There were about 380 orders matched today for a total of 382,000 share traded. Therefore, average volume per trade is 1,000 share. In fact, out of the 380 trades , 90% were for 100 to 300 shares . Unbelievable to see people spent valuable time to trade this way .
@Endgame, you will not get a single share at $1 as I am willing to buy at much higher price than you . Hehehe… —————————————————— Endgame. 1.38…..heheI will buy again when it back to 1... same as last time buy 27/09/2021 3:25 PM
KUALA LUMPUR (Nov 11): Transocean Holdings Bhd hit limit up on Thursday morning after billionaire Tan Sri Surin Upatkoon emerged as the second largest shareholder of the company with an 18.43% stake.
The logistics service provider, which was the top gainer, surged 86 sen or 29.76% to RM3.75.
Interesting news on Surin ,though not related to MPHB.
@aliyusof, Surin’s ‘ more intimate touch’ on MPHB yet to create some spark after so long . The irony is a 18.4% maiden touch on Transocean enough to create euphoria and drove its share price to $3.75 which is a 330% ytd gains. It’s more insulting if you look into Transocean’s financial. Per 31/6/21 qtr report, Transocean has the following numbers: Revenue 1H 21. $9.3 m Profit 1 H 21. $117k EPS 0.26 sen NA. $0.81 Accumulated loss $18 m Shareholders’’ equity $38.3 m Mkt capitalization based on today’s price $$169 m ( which is 4.4 times of shareholders equity) I am speechless. Hope there will be similar euphoria once insurance sales is completed and/or new high impact business announced and/or a generous dividend is announced and/or privatization.
Generali, AXA, Affin Bank and MPHB Capital are working together to obtain the required regulatory approvals. Generali will commence the necessary integration planning to develop an organisation that leverages the skills, experience and expertise of all the staff of the combined business. The expected completion date of the acquisition is in the second quarter of 2022.
GENERALI SIGNS AGREEMENT IN MALAYSIA TO ACQUIRE MAJORITY STAKE IN AXA AFFIN JOINT VENTURES AND PLANS TO PURCHASE 100% OF MPI GENERALI 22 JUNE 2021 - 07:02
The transactions transform Generali’s activities in Malaysia to become the #2 P&C insurer in the country, in line with its strategy to strengthen its leadership position in high potential markets Generali to increase its current 49% stake in MPI Generali Insurans Berhad to 100% Generali to acquire a 70% stake in AXA Affin Life Insurance joint venture (49% from AXA and 21% from Affin) and approximately a 53% stake in AXA Affin General Insurance joint venture (49.99% from AXA and 3% from Affin and minorities) AXA Affin General Insurance and MPI Generali to be merged following the acquisitions creating one of Malaysia’s leading general insurance operations, with Generali holding a 70% stake
As announced in Generali ‘s website, the expected completion date of the acquisition is in the second quarter of 2022. The acquisition is deem completed when the share and payment change hand between buyers and sellers. Working backwards, that may means regulators approval can be secured quite soon from now for final due diligence on MPI and Axa-Affin to start . Due diligence normally takes a couple of months. I guess the final due diligence on MPI should be a lot quicker as Generali is already a 49% shareholder of MPI and have knowledge of the accounts.
@Goh, don’t risk your hard earned money to buy cheap stocks. Better buy undervalued stock . Cheap price doesn’t mean undervalued. Talam at 2.5 sen , AT at 4 sen, saudee at 6 sen etc are very very cheap , but they are probably not undervalued. Mphb cap is truly undervalued.
Now is confirmed downtrend already, don't waste your money on downtrend stock, people always confused you as so called undervalued. I will buy it again when it show bargain price at below 1.00...
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....
TheContrarian
8,846 posts
Posted by TheContrarian > 2021-09-24 19:25 | Report Abuse
Johnzhang, thank you. Hope I made the right decision. Didn't have funds to invest earlier.