Posted by Goh123 > 2022-05-21 09:02 | Report Abuse

40cen refund 5cen for dividend. only

Posted by theong > 2022-05-21 09:49 | Report Abuse

TheContrarian

If the proposed disposal is not approved, Surin can't touch the cash hoard forever.I believe they have already planned since April. The data had indicated some
abnormal transactions .

Posted by speakup > 2022-05-21 09:58 | Report Abuse

monday will open 1.57+0.45=2.02

Posted by speakup > 2022-05-21 10:01 | Report Abuse

Favco declared 85sen dividend when Favco was 2.40, now Favco 3.22+
so Mphbcap after declare 45sen dividend should be 1.57+0.45=2.02

Posted by Johnzhang > 2022-05-21 10:23 | Report Abuse

I have just read yesterday's announcement on how the $508 mil (71sen /share) from the 51% MPI disposal to be used - only 45sen is proposed to reward shareholder !
SU thinks we the minority investors have forgotten the huge proceeds from the balik pulau land sales ($226 mil) , Pengarang land sales($113mil) and the 1st 49% sales ($360 mil) totalling $699 mil ! Nothing is paid to shareholders from these previous asset monetisation over last 9 years! Nothing is spend on business development or in new busienss venture to enhance the value of the company!

Yesterday's proposal to reward only with meagre 45sen is not reasonable and can not be accepted. Shareholders must protest fiercely until justice is done.
I will be writing a protest letter to the Board of MPHBcap to let them know there is no incentive for me to support the insurance disposal. My letter will be copied to Generali Asia,
Malaysia's Minority Shareholders Watch Group (MMSWG) and some of the press as well.
Minority shareholders who have the same feeling should do the same.

Posted by Johnzhang > 2022-05-21 10:29 | Report Abuse

Irrespective of whether the dividend will be sweetened, we minority must continue to fight against "oppression" by controlling shareholders. Minority must wake up and show them the power.

Posted by speakup > 2022-05-21 11:31 | Report Abuse

45sen is reasonable lar, mphbcap wan to keep some cash for rainy day mah and for future acquisitions mah to grow the company.
if mphbcap give out all the cash, shareholders will exit the company cos the slightest storm hit, the company will goyang.
giving out 45sen ensures the future of the company is in strong footing. good for long term investors & shareholders of mphbcap.

Posted by speakup > 2022-05-21 11:34 | Report Abuse

if someone strike rm5million lottery, takkan want to spend it all on holiday, car, house, luxury items, etc
sure will also want to keep maybe 1/2 in bank for rainy days and future mah.
this is exactly what mphbcap is done. for the good of long term shareholders and investors.

Posted by speakup > 2022-05-21 11:36 | Report Abuse

now long term Mphbcap shareholders and investors can sleep well even through another financial crisis.

Posted by speakup > 2022-05-21 11:37 | Report Abuse

depends whether u are long term investor or short term punter.

Posted by chkhooju > 2022-05-21 12:00 | Report Abuse

@Johnzhang thank you very much. It's indeed very considerate of you.

Posted by speakup > 2022-05-21 13:21 | Report Abuse

@John,
speakup not angry. If u look at my previous post, yes I said #3 below is getting screwed. I dont think 45sen is considered "minimum". Minimum to me is like 10sen 20sen. It's 45% of what u are expecting anyway. Definitely not minimum.
Just to clear things up



Posted by Opportunate > 1 day ago | Report Abuse

1. Privatization but remain listing

Majorshareholder with 36.6% holding ( based on JoeZhang's data ) will offer RM3 per share ( against NA of 2.82 ) to remaining shareholders. If all shareholders taking the offer , will be RM1.35B
Shareholders has the option to cash out or holding the stock.
MPHBCAP will merge or JV with property development company to unlock the value of the asset. New shares will be issue through private placement


Scenario 2

Pay RM1 dividend. Keep remaining RM1 per share as working capital or acquisition of property development company to unlock the value of the asset


Scenario 3

Minimum dividend pay. Keep all cash for acquisition or working capital. Unlock the value of the asset

Posted by speakup > 2022-05-21 13:41 | Report Abuse

look at it this way, Favco giving away 85sen dividend which represents all it's net cash away.
if another big financial crisis were to strike, Favco will be in trouble. I wouldn't want to be a Favco shareholder during such time.

