Posted by TheContrarian > 2022-05-20 04:36 | Report Abuse

@KayaToast, there are plans on the utilization of the disposal proceeds, it is just not yet announced. Chapter 10 of Listing Rules requires announcement to be made to Bursa and in circular issued to shareholders prior to convening EGM. Board of Directors are deliberating on the plans which will include a special dividend of at least 65 sen (but probably higher but how much higher?)

Posted by TheContrarian > 2022-05-20 07:27 | Report Abuse

@Johnzhang, I think KayaToast meant top 30 major shareholders owning 75%.

Posted by TheContrarian > 2022-05-20 07:31 | Report Abuse

Of the top 30 shareholders, who among them are aligned with Surin?

Posted by Kaya Toast > 2022-05-20 09:02 | Report Abuse

Thanks John and Contrarion, yes top 30 shareholder holding 75%, these are institutional investor, connected parties, corporate that not going to trade the shares daily, only 25% left arent much floating shares available, fund managers not allowed
to buy in if shares are illiquid, daily price easy to manipulate assuming 75% are not going to do anything, and long term investor like us also will not release the share..

Posted by YouWin > 2022-05-20 09:56 | Report Abuse

I'm winning minimum 33k for this stock right now tbh

Posted by chkhooju > 2022-05-20 10:26 | Report Abuse

@Johnzhang, thank you very much for your remarks. Retail investors should take note. Don't fall into trap for selling cheap.

Posted by chkhooju > 2022-05-20 10:28 | Report Abuse

Maybe I am going to add more today. Yesterday managed to get some at 1.50.

Posted by TheContrarian > 2022-05-20 11:34 | Report Abuse

Price will hold at current level until announcement of special dividend is released.

Posted by Endgame > 2022-05-20 12:11 | Report Abuse

Not yet down ah? I am waiting 1.4 again

Posted by Opportunate > 2022-05-20 12:24 | Report Abuse

I have not being paying much attention on MPHBCAP since last June as I have set my TP at 2.50. I continue to accumulate as usual. My focus was on BPlant until recently , was quite fortunate to sell all close to the peak and switched over to MPHBCAP and boost my holding beyond 0.1% of outstanding shares

Posted by Opportunate > 2022-05-20 12:25 | Report Abuse

Here is my thought about MPHBCAP

Posted by Opportunate > 2022-05-20 12:27 | Report Abuse

As of now , most important is to get EGM going and support the resolution and get the disposal of remaining 51% of MP insurance successful executed and classify as property sector.
Next only deal with the money

Posted by Opportunate > 2022-05-20 12:29 | Report Abuse

I believe once completed the disposal , the situation will get firmer , analysts will back in coverage and the stock price will boost

Posted by Opportunate > 2022-05-20 12:30 | Report Abuse

My thought of scenarios how the company will utilize the fund

Posted by Opportunate > 2022-05-20 12:30 | Report Abuse

Assumption from observation of MPHBCAP for past few years and information available publicly

Posted by Opportunate > 2022-05-20 12:34 | Report Abuse

1. Retain earning after disposal of insurance arm = RM1,034,000,000. Which means max dividend per share the company can out at 1.40 per share

2. Cash in hand and high liquid asset at RM1.4B

3. MPHBCAP has no expertise in property development. The company need to JV with other company to unlock the value of the asset. MPHBCAP will contribute land instead of cash to the JV

Posted by Opportunate > 2022-05-20 12:35 | Report Abuse

Base on above assumption. 3 possible scenarios

Posted by Opportunate > 2022-05-20 12:39 | 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

Posted by Opportunate > 2022-05-20 12:41 | Report Abuse

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

Posted by Opportunate > 2022-05-20 12:42 | Report Abuse

Scenario 3

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

Posted by Opportunate > 2022-05-20 12:43 | Report Abuse

I think scenario 1 and 2 higher probability to happen than scenario 3.

Posted by Opportunate > 2022-05-20 12:44 | Report Abuse

If scenario 1 and 2 happen , stock price will boost beyond 2.
If scenario 3 happen , stock price will stay at current level

Posted by Opportunate > 2022-05-20 13:06 | Report Abuse

My advice. Don't pay too much attention on the short term fluctuation of the stock price. Vote for the resolution during EGM. Attend virtual AGM on 30th June. Then celebrate in Q3

Posted by TheContrarian > 2022-05-20 13:15 | Report Abuse

Privatisation means taking the company private. It cannot remain listed after been privatised.

