Shareholders need to have a longer term plan, otherwise, new CEOs that brings with them short term "tricks" may show good result in the first year or two but inevitably sets the company back. Both Ms Khoo and Rohit (ex-CEOs) took short term views but after 5 years combined, has not really changed Tune fundamentally at the business level.

As they say, when there's blood on the streets, odds are better than 50/50 that we'll see a surprise on the upside.

Posted by DividendGuy67 > 2024-04-12 22:35 | Report Abuse

Agree with Sheldon, that in the hands of the "big boys" who can afford to take a longer term view to fundamentally grow the business, that insurance license will come in handy. Problem with Tune is its shareholder who is not willing to wait to do what's necessary to grow its insurance business. If you keep demanding your new CEO to turn a profit in the first year, and not invest in the longer term, you can't grow sustainably in the mid term.

Posted by DividendGuy67 > 2024-04-12 22:37 | Report Abuse

Divestment is probably going to be good news for Tune, as current shareholder is the problem with its unrealistic expectations on its CEO. It needs both proven Management, Board and proven Shareholder to make Tune successful.

Posted by DividendGuy67 > 2024-04-12 22:42 | Report Abuse

@donny, it's the same pattern with past CEOs, Rohit isn't the first. The problem is CEO do what shareholders want them to do. They are creative people to extract short term results as what shareholder wanted, but insurance business doesn't work like that when constantly extracting short term results. Insurance is predicated on a large enough size insurance pool, small pools like 400 million GWP have huge hurdles long term.

Posted by DividendGuy67 > 2024-04-12 22:46 | Report Abuse

@ambrose, Malaysia ageing population is not a factor at all. There are many other older (ageing) countries with successful insurance industry.

Posted by DividendGuy67 > 2024-04-12 22:59 | Report Abuse

@warchest, @bbc, it's not about individual who can handle/cannot handle. CEOs and senior management by nature are resilient people. Typically Rohit and other CEO quit in the past likely due to "differences in views" masquerading as "personal reasons" / "better opportunities". It is unlikely that all these CEOs are wrong and the shareholder is right after so many CEOs. More likely, the shareholder demand is wrong / not suited for this line of business.

Posted by drkervokian > 2024-04-19 17:45 | Report Abuse

Tunepro before the current trade and industry minister was ceO had a super low cost base. Server room was practically a bunch of PCs and everything was auto-opt-in. Making money like mad. Then listing came; and empire building era under the lady ceo. That’s when the cost base went nuts. For such a tiny outfit; the ceo needed a head of strategy and head of distribution to manage the other channel heads. That’s just recipe for disaster.
Aside from that rohit’s hiring was a huge bet for digital distribution.
Digital distribution can be just as expensive as agency given spend on digital partnership; non digital partner distribution, search keyword, ; social media personality (Tunepro didn’t even invest there) etc.

Except you lower the risk of dodgy agency behaviour scamming the company of commissions

Changing topic a bi. That’s why I sense BNM’s noble idea of targeting B40 with digital insurer license will fail.
Only sufficiently large incumbent insurer can take the losses; or at least can leveraging marketing spend for 2 purpose.

Posted by drkervokian > 2024-04-19 17:48 | Report Abuse

The tenang vouchers. As outside person looking in; also likely due to pressure to meet kpi. I’m guessing there’s incentives that led to agency like behaviour from the team.

Being in corporate for 3 decades now. The lesson learned is, if there’s a incentive based KPI, there’s bound to be a scammer that can bring down the company due to greed.

Posted by drkervokian > 2024-04-22 19:11 | Report Abuse

Looks like a swipe on tenang vouchers




https://www.linkedin.com/posts/tonyfernandesairasia_first-time-with-a-real-life-snake-met-many-activity-7188127789705846785-lBDu?

Posted by rnamb27 > 2024-04-24 10:22 | Report Abuse

@drkervokian - Rohit is leaving on very good terms with both Air Asia and the BOD. The post wasnt meant at Tune or him. Read a few posts before and you will know clearly which portfolio he refers to. Easy to malign people as keyboard warriors

Posted by singkalin > 2024-04-29 20:29 | Report Abuse

Celaka payment 1.2 million for Director.
Payment so high yet company loosing money.
Shouldn't get pay if company no profit.
Tenang program also can lose money.

Posted by 1288Go > 2024-04-29 20:39 | Report Abuse

Hi everyone and DividendGuy67,
Tune still not off the ground.
How come Lpi doing so well but Tune struggling. Tune has broadened to other insurance areas BUT after a few years still struggling...
So what's the difference between LPI ( share price $12 and dividend of 66c for FY)..
Hmmmm.
I got out of Tune about more than a year ago with small profit.
Won't get in to this struggling
stock...

