The timing of right issue can not be any worst. Where you get that idea from, DrKervokian. Dr Kervokian - is he a doctor who helps terminally ill petients to die????
Not logic. Insurance company is cash rich unlike AA or AAX.
nickengk The timing of right issue can not be any worst. Where you get that idea from, DrKervokian. Dr Kervokian - is he a doctor who helps terminally ill petients to die???? 14/08/2017 16:53
It is very common to see insurance company change hand at 2x to 3x book value or even 3-4X P/B multiple for insurance company which has strong earning. If I am not mistaken, MPHB capital sold its general insurance at 2.5x P/B value for Generali.
What Tune protect is going thru' is temporary setback in earning. The real valuation can not be so bad
Just mentioning that have seen manouvres which will pocket major shareholder proxies handsomely.
And yes. Timing is less than practical given stock price is so low.
BUT...
Their cash position is low. And CEO is overpaid. And with overpaid folks they tend to get 'ideas' like I need more money to BUY/takeover something to grow my business from investment bankers and consultants...
AI lIn's background is from channels relationship. The CMO stint is kinda short with Prudential. And IMHO don't see anything news. Like zero impact.
So to some degree probably says not much operations background. So can't fixed inherent problems in marketing and ops. So a strong warchest could be used to acquire parties that she has worked with while managing the channels or setup some form of incentive schemes to direct otherwise open-ended channels to sell more Tune.
And if you understand insurance you'd know that to increase top line you need the channels.
And with a degree in banking and finance she would have peers in high places whispering...that while stocks may be decimated; Once the numbers come in they will recover. Plus the acquisition will burn a good 2 years into CEO stint. Looks good in resume
The lady recently appointed director to replace Tony is from Air Asia and should be able to make a difference. She is the Group Commercial Head and demonstrated her capability by rising the corporate ladder in Air Asia pretty fast.
She might be only a while as CMO but she is old timer in Prudential. She will be the next CEO of Prudential if she chose to stay on. Time will tell if she will turnaround Tunepro. FYI, she has built a banca channel in Prudential that has contributed 40% of the total profit.
What I understand, even though Airasia and AAX launched the tickets bundled with tune insurance (value pack, premium flex & premium flatted), but this bundle is more suitable for oversea flight, business flight and travel alone.
For dosmestic flight, normally passengers wont buy this bundle. If a group of peoples take oversea flight, it is also impossible every passenger will buy bundle, normally pasennger will buy luggage weight and share together.
In my opinion, the effect of selling bundled ticket is minimal, unless Tunepro can acquire other insurance company to grow their bussiness then is another story.
nowaday so many people buy thrid party travel insurance and even a lots of credit card provide free insurance cover of u charge the ticket to their card, who need to buy insurance with airline?
If people don't buy travel insurance how can MH370 and MH17 or 2014 AA Indonesia air crash relatives claim insurance?
Posted by digidigi > Aug 15, 2017 05:24 PM | Report Abuse nowaday so many people buy thrid party travel insurance and even a lots of credit card provide free insurance cover of u charge the ticket to their card, who need to buy insurance with airline?
The ticket bundling will help to increase revenue but not as much as some have thought. The premium is RM3 for one way and RM6 for return flight. Tunepro gets 75% of it, 25% goes to airlines.
The reason I'm looking at tunepro is the opportunity of M&A in Indonesia market which the management have been talking for years. lol...
Signal of rebound: 1. V-shape rebound - Hammer/ Doji following with next trading day green candle - Candle with explosive volume (地量) - MACD 底背离 - MA Golden Cross 黄金交叉 2. U-shape rebound - Price will enter consolidation stage with 价平量 低 (bottom), rebound with 价量齐升。
I think Tunepro will be V-shape rebound at a certain price, may be after q report out? may be M&A announcement once day?
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Teh Kieat Keoi
177 posts
Posted by Teh Kieat Keoi > 2017-08-14 16:38 | Report Abuse
drkervokian, u say right issue coming?