Posted by chkhooju > 2022-05-09 09:31 | Report Abuse

Please acknowledge details of the announcement. Thank you.

Posted by Johnzhang > 2022-05-09 09:46 | Report Abuse

BNM approved the disposal. The next thing will be the next big event will be the quantum of special dividend to be announced before EGM to seek shareholders’ approval. I hope the special dividend is extraordinary.

Posted by Goh123 > 2022-05-09 09:50 | Report Abuse

egm will be 30 june 2022

Posted by TheContrarian > 2022-05-09 10:07 | Report Abuse

30 June 2022 is AGM not EGM.

Posted by Goh123 > 2022-05-09 10:10 | Report Abuse

ok

Posted by Goh123 > 2022-05-09 10:10 | Report Abuse

thanks

Posted by Johnzhang > 2022-05-09 10:13 | Report Abuse

Generali wants to complete the multi party deals by 30th June. As such , EGM will most likely be end May or early June.

Posted by thesteward > 2022-05-09 10:18 | Report Abuse

Sui

Posted by Endgame > 2022-05-09 10:23 | Report Abuse

Huat

Posted by NewbieInShareMarket > 2022-05-09 10:26 | Report Abuse

Anyone can share what is this disposal means? How is this disposal relate to the share price increase?

Posted by Johnzhang > 2022-05-09 10:26 | Report Abuse

After the special dividend, proposal to take the company private will come within 1 years.

Posted by Johnzhang > 2022-05-09 10:28 | Report Abuse

@Newbielnsharemarket, pls go through the postings in the last one year in this forum . You will find the answers.

Posted by speakup > 2022-05-09 10:34 | Report Abuse

although i believe there will be a special bumper dividend, but i dont think mphbcap will be privatised. Surin will leave mphbcap listed to hold his property biz. likely just rename it mphbland or something.

Posted by TheContrarian > 2022-05-09 10:40 | Report Abuse

Go, go, go MPHBCap.

Posted by Endgame > 2022-05-09 10:41 | Report Abuse

Q2 really happening

Posted by thesteward > 2022-05-09 10:41 | Report Abuse

Nta rm2.60 .

Posted by thesteward > 2022-05-09 10:42 | Report Abuse

Hopefully privatised

Posted by Endgame > 2022-05-09 10:59 | Report Abuse

Easy cash out

Posted by Endgame > 2022-05-09 14:02 | Report Abuse

Buy on rumours sell on fact right? Dividend a lot ah? Boss willing to give or not?

Posted by IanQ > 2022-05-09 14:45 | Report Abuse

net from this disposal should be 1 to 1.2 billion ringgit. It should have a few hundred million liquid asset as of now. Add both is at least 1.4 billion ringgit, to be divided amongst 715 million shares.

So possible 2 ringgit special dividend. And MPHBCap will still have all the properties to realize.

Posted by Endgame > 2022-05-09 15:38 | Report Abuse

Happy selling day after long wait... good enough profit already

Posted by Johnzhang > 2022-05-09 17:17 | Report Abuse

The first 49% was sold for $356 mil + some $20 mil (?) adjustment too. That was based on 2.45X price to book ratio.

I guess the remaining 51% may be based on the same valuation basis. If it is indeed based on same 2.45X price to book ratio ,the 51% may fetch over $500 mil as book value has gone up with retained earnings from the past 7 years .

Posted by Goh123 > 2022-05-09 17:20 | Report Abuse

yes i also guess so

Posted by Johnzhang > 2022-05-09 17:23 | Report Abuse

MPHB can afford to pay up to $1 as special dividend. Upon completion of the insurance unit sales, it has nett current asset exceeding $1.2 billion . Let’s pray for that to happen.

Posted by Johnzhang > 2022-05-09 19:03 | Report Abuse

@ Contrarian, kindly share how you arrived at min $620 mil .

Posted by TheContrarian > 2022-05-09 19:10 | Report Abuse

Net assets of insurance subsidiary @ 31/12/2021 RM1,200,977 X 51% = RM612.5 million, round upwards to RM620 million.

Posted by Johnzhang > 2022-05-09 20:53 | Report Abuse

SCGM to distribute to shareholders $2.25 per share from the disposal of packaging business. How much will MPHB cap distribute the proceed from insurance unit disposal totaling $900mil to $1 bil ( ie 49% earlier +51% now)?
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KUALA LUMPUR (May 9): Food packaging manufacturer SCGM Bhd has sealed a conditional share sale agreement (SSA) to sell its core plastic packaging business to two Japanese firms, Mitsui & Co and FP Corp (FPCO), for RM544.38 million cash.