Posted by Goh123 > 2022-05-21 13:49 | Report Abuse

sukur la. 45cen

Posted by Jimmy Lim > 2022-05-21 14:32 | Report Abuse

soon become mphbLand

Posted by DickyMe > 2022-05-21 14:37 |

Post removed.Why?

Posted by Jimmy Lim > 2022-05-21 14:39 | Report Abuse

if u r holding magnum since 2012 till today, ur cost for mphb 0.050/share only

Posted by Goh123 > 2022-05-22 08:47 | Report Abuse

su want more share for privatization...so give us dividend....

Posted by Goh123 > 2022-05-22 08:47 | Report Abuse

ppl will. sell our the share b4 ex ...

Posted by Goh123 > 2022-05-22 08:48 | Report Abuse

pls hold till rm 2.50...if no dont want sell

Posted by TheContrarian > 2022-05-22 13:44 | Report Abuse

Posted by speakup > 1 day ago | Report Abuse

Favco declared 85sen dividend when Favco was 2.40, now Favco 3.22+
so Mphbcap after declare 45sen dividend should be 1.57+0.45=2.02
When SCGM announced special dividend and capital repayment totalling RM2.21, share price dropped 9 sen to RM2.29.

Posted by chkhooju > 2022-05-22 14:44 | Report Abuse

So, roughly the opening price for. MPHBCap tomorrow will be how much.

Posted by Just88 > 2022-05-22 15:01 | Report Abuse

This sounds like Puncak few year ago after it has sold its water business. Many years of losses after distribution. Not a good sign for minority shareholders.
*********************************
Johnzhang
Speakup, come on lah ! The proposed payout ($322 mil) is only 26.8% of the total $1.2 bil proceeds from all the assets monetized from day one including the final insurance sales. After the proposed dividend and capital repayment, $878 mil (1,200 mil - $322 mil) is retained and left idling . Pls tell us what existing business of mphb require cash standby of $878 mil to cushion economic crisis. Total revenue ex insurance sales is not even $50 mil a year !
If the management has not done anything to develop the landbanks or to look for new venture in the past 8 years to enhance the value of the share, what makes you think that they can and will do so now ?
SU objective is just want to Screw your kau kau and you seem happy to that .

Posted by Goh123 > 2022-05-22 15:33 | Report Abuse

so thecontrarian what u see ? opening price tomorrow

Posted by markgold > 2022-05-22 15:54 | Report Abuse

Wait for 9 am tomorrow.

Posted by TheContrarian > 2022-05-22 18:29 | Report Abuse

@Goh123, it's very hard to predict. In SCGM's case, retailers were predicting limit up but it was a shock when it went red. MphbCap has one similarity with SCGM, both needs 75% shareholders approval for their disposals. If not approved there will be no special dividend and capital repayment.

Posted by TheContrarian > 2022-05-22 18:31 | Report Abuse

SCGM has been praised for being fair to minorities by proposing to pay out RM2.21 but yet the share price dropped and last closing price was merely RM2.29.

Posted by TheContrarian > 2022-05-22 18:35 | Report Abuse

If Surin doesn't have the required 75% in his pocket, then he needs to buy up and share price will go north. If he already has 75% (via proxies and friendly parties) then price wouldn't move much and might even drop.

Posted by TheContrarian > 2022-05-22 18:41 | Report Abuse

The proposed disposal of the insurance unit has already been announced 11 months ago, only the disposal consideration was not known then but if one does his homework, he would have been able to guess that the consideration would be around RM500 million, so it wasn't really a surprise (only dumb dumb The Edge predicted RM330 million). What retailers want to know 8s how much will be distributed as special dividend/capital repayment. Since there will be around RM1 billion cash available, most people expect generous payout.

