Posted by YouWin > 2022-05-20 17:46 | Report Abuse

Can rest in peace for the weekend now

Posted by Goh123 > 2022-05-20 18:08 | Report Abuse

qr no need to see liao. 95%contribute from insurance.hahaga

Posted by YouWin > 2022-05-20 18:51 | Report Abuse

Shit...45cent only...this mean they are detaining all the money

Posted by YouWin > 2022-05-20 19:11 | Report Abuse

This 45 cent is just what they owe you for 8 years,if you own the stock since it ipo.
https://www.theedgemarkets.com/article/update-mphb-capital-cancels-final-dividend-after-bank-negara-disapproves-payout

Posted by YouWin > 2022-05-20 19:16 | Report Abuse

No good weekend now,I doubt the price gonna move up anymore,so stingy

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

My understanding when MPHBCAP 1st declare 5 sen of dividend.
MPHBCAP yet to dispose the land at Sungai Rusa , Balik Pulau and Pengerang.
MPHBCAP didn't explain the reason of the rejection by BNM but from write up I read , it mentioned that BNM rejection due to the stringent cash flow or liquidity for insurance businesses.
As MPHBCAP selling away insurance business and no longer need approval from BNM for dividend payment , the management will able to pay dividend as long as not exceeding the retain earning. It will be different ball game after the disposal

Posted by Kaya Toast > 2022-05-20 20:03 | Report Abuse

EGM will need to grill them properly what do they meant by earmark rm46.50mil to prepare the lands.. if it is fees to convert pengerang land from agriculture to industrial, its definitely a plus points.

Posted by Kaya Toast > 2022-05-20 20:06 | Report Abuse

From AM investment announcements, do the rm982.44mil proforma cash and securities inclusive of liquidations of Nomura-I fund?

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

@Kaya Toast

Do you have the full report from AM investment ? Can look at it in more details. Thank you

Posted by YouWin > 2022-05-20 20:18 | Report Abuse

After the disposal,we know it revenue and earnings gonna be bad, but since it's a cash rich company, dividend shouldn't be a problem, just how much we don't know.
And we all know they don't have the intension or ability to improve, expanding the business or find any new business to venture in or sell the land banks.
So there's a possibility that it might be privatize like mwe in the future.

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

If the management didn't do anything after disposal of insurance business , will be classify as PN1 status.
Privatization possible or the company acquire new businesses through M&A or more JV to release the value of the land bank

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

Don't worry too much. Relax and have a nice weekend.

Posted by YouWin > 2022-05-20 20:32 | Report Abuse

Believe me...boss do have an very ambitious plan, that is to find a good timing to privatize the company at a price as low as possible.
In your dream if you think he would do anything to bring out the values of the company to you minority share holders lol

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

That's good 40 cents, above my expectation 10 cents...limit up next week

Posted by Goh123 > 2022-05-20 20:38 | Report Abuse

agree youwin

Posted by YouWin > 2022-05-20 20:40 | Report Abuse

He is finding an opportunity to buy a rm5 ++ company with only rm1.7+
He did buy mwe with rm1.7+ few years ago.

Posted by Opportunate > 2022-05-20 21:20 | Report Abuse

I started investing in the 90s. Many majorshareholders did that , privatizing the companies when the stock value way below their value and IPO again many years later with hefty return.
Recently for many cases , minority shareholders awareness increases , team up together and through legal action , blocking unfair deal and delay the execution.

Posted by Opportunate > 2022-05-20 21:26 | Report Abuse

I take a neutral stand as of now. Just wait and see , then react. Cautiously optimistic is my usual strategy

Posted by Opportunate > 2022-05-20 21:30 | Report Abuse

Why want to put so much attention to predict the daily stock price up and down unless with plan to transact now ?
Else , relax and wait for announcement of EGM date follow by AGM.

Posted by Goh123 > 2022-05-20 21:33 | Report Abuse

noted...and indeed

Posted by TheContrarian > 2022-05-20 21:44 | Report Abuse

AGM date already announced to be held on 30.6.2022.

Posted by Opportunate > 2022-05-20 22:08 | Report Abuse

Looking forward for the AGM as I think many questions will be thrown to the management regarding post insurance sales. Can get some light from the sharing.

Posted by YouWin > 2022-05-20 22:42 | Report Abuse

The 286m dividend is the reduction of share capital.
This 286m was part of the share premium of 296,091,000 before they added it added up with the 715m share capital.
So it literally mean the company give us nothing at all because if they want to, they actually can give out all the share premium of 296,091,000 as bonus share to us, and it doesn't even need approval from bnm at all if I'm not wrong.

Posted by Endgame > 2022-05-20 22:52 | Report Abuse

Team up to get 26%, and give reject vote?

Posted by YouWin > 2022-05-20 22:57 | Report Abuse

No way you can win this, it's already decided.sad

Posted by IanQ > 2022-05-21 00:04 | Report Abuse

why is mphbcap hoarding so much cash?

Posted by TheContrarian > 2022-05-21 06:38 | Report Abuse

If the proposed disposal is not approved, Surin can't touch the cash hoard forever.

Posted by chkhooju > 2022-05-21 07:51 | Report Abuse

It will definitely go through. Minority share holders can never get their way.

Posted by Goh123 > 2022-05-21 08:32 | Report Abuse

let's go with us go to EGM. for vote

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 YouWin > 2022-05-21 20:49 | Report Abuse

BACK IN 2014 : )...Now it should be more valuable since it's not a financial company anymore, free from bnm regulations,if it can go to rm2.8+ back then,why now it can't do it after disposal? need patient

券商心頭好．減持保險業務股權 有助提高馬化資本估值

財經股市16 May 2014 20:34

券商　：馬銀行投銀
目標價：2.42令吉

馬化資本（MPHBCAP，5237，主要板金融）與合作夥伴洽售保險業務部份股權，國家銀行已批准並給于買方行使權（call option），此新發展展獲看好，一旦成事可提高估值。

該公司有5年時間至2018年，削減公司多元化保險業務持股比例至50%以下，否則將抵觸國行的金融控股公司條例。

我們早在1月時已指出，該公司至少要減持股權至49%，這樣才能符合50%以下的規定。

無論如何，我們認為國行捎來的是佳音，一來是馬化資本有能力可減持股權；二來是上述股權減持，以股價淨值比（P/BV）2.2倍相比我們分類加總估值法（SOP）1.6倍的計算，將有助提高馬化資本的分類加總估值法23仙至2.65令吉。

此外，儘管馬化資本2013財年終期股息遭取消，但該公司依然是現金豐厚，尤其是最近以1億8000萬令吉脫售浮羅山背（Balik Pulau）的地庫。

再者，該公司即將收到從Minden Heights發展計劃取得的2000萬令吉。

馬化資本16日（週五）全日走高介于1.96令吉至1.99令吉，逼近2令吉水平；閉市時，該股報1.99令吉，揚4仙，成交量281萬3000股。【中国报财经】

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

Maybe this is not a paid research, maybe they just forgot to do a new research bcoz they didn't read the news yet.

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

More old info go search cari.com.my

Posted by YouWin > 2022-05-21 21:38 | Report Abuse

Interesting thing is Maybank ib was the principal advisor for the 49%sale.
I'm guessing this Am ib have no customer service at all lol