MPHB Capital Berhad
KLSE (MYR): MPHBCAP (5237)
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Last Price
1.62
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
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 3,584 comments
I held about 3 million share in MMC. There were 2 times the share price was deliberately depressed very near to EGM . The 2nd round of price depression which happened just few days to EGM enabled me to make 10+% in just few days trade ! I added to my portfolio more shares during the price depression is with preparation that I might have to hold them longer if the privatization then did not materialize.
If my memory hasn’t failed me , Syed Mokhtar spend just about $2-3 billion to take MMC private. Syed mokhtar is now looking to divest a portion of the port business and valued the port business at $15 bil. This news appeared in the main media recently.
6 days ago
That's how super rich screw minority shareholder. Top 30 shareholder, many has been holding their shares tight for years, don't see any rush to unload. The odds in our favour to reject this initial unfair proposal. I think Surin knows it that's why he low ball now and will come up with next unreasonable offer formulated during his 15 minutes toilet break (I suspect 1.90)
5 days ago
SCR is different from MGO. Market price in a SCR will not go above offer price because if SCR succeeds then the Company is privatized and delisted. In a MGO the offerer may choose to retain listing.
5 days ago
I was shareholders in Selangor properties Bhd , a deep value land owner, and for the same reason that I invest in MPHB.
Back in 2018/19, kayin offered $5.70 to take the company private. Due to minority shareholders objections, the offer price was increased 2 times during the same exercise. The final price was $6.30 ie 60 sen increase.
The privatization is thru SCR like MPHB.
5 days ago
SCR offer price can be revised, that's why I say you minorites need to group together and appoint your spokesman and engage Surin.
5 days ago
If Surin senses that he will not get the 75% acceptance he might revise upwards the offer price but this need to be done BEFORE the EGM convened to vote for the SCR.
5 days ago
Scary cats! Dont dare to answer questions in AGM.. Said no time even though it was just 20 mins into AGM.. Maybe intro took longer! Only answer 1 or 2 shareholders! What a joke!
5 days ago
Old Fox. Sepandai-pandai musang melompat, JohnZhang will lead the sheeps to bring him down!
5 days ago
Yes, they take minorities for a ride ! But again ，this can only happen if majority of the minorities allow that.
5 days ago
Fabien _the efficient capital allocator
It's not the first time Tan Sri Surin takes company private. Check back MWE, another asset rich company who own stakes in WCE.
5 days ago
Most local companies like that, no respect to minority shareholders
We should raise to government and Bursa to propose law that enhance all shareholders interest
5 days ago
SURIN offer will be tabled to Board for approval (Surin & related parties abstained for voting). If they approved this shit, notice of at least 21 days required to conduct EGM for shareholder voting. If this shit approve by minority shareholder , need to submit application to high court for SCR. I think fast also need 3-6 months.
5 days ago
YTD , only 2% of shares changed hand which drove the stock price from 1.05 to 1.63.
This definitely not the alternative to privatize the company through open market purchase as minority shareholders is holding tight with their shares.
By announcing privatisation at 1.70 , Surin might hope that he can cap the price and minority shareholders will sell off below 1.70. The transaction volumes yesterday afternoon after the announcement and today sent a very clear signal to him that we will not dispose our shares at this price.
4 days ago
We have a couple of millions of shares in hand and we decided not to sell at open market and will vote against the resolution during EGM unless the offer price revise to min RM2
4 days ago
Although our holding represented a small fraction of the 702MM oustanding shares but we hope we can joint force with other minority shareholders to sense a clear signal to Surin that we are trying our best to go against the unfair offer price.
4 days ago
@Opportunate, the SCR will be frustrated if around 40 million shares vote against it.
4 days ago
We just do whatever we can for a better price. I wish Surin will revise the price to 2 and above and with happy ending at EGM. Then we can move on to other counters
4 days ago
@YouWin I will put my bet on those stock counters with land in Pasir Gudang area. Betting that East of Johor will be connected to Singapore through another RTS.
Singapore didn't like bridge as more cars will enter Singapore. RTS only transporting people.