Posted by ambrose123 > 2024-04-30 11:10 | Report Abuse

Due to inflation the value of money depreciate year by year. If anyone invest in Tune Protect for more than 5 years without any profit should pull out from this stock, and Look for a great company (opportunity) to invest. Time is $$$$.

Posted by 1288Go > 2024-05-01 16:01 | Report Abuse

You are correct ambrose123..👍...
I am newbie..
Can you tell me where and which stocks you are investing now?
Thank you.

Posted by Babyking > 2024-05-07 15:43 | Report Abuse

something is brewing.. looking at the recent volumes

Posted by singkalin > 2024-05-09 10:05 | Report Abuse

Since the highly paid CEO is out, hopefully Tune will start to profit.

Posted by yfchong > 2024-05-11 08:27 | Report Abuse

yes yah CEO CEO

Posted by 1288Go > 2024-05-16 19:32 | Report Abuse

Was previous CEO highly paid. Co's need to pay for good calibre management..
Tune, dunno whether can get in now ?

Posted by Vhydro > 2024-05-20 04:07 | Report Abuse

https://www.youtube.com/watch?v=LmXM5M9iBTY

Tune Protect Group 1Q24 Analyst Briefing on this Friday

Posted by singkalin > 2024-05-21 13:58 | Report Abuse

When to turn profit ???

Posted by Vhydro > 2024-05-24 18:56 | Report Abuse

Loss again.

Posted by donnybelowski > 2024-05-24 18:59 | Report Abuse

Boom! Shit again and again. Investors love shit! Con jobs.

Posted by Vhydro > 2024-05-24 20:48 | Report Abuse

Who is their new CEO ah? Macam no announcement

Posted by sheldon > 2024-05-24 21:01 | Report Abuse

Poor results expected. As usual - it tries to sugarcoat losses with vague praises.

Will this co turn around? If not then better be a takeover target. Some other co will be able to make money out of this license

Posted by Vhydro > 2024-05-24 22:06 | Report Abuse

giving up on this company

Posted by yfchong > 2024-05-26 09:18 | Report Abuse

New CeO ok boh

Posted by singkalin > 2024-05-27 12:10 | Report Abuse

Why TA announce BUY CALL for Tunepro even though Tune is loosing money ???

Posted by Progicer > 2024-05-28 16:51 | Report Abuse

No idea, do u believe in TA?

Posted by jenabchen123 > 2024-06-10 20:12 | Report Abuse

Suddenly Buy Signal blinking everywhere...

Posted by speakup > 2024-06-10 21:23 | Report Abuse

When everybody buy, it's time to buy. There's strength in numbers

Posted by Xienry > 2024-06-11 14:55 | Report Abuse

goreng season?

Posted by jenabchen123 > 2024-06-11 21:06 | Report Abuse

Yup. Kasi Che kuey tiaw! Kasi tiaw sama dia.

Posted by DividendGuy67 > 2024-06-12 00:14 | Report Abuse

TUNEPRO is one of 14 of my speculative trading stock where the goal is price gains. My average entry price is 30 sen, so, sitting on 20% unrealized gains. However, it is an extremely small % of my stock portfolio relative to dividend income. This is to cure boredom.

Posted by tbganmobile > 2024-06-13 22:18 | Report Abuse

Based on trade details, looks like some one is collecting tunepro share last one week plus; but that buyer is not chasing the stock, mere buying what's available for sale. Hopefully something good is on the way!

Posted by tbganmobile > 2024-06-15 14:06 | Report Abuse

Price has moved up a little bit, but volume expanded to 3m+. No news or rumours in the market but increased trading activities seem to indicate something is brewing. There could be several posibilities: pure goreng; appointing a seasoned CEO; new joint ventures; or some strategic corporate moves. Nobody knows; wait and see if there is any new development in the coming weeks.

Posted by ybss99 > 2024-06-15 16:53 | Report Abuse

There are only two listed companies in the airline industries. What else can you choose

Posted by yfchong > 2024-06-19 11:37 | Report Abuse

Siapa CeO baru yeah

Posted by yfchong > 2024-06-24 06:58 | Report Abuse

Dr. pun tamat contact

Posted by singkalin > 2024-07-04 22:44 | Report Abuse

Volume increase.
Good sign.

Posted by Progicer > 2024-07-05 16:28 | Report Abuse

new management new hope

Posted by tbganmobile > 2024-07-06 22:29 | Report Abuse

Watch out for the new management team especially the new CEO; that will determine the direction of tunepro. There seems to be a persistent buying of tunepro shares in the last few weeks, which augurs well for the company.