Like John Zhang said, SA will be uncomfortable if there are take over attempt with glaring undervalued properties and cash.
Right now MPHB is protected by central bank, any attempt to hold aggregate 5% / 10% need MOF approval. After SPA completion, they no longer a financial holding company, technically AFTER spa, Generali holding co can buy 66% mphb shares not own by SA, the cash and undervalued assets will allow them to recoup entire purchase consideration paid for insurance.
Alternative scenario, is Johor powerful figure wanted Pengerang land, buy up 66% of share..take over control, approve selling of Pengerang land.. merely paying RM1.5 per share now can share 66% of total Pengerang land that worth few billions
There are many threats to SA’s interest . Some naughty political figures and their proxy may be eyeing the huge pile of cash and vast track of valuable landbanks. You know what I mean if you read the background of the company in older days . Taking the company and assets private ,off the radar of public, will serve the long term interest of SA.
Ya. Interim dividend 5sen to be paid this month . I guess there will be good final dividend? 40sen capital repayment in Oct or Nov as soon as the court approved it.
Plan to appeal to SC is the usual thing to do . Meanwhile, the management may resort to share buybacks at cheap price to take up shares of impatient investors. Very cheap to buy back at $1.50 for the benefit of SA eventually.
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....
speakup
27,038 posts
Posted by speakup > 2022-08-20 09:14 | Report Abuse
next week can buy?