MPHB Capital Berhad
KLSE (MYR): MPHBCAP (5237)
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Last Price
1.61
Today's Change
+0.01 (0.63%)
Day's Change
1.60 - 1.61
Trading Volume
98,100
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
12 people like this. Showing 50 of 3,754 comments
@kayaToast, irrespective of what the Independent advisor said about MPHB capital , ultimately the vote to be casted decides the fate. In this regards, the dissatisfied minority must take the trouble to register and vote during EGM.
3 weeks ago
It appear to me there is quite some room for Independent Advisor (IA) to argue if the SCR is fair or reasonable taking into consideration of wide ranging issues, historical and prospective. There is no one standard.
For examples,
IA used purely RNAV (real net asset value) in assessing the fairness in the case of Bplant
IA used purely DCF method in assessing the fairness in the case of IJM Plant.
IA used SOPV which make up of a combination NA and DCF methods for different segment in assessing the fairness in the case of Ranhill.
Even for reasonableness, IA may also take into account other factors including prospective factors in addition to historical share price and trading volume .
It's up to what to be achieved.
This is just my observation in a few previous takeover offer I have gone thru'.
3 weeks ago
GHL System IA report also out today.
In assessing the fairness of the Offer, Affin Hwang IB has adopted the EV/EBITDA method as the most appropriate valuation method to evaluate the fairness of the Offer. Based on the EV/EBITDA method, the estimated equity value of GHL is approximately RM966.61 million which translates to approximately RM0.85 per GHL Share. The Offer Price of RM1.08 is higher than the implied value per GHL Share using EV/EBITDA method representing a premium of RM0.23 or 27.06% to the estimated equity value per GHL Share of RM0.85. In addition, based on the Offer Price and NA per GHL Share of RM0.48 from the audited consolidated financial statements of GHL for the FYE 31 December 2023, the implied PBR of approximately 2.25 times indicates that the Offer Price is 2.25 times higher than the NA per GHL Share.
3 weeks ago
If anything, the Great Eastern saga has probably emboldened surin, who's probably thinking : "If a deep-pocketed bank can be mean-spirited & cheap, so can I!"
3 weeks ago
No point to speculate what’s the revised offer , if there is any . For anyone who is unhappy about $1.70 please write to the independent directors of mphb capital on what’s your desire price now. Contact details in the Annual Report.
My group is looking at $2.40. You are free to decide your number.
At $2.40, trust me that it is still very good and irresistible to SU!
The most important thing now is SU must see and feel the minorities unhappiness.
2 weeks ago
Dear John, how much cash balance in MPHBCap? SCR is paid out from the Company's cash balance, not a single sen from Surin. If the amount exceeds the Company's cash balance and the proceeds from the sale of investments it wouldn't get past the Board of Directors.
2 weeks ago
@TheContrarian, as at 31/3/2024 cash +near cash assets amount to about $780 million. Zero borrowing.
In the offer’s notice , it is stated the the SCR is funded by internal resources and borrowing.
Mphb capital has zero borrowing can take some bank loans to pay off the entitled shareholders if internal funding fall short.
2 weeks ago
I have spoken to the senior management of my investment bank where I own 1 mil share, they provide me with the following information base on their opinion.
1) if a privatization dead line is extented,the major shareholder may have inadequate share holding or lack confidence the exercise can be successful.2)the advisor who they appointed may have analized and viewed that the offer price is not practical and realistic thus resulted in the extention ,they may have to revalue and provide a more realistic offer.I agreed fully on John's view that we should not speculate afterall it only left with another 7 working days for the result,besides,base on yesterday volume and 3 cts up.I believe someone is collecting for a short quick gain.well,lets hope for the best,some how or rather,we are ensure of 1.70 if things are not favourable
2 weeks ago
1.85, this is quite confirmed and final. With this price, the rejection rate confirm not more than 10% as this already pre-arranged and agreed with the top 5 shareholders excluded Surin and Surin partners. Unless the top 5 U-turn, this should be the next few day's extended conclusion.
2 weeks ago
I already provided guideline to those from my group for the assessment and decision
Resolution passed during EGM. 1.70
Resolution rejected during EGM
Offer price raise further ?
SCR call off and stock price might retreat
1 week ago
My group of friends collectively hold about 27 million shares now will vote against the SCR.
Everyone is free to decide what is best for oneself.
1 week ago
Don't forget the MAA saga where some, led by their ego, bought many lots just to thwart the SCR which was deemed at least 40% underpriced. The dissenters managed to defeat the resolution but it was Pyrrhic victory with the major owner subsequently letting the price drop like hell inflicting major losses on the rebels, one of whom already disappeared from the shareholder register for 3 years & counting.
1 week ago
44 mil share = 10% rejection
Therefore it depend on the shareholders names in top 30!
1 week ago
No need to fear monger every now and then . Those who are fearful of price tumbling in the event of unsuccessful SCR should sell now . Afterall, your opportunity loss is merely 7sen !
Fair enough?
1 week ago
Endgame, we only need a total of 40 mil shares to block . This is because, only 400 mil shares held by disinterested shareholders entitled to vote .
1 week ago
I'm expecting the SCR will not get through during EGM. If majorshareholders did the same as MWE SCR , need to pre-alert my friends so that they can decide the best alternative for themselves.
1 week ago
@opportunate, I concur with you . There was about 7 million shares voted against the various resolutions and re-appointment of various directors in recent AGM. We don’t know who they were and they were not part of my group of 27 mil shares . If these 7 mil shares shall vote against this SCR and coupled with a few mil shares collectively hold by few of you may be sufficient to frustrate the SCR.
There are many more silent corporate and individual shareholders out there and some may vote against it too.
1 week ago
Which ever side want to win, just sapu all the shares from open market up to 1.70
1 week ago
44 million for 10% rejection rate to turn down scr
John team 27 mil
Unknown 7 mil
Awaiting 10 mil more
1 week ago
Most likely Surin already get the rest of shareholders consent, successful takeover 1.70
2 days ago
Pls see the link below on MSWG planning a forum on MPHB capital SCR. The date and venue to be announced once the Independent advisor report is out . Pls share with all your friends/ contacts
https://drive.google.com/file/d/1UZMr2JbwWTKsa7wDwVQ6oOrlvEXi0c3G/view?usp=drivesdk
9 hours ago
If you are member in other share trading forum , pls share the information too
https://drive.google.com/file/d/1UZMr2JbwWTKsa7wDwVQ6oOrlvEXi0c3G/view?usp=drivesdk
9 hours ago
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Kaya Toast
Maybank IB jz released independent advice report for Ranhill takeover at RM.0995 as not fair and not reasonable.. Nothing was mentioned on assets/future cashflow; solely based on historical liquidity/ price action.
Based on above, UOBKH could easily derive the basis for MPHB as fair and reasonable due to low liquidity in past 10 yrs but MPHB Board decided to seek extension.. I wanted to believe the Board members are trying to negotiate a better price.
3 weeks ago