4 days ago
Hi Opportunate ,
My group own about 21 mil shares . With your couple of million shares , we may just need 10+ million shares from others to frustrate guy ! We will have enough support!
I think all of us have no objections to the privatization if the price is palatable. Afterall, there is so much on the plate to share ! No respect for that S guy at all. He is already one of the richest man in Malaysia and yet trying to take poor minority for a ride !
————————
Opportunate wrote:
We have a couple of millions of shares in hand and we decided not to sell at open market and will vote against the resolution during EGM unless the offer price revise to min RM2
4 days ago
latest BS 31/3/2024,
The cash+ near cash assets in the company are as below ;
1. Investment securities (non current) $47.7m
2. Investment securities (current) $591.4m
3. Net receivable (after payables)$94.9m
4.cash in bank $66.3m
Total 1+2+3+4 =$778.7m
Total disinterested shares 399,670,907 .
At $1.70 , the payout is $679.4m only !
The balance after SRC payout is $778.7 m - $679.4m=$99.3 m.
The lands in Pegerang, KL, sgor and Penang worths $billion .
3 days ago
@Thecontrarian, I am just very pissed off .
TheContrarian wrote ,
@John, need to be diplomatic to engage Surin.
3 days ago
I kind of confuse with the 10%. If I not mistaken , I read somewhere that need 10% of total shares , which means 70.2MM instead of 40+MM to turn down the proposal
3 days ago
I kind of unhappy with the way Surin table his privatisation EXCUSE.
He was the one running the company. The company was poorly manage and the stock price was under performing and now he uses this as an excuse to take the company private at low price , avoiding the NA of the company at 2.40 which yet to factor in the revaluation.
3 days ago
2 years ago I joined in the AGM through online. I totally disappointed with the management.
3 days ago
MPHBCAP not my major holding so far. Won't be investing in any counter related to Surin in the future.
My investment focus more on technology stocks.
The company majorshareholders someone I knew in person , very humble and responsible person. One in top 50 richest list in Malaysia. Another one on the rise with new factory expansion. I have high hope on them due to their personality
3 days ago
So far , Nylex is working on LRT at JB area together with BTS , Ancom Nylex and LBS. No latest development so far.
Johor Transport Master Plan
BRT until Tebrau area ( phase 1)
Phase 2 extended to Pasir Gudang and surrounding area in 2035.
Pengerang even further from JB.
The only option to boost Eastern Part of Johor is building another RTS connecting Pasir Gudang to Tanah Merah MRT Station in Singapore
2 days ago
MahSing bought a pcs of land , more than 1000 acres within Pasir Gudang and Pengerang to develop into township. The land price about RM8 per ft2.
2 days ago
If Johor government.decided to build RTS connecting Pasir Gudang to Singapore , the land price in Pasir Gudang will skyrocket as connectivity will significantly improve. Tanah Merah to Changi Airport only 1 MRT Station. JB to Senai Airport by road about 1hr. Worth to bet on company with land in Pasir Gudang. Pengerang about 20km from Pasir Gudang , spill over effect not as much.
Residential land price in Pasir Gudang around 30 psft
2 days ago
Hi Opportunate , would appreciate if you are kind to share the 2 technology counters you mentioned.
—————
Opportune wrote :
Mphb not my major holding so far. Won't be investing in any counter related to Surin in the future.
My investment focus more on technology stocks.
The company majorshareholders someone I knew in person , very humble and responsible person. One in top 50 richest list in Malaysia. Another one on the rise with new factory expansion. I have high hope on them due to their personality
2 days ago
16 hours ago
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Bro Sslee, Pengerang is in plan to be gazetted as special economic zone. Q1FY24 we saw a huge RM54mil spent in a quarter which likely conversion of Pengerang to industrial title, if conversion not probable, their accountant would not dare to capitalise in their book.
Surin has planned it since beginning with his cronies accumulating shares every year. At price of RM1.70 now is only to buy out the rights of Pengerang from shareholder, technically he gets remaining lands and hotels for free.
Surin wanted to try his luck with this shitty proposal, and we will see how other major institutional, private fund will response after holding the lacklustre performance shares for 10 years awaiting for this exact moment.
6 days ago