Posted by Opportunate > 2022-05-20 13:19 | Report Abuse

@TheContrarian

I'm using the privatization term to reflect the action where some company using the internal cash to buy over the remaining of the share while still keeping afloat. ( as per the announcement last Friday)

Do you have any idea of the term use for this action.

Posted by Opportunate > 2022-05-20 13:23 | Report Abuse

@theContrarion

Regarding the RM460MM , my view was that this amount of money is not keep aside for dividend payment.
Is a probation if Generali exercise the Put Option by or before 15th Nov 2020 ( if I remember the date correctly ). The amount adjusted every quarter during the QR to reflect the latest calculation as per the deed.
After the Put option lapse , only MPHBCAP can utilize the cash

Posted by Johnzhang > 2022-05-20 13:38 | Report Abuse

@Opportunate, the term is SCR (selective capital reduction) ie buying out majority of the independent shareholders (called disinterested shareholders). After the SCR, the major shareholder (SU) and his related shareholders ( called interested shareholders) shall continue to own the company. The company can subsequently be re- listed if the interested shareholders wish.

Posted by Johnzhang > 2022-05-20 13:42 | Report Abuse

I think once the interested shareholders taken it private thru SRC, they will progressively strip the company by monetisating assets by assets over years .

Posted by Johnzhang > 2022-05-20 13:43 | Report Abuse

Because all the landed assets worths a few $ billions and they are all in very strategic locations.

Posted by Opportunate > 2022-05-20 13:45 | Report Abuse

@johnzhang. Thanks for sharing the term

Posted by Opportunate > 2022-05-20 13:48 | Report Abuse

@johnzhang. Agree with you. Assume 63.4% of shareholding willing to accept the SCR , majorshareholder will end up with few billion worth of assets , which translated into more than RM10 per share

Posted by Johnzhang > 2022-05-20 13:48 | Report Abuse

I have consistently said that privatization thru SCR is imminent . There is just too lucrative for major shareholders to strip the assets eventually.

Posted by Opportunate > 2022-05-20 13:50 | Report Abuse

My personnel view was that Majorshareholder didn't need cash from MPHBCAP. HE can get cash from Magnum. As Magnum holding few % of U Mobile shares , once U Mobile IPO , Magnum will return the cash to shareholder. The land more valuable to him than cash

Posted by Opportunate > 2022-05-20 13:51 | Report Abuse

Scenario 2 will be the best for minor shareholders. While getting cash , can still participate in long term gain from the asset.

Posted by speakup > 2022-05-20 14:55 | Report Abuse

speakup prefer scenario 1.
scenario 3 is like mphbcap screw us minorites

Posted by Endgame > 2022-05-20 14:56 | Report Abuse

Go limit up first, show the deal is a real

Posted by Endgame > 2022-05-20 14:57 | Report Abuse

If not all is just nice talk but no action

Posted by chkhooju > 2022-05-20 15:00 | Report Abuse

Yes, reality speaks louder than words!

Posted by chkhooju > 2022-05-20 15:01 | Report Abuse

Talk and talk. At the end of the day, still talking.

Posted by chkhooju > 2022-05-20 15:14 | Report Abuse

If what I said has offended anyone, I beg your pardon. We are all in the same boat to reap big profits. Okay, guys 'Sorry',

Posted by YouWin > 2022-05-20 15:58 | Report Abuse

: )

Posted by YouWin > 2022-05-20 15:59 | Report Abuse

Nice : )

Posted by YouWin > 2022-05-20 16:00 | Report Abuse

Keep it UP : )

Posted by YouWin > 2022-05-20 16:01 | Report Abuse

Give us a feel good weekend : )

Posted by TheContrarian > 2022-05-20 16:42 | Report Abuse

SCR is a make-or-break privatisation and automatic delisting. If approved, all the shares of the disinterested minorites will be cancelled.

Posted by Johnzhang > 2022-05-20 16:54 | Report Abuse

Nice closing today. Weak holders are being ‘eaten up’ gradually by shark/insider until special dividend and/or capital reduction is announced in a few weeks time .

Posted by Endgame > 2022-05-20 16:58 | Report Abuse

U don't like limit up?

Posted by Endgame > 2022-05-20 17:13 | Report Abuse

Bro John, i sold all ytd, i can buy back today also, this is market...nothing is fixed and permanent

Posted by Goh123 > 2022-05-20 17:22 | Report Abuse

good closing

Posted by TheContrarian > 2022-05-20 17:36 | Report Abuse

QR just out.