Kumpulan is negative on this stock? Revenue down is bad as many insurers recorded a positive growth. Management remains silent, that may reflect they are running out of ideas? ST remains 55. If Kumpulan still dumping it, 50 is possible. TF now becomes quiet too, all companies under him failed to deliver now and disappointed minority SHs. Talked loud when its traded around 140.
this 2 funds keep selling.. dare to average down if reach RM0.5?? kakaka..
Buy when people don't want, this is the only way to buy cheap, of course we don't know where is the bottom, it may go down even lower until u loss confident and scare then sell with loss..
We also don't know how long it will take to bounce back, so do make sure company still earning $$ and able to give dividend with strong cash flow, business model is good prospect, and don't use margin.. only use your extra money to average down bit by bit.. and wait the good bargain.. then sell with profit..
this is how you get reward with your patient and confident :)
just a note to myself, will check back after 3 months... :)
KUALA LUMPUR (May 8): William Foo has been appointed chief executive officer of Tune Insurance Malaysia Bhd effective today.
Tune Protect Group Bhd — the parent company of Tune Insurance — announced the appointment today in a filing with the bourse.
"The company is optimistic that with Foo on Board, it will accelerate its growth and transformation towards becoming a leading digital insurer.
"He brings with him more than 25 years of experience and solid track record, having served in a variety of roles in the general insurance industry."
Foo is an associate of the Malaysian Institute of Insurance, a senior associate CIP of Australian and New Zealand Institute of Insurance and Finance and a Registered Financial Planner. He graduated with a Bachelor of Management with Honours from Universiti Sains Malaysia.
IPO Info Key Data: General Retail Institutional Offer Period Opening 23/01/2013 - - Closing 23/01/2013 View Remark - - Price Issue Price 1.55 View Remark - - Par Value 0.100 - - Units 751,759,980 - - No of Shares Public Issue up to 143,374,900 - - Offer for Sale up to 66,850,000 View Remark - - Private Placement up to 168,878,100 View Remark - - Time Table Allotment Date 20/02/2013 - - Listing Date 20/02/2013 - - Issuing House MIH 538 - - ISIN Code MYL5230OO007 - - Prospectus: INITIAL PUBLIC OFFERING OF UP TO 210,224,900 ORDINARY SHARES OF RM0.10 EACH IN TUNE INS HOLDINGS BERHAD ("TIH") ("TIH SHARES") COMPRISING A PUBLIC ISSUE OF UP TO 143,374,900 NEW TIH SHARES ("PUBLIC ISSUE SHARES") AND AN OFFER FOR SALE OF UP TO 66,850,000 EXISTING TIH SHARES ("OFFER SHARES") COMPRISING:
(I) THE INSTITUTIONAL OFFERING OF UP TO 102,028,100 PUBLIC ISSUE SHARES AND UP TO 66,850,000 OFFER SHARES TO:
(A) MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF FINANCE; AND
(B) FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATIONS UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING; AND
(II) THE RETAIL OFFERING OF UP TO 41,346,800 PUBLIC ISSUE SHARES TO:
(A) MALAYSIAN CITIZENS, COMPANIES, CO-OPERATIVES, SOCIETIES AND INSTITUTIONS; AND
(B) THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF TIH AND ITS SUBSIDIARIES,
AT THE RETAIL PRICE OF RM1.55 PER PUBLIC ISSUE SHARE,
SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION AS DESCRIBED IN THIS PROSPECTUS.
THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE.THE FINAL RETAIL PRICE WILL EQUAL THE INSTITUTIONAL PRICE, SUBJECT THAT IT WILL NOT EXCEED THE RETAIL PRICE.
with airasia expanding internationally, more n more passengers using tunepro insurance, be patient... IPO price was RM1.55, now just about 55sen... believe it could maintain its more than 5% dividend yield... with its new CEO, believe that there is still hope :)
Wednesday, 21 Aug 2019
6:25PM TUNEPRO 1H net profit 31.738 million (increased 0.27%)
Tuesday, 28 May 2019
5:45PM TUNEPRO 1Q net profit 20.150 million (increased 10.42%)
Friday, 22 Feb 2019
6:24PM TUNEPRO Financial year end net profit 52.918 million (increased 5.79%)
Thursday, 15 Nov 2018
6:26PM TUNEPRO Nine-month net profit 41.714 million (increased 2.33%)
Wednesday, 29 Aug 2018
6:07PM TUNEPRO 1H net profit 31.654 million (increased 17.96%)
how many time they wants change CEO?? every year different people.. investor lost confident, that's why 2 big funds keep selling...
For dividend, if price down, dividend also down.. if 0.5, they may reduce to 0.02 cents dividend
Now only hope this company continue making good profit
I think the price will keep at this range 0.5 - 0.55 for another year :) until the boss buy back to support.. for now, didn't see any action yet... maybe they have no $$ .. haha
really pity for those bought above RM 1 and still holding now.. and no dare to average down at this current price (they price may go down to RM0.5 soon)
3 cents dividend also cannot cover the capital loss and lock..
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....
Spice828
76 posts
Posted by Spice828 > 2019-08-21 19:16 | Report Abuse
Good result !