Posted by TheContrarian > 2022-05-22 18:44 | Report Abuse

Myself expected a minimum of 65 sen, so 45 sen is a disappointment to me.

Posted by Goh123 > 2022-05-22 19:28 | Report Abuse

su will buy more share in open market...

Posted by Goh123 > 2022-05-22 19:30 | Report Abuse

johnzhang i hold the share since 2017 till now..in open market no much share to buy liao.ppl all hold till announced dividend

Posted by Goh123 > 2022-05-22 19:31 | Report Abuse

i see no much share in open market

Posted by Goh123 > 2022-05-22 19:45 | Report Abuse

ya still buy in 0.68-0.90 since 2020-2021

Posted by TheContrarian > 2022-05-22 20:19 | Report Abuse

@Youwin, what are you talking about?

Posted by Goh123 > 2022-05-22 20:27 | Report Abuse

hold dont sell till privatization...

Posted by TheContrarian > 2022-05-22 20:27 | Report Abuse

SCGM closed at RM2.29. If price remains, after the special dividend and capital repayment of RM2.21, price will adjust only 8 sen.

Posted by Just88 > 2022-05-22 20:29 | Report Abuse

Johnzhang, what is the expected earnings of mphbcap post disposal of its insurance business ? Thanks

Posted by TheContrarian > 2022-05-22 20:30 | Report Abuse

@Goh123, there's no certainty of a privatisation. Even if there is one eventually it could be years before such a proposal be floated.

Posted by TheContrarian > 2022-05-22 20:31 | Report Abuse

@Just88, MphbCap Board of Directors already said post disposal of insurance business there will be operating losses.

Posted by TheContrarian > 2022-05-22 20:55 | Report Abuse

@Johnzhang, I don't think that soon. MAA took several years before the controlling proposed a ridiculously low offer price and prior to that MAA's market price drifted down to 50 sen level.

Posted by TheContrarian > 2022-05-22 20:56 | Report Abuse

controlling shareholder*

Posted by TheContrarian > 2022-05-22 21:11 | Report Abuse

Do you think Surin has 75% votes in his pocket to approve the disposal?

Posted by TheContrarian > 2022-05-22 21:13 | Report Abuse

MAA was cash rich with NTA above RM2 after disposal of their insurance unit; privatisation offer was merely RM1.10.

Posted by TheContrarian > 2022-05-22 21:15 | Report Abuse

Privatisation of MAA failed and market price crashed to 60 sen level currently.

Posted by TheContrarian > 2022-05-22 21:24 | Report Abuse

I believe there's close to RM460 million invested in Nomura i-income Fund which will be liquidated soon since it has been classified as discontinued operation. There's no EGM required for the liquidation, so how does the Board of Directors plan to do with the additional RM460 million?

Posted by TheContrarian > 2022-05-22 21:26 | Report Abuse

If tomorrow price hits RM2.12 I might sell off all.

Posted by TheContrarian > 2022-05-22 21:54 | Report Abuse

Lol at Youwin.

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

The Nomura i-income Fund was valued at RM380 million as at 31/12/2020 and close to RM460 million as at 31/12/2021. How did the value go up by RM80 million within a year. Did MphbCap buy more units of the Fund?

Posted by Opportunate > 2022-05-23 00:16 | Report Abuse

I went through the announcement and quarterly report yesterday.

My finding as above

Total cash and short term investment = about 980MM

After deduction of 508.16MM , with RM480MM in hand , which equal to RM0.66 per share.

Asset ( property and land) = 791MM at book value

Conservative calculation , value above RM2B

My view , utilization proceed of 518.16MM will be 1st phase of the action , more action follow after completion of phase 1 action.

More news will be release phase by phase to get the analysts excited like M&A etc