Of the proposed proceeds of RM544.38 million, SCGM said in a filing with the stock exchange that RM425.56 million has been earmarked for a proposed distribution to its entitled shareholders within nine months.

For illustration purposes, the proposed distribution entails capital reduction and repayment of 36 sen per share, and proposed special dividend of RM1.85 per share. In total, shareholders will receive RM2.21 per share.

Posted by TheContrarian > 2022-05-09 21:48 | Report Abuse

Some companies are fair and generous to minorities.

Posted by Endgame > 2022-05-09 22:07 | Report Abuse

Special dividend, capital repayment,,,do u think big boss willing to give? So far i know. Boss kiam siap style

Posted by Goh123 > 2022-05-09 22:10 | Report Abuse

agree different boss different style

Posted by Johnzhang > 2022-05-10 07:11 | Report Abuse

@Contrarian, my gut feeling tells me that the quantum of capital repayment and/or special dividend from MPHBcap will a big positive surprise too. Let’s just be patient a little longer for the announcement.

Posted by TheContrarian > 2022-05-10 08:28 | Report Abuse

@Johnzhang, I am also waiting for the announcement first.

Posted by speakup > 2022-05-10 09:27 | Report Abuse

already wait for long for this announcement, might as well wait a bit more for special dividend announcement

Posted by TheContrarian > 2022-05-10 09:32 | Report Abuse

SCGM share price tanked.

Posted by speakup > 2022-05-10 09:40 | Report Abuse

SCGM down cos shareholders get back 2.21, but share price > 2.21. that's why drop

Posted by TheContrarian > 2022-05-10 09:46 | Report Abuse

@speakup, you mean to say SCGM is almost worthless after getting back RM2.21?

Posted by speakup > 2022-05-10 09:46 | Report Abuse

look at LITRAK, since the announcement of sale of its highways to ALR, it has gone up and maintained about 60-70sen from before announcement. That's about 15-18% up.
but compared to MPHBCAP, since the announcement, MPHBCAP has only gone up 10-15sen. That's only about 7-11%

Posted by speakup > 2022-05-10 09:48 | Report Abuse

SCGM is a almost an empty shell after the sale. not worthless, but maybe a few sens. IMO

Posted by speakup > 2022-05-10 09:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/05/10/scgm-sells-core-ops-for-rm544mil-cash
↑

Posted by speakup > 2022-05-10 09:50 | Report Abuse

remember SCGM NTA is only 98sen

Posted by TheContrarian > 2022-05-10 09:51 | Report Abuse

MPHBCap has yet to announce the disposal consideration, so can't really compare with Litrak.

Posted by Johnzhang > 2022-05-10 10:06 | Report Abuse

After selling the insurance, mphb still owns multi billion $ worth of good quality land in KL, Sgor, Penang and Johor.

Assuming mphb decides to distribute 100% of the insurance sales proceeds, the amount is estimated to be about $1.25 per share . And the company still left with about $300 -400 mil liquid current assets from previous land disposal in Penang and Pengarang + all the good value landbank .
———————————-
Posted by speakup > 7 minutes ago | Report Abuse

SCGM is a almost an empty shell after the sale. not worthless, but maybe a few sens. IMO

Posted by Johnzhang > 2022-05-10 10:10 | Report Abuse

The market is seriously under-appreciating the intrinsic value of mphb cap at the moment. It is going to change very soon .

Posted by TheContrarian > 2022-05-10 10:55 | Report Abuse

@Johnzhang, if you study the latest Annual Report for the year ended 31.12.2021, most of the initial RM300 million plus disposal consideration have been invested into investment securities and unit trust. There was only RM8.5 million cash at bank outside the insurance subsidiary.

Posted by Johnzhang > 2022-05-10 11:05 | Report Abuse

Ya. Investment securities and unit trust are very liquid assets too. There is some money in the credit business too. My point is there are still $3-400 mil nett liquid assets apart from the huge insurance sales proceed.

Posted by Johnzhang > 2022-05-10 11:33 | Report Abuse

Youwin, I don’t think it is the case . There is no point to keep cash in bank more than necessary for operations. Must well park the idling cash in some liquid and safe investment that generate a few % return . I have been told during the AGMs that the investment securities and unit trusts are money market funds that could generate better return than FD .

Posted by IanQ > 2022-05-10 12:15 | Report Abuse

could be MPHBCap tried to give the cash out as dividend, but kept on getting rejected by BNM

Posted by Goh123 > 2022-05-10 13:24 | Report Abuse

anyway wait the next announcement lo

Posted by Goh123 > 2022-05-10 13:25 | Report Abuse

we are all guess only

Posted by Endgame > 2022-05-10 14:42 | Report Abuse

Let's go push up to 2, don't talk here