KLSE (MYR): TUNEPRO (5230)
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Last Price
0.375
Today's Change
+0.01 (2.74%)
Day's Change
0.365 - 0.375
Trading Volume
78,400
Divestment is probably going to be good news for Tune, as current shareholder is the problem with its unrealistic expectations on its CEO. It needs both proven Management, Board and proven Shareholder to make Tune successful.
2024-04-12 22:37
@donny, it's the same pattern with past CEOs, Rohit isn't the first. The problem is CEO do what shareholders want them to do. They are creative people to extract short term results as what shareholder wanted, but insurance business doesn't work like that when constantly extracting short term results. Insurance is predicated on a large enough size insurance pool, small pools like 400 million GWP have huge hurdles long term.
2024-04-12 22:42
@ambrose, Malaysia ageing population is not a factor at all. There are many other older (ageing) countries with successful insurance industry.
2024-04-12 22:46
@warchest, @bbc, it's not about individual who can handle/cannot handle. CEOs and senior management by nature are resilient people. Typically Rohit and other CEO quit in the past likely due to "differences in views" masquerading as "personal reasons" / "better opportunities". It is unlikely that all these CEOs are wrong and the shareholder is right after so many CEOs. More likely, the shareholder demand is wrong / not suited for this line of business.
2024-04-12 22:59
Tunepro before the current trade and industry minister was ceO had a super low cost base. Server room was practically a bunch of PCs and everything was auto-opt-in. Making money like mad. Then listing came; and empire building era under the lady ceo. That’s when the cost base went nuts. For such a tiny outfit; the ceo needed a head of strategy and head of distribution to manage the other channel heads. That’s just recipe for disaster.
Aside from that rohit’s hiring was a huge bet for digital distribution.
Digital distribution can be just as expensive as agency given spend on digital partnership; non digital partner distribution, search keyword, ; social media personality (Tunepro didn’t even invest there) etc.
Except you lower the risk of dodgy agency behaviour scamming the company of commissions
Changing topic a bi. That’s why I sense BNM’s noble idea of targeting B40 with digital insurer license will fail.
Only sufficiently large incumbent insurer can take the losses; or at least can leveraging marketing spend for 2 purpose.
2024-04-19 17:45
The tenang vouchers. As outside person looking in; also likely due to pressure to meet kpi. I’m guessing there’s incentives that led to agency like behaviour from the team.
Being in corporate for 3 decades now. The lesson learned is, if there’s a incentive based KPI, there’s bound to be a scammer that can bring down the company due to greed.
2024-04-19 17:48
Looks like a swipe on tenang vouchers
https://www.linkedin.com/posts/tonyfernandesairasia_first-time-with-a-real-life-snake-met-many-activity-7188127789705846785-lBDu?
2024-04-22 19:11
@drkervokian - Rohit is leaving on very good terms with both Air Asia and the BOD. The post wasnt meant at Tune or him. Read a few posts before and you will know clearly which portfolio he refers to. Easy to malign people as keyboard warriors
2024-04-24 10:22
Celaka payment 1.2 million for Director.
Payment so high yet company loosing money.
Shouldn't get pay if company no profit.
Tenang program also can lose money.
2024-04-29 20:29
Hi everyone and DividendGuy67,
Tune still not off the ground.
How come Lpi doing so well but Tune struggling. Tune has broadened to other insurance areas BUT after a few years still struggling...
So what's the difference between LPI ( share price $12 and dividend of 66c for FY)..
Hmmmm.
I got out of Tune about more than a year ago with small profit.
Won't get in to this struggling
stock...
2024-04-29 20:39
Due to inflation the value of money depreciate year by year. If anyone invest in Tune Protect for more than 5 years without any profit should pull out from this stock, and Look for a great company (opportunity) to invest. Time is $$$$.
2024-04-30 11:10
You are correct ambrose123..👍...
I am newbie..
Can you tell me where and which stocks you are investing now?
Thank you.
2024-05-01 16:01
Was previous CEO highly paid. Co's need to pay for good calibre management..
Tune, dunno whether can get in now ?
2024-05-16 19:32
https://www.youtube.com/watch?v=LmXM5M9iBTY
Tune Protect Group 1Q24 Analyst Briefing on this Friday
2024-05-20 04:07
Poor results expected. As usual - it tries to sugarcoat losses with vague praises.
Will this co turn around? If not then better be a takeover target. Some other co will be able to make money out of this license
2024-05-24 21:01
Why TA announce BUY CALL for Tunepro even though Tune is loosing money ???
2024-05-27 12:10
TUNEPRO is one of 14 of my speculative trading stock where the goal is price gains. My average entry price is 30 sen, so, sitting on 20% unrealized gains. However, it is an extremely small % of my stock portfolio relative to dividend income. This is to cure boredom.
2 months ago
Based on trade details, looks like some one is collecting tunepro share last one week plus; but that buyer is not chasing the stock, mere buying what's available for sale. Hopefully something good is on the way!
2 months ago
Price has moved up a little bit, but volume expanded to 3m+. No news or rumours in the market but increased trading activities seem to indicate something is brewing. There could be several posibilities: pure goreng; appointing a seasoned CEO; new joint ventures; or some strategic corporate moves. Nobody knows; wait and see if there is any new development in the coming weeks.
2 months ago
There are only two listed companies in the airline industries. What else can you choose
2 months ago
Watch out for the new management team especially the new CEO; that will determine the direction of tunepro. There seems to be a persistent buying of tunepro shares in the last few weeks, which augurs well for the company.
1 month ago
General insurance is a viable business; look at Allianze and LPI, they are doing very well. In the hands of a right CEO, tunepro can do equally well, just has to wait patiently
1 month ago
New CEO is current CFO and previously AirAsia CFO for 5 years and Ex consultant background.
From the little linkedin data seems like a very hardworking person that's very serious. But lacks charisma to be CEO.
A cfo as CEO is usually OK for insurer. More control.
But can be bad if cannot lead distribution. Alternatively it's can be a sign that they'll take it private.
3 weeks ago
results to improve further. looking forward to possible dividend by end of this financial year after many years without.
3 weeks ago
DividendGuy67
Agree with Sheldon, that in the hands of the "big boys" who can afford to take a longer term view to fundamentally grow the business, that insurance license will come in handy. Problem with Tune is its shareholder who is not willing to wait to do what's necessary to grow its insurance business. If you keep demanding your new CEO to turn a profit in the first year, and not invest in the longer term, you can't grow sustainably in the mid term.
2024-04-12 22:35